6 Best No Annual Fee Cards with Big Cash Sign Up Bonuses

While many credit cards charge an annual fee, there is a wide array of top-tier credit cards that offer users generous cash sign up bonuses all while charging a $0 annual fee. Now more than ever, there has never been a better time to get a no-fee credit card that gives you up to $200 in cash right when you sign up.

If you are looking for a credit card with a generous sign up bonus and $0 in annual fees, there are a few cards to consider.

A woman with a credit card in her hand

Bank of America Cash Rewards – $200 Bonus

Bank of America is now offering their Cash Rewards credit card with a generous $200 sign up bonus and $0 annual fee for the life of the card. Additionally, shoppers can earn 3% cash back on purchases in up to 5 different categories. (1)

Purchases from grocery stores and markets are eligible to earn 2% cash back with this card. All other purchases still earn a highly respectable 1% cash back rate. Unlike most other major credit cards, there is no expiration on your rewards either.

American Express Cash Magnet – $175 Bonus

American Express is now offering users a $175 cash bonus after spending $1,000 in purchases on their new card in the first 3 months of ownership. With a $0 annual fee, cardholders can earn 1.5% unlimited cash back on all purchases, with no category requirements or limits.

American Express also offers its cardholders generous benefits besides cash back, including access to exclusive tickets and travel discounts. The Cash Magnet credit card is an ideal option for those of us searching for the most rewards possible from a card. New accounts also get access to a 0% rate on purchases and balances in the first 15 months. (2)

Chase Freedom – $150 Bonus

With the Chase Freedom credit card, users can get a $150 cash sign up bonus after spending $500 in the first three months of your account being open. Chase also offers 5% cash back on the first $1,500 in purchase in select categories each quarter with a $0 annual fee.

Additionally, cardholders can earn a 1% cash back rate on all other purchases automatically. With Chase, your cash back benefits will never expire and there is no minimum to redeem your cash back. Users can also get access to their credit score for free directly from Chase. (2)

Capital One SavorOne – $150 Bonus

If you’re a frequent diner, the SavorOne card from Capital One is your best bet. First, the card offers a guaranteed $150 cash sign up bonus after you spend just $500 in purchases in the first 3 months of card ownership with no annual fee.

The SavorOne card offers a stunning 3% cash back on dining and entertainment while offering 2% cash back at your local grocery store. Finally, the card comes with a 1% cash back rate on all other purchases you make. There are no categories or limits placed on your cash back benefits with the SavorOne card. (2)

Wells Fargo Cash Wise Visa – $150 Bonus

Wells Fargo is now offering new signups a $150 bonus for signing up with their Cash Wise Visa, which also carries a $0 annual fee for the lifetime of the card. Now, cardholders can earn unlimited 1.5% cash back rewards on all purchases, from gas to groceries and everything in between.

Users who make purchases with Apple Pay or Google Pay can also earn a 1.8% cash back bonus during the first 12 months. You’ll also get access to a 0% APR for the first 15 months on all of your purchases.

Capital One Quicksilver Cash Rewards – $150 Bonus

Capital One, one of the oldest names in credit cards, is now offering a $150 sign up bonus for users who open a Quicksilver Cash Rewards credit card. Alongside the $150 bonus, Capital One does not charge an annual fee for using this car. Cardholders can also earn a hefty 1.5% cash back rate on every purchase, each and every day. (3)

Unlike many other credit cards, there are no rotating categories when it comes to cash back, and your rewards will never expire. For those looking to do a balance transfer, you can get a 0% APR for the first 15 months.

Final Note

Finding a credit card that rewards you for making basic life purchases can help to add some extra cash in your wallet, alongside the generous sign up bonuses all of the cards possess. If you are looking to make money and get paid a bonus for using your credit card, these cards are a smart financial move.


  1. https://www.bankofamerica.com/credit-cards/products/cash-back-credit-card/
  2. https://www.nerdwallet.com/credit-card-bonus-offers
  3. https://www.capitalone.com/credit-cards/reviews/?prodid=savorone

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