Best No Fee Cash Back Credit Cards

Now that we’ve answered the question What Is A Rewards Card, it’s time to consider which one(s) you want to get for your own wallet.

Since there are dozens out there, we’ve compiled a list of the top no fee cash back credit cards to get you started in your research.

 

The Best No Fee Cash Back Credit Cards

Here’s a table with some of the best cash back credit cards that don’t have fees that are out there right now.  Below the table you’ll find more detailed information on all of the different cards to continue your comparisons.

We consider the top three here (American Express BlueCash Everyday, Chase Freedom, and Discover It) to be some of the best rewards cards out there, with the remainder all being solid runners up.

To apply for any of these cards, click the name of the card in the table.

 

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Our Top Picks

We use what we consider to be the three best no fee cash back rewards cards.  These are the three cards that are in our wallets day in and day out.

#1 – American Express Blue Cash Everyday

Bottom Line: This has really become our “everyday” card.  When in doubt about the bonus category timelines on other cards, this one gives solid rewards at the places that get most of our money day in and day out – gas stations and grocery stores.

Pros:

  • Rewards: 2% on groceries, 3% on gas, 1% everywhere else.  All the time.
  • Sign-on Bonuses ranging from $150 and up.
  • Small Business Saturday (the day after Black Friday each year) allows you to get an additional $25 in statement credit per card on the account!
  • Excellent customer service.

Cons:

  • Our favorite breakfast shop doesn’t take American Express, so we need to have a backup card.

CLICK HERE TO APPLY FOR AN AMERICAN EXPRESS


#2 – Chase Freedom

Bottom Line: The Chase Freedom is a great second card to have in your arsenal as it’s a Visa, which is one of the most widely accepted cards in the world.  The online bonus mall also provides the opportunity to earn bigger rewards on purchases online.

Pros:

  • Rewards:  1% everyday + rotating 5% categories for 2013: Q1 – gas, drugstores, Starbucks; Q2 – restaurants, movie theaters, Lowe’s home improvement; Q3 – gas, theme parks, Kohls department store; Q4 – Amazon.com, over 400 department stores for the first $1,500 in category spending each quarter
  • Bonus mall lets you shop at different online retailers earning bonus points that can be as high as 10%
  • Sign-on bonuses from $100 and up
  • Rewards can be redeemed as gift cards to retailers that give you further bonus cash.  (ie. use $20 bonus cash to buy a $25 gift card to Target.)
  • Excellent customer service

Cons:

  • Earnings in bonus categories are capped, usually applying only to the first $1,500 of spending in bonus categories each quarter.  So you’ll want to keep track of when you pass the quarterly bonus limit so you can move to the next best card.

CLICK HERE TO APPLY FOR A CHASE FREEDOM


#3 – Discover It

Bottom Line: The Discover It is structured almost exactly like the Chase Freedom with rotating bonus categories of 5%.  There is also a ShopDiscover bonus mall which we’ve actually found to be more comprehensive and often has higher bonus percentages than Chase’s bonus mall.  It also allows for rewards to be redeemed as discounted gift cards for various retailers to make your bonuses go even further.

Pros:

  • Rewards: 1% everyday + rotating 5% categories for 2013: Q1 – restaurants, movies; Q2 – home improvement; Q3 – “summer fun” + gas; Q4 – “holiday shopping” for the first $1,500 in category spending each quarter
  • Comprehensive ShopDiscover bonus mall lets you shop at different online retailers earning bonus points that can be as high as 20%
  • Sign-on bonuses from $100 and up
  • Rewards can be redeemed as gift cards to retailers that give you further bonus cash.  (ie. use $20 bonus cash to buy a $25 gift card to Target.)
  • Excellent customer service

Cons:

  • Earnings in bonus categories are capped, usually applying only to the first $1,500 of spending in bonus categories each quarter.  So you’ll want to keep track of when you pass the quarterly bonus limit so you can move to the next best card.

CLICK HERE TO APPLY FOR A DISCOVER IT


Runners Up

There are a few other no fee cash back rewards cards that are worth mentioning here, although we do not personally have them in our wallets.  These runners up are:

PenFed Platinum Rewards Visa Card

Bottom Line: Great everyday rewards – hard to qualify!

Pros:

  • Rewards: 5% at the pump at gas stations, 3% at supermarkets, 1% everywhere else.  These are great!

Cons:

  • Must be PenFed Credit Union member to apply.  Membership is free for most people that have a family association with military or U.S. federal government agencies, or you can join by making a one-time donation to one of their specified military charities.  (Minimum donation $15.)
  • Supposed to be very hard to qualify (high credit score, etc), and membership donation is non-refundable if you do not qualify.
  • No bonus categories or bonus mall.

 CLICK HERE TO APPLY FOR A PENFED PLATINUM REWARDS VISA 


Citi Dividend Select Visa Card

Bottom Line: Structured similarly to the Chase Freedom and Discover It cards, but with mediocre bonus categories and a cap of $300 in cash back per year.

Pros:

  • Rewards: 1% everyday + rotating 5% categories for 2013: Q1 – drugstores, fitness clubs, Zappos.com; Q2 – home improvement; Q3 & Q4 – not yet announced
  • Online bonus mall with 400 retailers averaging 5% bonus
  • Sign-on bonus of $100 for spending $500 in the first 3 months

Cons:

  • Unless your sign-up offer indicates otherwise, there is a cap of $300 in rewards that you can earn in any calendar year, and it is only payable by check in $50 increments

CLICK HERE TO APPLY FOR A CITI DIVIDEND CARD


Bank Americard Cash Rewards Credit Card

Bottom Line: Decent everyday card, especially for BofA checking/savings customers, but bonus categories capped at $1,500 each quarter

Pros:

  • Rewards: 1% on all purchases, 2% on groceries and 3% on gas for the first $1,500 in combined gas and grocery purchases each quarter
  • 10% bonus on rewards if redeemed as a deposit into a BofA checking or savings account (ie $25 in rewards = $27.50 deposit)
  • Sign-on bonus of $100 for spending $500 in first 90 days of card ownership

Cons:

  • No bonus mall
  • Maximum reward 3%, and subject to cap

CLICK HERE TO APPLY FOR A BANK AMERICARD


Capital One Cash Credit Card

Bottom Line: Becomes a 1.5% card, but requires waiting a year for your extra 0.5%

Pros:

  • Rewards: 1% + 50% bonus reward on account anniversary each year
  • Sign-on bonus of $100 for spending $500 in first 90 days of card ownership

Cons:

  • 50% bonus does not apply to sign-on bonus
  • No bonus mall or bonus categories

CLICK HERE TO APPLY FOR A CAPITAL ONE CASH


US Bank Cash+ Visa Signature Card

Bottom Line: Nice to augment other cards since it lets you pick your quarterly rewards categories.

Pros:

  • Rewards: 1% on all purchases, two 5% categories each quarter, plus one 2% category each quarter from everyday categories like gas and groceries

Cons:

  • No sign-on bonus

CLICK HERE TO APPLY FOR A US BANK CASH+ VISA SIGNATURE

 

 

 

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