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.
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Updated: February 20, 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.
"Some consumers may save their credit card rewards points so that they can pay off their annual fee," says Pukas. "By switching to a card with no yearly fee, they can put those rewards to something they really want, like flights, dining out and more."
The trick is to identify whether one suits your lifestyle. Here, we look at:
Take a look at what we've learned:
An annual fee is a charge some credit cards impose, often because the card has rich rewards or benefits to offer. That said, there are cards of all types without an annual fee, so shop around. You can even find cards with which you can earn points or cash back.
A no annual fee credit card is great for someone who is looking for a balance transfer card, trying to build credit or wants a rewards card without the hassle of an annual fee. With a balance transfer card or 0% APR card, you avoid interest charges for a limited time – this may be a card you don't plan to use much in the future, so an annual fee isn't wanted. If you need a secured card or a card for bad or fair credit, you'll want to see if there is an annual fee, which can be another cost when cash is short. Many rewards cards have annual fees, but there are some without one, which is ideal if you don't plan to use the card extensively.
|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|
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