Cash Back Credit Cards with no Annual Fee

When choosing a cash back credit card you should be aware of additional costs of an opportunity to earn additional 2-5% on your spending:

• Typically APR that applies to such cards is higher than you can get with your excellent credit.
• Some cash back cards charge an annual fee, so you should make enough in purchases to offset an annual fee with a cash back.

Luckily, most of the best cash back cards are now free. Here’s our list of the best no annual fee cash back cards:

Discover it Cash with 5% Cash Back

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intro purchase APR 0% for 14 months	regular APR11.49 - 23.49% (V)
intro BT APR 0% for 14 months	3% BT fee
rewards 1 or 5%

• earn 5% on quarterly changing category up to $1,500 quarterly maximum in purchases
• 1% on all other purchases

 

good credit / fair credit required

no annual fee

5% cash back on selected quarterly category

high limits

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Citi Double Cash

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intro purchase APR no intro offer	regular APR13.49 - 23.49% (V)
intro BT APR 0% for 18 months	3% BT fee $5 min
rewards 1%	+1% for paying off balance

• earn 1% cash back on all purchases
• get 1% more when you pay of your purchases in full on time

good credit required

no annual fee

1% cash back with no limitations

plus 1% more when you pay off balance in full

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Capital One Quicksilver

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intro purchase APR 0% APR for 9 months	regular APR13.49 - 23.49% (V)
intro BT APR 0% APR for 9 months	13.49-23.49%
rewards 1.5%	+$100 bonus

• get $100 bonus after spending $500 in the first 3 months
• earn 1.5% cash back on all purchases

 

excellent / good credit required

no annual fee

1.5% cash back

$100 welcome bonus

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U.S. Bank Business Edge Cash Rewards

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intro purchase APR 0% for 9 months	regular APR12.49 - 18.49% (V)
intro BT APR 3% min $5 BT fee	12.49-18.49%
rewards 1-3%	+25% annual bonus up to $250

• get 25% bonus on last-year cash back up to $250 every year
• earn 3% cash back on gas, office supplies and cellular
• 1% cash back on all other purchases

 

no annual fee

3% cash back on gas, office supply, cellular service

1% regular cash back

low APR

up to $250 annual bonus

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Cash Rewards for Business Bank of America MasterCard

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intro purchase APR 0% for 9 months	regular APR11.74 - 21.74% (V)
intro BT APR 4% min $10	11.74-21.74%
rewards 1%-2%-3%

• 3% on gas and office supply purchases
• 2% on restaurants
• 1% on everything else

excellent required

no annual fee

3% cash back on gas and office needs

2% on restaurants

1% on other purchases

0 intro APR for 9 months

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Our long-time favorite is a Fidelity AmEx card that gives you back 2% on all purchases with no limit. The only inconvenience is the need to open Fidelity account, which is free and doesn’t charge you a maintenance fee.

Another card is Citi Double cash – you get 1% cash back on all purchases when and then 1% back after paying off your balance. That means a total 2% cash back on all purchases if you pay your balance in full.

One of the most rewarding options with high cash back categories is a US Bank Cash+ card that offers a top level 5% cash back on 2 categories of your choice and 2% on another category you choose.

With a credit card, it is necessary to know the amount of interest you pay to the bank if you keep a balance on a card. That interest in most cases will offset any benefits of having a cash back or rewards.

The basic rule is if you keep a balance, just go with a low APR credit card – it will save you more in the long run.