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Credit Cards

The best cash-back credit cards with no annual fee of March 2024

CNBC Select analyzed the best cash-back credit cards with no annual fee to save on your expenses.

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Cash-back credit cards can be a great way to make money off your normal spending, but if you don't want to pay an annual fee to reap rewards, there are plenty of options without a yearly charge.

To help you get the right card for your needs, CNBC Select analyzed 44 popular cash-back cards without an annual fee using an average American's annual spending budget and digging into each card's perks and drawbacks to find the best of the best based on your consumer habits.

Below are our top ten picks for cash-back credit cards with no annual fee. It's no wonder these cards are popular choices as you can potentially earn hundreds of dollars in cash back by simply using one of these cards for your everyday purchases.

Best no annual fee cash-back credit cards of 2024

Best overall

Chase Freedom Unlimited®

On Chase's Secure site
  • Rewards

    Enjoy 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery services, 6.5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; and 3% cash back on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.

  • Welcome bonus

    INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!

  • Annual fee

    $0

  • Intro APR

    0% for the first 15 months from account opening on purchases and balance transfers

  • Regular APR

    20.49% - 29.24% variable

  • Balance transfer fee

    Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that, either $5 or 5% of the amount of each transfer, whichever is greater.

  • Foreign transaction fee

    3% of each transaction in U.S. dollars

  • Credit needed

    Excellent/Good

  • Member FDIC. Terms apply.

Pros

  • No annual fee
  • Rewards can be transferred to a Chase Ultimate Rewards card
  • Generous welcome bonus

Cons

  • 3% fee charged on foreign transactions

Who's this for? Consumers who want a robust rewards card with no annual fee should consider the Chase Freedom Unlimited® Card. It offers a generous welcome offer: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year). That means 6.5% cash back on travel purchased through Chase Ultimate Rewards®, 4.5% cash back on drugstore purchases and dining at restaurants (including takeout and eligible delivery service), and 3% on all other purchases (on up to $20,000 spent in the first year).

Cardholders can benefit from a 0% intro APR for the first 15 months from account opening on new purchases and balance transfers (after, 20.49% - 29.24% variable APR). There's an intro balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that, it's either $5 or 5% of the amount of each transfer, whichever is greater.

Runner-up

Citi Double Cash® Card

  • Rewards

    Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. To earn cash back, pay at least the minimum due on time. Plus, for a limited time, earn 5% total cash back on hotel, car rentals and attractions booked on the Citi Travel℠ portal through 12/31/24

  • Welcome bonus

    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.

  • Annual fee

    $0

  • Intro APR

    0% for the first 18 months on balance transfers; N/A for purchases

  • Regular APR

    19.24% - 29.24% variable

  • Balance transfer fee

    For balance transfers completed within 4 months of account opening, an intro balance transfer fee of 3% of each transfer ($5 minimum) applies; after that, a balance transfer fee of 5% of each transfer ($5 minimum) applies

  • Foreign transaction fee

    3%

  • Credit needed

    Fair/Good/Excellent

  • See rates and fees, terms apply.

Pros

  • 2% cash back on all eligible purchases
  • Simple cash-back program that doesn't require activation or spending caps
  • One of the longest intro periods for balance transfers at 18 months

Cons

  • 3% fee charged on purchases made outside the U.S.
  • Estimated rewards earned after 1 year: $443
  • Estimated rewards earned after 5 years: $2,213

Who's this for? Those who want to earn cash back without a lot of fuss should consider the Citi Double Cash® Card.

You can earn 2% cash back on all purchases — 1% when you make a purchase and an additional 1% when you pay your credit card bill. Cardholders can redeem the cash back for statement credits or a check.

The card is also good for anyone looking to consolidate their debt: The Citi Double Cash Card offers an introductory 0% intro APR for the first 18 months on balance transfers (then 19.24% - 29.24% variable APR). There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first four months of account opening. After that, your fee will be 5% of each transfer (minimum $5). And if you have debt on another Citi-branded card, you can't transfer it to the Double Cash card.

Best for 0% APR

Wells Fargo Active Cash® Card

On Wells Fargo's secure site
  • Rewards

    Unlimited 2% cash rewards on purchases

  • Welcome bonus

    Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months

  • Annual fee

    $0

  • Intro APR

    0% intro APR for 15 months from account opening on purchases and qualifying balance transfers; balance transfers made within 120 days qualify for the intro rate

  • Regular APR

    20.24%, 25.24%, or 29.99% Variable APR on purchases and balance transfers

  • Balance transfer fee

    3% intro for 120 days from account opening then BT fee of up to 5%, min: $5

  • Foreign transaction fee

    3%

  • Credit needed

    Excellent/Good

See rates and fees, terms apply.

Pros

  • Unlimited cash rewards
  • $200 cash rewards welcome bonus
  • No annual fee
  • Introductory APR period for first 15 months
  • Access to Visa Signature® Concierge
  • Get up to $600 cell phone protection (subject to a $25 deductible)

Cons

  • 3% fee charged on foreign transactions

Who's this for? The Wells Fargo Active Cash® Card is ideal for those who want to earn cash rewards, but might need more time to pay off their credit card balance.

Cardholders can take advantage of a 0% intro APR on purchases and qualifying balance transfers for 15 months from account opening (20.24%, 25.24% or 29.99% variable APR thereafter). For a balance transfer to qualify for the intro APR, it must be made within 120 days from account opening, and an intro balance transfer fee of 3% of the amount transferred applies ($5 minimum). The standard balance transfer fee for transfers you make after 120 days is 5% of the amount transferred ($5 minimum).

This card earns 2% cash rewards back on all purchases. Plus, if you pay your monthly cell phone bill with this card, you can qualify for cell phone protection. This coverage has a $25 deductible and covers up to $600 per claim, with a maximum of two claims per year.

Best for rotating bonus categories

Chase Freedom Flex℠

  • Rewards

    5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate (then 1%), 5% cash back on travel booked through the Chase Ultimate Rewards®, 3% on drugstore purchases and on dining (including takeout and eligible delivery services), 1% cash back on all other purchases

  • Welcome bonus

    Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Plus, earn 5% cash back on combined gas station and grocery store purchases (excluding Target and Walmart) on up to $12,000 spent in the first year.

  • Annual fee

    $0

  • Intro APR

    0% for the first 15 months from account opening on purchases and balance transfers

  • Regular APR

    20.49% - 29.24% variable

  • Balance transfer fee

    Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that, either $5 or 5% of the amount of each transfer, whichever is greater.

  • Foreign transaction fee

    3%

  • Credit needed

    Excellent/Good

  • Member FDIC. Terms apply. Information about the Chase Freedom Flex℠ has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

Pros

  • No annual fee
  • Generous welcome bonus
  • Opportunity to earn up to 5% cash back in select categories upon activation
  • Rewards can be transferred to a Chase Ultimate Rewards card

Cons

  • Bonus categories must be activated each quarter
  • 3% fee charged on foreign transactions

Who's this for? If you're looking to maximize rewards, consider a rotating bonus category card like the Chase Freedom Flex℠. This card offers 5% cash back on combined gas station and grocery store purchases (excluding Target and Walmart) on up to $12,000 spent in the first year. Check out the full Chase Freedom cash-back calendar.

In addition to rotating rewards, you can earn 5% cash back on travel booked through the Chase Ultimate Rewards® portal, 3% cash back on dining at restaurants and at drug stores and 1% cash back on all other purchases.

You can benefit from World Elite Mastercard benefits, such as cell phone protection and Fandango credits. Plus, the Freedom Flex card has no annual fee and offers a competitive 0% intro APR for the first 15 months from account opening on new purchases and balance transfers (after, 20.49% - 29.24% variable APR). There's an intro balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that, it's either $5 or 5% of the amount of each transfer, whichever is greater.

Best for online shopping

PayPal Cashback Mastercard®

Information about the PayPal Cashback Mastercard® has been collected independently by CNBC Select and has not been reviewed or provided by the issuer of the card prior to publication.
  • Rewards

    Earn 3% cash back* on PayPal purchases and 2% on all other purchases

  • Welcome bonus

    None

  • Annual fee

    $0

  • Intro APR

    None

  • Regular APR

    20.24%– 32.24% Variable, rates as of 9/1/2023

  • Balance transfer fee

    None

  • Foreign transaction fee

    3%

  • Credit needed

    Excellent/Good

*Terms apply.

Pros

  • 3% cash back* on PayPal purchases and competitive 2 % on all other purchases
  • Rewards can be redeemed at any amount, without the typical $25 minimum
  • Easily integrates with your PayPal account
  • No fee on purchases made outside the U.S.

Cons

  • Cash-back redemptions are limited to deposits to your PayPal account, your linked bank account or debit card
  • No introductory 0% APR for purchases or balance transfers
  • No welcome bonus, so you can’t maximize rewards during the first few months of card opening

Who's this for? Fans of PayPal and frequent online shoppers will want to check out the PayPal Cashback Mastercard®. It earns 3% cash back on PayPal purchases and 2% on all other purchases. A PayPal account is required to open this card, but if you don't have one yet, no worries — accounts are free.

This card links to your PayPal account, which is great if you're a fan of the platform since your rewards can be applied directly to your PayPal balance. But this may be a hassle for people who don't like PayPal or want other cash-back redemption options, such as gift cards and travel rewards. On the other hand, it's great for fans of online shopping, as PayPal is accepted by millions of online retailers.

Unfortunately, this card doesn't offer any welcome bonus or introductory 0% APR offers.

Best for dining

Capital One SavorOne Cash Rewards Credit Card

On Capital One's secure site
  • Rewards

    Earn 10% cash back on purchases made through Uber & Uber Eats, plus complimentary Uber One membership statement credits through 11/14/2024, 8% cash back on Capital One Entertainment purchases, earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel; Terms apply, 3% cash back on dining and at grocery stores (excluding superstores like Walmart® and Target®), 3% cash back on popular streaming services and entertainment, and 1% cash back on all other purchases

  • Welcome bonus

    Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening

  • Annual fee

    $0

  • Intro APR

    0% intro APR on purchases and balance transfers for 15 months

  • Regular APR

    19.99% - 29.99% variable 

  • Balance transfer fee

    3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

  • See rates and fees, terms apply.

Pros

  • 3% cash back on dining and entertainment purchases
  • Ability to redeem rewards at any amount, unlike some other cards with $25 minimums
  • Competitive special financing offer on both new purchases and balance transfers
  • No fee charged on purchases made outside the U.S.

Cons

  • 3% balance transfer fee on the amounts transferred within the first 15 months

Who's this for? Foodies and entertainment junkies can maximize rewards with the Capital One SavorOne Cash Rewards Credit Card, which provides one of the highest cash-back rates on dining and entertainment purchases at 3%.

Plus, this card has one of the best welcome bonuses on the market: If cardholders spend $500 within the first three months of account opening, they earn a one-time $200 cash bonus.

Additionally, cardholders who need to finance upcoming purchases or refinance debt can benefit from a 0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; balance transfer fee applies (3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time; see rates and fees). Capital One notes on its site that this is a card for people with excellent credit (read more about credit scores here).

The SavorOne Cash Rewards Card also offers a slew of other perks, such as access to exclusive entertainment events (concerts, food experiences, sporting events) and no foreign transaction fees (see rates and fees).

Best for groceries

Blue Cash Everyday® Card from American Express

On the American Express secure site
  • Rewards

    3% cash back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%, 3% cash back at U.S. gas stations, up to $6,000 per year, then 1%, 3% cash back on U.S. online retail purchases, on up to $6,000 per year, then 1%. Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits or at Amazon.com checkout.

  • Welcome bonus

    Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.

  • Annual fee

    $0

  • Intro APR

    0% intro APR for 15 months on purchases and balance transfers, from the date of account opening

  • Regular APR

    19.24% - 29.99% variable

  • Balance transfer fee

    Either $5 or 3% of the amount of each transfer, whichever is greater.

  • Foreign transaction fee

    2.7%

  • Credit needed

    Excellent/Good

See rates and fees, terms apply.

Pros

  • 3% cash back at U.S. supermarkets (up to $6,000 a year, then 1%)
  • 3% cash back at U.S. gas stations, (up to $6,000 per year, then 1%)
  • Amex Offers, which provide statement credits or opportunity to earn more rewards at select merchants

Cons

  • 2.7% fee on purchases made abroad
  • Not great for people who don’t regularly go grocery shopping
  • Estimated rewards earned after 1 year: $547
  • Estimated rewards earned after 5 years: $1,935

Rewards totals incorporate the points earned from the welcome bonus

Who's this for? The Blue Cash Everyday® Card from American Express is a competitive no-annual-fee card* for grocery shoppers. You earn 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).

You can also earn 3% cash back at U.S. gas stations, (on up to $6,000 in purchases per year, then 1%), and a standard 1% cash back on all other eligible purchases.

This card comes with access to Amex Offers, which provides statement credits or a chance to receive additional rewards when shopping at select retailers. These limited-time offers are location-based and additional terms apply.

You can also use this card to finance new purchases thanks to a 0% intro APR offer on purchases and balance transfers for the first 15 months from the date of account opening (then, 19.24% - 29.99% variable APR; there's a balance transfer fee that's either $5 or 3% of the amount of each transfer, whichever is greater). Balance transfers must be requested within 60 days of account opening. (*See rates and fees)

This card is also a good alternative to its counterpart, the Blue Cash Preferred® Card from American Express, which offers 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%) — but with a $0 intro annual fee for the first year (then $95). (See rates and fees.)

Best credit union

PenFed Power Cash Rewards Visa Signature® Card

On PenFed's secure site
  • Rewards

    1.5% cash back on all purchases, 2% cash back on all purchases for PenFed Honors Advantage members

  • Welcome bonus

    $100 statement credit when you spend $1,500 in the first 90 days of account opening

  • Annual fee

    $0

  • Intro APR

    0% introductory APR for 12 months on balance transfers made in the first 90 days after account opening.*

  • Regular APR

    17.99% variable on purchases; 17.99% non-variable on balance transfers

  • Balance transfer fee

    3%

  • Foreign transaction fee

    None

  • Credit needed

    Good/Excellent

Terms apply.

Pros

  • 2% cash back on all purchases for PenFed Honors Advantage members
  • Welcome bonus, which is hard to find among flat-rate cash-back cards with no annual fee
  • No bonus category activations or limits to the amount of cash back you can earn

Cons

  • 3% balance transfer fee
  • Credit union membership is required
  • Estimated cash back earned after 1 year: $543
  • Estimated cash back earned after 5 years: $2,313

Rewards totals incorporate the points earned from the welcome bonus and assumes you're a PenFed Honors Advantage member, earning 2% cash back

* 0% introductory APR for 12 months on balance transfers made in the first 90 days after account opening. After that, the APR for the unpaid balance and any new balance transfers will be a non-variable rate of 17.99%. 3% balance transfer fee per transaction. Subject to credit approval. If you take advantage of this balance transfer, you will immediately be charged interest on all purchases made with your credit card unless you pay the entire account balance, including balance transfers, in full each month by the payment due date.

Who's this for? The PenFed Power Cash Rewards Visa Signature® Card is a solid card for someone interested in being a part of a credit union. With this card, you can earn a $100 bonus after you spend $1,500 in the first 90 days from account opening. Cardholders get 1.5% cash back on all purchases, but that increases to 2% cash back on every purchase if you're a PenFed Honors Advantage member (which requires a qualifying checking account or military affiliation).

Anyone can join the PenFed Credit Union by applying, opening a savings account with a $5 deposit and maintaining a $5 account balance.

To earn the higher cash-back rate, you need to become an Honors Advantage member in one of several ways: be in an active military service status, a member of the Reserves or National Guard, an honorably discharged U.S. military veteran or retired from such service; be the primary owner on both the credit card and checking accounts of any existing open PenFed product (excluding PenCheck Limited accounts); or open a new Access America checking account (which requires a daily balance or monthly direct deposit of $500 or more to waive the $10 monthly service fee).

Cardholders can redeem their cash back for statement credits, deposit it into their PenFed account or transfer it to another financial institution.

Best for flexible bonus categories

Citi Custom Cash® Card

On Citi's secure site
  • Rewards

    5% cash back on purchases in top eligible spend category each billing cycle, up to the first $500 spent (then 1%); unlimited 1% cash back on all other purchases

  • Welcome bonus

    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.

  • Annual fee

    $0

  • Intro APR

    0% APR on balance transfers and purchases for first 15 months

  • Regular APR

    19.24% - 29.24% variable

  • Balance transfer fee

    5% of each balance transfer ($5 minimum)

  • Foreign transaction fee

    3%

  • Credit needed

    Excellent, Good, Fair

  • See rates and fees. Terms apply.

Who's this for? The Citi Custom Cash® Card is ideal for those whose spending habits may change from month to month but still want to maximize their spending. Cardholders automatically earn 5% cash back on their top eligible spending categories, up to the first $500 spent (then 1%), each billing cycle in the form of ThankYou® Points.

Unlike some other 5% cash-back cards, you don't need to go through the hassle of activating any bonus categories with the Citi Custom Cash. There are 10 eligible spending categories for the bonus, including restaurants, gas stations, select streaming services and others.

The card also offers a decent welcome bonus of $200 cash back after spending $1,500 on purchases within the first six months of account opening.

Pro tip: Although billed as a cash-back card, if you have the Citi Premier® Card, you'll be able to transfer your Citi ThankYou Rewards to any of Citi's 16 airline and hotel partners. (See rates and fees)

Best for no foreign transaction fees

Alliant Cashback Visa® Signature Credit Card

Information about the Alliant Cashback Visa® Signature Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the cards prior to publication.
  • Rewards

    2.5% cash back on your first $10,000 of qualifying eligible purchases (1.5% for purchases over $10,000)

  • Welcome bonus

    None

  • Annual fee

    $0

  • Intro APR

    None

  • Balance transfer fee

    3%

  • Regular APR

    17.49% to 27.49% variable

  • Foreign transaction fee

    None

  • Credit needed

    N/A

Terms apply.

Who's this for? The Alliant Cashback Visa® Signature Credit Card is a straightforward card that offers a substantial return on everyday purchases. Cardholders earn a whopping 2.5% cash-back on the first $10,000 of qualifying eligible purchases (1.5% for purchases over $10,000).

The card is especially great for travelers as it doesn't charge foreign transaction fees. It also comes with travel benefits like emergency card replacement, travel accident coverage, roadside assistance and auto rental collision damage waiver.

To qualify for this card, you have to become a member of Alliant Credit Union and open an Alliant bank account. If you don't qualify for membership based on location, job or family member, you can join Alliant for free by supporting Alliant's partner charity, Foster Care to Success, since Alliant pays the $5 membership fee on your behalf.

FAQs

No annual fee means that you will not be charged an annual fee for simply holding a credit card. Many high-end rewards credit cards charge annual fees, which you'll need to pay to keep the account open.

An annual fee is worth it when you're able to extract more value from the card than you pay for the annual fee. For example, if you earn $500 per year in cash back from a card with a $95 annual fee, then it'll be worth it to pay the annual fee since you're coming out $405 ahead.

Credit cards with annual fees typically earn more rewards and may have other benefits, like travel credits and airport lounge access, than those with no annual fee. This fee is charged so credit card issuers can offset the cost of the rewards issued.

Many credit cards for bad credit have no annual fee.

Just because a credit card has no annual fee doesn't mean it's not worth it. Some no-fee credit cards can offer great value.

While cash-back credit cards are easy to use and earn rewards, they also come with some disadvantages, such as high APR rates, which can be risky if you don't pay off your balance in full every month.

Using cash-back does not hurt your credit score as the main factors that impact your score are payment history, length of credit history, the type of credit you use, amounts owed and new credit you apply for

Bottom line

Cashback credit cards are a solid way to save on your everyday purchases without any hassle of redeeming rewards for travel. And the best part is that cash-back rewards aren't taxable, according to the IRS. So you can take those savings and deposit them directly into your emergency fund or even further pad your brokerage account.

Find the best credit card for you by reviewing offers in our credit card marketplace or get personalized offers via CardMatch™.

Why trust CNBC Select?

At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card productsWhile CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best cash-back credit cards with no annual fee.

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Our methodology

To determine which cards offer the best value, CNBC Select analyzed over 44 of the most popular cash-back credit cards available in the U.S. that don't come with an annual fee. We excluded cards that have no annual fee but require a membership fee.

We compared each card on a range of features, including cash-back rewards, welcome bonus, introductory and standard APR, balance transfer fee and foreign transaction fees, as well as factors such as required credit score and customer reviews when available. We also considered additional perks, application process and how easy it is for the consumer to redeem points.

CNBC Select teamed up with location intelligence firm Esri. The company's data development team provided the most up-to-date and comprehensive consumer spending data based on the 2019 Consumer Expenditure Surveys from the Bureau of Labor Statistics. You can read more about their methodology here.

Esri's data team created a sample annual budget of approximately $22,126 in retail spending. The budget includes six main categories: groceries ($5,174), gas ($2,218), dining out ($3,675), travel ($2,244), utilities ($4,862) and general purchases ($3,953). General purchases include items such as housekeeping supplies, clothing, personal care products, prescription drugs and vitamins, and other vehicle expenses.

Select used this budget to estimate how much the average consumer would save over a year, two years and five years, assuming they would attempt to maximize their rewards potential by earning all welcome bonuses offered and using the card for all applicable purchases. All rewards total estimations are net the annual fee.

It's important to note the value of a point or mile varies from card to card and based on how you redeem them. When we calculated the estimated returns, we assumed that cardholders are redeeming points/miles for a typical maximum value of 1 cent per point or mile. (Extreme optimizers might be able to achieve more value.)

Our final picks are weighted heavily toward the highest five-year returns, since it's generally wise to hold onto a credit card for years. This method also avoids giving an unfair advantage to cards with large welcome bonuses.

While the five-year estimates we've included are derived from a budget similar to the average American's spending, you may earn a higher or lower return depending on your shopping habits.

Catch up on CNBC Select's in-depth coverage of credit cardsbanking and money, and follow us on TikTokFacebookInstagram and Twitter to stay up to date.

For rates and fees of the Blue Cash Everyday® Card from American Express, please click here.

For rates and fees of the Blue Cash Preferred® Card from American Express, please click here.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
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