10 BEST Cash Back Credit Cards (No Annual Fees)
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- เผยแพร่เมื่อ 12 ต.ค. 2022
- In this video, we’re looking at the 10 best cash back credit cards that have no annual fee! These cash back credit cards will give you big sign up bonuses and each credit card earns 3% to 5% back on all of your spending categories as well. So if you’re looking for the best credit cards that focus on cash back, then this video will be the perfect guide to picking the right credit card for your wallet.
These cash back cards will focus on spending categories like gas, groceries, dining, online shopping and more - so if you use the right credit card for each category, then you can maximize the cash back that you earn.
--- 💳 Learn More About The Discover It Cash Back Card: danielbraun.me/DiscoverIt
--- 💳 Learn More About The Chase Freedom Unlimited: danielbraun.me/FreedomUnlimited
--- 💳 Learn More About The Citi Custom Cash: danielbraun.me/CitiCustomCash
--- 💳 Learn More About The US Bank Altitude Go: danielbraun.me/AltitudeGo
--- 💳 Learn More About The Capital One SavorOne: danielbraun.me/SavorOne
--- 💳 Learn More About The Citi Double Cash: danielbraun.me/DoubleCash
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Great video!! I really appreciate the tables comparing all the cards. I look forward to watching more of your videos.
0:40 Amex Blue Cash Everyday
2:40 Chase Freedom Flex
5:06 Citi Custom Cash
6:43 Amazon Prime Rewards Visa
7:42 Amazon Rewards Visa
8:17 US Bank Altitude Go
10:05 Discover It Cash Back
11:06 Capital One SavorOne
12:20 Citi Double Cash
13:12 Wells Fargo Active Cash
13:58 Chase Freedom Unlimited
Thanks I really need that type of summary from the vid.
Another Citi double cash alternative is the PayPal 2% off everything card. No yearly fee and seems to be easier to get approved for. I believe it also has some benefits the double cash does not but you would have to compare them to see what those are.
@@vapeking466 I have citi double cash and it offers something unique that I’ve only see in $250 Amex card: $10 Uber credit per month and 2% extra back at CVS etc. you just have to activate it in the app
GOD BLESS YOU LOL
@@Cobratate723 I thought you died 🥺
You are amazing bro. Very concrete and concise! Pure information no bs
Beautiful summary, direct and concise.
Great video. What about the Wells Fargo Autograph? 3% back on many categories. I also am not a big WF fan, but it seems like a pretty good card when paired with the WF Active Cash for the 2% catch all card.
Love this video! I’m learning to make my credit work for me appreciate this!
Dan is gold. Thank you bro
These are all solid picks Daniel! 💪😍
Nice picks! 🔥
Really helpful video, I’m trying to get a new credit card that i can use in gas expenses and now i got options to choose! Great video!!
Coming up to the end of my Discover it bonus time. Made the most of it. Definitely want that US bank altitude!
Very helpful. Thank you!
I love my CHASE Freedom Flex and Capital One Savor One cards! 🙌🏾🙌🏾
Great information Dan, is there any card which provides points/CR for PayPal payments
Thank you, very cool 👍
get paid dude! i love all the info1 saves me time and money! thanx so much! hope u have other vids that can save me money!
Daniel! Thank you so much for this video! It’s time to open a new credit card! I’ve been eyeing the Citi custom cash & double cash for some time now. As a part time Uber driver CCC sounds like a no-brainer but then I do spend on other things that I normally get 1% back on…I’m very indecisive 😭 and the Amex blue cash does sound tempting too. Ugh!! I’m so confused now. 😂 thank you again for the video!
Ok I can see the custom cash and double cash, but what about the Citi Rewards card that rounds off to the nearest ten points. I can't believe no one is talking about this card.
freaking awesome video🤣😁
You should do one for annual fee cards. Great video
thanks a lot dan real fan !!
The Blue Cash Everyday Card is a strong contender especially with the statement credits you get without an annual fee!
Daniel - what do you think of the Wells Fargo Autograph?
Penfed Platinum Rewards might also be a good choice as it offers a $200 bunus when you spend $1500 in the first 90 days. 5x points on gas and ev charging, 3x at supermarkets including most Walmarts and targets, 3x at restaurants, 3x on Streaming and 1x on anything else. Unlike the American Express they claim this works at Walmart for the %3 cash back.
Can you make a video on your Chase trifecta set up?
Venture X and SavorOne is a pretty deadly setup. Those with the Amazon Rewards Signature (if you already have a Prime account) and maybe a Citi Custom Cash will pretty much make you ready for anything.
Was going for the chase trifecta but then suddenly decided to try my chance at getting approved for the Venture X and did. So SavorOne is my next card to complete this set for everything covered pretty easily. Gotta wait 6 months tho.
@@McGooness Waiting 6 months....is that the minimum time period you have to wait before applying for more credit so that it doesn't affect your score?
Love my Discover It Cash Back card. I’ll hold on to it until I hopefully get my Southwest Rapid Rewards plus card.
This is gonna sound crazy, but i just unfreezed my credit and got approved for both the Citi double cash and Cap One Quicksilver. Got denied from capital one about 2 times before this and it’s nice to see the approval.
the us bank cash plus is also amazing aswell
I'm not picky at all in terms of being on team cashback or team travel!! Anything that helps me make the most out of any purchase in the team I want to be on...say...team bandwagon? Loved the Video Daniel!
Haha I have many of these! I just got approved for the WF Autograph. So my current setup is WF Active Cash, Amex BCE, WF Autograph, Discover IT, B of A Customized Cash (currently set at 3% for drugstores), and the USAA Cashback Rewards Plus (5% on gas). I do also have the Apple Card and the Prime Visa but those are sock drawer cards for me. Only card I want which I have to wait to apply for is the Freedom Flex. One day I might consider the Chase Trifecta but right now I’m happy earning good cash back on all my spend
Wish you added the PayPal Mastercard as it chives you 3% on everything PayPal and 2% without using PayPal. Not a lot of TH-camrs talk about it and has $100 sign up bonus. Also the us bank cash + card is great for 2 5% categories
You’ve taught me a ton about credit cards values and benefits. Thank you sir! Keep doing what you’re doing!
Last forgotten category is BILT Credit Card for Rent. Also, BOFA Cash Rewards card
One of the best summaries I’ve seen on this topic, Daniel. Great job! Have a nice weekend.
As someone who spends most of his time on Team Cash Back right now, I approve of this message 😁👊💵 So many great cards offering 3%-5% with no annual fee these days!
Which are your top favorites??
@@grethelaguilarn7619
- Chase Freedom Flex
- Chase Freedom Unlimited
- U.S. Bank Cash+
- U.S. Bank Altitude Go
- Citi Double Cash
- Citi Custom Cash
- Amex Blue Cash Everyday
- Amex Blue Cash Preferred ($95 AF)
- Capital One SavorOne
- Discover it Cash Back
hi daniel , been watchin alot of your videos lately , still really new to credit cards , i just got my discover it secured card in septmeber, i was just wondering how long should i wait before applying for a second card? i have 4 cards in mind but dont wanna rush it . i am looking at the chase freedom flex & unlimited, citi custom cash , and the amex blue cash everyday .
Amazing summary Dan. The 'Pick 1 Category" cards are terrific choices, but you mention so many excellent options. The SavorOne I feel is one of the most underrated cards on the market. A full video on that one would be great because it offers great cash back options, plus no foreign fee (as you mentioned), plus travel incentives too.
I feel the same way about the savor one as well. I think it's probably because it was introduced so close to the beginning of the pandemic when one of the main advertisements for it was restaurants and then all the restaurants closed 😂😂😂
Can't beat the Savor one, also combine it with the Venture X and rack up the points
Question on most Cashback cards under " groceries" l mainly shop groceries at Walmart supercenter or Costco does the Cashback under groceries can count towards those stores?
Thank you so much, Daniel, for your knowledge and research! Your videos make credit card shopping fun. :)
AAA Travel Advantage Rewards is 5% on gas and AAA Daily Advantage Rewards is 5% on groceries. This is with Comenity and for specific regions of USA (so need correct zip codes), but technically anyone should be able to apply for it. Maybe 2023 video idea?
Fidelity 2% cash back on all is also pretty cool
Which of these options is better? (1) Wells Fargo active cash - unlimited 2%; or (2) chase freedom unlimited - unlimited 1.5% cash back and then transfer to sapphire preferred? Which of these options gives you more value?
My question is. After the sign up bonus, what’s the point of using all the cards from different banks instead of using one company and pile up rewards there?
Thank you for the video. I know I definitely wouldn’t want to deal with multiple cards and try to keep track of all this lol
Honestly the thought stresses me out with them changing that I don’t want to use them at all 😅
Which card is better for travel jet blue plus or chase freedom flex?
The Freedom Flex is such a great card. You definitely want to pair it with other cards, but the travel redemptions through Chase are fantastic.
Looks like I have 1,2,3,4,6,7. Cashback cards are great and underappreciated.
The Chase Amazon Prime points are not UR points correct? So no transferring to the CSP. I'm not sure.
Which one of these cards can be cash redeemed if you don’t bank with them.
I’ve noticed many of these will allow statement credits but no actual cash to be redeemed
Altitude go card is literally the ultimate foodie card I love it
Absolutely, a great card for food!
Question why didn’t you put the custom cash card in the dining slot and gas? It’s 5% yes up to 500 a month but I would say most people don’t spend 500$ monthly on dining out or putting gas.
So I'm confused. Does dining just mean I could use it on any fast food restaurant or is it what they choose.
Which cards can I add an authorised user on?
I wish one of the major banks would come out with a flat 3% on everything except gas and groceries.
The PayPal Mastercard almost does that. 3 percent on every purchase done via PayPal. And 2 percent if not. I think a lot of banks don't want to do a straight 3 percent as it's probably too costly on their end.
The only issue with Chase is that if you apply with a low credit score and low annual income, they give you a low credit limit, and even if you use it responsibly and raise your credit score and annual income, they are stingy with credit limit increases.
I know you don't like Wells fargo, but the autograph definitely deserves to be on this list, it handles everything except for grocery and no foreign transaction fee, and a $300 sign up bonus. Which is more than anything on this list. a lot of people leave the autograph off their list.
Your forgot 10% on Uber for the Savor card. That’s pretty nice if you’re constantly getting food delivered.
I got rejected on the chase freedom unlimited and one of the reason was that i didn’t have enough fund deposit. I don’t have any relationship with the bank, should I create a saving account with them to start building a relationship?
Only thing bad about the Citi double points is that 1 point = 0.8 cents so if you have 1000points it’s going to be worth only $8 compared to a normal $10 from other companies
how do you miss out on all the categories Bank of America Cash Back card offers? if you have 100k with then you can get 5.25% on travel, online, dining, gas
So does that amazon prim card work for a business prime account?
Bank of America Unlimited Cash Rewards card as a preferred customer?
I got the blue cash as my first Amex card and it definitely was a great choice in my opinion and I’ve become a fan of Amex and plan to get another card for their travel benefits in the near future because of it, if anyone is considering it go for it you won’t regret it
Us Bank Go card is nice I love mine.
I have the Capital One savor one and the Discover IT card. Discover was the first credit card that I opened in my own name. Capital One and Discover are awesome for me.
You missed the WF Autograph card 3% on gas, dining, travel, transit, streaming and cell phone service is nothing to sneeze at.
So i was attracted to the citi premier for a second and then i saw the amex everyday card does that exact thing but for free. Well minus the hotel credit i guess
I feel like you forgot to mention the Wells Fargo authograph card
Thanks for this video.
1. I feel US Bank Cash+ is one of top 10 cashback credit cards.
2. I don't understand the advantage of getting chase freedom unlimited if you have citi double cash. Is there any advantage of having both?
In my case I chose the Freedom Unlimited since I already had the CSP and the availability of combining points and the travel partners made it a clear choice for me. As well as the 1.25cpp valuation with the CSP. If you're strictly after cash back and don't care about points then the Double Cash
If you get the chase sapphire reserve, then you get a 50% boost on your chase points. Thus 50% boost on 1.5% cash back is 2.25% cash back
His argument is that it can be combined with the Chase Sapphire Preferred, and that it does have a signup bonus, the CSP's 95 annual fee defeats the purpose of the video, but the real advantage is the signup bonus IMO, I personally am working on a no annual fee setup because my spending is not as high as other people to justify paying annual fees so again, I will get the Chase unlimited just for the sign up bonus and from time to time a dining expense since it gives 3% as well.
Great list Daniel! While this does have a $95 annual fee, the AMEX Blue Cash Preferred is another great choice if you're like my family and spend a lot at the grocery store (6% instead of the 3% of the Everyday).
Its worth it just for that? It does have that nice 6% but doesn't come with any other goodies like most annual fee cards like statement credits
@@coreyw5981 it technically does as it comes with the Disney+ bundle and Equinox credits. It's only worth it if you're hitting close to that $6,000 annual cap on groceries or can make up some of that cap loss with the 6% streaming cash-back benefit. Otherwise, I'd lean towards the Blue Cash Everyday or an equivalent.
@@coreyw5981 it's worth it if you have family with more than 2 adults and you do big grocery shopping. If you live on ramen/snacks - probably not worth it
If you spend > $250/month, BCP wins out without even including streaming. The bigger question is whether you can use the custom cash for groceries. That beats out BCP even if you do the full 6k in spend.
@@electroduval831 True but BCE also has Online Shopping as a category which I'd argue is more valuable than Streaming & Transit.
CCC is a great card but I am too lazy to open and monitor another account for a single category lol
BoA Customized Cash Rewards CC should be considered for this list too.
It gives 3% back on a category of your choice that you can update monthly (up to 2,500 in spending per quarter). Going on a trip? Swap it to travel. Eat out and don't have a good dining out CC? Shift over to dining out.
But if you're a BoA rewards member, you can bump up that cash back up to 5.25% cash back. That's an insane value to have in a CC, and for no fee CC's it really has a lot of flexibility and helps fill the 'void' as you build out your wallet with desired CC's, or shift from one program to another and need to fill some gaps.
what do you mean if you're a boa rewards member?? i have a checking account with them. what does that mean??
Citi Custom Cash makes that card sound bad
@@rickybobby9885 Boa with preferred reward boost is more cash back (5.25 v 5) on higher eligible spend (2500 vs 1500) compared to citi
@@clytie_druid you have to swap the category to get the benefits. Thats lame and extra hoops to jump through
Extremely useful chart 15:25
It's the chart for me!
Glad you liked the chart!
Nice graphic. I'd like to see a chart like this for cards that focus on points. Specifically, I think most people prefer Chase + Amex due to more usable transfer partners.
@shermanchandler4432 - over there are a bajillion videos out there on maximizing points with partners. There are so few videos of people who just want to maximize cash without dealing with points that I'm watching a year old video because that's all I've got. The last thing we need is yet another video on how to maximize points.
what about the APR??
thanks for not bullshitting and showing vacation pictures for the first half hour like Chris winter
I think the WF Autograph is also worth mentioning. 3% cash back on travel, gas, dining, and phone plans.
Yeah I really could have including that one in this video as well - lots of good cash back categories!
Do you have a podcast?
Not yet, but would love to have one some day! Hopefully I'll go on some more podcasts next year
Why do they all skip big box store cashback at Walmart and others? A 5% cashback at Walmart is the biggest cashback to most Americans and all theses TH-cam creators gloss over for minute cashback categories.
So you put the Sofi card in the thumbnail.
Does that make any sense if I have Sofi bank? Should I just get Citi double cash?
Yeah I really like the SoFi card as well! Only reason I didn’t include it is because not everyone has SoFi and you need to be with them to get 2% back. But I would use that card in a cash back setup myself because I bank with SoFi too
One card I would add is the CapitalOne Walmart card. My family picks up groceries, and the card offers 5% back for online and pickup orders! Worth considering if you are in an area where Walmart is your primary store for… everything haha
Good list Daniel. I'd also have to insert any number of 2% cards 😃. Rotating category cards serve their purpose but for me, most of the time, I really don't get a lot out of them unless the categories are gas or groceries and even then, I'd rather have cards cover those categories all the time.
So grocery is 10%
@@cupidok2768 ?
@@SledgeIncTeam chase freedom flex
@@cupidok2768 I thought they just changed the CFF to 5% off groceries. I've never seen 10%
@@SledgeIncTeam 5% from grocery and monthly 5%.... 5+5 =10. Can we use math instead of making spelling it out.
U only have to spend 500 on the wells fargo active cash now
Honestly think you missed the best catch all card on this list. If you have direct despot set up with Sofi their credit card offers 3% cash back on everything. And even if not it’s 2%
US Bank coming out with best card in 2022, it's the Shoppers Rewards Visa... 6% Cash back,...
Bro, you are like the people who obsess over grocery store coupons, coming up with some over the top strategy to get a few extra rewards points means you have too much free time.
I'm considering getting the city custom cash and only buying groceries as that would give 5% off up to $500 worth of groceries a month and that's about what I spend. I had originally planned to get the yearly fee American Express that offers 6% cash back at groceries but with a $98 yearly fee so the Citi Custom cash would be a better deal overall I believe.
hrmn....never thought of that. I used AMEX preferred for groceries but the savings difference is 1% per month, which is $5 times 12 months = $60 lost by Citi vs $98 yearly fee, so Citi is cheaper by $38! (98-60)
However, I DO make use of the Amex OTHER time-limited cashbacks....usually $10-$12 per special offer (ex: $5 cashback when you spend $10 at my local XYZ market or when you curbside deliviery at ABC grocery story, etc... I'd say, I save an extra $30-50 using AMEX....but that's because I take the extra time. If I got lazy, I'd lose money to Citi.
I have both cards, I may switch my usage, thanks to you!
You got everything except for US bank (/Elon small banks) max cash 5%, pnc 4% gas, costco gas 4%, paypal 3% & 2% flat
Yeah those are all cards that can easily be on this list as well!
Try Plutus, up to 8% cashback on everything
You gotta cover BILT Credit card, currently the only no fee card that gives 1% back on rent.
That's a video I definitely plan to make very soon! I think it's a great option for many people
That CCC is one of the best credit cards in the game in general!
if you're talking about the citi custom cash, i'm having problems finding its value. i'm projected to earn ~$100 at MOST for the year with it. it's a card i NEVER wanted BECAUSE i always saw it was pretty useless and only got it because citi for MONTHS kept asking me if i wanted it and now that i finally have it, it's proving to be as useless as i thought it would be.
@@fallback8314 if you think the CCC is useless then I dont think you understand how any of this works. Its basically a 5% off coupon on every tank of gas, groceries, dining, or whatever you want. How is that useless?
Hey bro
Send me a link for your max rewards referral. Love your content and I wanna use your referral once again.
8 years ago my young self was talked into a BOA travel card. It has to be one of the most useless cards out there these days. BOA is not even bothering to try and compete with other banks
What about the PayPal credit card. It does 2x on everything and 3x when you pay with PayPal. No annual fee.
Yeah that's another one that I could have included! I didn't mention it because that Amex Blue Cash Everyday gets 3x on online shopping and not just PayPal - and then there were plenty of other cards that got 2x on everything. But overall that PayPal card is another solid option!
12:48 when did that expire?
Not bashing your selection, but why isn’t BoA with Platinum Honors or higher Preferred Rewards unlimited cash or customized cash rewards on this list? If you are a BoA loyalist/have deposit and/or investments with Merrill, netting 2.62% on everything without a cap and 5.25% on a category up to $2,500 every quarter are the highest no annual fee cash back cards on the entire market.
Oh yeah no worries, I think that cash back setup beats all! But it’s so specific that I’ll have to make a separate video for it because it only applies to certain people. BoA has a great program with that though 👍
How is the CFU 3% back? Shouldn't it be 1.5*1.5 (for transferring points through CSR) = 2.25%?
The twice as much value I was referring to comes from how I redeem my points by transferring to Hyatt where I’m able to get 2 cents per point at a minimum pretty regularly - hope that clears it up! That CSR redemption you mentioned is correct as well
@@Daniel_Braun that’s fair, but probably should be mentioned in the video so that it is an accurate comparison between the different cards. Nice video btw!
@@ammarrulz he did mentioned in the video. He forgot the Unlimited has 3% categories on dining and drug stores.
Please look into the AAA travel advantage credit card. $100 sign up bonus, 5% back on gas, 3% grocery, 3% restaurants, 3% travel, no foreign transaction fees or annual fees. Their other card they offer has 5% groceries.
3% on gas
I was going to get the Amex blue cash, but the signup bonus is only $100 now.
So it's a no, because I don't need it anyway.
Oh wow yeah looks like they just changed the bonus right after I made this video! Not as good of a bonus anymore if it's lower like that
If years down the road you decide you've found a better card than your 5% back card you've been using every month for gas - do you just close the citi credit line? Is there a better route to take than closing the entire account? I heard closing a line hurts credit
One thing that works is to just stop using the card. Lots of credit card companies will close your account after about a year of inactivity.
Recommended to keep the account open but if you want to close it just close it
I would personally keep it open as it will age and improve your credit over time. There's no major benefit to closing it.
Never close your old accounts. To determine credit age is an average of years overall on all all credit cards you have. This shows you have credit for years which is great. If you close the account you lose all those years you can report therefore making you look like you are new or newer to credit. Set you card to be charged 1-3 dollars every month just to keep it open. Do not close them!
@@jacelo you lose it after a full decade. Doesnt make a huge difference. Useless cards are a pain to keep open. Close them if you want to