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Best cash back credit card with no annual fee?
Old 07-23-2018, 06:56 PM   #1
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Best cash back credit card with no annual fee?

My current Capital One card only gives 1.5% cash back. I've been eyeballing Fidelity's 2% cash back card that will deposit the cash back directly into my Fidelity account. Any better no annual fee cards out there?
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Old 07-23-2018, 09:00 PM   #2
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I get a fair amount of card signup bonus bucks, but Fidelity is my go to for just brain dead spend and get a percentage back.
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Old 07-23-2018, 09:02 PM   #3
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Dig around on Doctor of Credit to see what you can get. I tend to stick with the Citi double discount card, but only when I am not working on a spend for a signup bonus.
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Old 07-23-2018, 09:03 PM   #4
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Yes - Fidelity for many things. It’s the fallback.

But I have a slew of cards which give higher cash back on certain categories.
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Old 07-23-2018, 09:12 PM   #5
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Best I have found is from USAA Bank - their no fee Visa Limitless Cashback Rewards cards pays 2.5% on anything and everything.
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Old 07-23-2018, 09:33 PM   #6
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Best I have found is from USAA Bank - their no fee Visa Limitless Cashback Rewards cards pays 2.5% on anything and everything.
That's no longer available, unfortunately.
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Old 07-23-2018, 09:34 PM   #7
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Old 07-23-2018, 10:27 PM   #8
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I use the fidelity 2% card for nearly everything. I don't use it overseas, though. There is a foreign transaction fee.
I'm also a fan of the fidelity debit card. All ATM fees (domestic and international) are refunded. There is a 1% fee for currency exchange when overseas, which I find acceptable. This is associated with their cash management account.
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Old 07-23-2018, 11:25 PM   #9
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Ditto on the Fidelity 2% cash back card. If you’re an Amazon Prime member, the Prime VISA card also offers 5% back on Amazon purchases and 2% back on everything else.
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Old 07-23-2018, 11:38 PM   #10
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Ditto on the Fidelity 2% cash back card. If you’re an Amazon Prime member, the Prime VISA card also offers 5% back on Amazon purchases and 2% back on everything else.
I think the Amazon 2% is just drugstores, restaurants, and gas stations
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Old 07-24-2018, 01:32 AM   #11
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Alliant Credit Union offers a Visa Signature with 3% cash back on everything and no annual fee for the first year, but this moves to 2.5% cash back and $59 annual fee thereafter. In year two, it's only better than a free 2% card if you spend more than $11,800 per year. No foreign transaction fee. This has become my default card over Fidelity.

If you don't otherwise qualify, membership is easy with a small donation to Foster Care to Success. Their online savings and free interest checking are also competitive with fast transfers so I use them as others use Ally. The website is acceptable but not pretty.
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Old 07-24-2018, 05:47 AM   #12
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We use the Citi Double Cash card... 1% when charged and another 1% when paid... ours is on auto-pay so I think of it as just 2%... on everything... no categories.

That replaced an Escape by Discover card that we had for years that was 2% on everything but had an annual fee.... when other more competitive cards came out I asked them to waive the annual fee and they couldn't.... so I moved on.
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Old 07-24-2018, 05:59 AM   #13
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PenFed power cash rewards is 2% back if you also have a PenFed checking account--1.5% otherwise.
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Old 07-24-2018, 06:25 AM   #14
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You said no fee, but don't rule out fee cards like Amex Blue without doing the math first. I pay $75/year for my Amex card but as it pays 6% back on groceries it more than makes up for the fee vs. a 1.5% back card, like my Capital One.

As they say, YMMV.
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Old 07-24-2018, 06:41 AM   #15
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Ditto on the Fidelity 2% cash back card. If you’re an Amazon Prime member, the Prime VISA card also offers 5% back on Amazon purchases and 2% back on everything else.
Have you ever had a problem with the Prime VISA? I am so tempted, but have also read a ton of negative reviews, including in the reviews for the card on the Amazon site! Most of them are about having to resolve a problem with customer support and finally giving up because it is so bad.
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Old 07-24-2018, 07:35 AM   #16
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You said no fee, but don't rule out fee cards like Amex Blue without doing the math first. I pay $75/year for my Amex card but as it pays 6% back on groceries it more than makes up for the fee vs. a 1.5% back card, like my Capital One.

As they say, YMMV.

Interesting.... looked it up and it maxes at $6K in purchases and now cost $95.... still is worth $175 net if that is all you purchase...
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Old 07-24-2018, 07:49 AM   #17
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Interesting.... looked it up and it maxes at $6K in purchases and now cost $95.... still is worth $175 net if that is all you purchase...
Wouldn't it be $265?
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Old 07-24-2018, 08:03 AM   #18
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Wouldn't it be $265?
Compared to taking 1.5% with the no-fee card mentioned. A little less if you use a 2% card some of us have found.
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Old 07-24-2018, 08:15 AM   #19
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Have you ever had a problem with the Prime VISA? I am so tempted, but have also read a ton of negative reviews, including in the reviews for the card on the Amazon site! Most of them are about having to resolve a problem with customer support and finally giving up because it is so bad.
I never had a problem with this card, so never needed to call customer support in 18 months. It is 5% on Prime purchases (including Prime membership fee), 2% on grocery, drugstore and restaurant, and 1% on everything else. I think they added Whole Foods to the 5% category.

I use Penfed Visa for 5% on gas, and alternate between Fido Visa and the Amazon Prime/Chase card for everything else. Oops, forgot Target Red Card (5%) and Lowes (4%) cash discount at the register
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Old 07-24-2018, 08:18 AM   #20
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I use the fidelity 2% card for nearly everything. I don't use it overseas, though. There is a foreign transaction fee.
I'm also a fan of the fidelity debit card. All ATM fees (domestic and international) are refunded. There is a 1% fee for currency exchange when overseas, which I find acceptable. This is associated with their cash management account.
The Fidelity Debit Card does not charge a foreign exchange fee at a foreign ATM. The 1% fee only applies at points of sale terminals overseas.
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