Credit cards with no annual fees are an excellent choice for those who don't wish to pay an additional fee each year for the privilege of having a credit card. There may be additional fees such as an annual percentage fee that is charged for balance transfers or purchases. These cards have an annual fee that is justified only if the rewards they offer are greater than the annual fee. The rewards can be earned by spending large amounts of money in one category.
Cash back with Discover it(r).
The Discover it(r), cash back credit card without annual fees is the best option for people who want more from their spending. The card offers a 2% cashback on purchases and payments and has no annual fees. You also get a free sign-up bonus, and there is no annual spending cap. This card offers cashback matching, but you will need to do some work to make it work.
Chase Freedom Flex
The Chase Freedom Flex no annual fee credit card is a great choice for travelers who want a no-fee card that earns rewards points. The card earns 1c per each point. You can transfer the points to other Chase credit cards, airline partners, or transfer them 1:1. There are other benefits, including a cell telephone protection plan. With this plan, cardholders can receive up to $1,000 in insurance per year in the event of an accident. This plan includes a $50deductible and allows for up to two claims each year.
Citi(r) Double-Cash Card
Citi Double Cash Card is a great no annual fee credit card. You can get 2% cashback on certain purchases. For anyone who likes to earn cash back, this is a great deal. Also, the 0% APR on balance transfers is a plus. To earn even more cashback you can combine the card and other Citi rewards cards.
Amex EveryDay (r)
Amex EveryDay (r), no annual credit card fee, and Amex EveryDayPreferred credit cards have no annual fees. These cards are similar in terms of earning structure and benefits. Both cards earn two Membership Rewards points per dollar spent at U.S. supermarkets and one point for each dollar spent elsewhere. Both cards provide 20% bonus points per billing cycle that can be converted to cash.
Bank of America Customized Money
The Bank of America Customized Cash No Annual Fee Card has a low annual charge and offers an attractive introductory APR. But, the benefits and rewards it offers are very limited. Its initial APR is 0% and applies to purchases as well as balance transfers.
Hilton Honors Amex
If you're a frequent Hilton guest, the Hilton Honors Amex credit card is worth considering. New cardmembers will be able to earn up to 80,000 points if they spend $1,000 on eligible purchases for a limited period. These points can also be used at U.S.-based restaurants and supermarkets. This card offers 3X points on all other eligible purchases.