No annual fee credit cards are a good choice for people who do not want to pay an annual fee for the privilege of using a credit card. Other fees may apply, such as an annual percent rate that applies to purchases and balance transfers. The annual fee on these cards is only justified if the rewards offered by the credit card are more valuable than the annual fee. You can earn rewards by spending a lot of money in a certain category.
Discover it(r), Get Cash Back
For people who want to increase the cash they make from their spending, the Discover it(r), Cash Back credit card has no annual fees. This card gives you up to 2% cashback for purchases and payments. It also has no annual fee. There is also no annual spending limit and a sign up bonus with no fees. This card offers cashback matching, but you will need to do some work to make it work.
Chase Freedom Flex
The Chase Freedom Flex card without annual fee is a great choice for travelers looking to earn rewards points and have no monthly fees. The card earns 1 cent per point, and the points can be transferred to other Chase credit cards and airline partners for a 1:1 transfer. The card also offers cell phone protection and other benefits. Cardholders with this plan can get up to $1,000 per year of insurance in the event that there is an accident. The plan comes with a $50 deductible, and can be used for up two claims per annum.
Citi(r). Double Cash Card
Citi Double Cash Card, which has no annual fees, is one of today's best credit cards. It offers 2% cash back on purchases in certain categories. This is a great deal for anyone who loves earning cash back. The 0% APR offer on balance transfer transactions is also a bonus. For even more cashback, combine the card with Citi Rewards Cards.
Amex EveryDay (r)
The Amex EveryDay (r) no annual fee credit card and Amex EveryDay Preferred no annual fee credit cards both offer no annual fees. These cards have similar benefits and earning structure. Both cards earn two Membership Rewards points per dollar spent at U.S. supermarkets and one point for each dollar spent elsewhere. Both cards offer a 20% bonus points per billing cycle, which can be converted to cash.
Bank of America Customized cash
The Bank of America Customized Cash without annual fee card comes with a low annual fee, and a generous introductory interest rate. 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. Cardmembers who spend $1,000 on eligible purchases can now earn up to 85,000 points. These points are valid at participating Hilton properties, as well as at U.S. restaurants and supermarkets. Other eligible purchases are also eligible for 3X points.