You don't have to pay an annual fee to get the credit card you want. If you want decent rewards without having to spend extra money on an annual fee, then no annual fee cards are suitable for you. Find low rates, cash back, and rewards with these great cards from our partners - all with no annual fee.
See offers from our partners below.
CreditCards.com is an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which CreditCards.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. CreditCards.com does not include the entire universe of available financial or credit offers.
Updated: February 22, 2018
On the Citi® Double Cash Card:
“Given that most cardholders have a clear preference for cash back rewards with no annual fee, Citi Double Cash may be the most broadly appealing card on the market,” says personal finance journalist Lisa Gerstner. “Its total rate of 2 percent cash back on all purchases is the best you’ll find on a widely available cash back card that carries no annual fee.”
“It’s just a simple set-it-and-forget-it card that fits into most anyone’s busy lifestyle,” says CreditCards.com senior industry analyst Matt Schulz. “There’s no minimum spending threshold to meet, no rotating categories to chase. It’s just 2 percent on anything you buy, anywhere and anytime you buy it. That’s a tough combination to beat.”
The Citi Double Cash card also comes with important consumer protections and insurance products as cardholder perks, adds personal finance expert Holly Johnson. “Some of the most lucrative benefits offered include Citi Price Rewind, trip cancellation and interruption coverage, and travel accident insurance. These protections are free just for being a cardholder."’
On the Discover it® Miles Card:
If you plan to use your rewards for travel, the Discover it Miles card is one of the most generous no annual fee cards you can get – especially in the first year. The travel card offers a flat 1.5 miles for every dollar you spend and then doubles your first-year earnings. “That brings your total annual earnings to 3 percent, which is pretty sweet,” says Johnson.
“Those looking for a versatile rewards card with no annual fee can’t go wrong with the Discover it Miles card,” says CreditCards.com Editor-in-Chief Daniel P. Ray. “With double miles in the first year, you can get a big head start on that dream trip of yours.”
You don’t have to pay a high annual fee to earn a big return on a rewards credit card. Credit cards without an annual fee offer much-appreciated savings, a hassle-free experience and other benefits, say experts.
"Yearly fees prevent consumers from buying what they really want," says Julie Pukas, head of U.S. Bankcard and Merchant Solutions at TD Bank. "Our 2017 Consumer Spending Index revealed that millennials spend nearly $300 more than the average respondent on dining, a total of approximately $2,000 annually. Without the burden of an annual fee, consumers are able to spend money on the things they want while earning cash back on their purchases.
When you see the advantages of cards with annual fees, you may think that they are the way to go. But cards without an annual fee can be worth your while in the right circumstances. Here, we look at:
Take a look at what we've learned:
You can save money by avoiding an annual fee if you don’t plan to spend too high of an amount. For example, with the Blue Cash Everyday, which has no annual fee, and the Blue Cash Preferred, which has a $95 annual fee, with a $3,200 spend on groceries, the Blue Cash cards come out within a penny of each other:
Spend $3,200 a year on groceries:
|Card||Cash Back||Total Minus Annual Fee|
|Blue Cash Everyday||3% x $3,200 = $96||$96|
|Blue Cash Preferred||6% x $3,200 = $192||$97|
If you spend less, the Blue Cash Everyday is worth your while. If you spend more, then the Blue Cash Preferred is the best pick. Also, the Preferred has a higher sign-up bonus than the Blue Cash Everyday.
Take another example. The Capital One Venture Rewards has a significantly higher sign-up bonus than the Capital One VentureOne Rewards – 50,000 miles as opposed to 20,000. Also, the $95 annual fee for the Venture Rewards is waived the first year. But what about after the first year?
|Card||Rewards||Rewards Minus Annual Fee|
|VentureOne Rewards||1.25 miles x $12,750 = $159||$159|
|Venture Rewards||2 miles x $12,750 = $255||$160|
So, you see that the VentureOne Rewards is worth your while if you plan to spend less than $12,750 a year after the first year.
|Card||Annual Fee||0% Intro APR on Purchases||Regular APR|
|Capital One® VentureOne® Rewards Card||$0||12 months||13.24% - 23.24% Variable|
|Blue Cash Everyday® Card from American Express||$0||15 months||14.24% - 25.24% Variable|
|Capital One® Quicksilver® Cash Rewards Credit Card||$0||9 months||14.24% - 24.24% Variable|
|Chase Freedom Unlimited®||$0||15 months||16.24% - 24.99% Variable|
|Discover it® Cashback Match™||$0||14 months||13.24% - 24.24% Variable|
|Chase Freedom®||$0||15 months||16.24% - 24.99% Variable|
|Bank of America® Cash Rewards Credit Card||$0||12 billing cycles||14.24% - 24.24% Variable|
|Wells Fargo Cash Wise Visa® Credit Card||$0||12 months||14.24% - 26.24%* Variable|
|The Amex Everyday® Credit Card from American Express||$0||15 months||14.24% - 25.24% Variable|
|Wells Fargo Platinum Visa® Card||$0||15 months||16.40% - 26.24% Variable|
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, we ask that you do not disclose confidential or personal information such as your bank account number, phone number, or email address. Keep in mind that anything you post may be disclosed, published, transmitted or reused.
The comments posted below are not provided, reviewed or approved by the card issuers or advertisers. Additionally, the card issuer or advertiser does not assume responsibility to ensure that all posts and/or questions are answered.
See the online credit card applications for details about the terms and conditions of an offer. Reasonable efforts are made to maintain accurate information. However, all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuer's web site.
* For additional rates, fees and costs see issuer's website for detailed pricing and terms.