Best No Annual Fee Card

Discover It Cash Back Card
  • No annual fee
  • Generous bonus offer for qualifying cardholders
  • Promotional 0% APR for 14 months
Learn more
On Card Issuer’s Secure Website
Card attributes
  • Variable APR
    13.49% - 24.49%
  • Cash Advance APR
    26.49%
  • Rewards Rate
    1.00%
  • Annual Fee
    $0
  • Intro APR
    0% on Purchases and Balance Transfers for 14 months
  • Bonus Offers
    Discover will match ALL the cash back earned at the end of your first year, automatically.
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Highlights
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate
  • Earn unlimited 1% cash back on all other purchases – automatically
  • INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically
  • Redeem cash back any amount, any time, and rewards never expire
  • Use your rewards at Amazon.com checkout
  • Receive FREE Social Security number alerts—Discover will monitor thousands of risky websites when you sign up
  • No annual fee

  • Rotating bonus categories confuse some cardholders
  • Initial credit line might be as low as $500
Details

Application Process: Apply online for a near-instant decision, or call (800) 347-0264. You typically need credit in the good to excellent range to get approved, so take some time to fix your FICO if you aren’t quite there yet.

Fees: Cardholders appreciate that this Discover card has no annual fee and no monthly maintenance fee. Balance transfers carry a 3% fee per transfer, and cash advances cost $10 or 5% of each cash advance amount, whichever is greater.

Discover kindly waives your first late payment fee. After that, expect to shell out $37 for late payments. There’s also a $37 fee for returned payments.

APR: Enjoy a 0% Intro APR for 14 months on purchases and balance transfers. After that, your rate jumps to a 13.49% to 24.49% Standard Variable Purchase APR.

Cash advances have a 26.49% APR.

Rewards: Reward amounts vary with this Discover card, but you’ll always earn at least 1% cash back on qualifying purchases. Each quarter, there are rotating categories that reward you with 5% cash back for eligible purchases.

Bonus Offers: If you have multiple credit cards, you may want to focus on this one for your first year. Discover matches all cash-back rewards from your first 12 months as a cardholder.

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