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Best Credit Card Offers for Frugal Spenders

March 13, 2015
Credit Cards, Rewards Credit Cards
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  • Chase Freedom®

As a result, offers described on this page may be out of date. See our best credit cards page for updated offers.

Many frugal spenders will benefit from a credit card offer with high rewards but no annual fees. Lucky for you, the Nerds have found four cards that fit the bill. Check out our top plastic picks for small spenders.

Citi® Double Cash Card – 18 month BT offer: Cash back, then more cash back

For high cash rewards on your spending, check out the Citi® Double Cash Card – 18 month BT offer. It offers 1% cash back on every purchase when you make it, and another 1% when you pay it off, giving you yet another reason to pay off your balance in full. You can redeem rewards starting at $25 for statement credit, gift cards or check.

The Citi® Double Cash Card – 18 month BT offer has an annual fee of $0 and an introductory APR offer of 0% on Balance Transfers for 18 months, and then the ongoing APR of 13.99% - 23.99% Variable APR.

» MORE: How to maximize credit card rewards when shopping

Discover it® Miles: Rewards on every purchase go for miles

If you prefer travel rewards, the Discover it® Miles is a great option. It offers cardholders 1.5x miles on every dollar spent, redeemable for travel statement credit or cash back via direct deposit. There’s also an interesting and potentially high value promotional bonus: UNLIMITED BONUS: Only Discover will automatically match all the Miles you’ve earned at the end your first year. For example, if you earn 35,000 Miles, you get 70,000 Miles. There’s no signing up, no minimum spending or maximum rewards. Just a Miles-for-Miles match.

The card’s annual fee is $0 and there are no foreign transaction fees. You’ll also enjoy an introductory APR of 0% intro APR on Purchases for 14 months and 10.99% intro APR on Balance Transfers for 14 months, and then the ongoing APR of 11.99% - 22.99% Variable APR.

Chase Freedom®: 5% cash back — yes, 5%!

If your spending habits are in line with Chase’s bonus categories, the Chase Freedom® can net you killer rewards. It offers 5% back on rotating quarterly bonus categories (capped at $1,500 in spending per quarter), and 1% back on all other purchases. The current bonus categories are as follows:

Chase Freedom® bonus rewards categories for 2020
Q1 (Jan. 1 - March 31)• Gas stations.
• Select streaming services.
• Internet, cable and phone services.
Q2 (April 1 - June 30)• Grocery stores.
• Gym memberships and fitness clubs.
• Select streaming services.
Q3 (July 1 – Sept. 30)•
• Whole Foods Market.
Q4 (Oct. 1 – Dec. 31)TBD (In 2019, department stores, PayPal and Chase Pay.).

The card has a sweet sign-up bonus: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.

The Chase Freedom® has an annual fee of $0. There’s also a 0% APR for 15 months on purchases and balance transfers, and then the ongoing APR of 16.49% - 25.24% Variable APR.

Erin El Issa is a staff writer covering personal finance for NerdWallet. Follow her on Twitter @Erin_Lindsay17 and on Google+.

Image via iStock.