In the world of credit cards, finding one that offers great rewards without an annual fee can feel like striking gold. Such cards allow you to earn points, miles, or cash back on your purchases without the added cost of an annual fee. In this article, we’ll explore some of the best rewards credit cards with no annual fee available. These are some of the top contenders.
Chase Freedom Flex℠
The Chase Freedom Flex℠ card offers a generous cash back program, including 5% cash back on up to $1,500 in categories that rotate each quarter when you activate, 5% on travel booked through the Chase Ultimate Rewards portal, and 3% on dining and drugstore purchases. All other purchases earn 1% cash back. The card also includes a sign-up bonus, typically involving a cash bonus if you spend a certain amount within the first few months.
Citi® Double Cash Card
The Citi® Double Cash Card has a unique rewards system: it offers 2% cash back on all purchases—1% when you buy and 1% when you pay off those purchases. This applies to all purchases, with no limits or categories to track, making it a simple and straightforward option for earning rewards.
Capital One SavorOne Cash Rewards Credit Card
The Capital One SavorOne card is excellent for foodies. It offers 3% cash back on dining, entertainment, popular streaming services, and at grocery stores (excluding superstores like Walmart® and Target®). All other purchases earn 1% cash back. Like the Chase Freedom Flex℠, it typically includes a one-time cash bonus if you spend a certain amount within the first few months.
Discover it® Cash Back
The Discover it® Cash Back card offers 5% cash back in categories that rotate each quarter (up to a quarterly maximum) when activated, and 1% cash back on all other purchases. What sets this card apart is the unique welcome offer: Discover will match all the cash back you earn at the end of your first year.
American Express Blue Cash Everyday® Card
The American Express Blue Cash Everyday® Card offers 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, and 1% cash back on other purchases. The card also comes with a welcome offer, often involving a statement credit after spending a certain amount within the first few months.
Conclusion
While these are some of the best rewards credit cards with no annual fee, it’s important to note that the “best” card can vary depending on your personal spending habits and reward preferences. Always consider your individual financial situation and needs when choosing a credit card. Keep in mind that terms and conditions may change, so it’s crucial to read the fine print before applying for any credit card. And remember, while earning rewards can be beneficial, it’s important to manage credit responsibly by paying off your balance each month to avoid interest charges.
