Best Cashback Credit Cards With No Annual Fee, October 2021

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Chase Freedom Flex
Chase Freedom Flex

5.0/5

Bonus20K UR points (value up to $340)
Points Value1~1.7 cents
RequirementSpend $500 in 3 months
Annual Fee0
Rewards Rate– 5x on Chase travel + quarterly rotating category
– 3x UR on dining and drugstores
– 1x UR on all other purchases
PerksBonus and “cash back” are in the form of UR points
VerdictOne of the best zero fee credit cards out there

Details

  • Bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Points Value: Both the bonus and rewards “cash back” are actually in the form of Chase Ultimate Rewards, which can be redeemed at 1 cent per point. UR points do not expire; if you hold on to them until you have either CSP or CSR, you case use them at 1.25 or 1.5 cents per point, or transfer to Chase partners and maximize their values — estimated 1.7 cents per point.
  • Rewards Rate:
    • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
    • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
    • Earn 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.
  • No annual fee.
  • APR: 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 – 23.74%.
  • Foreign Transaction Fee: 3%.
  • Recommended Credit Score: Good to excellent (670+). Check your credit score here.

Chase Freedom Unlimited

5/5

Bonus20K UR points
Points Value1~1.7x cents
RequirementSpend $500 in 3 months
Annual Fee0
Rewards Rate– 5x UR on grocery
– 3x UR on dining and drugstores
– 1.5x UR on all other purchases
APR0% for 15 months; then 14.99%~23.74%.
Credit Score670+ recommended
PerksBonus and “cash back” are in the form of UR points
VerdictAnother great zero fee card from Chase

Details

Offer

  • Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • Earn unlimited 1.5% cash back on all other purchases.
  • Earn 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1.5% on all other purchases.
  • No annual fee.
  • 0% Intro APR for 15 months from account opening on purchases, then a variable APR of 14.99 – 23.74%.
  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.

Points Value: Both the bonus and cash back are actually in the form of Chase Ultimate Rewards, which can be redeemed at 1 cent per point. UR points do not expire; if you hold on to them until you have either CSP or CSR, you case use them at 1.25 or 1.5 cents per point, or transfer to Chase partners and maximize their values — estimated 1.7 cents per point.

Citi Custom Cash Card

4.5/5

Bonus20K Citi TYP
Points Value1~1.7 cents per point
RequirementSpend $750 in 3 months
Annual Fee0
Rewards Rate– 5 x TYP on top eligible spend category each billing circle
– 1x TYP on everything else
APR0% for 15 months, then 13.99%~23.99%.
Credit Score670+ Recommended
VerdictBest if you are not into complicated rewards programs

Details

This is branded as a “cash” credit card, however the bonus and rewards are both in the form of City ThankYou® Points (TYP), which can be redeemed for statement credit at 1 cent per point. However, if you hold on to your points until you have a Citi Premier Card, TYP values as high as 1.7 cents per point.

Rewards Rate:

  • 5x TYP in your top eligible spend category each billing circle, up to the first $500 spend (then 1x). Eligible spend categories include: restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs, live entertainment.
  • 1x TYP on everything else.

Other Info:

  • You can only have one Citi Custom Cash Card. 
  • Foreign transaction fee is 3%.

Amex Blue Cash Everyday
Amex Blue Cash Everyday® Card

4/5

Bonus$250
RequirementSpend $2750 ($750 on Amazon)
Annual Fee$0
Rewards Rate– 3% on supermarket
– 2% on gas & department store
– 1% on everything else

Details

  • $250 Bonus. Earn 20% back on Amazon.com purchases in the first 6 months of card membership, up to $150 back. Plus, earn $100 back after you spend $2,000 in purchases on your new Card within the first 6 months of card membership. You will receive cash back in the form of statement credits.
  • Rewards Rate.
    • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%). 
    • 2% Cash Back at U.S. gas stations and at select U.S. department stores. 
    • 1% Cash Back on other purchases. 
  • APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%. 
  • Recommended Credit Score: Good to excellent (670+). Check your credit score here.
  • Perk: Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee. 

Wells Fargo Active Cash℠ Card
Wells Fargo Active Cash℠ Card

4/5

Bonus$200 (cash)
RequirementSpend $1,000 in 3 months
Annual Fee$0
Rewards Rate2% on every purchase
VerdictGreat bonus for a zero fee 2% cash back card

Details

  • Bonus: Earn a $200 cash rewards bonus after spending $1,000 on purchases in the first 3 months.
  • Recommended Credit Score: Good to excellent (670+). Check your credit score here.
  • APR: 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 14.99% to 24.99% variable APR; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
  • Foreign Transaction Fee: 3%.
  • Perks:
    • Enjoy a premium collection of benefits at a selection of the world’s most intriguing and prestigious hotel properties with Visa Signature Concierge.
    • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Active Cash℠ Card.

Citi® Double Cash Card
Citi Double Cash Card

3.5/5

Bonus$0
Annual Fee$0
Rewards Rate2% on all purchases
Credit Score670+ recommended
APR13.99% – 23.99%
VerdictA real simple cash back card

Details

  • Earn 2% on every purchase: 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% – 23.99%, based on your creditworthiness. Balance Transfers do not earn cash back.If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month. There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • APR: The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi’s discretion.

Discover it
Discover it

3.5/5

Bonus$0
Annual Fee$0
Rewards Rate– 5% in quarterly rotating category
– 1% everything else
Credit Score580+ recommended
APR0% for 14 months, then 11.99% to 22.99%
PerksDouble cash back for the 1st year

Details

  • Quarterly rotating 5% category (up to $1,500 purchases each quarter): 
    • Q1 2021: Grocery Stores, Walgreens and CVS
    • Q2 2021: Gas Stations, Wholesale Clubs and Select Streaming Services
    • Q3 2021: Restaurants and PayPal
    • Q4 2021: Amazon.comWalmart.com and target.com
  • 1% cash back on everything else. 
  • Double cash back. Unlimited dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.

chase freedom student
Chase Freedom Student

3.5/5

Bonus50K UR points
Points Value1~1.7x cents
RequirementMake one purchase
Annual Fee$0
Rewards Rate1% (1x UR points)
APR14.99% variable APR
Perks$20 reward x 5 years
VerdictBest for college student with limited credit history

Details

  • Bonus: $50 Bonus after first purchase made within the first 3 months from account opening, in the form of 50,000 Chase Ultimate Rewards (UR) points.
  • Rewards Rate: Earn 1% cash back on all purchases, in the form of 1x UR points.
  • Annual Fee: $0.
  • Perks: $20 Good Standing Rewards after each account anniversary for up to 5 years, in the form of 20,000 UR points.
  • Earn a credit limit increase after making 5 monthly payments on time within 10 months from account opening when meeting credit criteria
  • No minimum to redeem for cash back. Cash Back rewards do not expire as long as your account is open.
  • Free credit score with Chase Credit Journey

This is branded as a “cash back” credit card, but in fact the bonus and rewards are both in the form of Ultimate Rewards (UR). These points do not expire; they can be redeemed at 1 cent per point for statement credit, but if you save them until the day you have a Chase Sapphire Preferred or Chase Sapphire Reserve credit card, you will be able to redeem or use them at 1.25 / 1.5 ~ 1.7 cents per point.

US Bank Triple Cash Biz

4.0/5

Bonus$500 (record high)
RequirementSpend $4,500 in 150 days
Annual Fee0
Rewards Rate1 – 3% cash back
Credit ScoreRecommended for 670+
APR0% for 15 months, then 13.99%-22.99%
Perks$100 software credit every year

Details

  • $500 bonus: Spend $4,500 on the account owner’s card in the first 150 days, get $500 bonus.
  • 3% Cash back: Eligible purchases at gas stations, office supply stores, cell phone service providers and restaurants.
  • 1% cash back: Al other eligible purchases.
  • $100 software credit: Earn an annual $100 statement credit for recurring software subscription expenses such as FreshBooks or QuickBooks.

Other info:

  • Card works with Apple Pay, Google Pay and Samsung Pay.
  • U.S. Bank does not report business cards to the credit bureaus.
  • 3% foreign transaction fee.

Verdict:

  • Generous bonus for a card without annual fee.
  • $100 software credit is a nice touch if you have use for it.
  • Some may find the 3% category worthwhile as well.