This Is My Top No Annual Fee Card Lineup for 2024
KEY POINTS
- Start with a good flat-rate rewards card.
- Add on bonus category cards that cover your top spending categories.
- You can likely cover all of your top categories with no annual fee cards.
A lot of the credit card rewards world focuses on maximizing rewards and perks, so the focus is often on cards with high annual fees. But you definitely don't need to fork over tons in fees each year to earn great rewards.
You can put together an amazing lineup of no annual fee cards that can earn you up to 5% back in your top spending categories. Here is what I'd consider if I wanted to earn cash back rewards with no fees.
1. Wells Fargo Active Cash® Card
Good/Excellent (670-850)
Intro APR 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers
Purchases: 0% intro APR, 12 months from account opening
Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers
Regular APR
20.24%, 25.24%, or 29.99% Variable APR
Rewards Earn unlimited 2% cash rewards on purchases.
2% cash rewards
Annual Fee N/A
$0
Welcome Offer Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
$200 cash rewards
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This card’s unlimited 2% cash rewards on purchases is the highest we’ve seen for a flat-rate rewards card with no annual fee. It also has an incredibly easy-to-earn $200 welcome bonus and a decent intro APR offer. We simply haven’t come across this combination of top perks in one card before. Read Full Review
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- Unlimited 2% cash rewards
- Long 0% intro APR offer
- Generous cash rewards welcome bonus
- No annual fee
- Cellphone protections
- No bonus categories
- Foreign transaction fees
- Balance transfer fee
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- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 20.24%, 25.24%, or 29.99% Variable APR thereafter; 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.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
The heart of any good rewards strategy is a flat-rate card you can use for purchases that don't fit neatly into bonus categories. The Wells Fargo Active Cash® Card is a solid option for this position, as it earns unlimited 2% cash back on purchases.
2. Ink Business Cash® Credit Card
On Chase's Secure Website.
On Chase's Secure Website.
Good/Excellent (670-850)
Intro APR 0% Intro APR on Purchases
Purchases: 0% Intro APR on Purchases, 12 months
Balance Transfers: N/A
Regular APR
18.49% - 24.49% Variable
Rewards Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other card purchases with no limit to the amount you can earn.
Earn 5% cash back in select business categories
Annual Fee N/A
$0
Welcome Offer Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening.
Earn up to $750 bonus cash back
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A card with no annual fee and a 5% cash back rate on common spending categories for a savvy business owner? Chase delivers -- and you can even earn a particularly generous welcome bonus and enjoy travel and purchase protections with this card. Read Full Review
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- Big cash back sign-up bonus
- Office supply store rewards
- Internet, cable, and phone service rewards
- 0% intro APR offer
- No annual fee
- Low caps on bonus categories
- No balance transfer offer
- Foreign transaction fee
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- Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening
- Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year
- Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year. Earn 1% cash back on all other purchases
- 10% Business Relationship Bonus If you have the Ink Business Cash card plus a Chase Business Checking account on your first card anniversary
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- No Annual Fee
- Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
- 0% introductory APR for 12 months on purchases
- Member FDIC
The Ink Business Cash® Credit Card is one of my favorite small business cards thanks to the 5% cash back on internet, cable, and phone services. But the 5% back at office supply stores can also be useful.
You need to be a small business owner to apply, but that doesn't mean you need a corporation or anything. Contractors, freelancers, side-hustlers, and other sole proprietors are entirely eligible for small business cards.
3. Citi Custom Cash® Card
Good/Excellent (670-850)
Intro APR
Purchases: 0%, 15 months
Balance Transfers: 0%, 15 months
Regular APR
19.24% - 29.24% (Variable)
Rewards 5% cash back in your top eligible spend category each billing cycle (up to the first $500 spent), 1% cash back on other purchases. Earn an additional 4% cash back on hotels, car rentals, and attractions booked on Citi Travel℠ portal through 6/30/2025.
1% - 5% cash back
Annual Fee
$0
Welcome Offer Earn $200 in cash back after you spend $1500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
20,000 ThankYou® Points
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We love this card’s easy-to-use yet lucrative cash back program. Each billing cycle, cardholders earn 5% cash back in their top spend category (up to $500 spent in eligible categories). Eligible categories include grocery stores, restaurants, gas stations, select travel and more. The card automatically adjusts to your spending habits, which makes it easy to maximize your rewards. Read Full Review
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- Cash back rewards
- Sign-up bonus
- No annual fee
- 0% intro APR offer
- Bonus cash back limits
- Foreign transaction fee
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- Earn $200 cash back after you spend $1,500 on purchases in the first 6 months of account opening. This bonus offer will be fulfilled as 20,000 ThankYou® Points, which can be redeemed for $200 cash back.
- 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 19.24% - 29.24%, based on your creditworthiness.
- Earn 5% cash back on purchases in your top eligible spend category each billing cycle, up to the first $500 spent, 1% cash back thereafter. Also, earn unlimited 1% cash back on all other purchases.
Special Travel Offer: Earn an additional 4% cash back on hotels, car rentals, and attractions booked on Citi Travel℠ portal through 6/30/2025. - No rotating bonus categories to sign up for – as your spending changes each billing cycle, your earn adjusts automatically when you spend in any of the eligible categories.
- No Annual Fee
- Citi will only issue one Citi Custom Cash® Card account per person.
Whatever your top spending category is, chances are good you can cover it with the Citi Custom Cash® Card. Even better, you'll earn a very competitive rate on it.
You can earn up to 5% back on purchases in your top spending category each month, and the categories include:
- Drugstores
- Fitness clubs
- Gas stations
- Grocery stores
- Live entertainment
- Home improvement stores
- Restaurants
- Select streaming services
- Select transit
- Select travel
The catch is that you'll only earn the bonus rewards on the first $500 in purchases each month. After that, category purchases earn 1%. However, Citi will automatically determine your top spending category, so you don't need to activate anything.
4. U.S. Bank Cash+® Visa Signature® Card
U.S. Bank Cash+® Visa Signature® Card
Good/Excellent (670-850)
Intro APR 0% on purchases and balance transfers for the first 15 billing cycles on purchases billing cycles, and after that 19.49% - 29.74% (Variable).
Purchases: 0%, 15 billing cycles on purchases
Balance Transfers: 0%, 15 billing cycles
Regular APR
19.49% - 29.74% (Variable)
Rewards 5% cash back back on up to $2,000 of quarterly spending in two categories of choice and for travel booked directly in U.S. Bank's Rewards Travel Center, unlimited 2% back in one "everyday" category of choice, 1% back on other purchases
1% - 5% back
Annual Fee
$0
Welcome Offer Earn a $200 bonus after spending $1,000 in eligible purchases within the first 90 days of account opening.
$200
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You get the power to choose not one, but two bonus 5% cash back categories every quarter with this U.S. Bank card. Plus, you get 5% on travel spending when you book through U.S. Bank. No annual fee, a generous welcome bonus, and 15 billing cycles of 0% APR on purchases and balance transfers round out the perks on this card.
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- Sign-up bonus
- Bonus categories of your choosing
- No annual fee
- 0% intro APR offer
- Lackluster 5% back categories
- Cash back redemption minimum
- Foreign transaction fee
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- $200 rewards bonus after you spend $1,000 in eligible purchases within the first 90 days of account opening.
- 5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose
- 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Center
- 2% cash back on one everyday category, like Gas Stations and EV Charging Stations, Grocery Stores or Restaurants
- 1% cash back on all other eligible purchases
- 0% Intro APR on purchases and balance transfers for the first 15 billing cycles. After that, a variable APR currently 19.49% - 29.74%
- No Annual Fee
- Terms and conditions apply.
Whatever your other 5% cards can't cover, make up the rest with the U.S. Bank Cash+® Visa Signature® Card. You can choose two 5% cash back categories each quarter from these options:
- Cellphone providers
- Department stores
- Electronics stores
- Fast food
- Furniture stores
- Ground transportation
- Gyms/fitness centers
- Home utilities
- Movie theaters
- Select clothing stores
- Sporting goods stores
- TV, internet, & streaming services
Your bonus cash back is capped at $2,000 in combined bonus category purchases per quarter. You'll need to remember to activate your categories every quarter to earn the bonus rewards. (You can opt in to reminder emails from U.S. Bank.)
5. Capital One SavorOne Cash Rewards Credit Card
On Capital One's Secure Website.
On Capital One's Secure Website.
Good/Excellent (670-850)
Intro APR
Purchases: 0% intro on purchases for 15 months
Balance Transfers: 0% intro on balance transfers for 15 months (Balance Transfer Fee Applies)
Regular APR
19.99% - 29.99% (Variable)
Rewards Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024. Earn 8% cash back on Capital One Entertainment purchases. Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply. Earn 1% cash back on all other purchases.
1%-10% cash back
Annual Fee
$0
Welcome Offer $200 Cash Back after you spend $500 on purchases within 3 months from account opening
$200 Cash Back
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Dining and grocery spending will earn premium rewards, but that's not the only showstopper. The sign-up bonus, no annual fee, and a 0% intro APR offer can add a ton of value. Read Full Review
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- Sign-up bonus
- Dining rewards
- Entertainment rewards
- No annual fee
- Great intro APR for purchases
- Balance transfer fee
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- Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
- Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases
- Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024
- Earn 8% cash back on Capital One Entertainment purchases
- Earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options. Terms apply
- No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
- 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; balance transfer fee applies
- No foreign transaction fee
- No annual fee
Rounding out the lineup is the (in my opinion) underrated Capital One SavorOne Cash Rewards Credit Card. This is a solid everyday card that earns bonus rewards in several very handy categories:
- 3% cash back on dining
- 3% cash back on entertainment
- 3% cash back on select streaming services
- 3% cash back at grocery stores
Through Nov. 14, 2024, you'll even get up to 10% cash back on Uber/UberEats purchases. There aren't any category spending caps and you don't need to activate or track anything to make it happen.
No fees, no problems
It can take a lot of work to maximize high-annual-fee cards for top value. For some folks, it's a hobby worth pursuing. If the very idea of tracking credits and bonuses gives you a headache, however, give a no annual fee strategy a try. These cards can offer great rewards with minimal effort.
Our Research Expert
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.
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