12 Nov

Discover the Best Cash Back Credit Cards with No Annual Fee

best cash back credit cards no annual fee

Written By Dom Mia
November 12, 2023

Posted at 17:28h in Cashback by Dom Mia

Cash-back credit cards are a popular way to earn money from everyday spending. However, many people are not willing to pay an annual fee for these cards. That’s why I have analyzed 44 popular cash-back cards without an annual fee to find the best options for consumers. Here are my top nine picks for the best cash back credit cards with no annual fee in 2023.

Key Takeaways

There are plenty of cash back credit cards available that don’t charge an annual fee.
Earning cash back on everyday spending can help you save money.
Consider the specific cash back categories and rates offered by each card before making a decision.
Introductory APR offers can provide additional benefits, especially for balance transfers.
Be aware of any foreign transaction fees if you plan to use the card while traveling.

Best Overall Cash Back Credit Card – Chase Freedom Unlimited® Card

The Chase Freedom Unlimited® Card is our top pick for the best overall cash back credit card without an annual fee. With its generous cash back rewards and additional benefits, it’s no wonder why this card stands out from the competition.

Cardholders of the Chase Freedom Unlimited® Card can enjoy earning 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery services. Additionally, they can earn 5% cash back on travel purchased through Chase Ultimate Rewards®. For all other purchases, cardholders can earn a solid 1.5% cash back. The versatility of these cash back rewards allows users to earn money on their everyday spending without any hassle or limitations.

“The Chase Freedom Unlimited® Card offers a great opportunity to earn cash back on a wide range of purchases. Whether you’re dining out or shopping for groceries, this card has you covered with its impressive rewards program.”

– Industry Expert

New cardholders of the Chase Freedom Unlimited® Card can also take advantage of a special offer where Chase will automatically match all the cash back earned at the end of the first year. This means that users have the potential to maximize their earnings and enjoy even greater rewards in their first year of card membership.

In addition to its lucrative cash back program, the Chase Freedom Unlimited® Card also offers a 0% intro APR for the first 15 months on purchases and balance transfers. This feature provides cardholders with flexibility and the opportunity to save on interest charges.

Why Choose the Chase Freedom Unlimited® Card?

Generous cash back rewards on various categories
Special offer of cash back matching in the first year
0% intro APR for the first 15 months on purchases and balance transfers
No annual fee

With its impressive rewards program, attractive introductory APR, and no annual fee, the Chase Freedom Unlimited® Card is a top choice for individuals looking to earn cash back without any extra costs. Whether you’re a frequent diner, a savvy traveler, or simply looking for a card that rewards your everyday purchases, this card is sure to deliver.

Runner-up Cash Back Credit Card – Citi® Double Cash Card

When it comes to cash back credit cards without an annual fee, the Citi® Double Cash Card is a strong contender. With this card, you can earn a solid 2% cash back on all eligible purchases. This includes 1% cash back when you make a purchase and an additional 1% cash back when you pay your credit card bill. The best part? There’s no limit to the amount of cash back you can earn, so you can really maximize your rewards.

In addition to its generous cash back rewards, the Citi® Double Cash Card also offers a 0% intro APR for the first 18 months on balance transfers. This makes it a great option if you’re looking to consolidate your debt and save on interest. However, it’s worth noting that the card does charge a 3% fee on foreign transactions, so it may not be the best choice for frequent international travelers.

Overall, the Citi® Double Cash Card is a solid runner-up in the world of cash back credit cards. It offers competitive rewards, a long introductory APR period, and the flexibility to earn cash back on all your purchases. While it may not take the top spot, it’s certainly a card worth considering for those who want to earn cash back without paying an annual fee.

FAQ

Are there any cash back credit cards without an annual fee?

Yes, there are several cash back credit cards available that do not charge an annual fee. These cards allow you to earn cash back on your everyday purchases without the added cost of an annual fee.

What are the benefits of using a cash back credit card without an annual fee?

One of the main benefits of using a cash back credit card without an annual fee is that you can earn money back on your everyday spending without having to pay an additional fee. This allows you to maximize your savings and make the most out of your credit card rewards.

How do cash back credit cards work?

Cash back credit cards work by offering a percentage of your purchase amount back to you as a cash reward. The amount you earn will depend on the specific card and its rewards program. Typically, you can earn cash back on various categories such as groceries, gas, dining, and more.

Can I use my cash back rewards to pay off my credit card bill?

Yes, in most cases, you can redeem your cash back rewards to help pay off your credit card bill. This can be done through various methods such as applying the cash back as a statement credit or depositing it into your bank account. It’s important to check with your specific credit card provider for their redemption options.

Are there any limitations to earning cash back with these credit cards?

While cash back credit cards without an annual fee offer great rewards, there may be certain limitations to earning cash back. Some cards may have spending caps or limits on specific categories, while others may have rotating categories that change throughout the year. It’s important to read the terms and conditions of each card to fully understand how cash back is earned.

Can I use a cash back credit card internationally?

Yes, you can use a cash back credit card internationally. However, it’s important to note that some cards may charge a foreign transaction fee for purchases made outside of your home country. If you frequently travel or make purchases in foreign currencies, it’s worth considering a card that doesn’t charge this fee.

How do I apply for a cash back credit card without an annual fee?

Applying for a cash back credit card without an annual fee is typically done online through the credit card provider’s website. You will need to provide personal information such as your name, address, and social security number. The credit card provider will then review your application and determine if you qualify for the card.

Are there any other fees associated with cash back credit cards?

While cash back credit cards without an annual fee do not charge a yearly fee, there may still be other fees to be aware of. These can include late payment fees, balance transfer fees, and cash advance fees. It’s important to review the terms and conditions of each card to understand any potential fees that may apply.

Can I have multiple cash back credit cards without an annual fee?

Yes, you can have multiple cash back credit cards without an annual fee. Having multiple cards can allow you to maximize your cash back earnings by using different cards for different categories or purchases. However, it’s important to manage your credit responsibly and only take on as many cards as you can comfortably handle.