Best No Fee Credit Cards with Rewards
When it comes to credit cards, there are a lot of options out there to choose from. This can be very overwhelming to many consumers. You might not even know where to begin, but we’ve got you covered! We have compiled a list of the 5 best credit cards with the best rewards- and best of all, no annual fees!
Chase Freedom Flex
The first card on our list is the Chase Freedom Flex card. This card has no annual fee and will get you 5% cash back on purchases such as gas and travel. It also offers you 3% cash back on dining, groceries, and drugstore purchases. In addition, you will get 1% cash back on everything else you pay for with this card. Another perk of this card is that you will get a $200 welcome bonus when you spend $500 in the first month of opening the card. This is a good beginners card because you need a credit score of about 670 to get approved. It’s also a good idea to build a relationship with Chase before applying for this card. This will increase your chances of getting approved. To do so, you can start by using some of their products and systems they offer. Lastly, this card has a 0% APR for the first 15 months of use.
Amazon Visa Prime Rewards
Another great credit card option is the Amazon Visa Prime Rewards card. This is a co-branded card that is affiliated with Amazon Prime. It’s important to note that this card is only for prime members. If you are not a prime member, you might want to check out Amazon’s other personal credit card they offer. The other card option is called the Amazon Visa Rewards.
If you are a big spender on Amazon and already an Amazon Prime member, the Amazon Visa Prime Rewards might be the card for you. You will get a 5% card back on all Amazon and Whole Foods purchases. In addition, you get 2% cash back at restaurants, gas stations, and drugstores. You will receive an additional 1% back on all other purchases. There is no annual fee making this card a no-brainer if you are already spending a lot of money on Amazon Prime.
You are basically receiving 5% cash back for free! To top it off, Amazon will give you a $150 gift card for signing up. To qualify for this card, you will need to have at least a 670 credit score. To be on the safe side it is recommended that you have a credit score over 700.
Discover It Card
The Discover It card is a great option if you are looking for a secure credit card.
So, what’s a secure credit card? This means that you are able to put money down as a type of security deposit. This money will be used to load the card. For example, if you chose to put $1,000 cash down on the card, you will have $1,000 available credit. This card is designed to build credit for those who might be just beginning. The Discover It card has no annual fee and they do offer some rewards for it being a beginners card. You will receive 2% cash back on gas and at restaurants as well as 1% back on everything else. Discover will match your cash back for the first year, meaning if you earn $100 cash back, that will double to $200. To see if you are approved for this card, it will not hurt your credit score at all.
Petal 2 Visa Card
Another great credit card option for beginners is the Petal 2 Visa Card. With this card, Petal doesn’t qualify you based on your credit score. Rather, they look at your banking history to come up with your “cash score.” This score is based on your banking payments and history. This is a great option for those who have not been able to build their credit yet. Petal is also a personal finance app that can help you manage and track your money as well.
With this card there are no annual fees and you can qualify for cash back when you make 12 payments on time. When you qualify, you will receive 2-10% back on select merchants, and 1.5% at restaurants and grocery stores. Additionally, you will earn 1% on everything else.
Citi Double Cash Rewards
The last credit card on our list is the Citi Double Cash Rewards Card. This card offers you 2% cash back on all purchases. This card is nice for those who spend money in a variety of different categories. It’s also easy to track and more straightforward than a lot of other cards out there. There is no annual fee for this card. As long as you have a good credit history and have always made past payments on time, you can qualify for this card.
At the end of the day, there are so many credit card options for you to choose from. Finding the right card to fit your unique needs is important. By doing so, you are able to maximize your rewards and get the most cash back.