One of the most amazing shopping experiences is getting a cashback for shopping online. Isn’t it amazing to get a cashback when you spend? I believe you want that right? If yes then stick to this article to the end while I show you the best credit card that gives cash back-2022. Yes, you heard me right, you’ll learn about the best credit card that gives cash back without annual fees!
In this article, I’ll share some fantastic credit cards that give you a good cash back-2022 while you shop online. This card will enable you to save some money while spending.
Just in case you have never used a credit card before and you’re not sure what this cashback is and how it works, let me explain.
The cash back credit card is some kind of rewards card that offers you a deferred discount or rebate for every purchase you initiated on the card. As a user of the credit card, you’ll get a percentage back for each purchase depending on the card issuer percentage.
Based on some cards, you’ll earn the same percentage on all purchases or while on some, you’ll earn a higher percentage rate depending on the kind of purchase or the store where you shopped. A good example of where you get discounts or rebates on your credit card is paying for gas, checkouts, dining, and many more.
So the question remains, how do you get this credit card that offers cash back without an annual fee? I believe some of you will doubt if that is actually possible or not. Just keep reading as I reveal everything about these credit cards.
A lot of credit card issuers out there usually offer credit cards that require users to pay an annual fee for using their card for transactions. Does this actually mean you’ll also pay these annual fees? The answer is yes and no. Why do I say yes? a handful of these companies require you to pay an annual fee for using their cards while a few of them do not require an annual fee. Finding a company or card issuer that doesn’t require an annual fee can be difficult but I have tried to make a list of these companies that do not require annual fees.
The Best Credit Card That Gives Cash Back-2022
Below is a list of credit card companies that do not require annual fees.
- Wells Fargo Active Cash® Card
- Capital One SavorOne Cash Rewards Credit Card
- Capital One Quicksilver Cash Rewards Credit Card
- Upgrade Cash Rewards Elite Visa®
- Citi® Double Cash Card
- Discover it® Cash Back
- U.S. Bank Cash+® Visa Signature® Card
- Citi Custom Cash℠ Card
- Bank of America® Customized Cash Rewards credit card
- Chase Freedom Unlimited®
Wells Fargo Active Cash® Card
Wells Fargo Active Cash® Card comes with an amazing reward. As a user of the Wells Fargo Active Cash® Card, you’ll earn $200 cash back when you spend $1000 in your first 3 months of using the card. The card does not come with an annual fee. You’ll need a credit score of 670-850 for you to be approved to use the Wells Fargo Active Cash® Card. The card also awards you an unlimited 2% cash reward on every purchase with a regular APR of 15.74%,20.74%, or 25.74% Variable APR.
Pros of Wells Fargo Active Cash® Card.
users tend to enjoy a great value of cash reward in the long and short-run while using the card.Unlimited cash rewards can be earned. The cash reward does not expire as long as the account is in good standing
Cons Of Wells Fargo Active Cash® Card.
The balance transfer fee changes from $3-$5 within 120 days from account opening.You get to pay a transaction fee of 3% when sending or spending money abroad.
Capital One SavorOne Cash Rewards Credit Card
Capital One SavorOne Cash Rewards Credit Card is also an amazing card that allows you to earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats. You also earn an additional 5% cash back when you spend on hotels and rentals which you booked through the capital one travel. When shopping at capital one, you’ll be offered one of the best prices on any trip. When you also buy things like groceries, pay for a streaming service, entertainment or dining, you’ll earn unlimited 3%. This 3% cash back is not applicable for every store. Stores like Walmart® and Target® are excluded. You’ll also earn an additional 1% for all other purchase made with the card.
Capital One SavorOne Cash Rewards Credit Card also offers a bonus of 200$ when you spend $500 on your first 3 month of using the card. For your application to be approved for this card, you’ll need a credit score of 670-850 for you to be approved. The card also has an APR of 15.24%-25.24%.
Capital One Quicksilver Cash Rewards Credit Card
Capital One Quicksilver Cash Rewards Credit Card allows you to earn an unlimited 5% cash back whenever you spend on car rentals, hotels through Capital One Travel. You also earn an unlimed 1.5% cash back on every other purchase initiated on your card everyday. Capital One Quicksilver Cash Rewards Credit Card also allows you to earn a bonus of $200 when you spend $500 within your first 3 month of using the card without having to pay any annual fee. As an aspiring customer of Capital One Quicksilver Cash Rewards Credit Card, you’ll need to have a credit score of 670-850 for you to qualify for the card. The card also comes with an APR of 15.24%-25.24% (variable).
Upgrade Cash Rewards Elite Visa®
Upgrade Cash Rewards Elite Visa® allows new customers to earn a $200 cash back bonus on an upgrade card after opening a reward checking account and making 3 debit transaction within the first 60 days. The card allows customers to earn an unlimited 2.2% cashback on card purchase whenever the owner makes a payment. For you to get an easy approval, you’ll need to have a good credit score. Atleast from 670-850. The card’s APR is 8.99%29.99% (Variable)
Citi® Double Cash Card
Citi® Double Cash Card Is also a great credit card that does not require an annual fee. The card gives users 2% on every purchase with an unlimited 1% cash back when you buy with the card. You also get an additional 1% as you pay for those purchases. I recommend you to have from 670-850 credit score before you think about applying for the card. The card also has an APR of 14.74%-24.74% (Variable). The card does not give cashback bonus to new customers like other cards I have mentioned above.
Discover it® Cash Back
Discover it® Cash Back is a credit card that offers an unlimited Cash back Match. This Cash back match automatically match all the cashback an individual has earned over the first 12 month. The card does not require any minimum or maximum spending to qualify for this. A user of the card is entitled to earn a 5% cash back on everyday purchase at stores like Amazon.com, grocery stores, restaurants, gas stations and many more. You will also earn a 1% cash back on all other purchases you initiate using the card-automatically. The card does not require any annual fee and it has a regular APR of 12.74%-23.74%. Having a credit score from 670-850 will be great for easy approval.
U.S. Bank Cash+® Visa Signature® Card
U.S. Bank Cash+® Visa Signature® Card gives you a 5% cash back for your first $2,000 in eligible net purchase each quarter on the combined two categories you choose. When you make payment on prepaid air, hotel, car reservations booking directly from the reward travel center, youy will get a cash back of 5%. U.S. Bank Cash+® Visa Signature® Card also offers you a cashback of 2% when you’re make use of your card at Gas Stations/EV Charging Stations, Grocery Stores or Restaurants.An additional 1% is added to your cash back when you make any other eligible purchases.
The card does not require any form of annual fee and it has a regular APR of 14.74% – 24.74% (Variable). Having a credit score from 670-850 is great for application.
Citi Custom Cash℠ Card
Citi Custom Cash℠ Card requires you to have a great credit score before applying just like other cards out there. Having a credit score of 670-850 is a great start for your application. The card offers you a $200 welcome bonus when you spend $750 within the first 3 month of opening an account. This bonus is fulfilled as 20,000 Thank You Points, which you can redeem at the value of $200 cash back. The card allows you to earn 5% cash back on purchases you make in your top eligible spend category on each billing cycle, up to the first $500 spent, 1% cash back thereafter. This 1% cash is unlimited for all other purchase. The card has an APR of 14.74% – 24.74% (Variable)
Bank of America® Customized Cash Rewards credit card
Bank of America® Customized Cash Rewards credit card also require a great credit score of 670-850 in other to be qualified for the card. The card also comes with an APR of 14.74% – 24.74% Variable APR on purchases and balance transfers. As a user of this card, you’re not required to pay any annual fee. You’ll be earning a 3% cash back any of this category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases). An additional 2% cash back will be credited to you balance when you purchase at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases).
Chase Freedom Unlimited®
Chase Freedom Unlimited® allows individuals to earn a cash back of 1.5% on everything they buy (on up to $20,000 spent in the first year)- worth up to $300 cash back. Users are entitle to earn a 5% cash back on travel purchased through chase ultimate Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more. You can also earn
3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service and 1.5% on all other purchases. The card has an APR of 15.74% – 24.49% Variable and you’re not expected to pay any annual fee.
Also Read: Target credit card
Frequently Ask Questions About Credit Cards
Do credit cards offer cashback?
Yes, a lot of credit card companies out there offer cash backs on credit cards to their users. This is one of the reasons why credit cards are special compared to debit cards. It is usually an added program that most credit card companies add to their cards. Although this is a little different from travel credit cards, the cashback rewards always have a fixed value.
As a user of the credit card or a customer, you can redeem your cash back in form of gift cards, flight vouchers, or even use them to make an online purchase.
What Are The Downside Of Cash Back On Credit Card?
Anything that has an advantage surely has a disadvantage. But the case of cash back on a credit cards is different. What could go wrong if you can get a certain percentage on every transaction that takes place on your credit card. One of the most amazing things about the card is the fact that you can get some signup bonus if you’re getting it for the first time.
What are the best cashback credit cards for business?
There are so many credit cards out there that offers cash back for business. Below are the ones we can recommennd for your business.
- American Express Blue Business Cash™ Card
- Ink Business Unlimited® Credit Card
- Ink Business Cash® Credit Card
- Capital One Spark Cash Plus
Is Cash Back Free Money?
Cash back is not free money. It is a percentage of what you spend that is given back to you. This means that if you don’t spend then you’ll not earn any cash back.
What 100% cashback means?
An 100% Cash back simply means that you are getting everything you spent back. For example a card issuer might decide to give you a cash back of 50$ when you spend your first $50. In most cases, there is always a terms and condition that is attached to this kind of cashback offer.
Do Cash Backs Expires?
The expiration of a cash back depends on the type of card or the issuer. Some credit card issuers allows its holders to make use of their points indefinitely so long as the account is in good shape, while others have expiration date for unused cash back.
Below are some credit card cash back companies that don’t allow cash backs to expire.
- Wells Fargo credit card,
- American Express credit card,
- Discover credit card,
- Bank of America,
- U.S. bank,
- Barclays credit cards,
- USAA credit card
Who pays for Cash back?
Many credit card get this cash back money they offer from late payment fees by defaulters to finance the reward program.
What is the validity Period of cash back on credit card?
In the united states, most credit card cash back companies allow 36 month validity period before it expires while others do not unless the card owner decides to close the account.
Conclusion/Final Verdict
Cash Back is a great way to save while you spend on shopping. This will allow you to get back value on your spending. If you find this article helpful, don’t forget to share. This will encourage us to write more informative and educative articles like this. If you have any question or contributions, you can leave them in the comment section. We’ll try to respond as fast as we can.