Credit Cards

10 Best Credit Cards With No Annual Fee

10 Best Credit Cards With No Annual Fee 11.09.2019Leave a comment
10 Best Credit Cards With No Annual Fee

Credit cards have currently become an integral part of our routine. The tiny plastic card has become not only a source of funds for purchasing various products and services, but a means to get access to certain privileges.

With the help of simple tips, one can easily get rewards and collect points, which can later be spent on traveling or can be converted into actual money on gift cards. For instance, one can hit the jackpot while traveling, while just using an appropriate credit card by following the advice of The Points Guy.

Also, let’s not forget that credit cards can help you build a solid credit history and enjoy better loan terms.

As we can see credit cards come with various advantages, therefore some require annual fees, which should mean that the credit organizations offer some impressive perks on that product to justify the amount you will have to pay as a credit cardholder.

Nevertheless, nowadays,’ high competition pushes credit organizations to launch no-annual-fee credit cards with impressive features, advantages, and point-collection systems.

But before you start searching for “the best” offer, let’s start by defining what is “the best” for you particularly.

To better understand your credit history as well as your consumer habits, start by asking yourself a couple of simple questions like:

  • Do I spend more on groceries or prefer eating out?
  • Do I pay my bills on time or a card with no fee for late payments is a better solution?
  • Do I travel a lot and use my rewards for booking a trip?

Once you are frank and clear about your needs, you will be able to look beyond the beautiful advertisements and make the right decision. If you decide to go with this credit card, it can have many positive effects on your credit history and score. You can opt for secured credit cards, which come with no-annual-fee as well.

When you are totally confident with your preferences, let’s have a look at 10 credit cards that we think are the best ones.

Chase Freedom Unlimited ​for everyone in everyday expenses

Chase Freedom Unlimited can be an ultimate choice not only for experienced cardholders but also for those who are in search of their first credit card.

It is relatively easy to get approved for this card and to start your journey of building a solid credit history. One more important perk for those who want to benefit from the credit card but are not accustomed to planning their expenses;

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Chase Freedom Unlimited takes out the minimum spending requirements for earning bonuses.

Chase Freedom Unlimited
Chase Freedom Unlimited

There is also one more benefit that will make Chase Freedom Unlimited even more seductive. The current sign-up bonus on this credit card gives 3% cashback on your first $20,000 spent on purchases.

The sign-up bonus is available only during the first year of your card membership. So, if you spend $20,000 in your first year, you’ll earn $600.

Sounds good, doesn’t it?

Just keep in mind, that all the cashback is awarded not in actual money but in Chase Ultimate Rewards points.

Therefore, $600 here will be transferred to you your account as 60,000 points. You can cash out those points as you wish.

Nevertheless, if one is a cardholder of any of these three Chase cards:

  • the Chase Sapphire Preferred Card
  • the Chase Sapphire Reserve
  • or the Ink Business Preferred Credit Card

our advice is to combine all the acquired points across the cards and turn them into full-fledged Ultimate Rewards points.

Chase Freedom Unlimited offers:

  • The card gives 0% introductory APR for the first 15 months of your account
  • Starting from 16th months from account opening variable APR of 16.99-25.74%.
  • Balance transfer fee 3% of the amount transferred, $5 minimum
  • Free credit score report, updated weekly with Chase Credit Journey.

Chase Freedom for stable budget planners

If your expenses bear more or less frequent nature than Chase Freedom is perfect for you as you can maximize your rewards by shopping in a certain category.

Here is why; the card offers 5% cashback of up to $1,500 in combined purchases each quarter in select categories. The categories are various ranging from gas stations to grocery stores to streaming services including:

Streaming Service Including Starting Price
Netflix
Included
$10.99 - $12.99 per month
Hulu
Included
$5.99 - $11.99 per month
Sling
Included
$20 per month
Vudu
Included
$0.99 - $4.99 per movie
FuboTV
Included
$45 per month
Apple Music
Included
$9.99 per month
SiriusXM
Included
$10.99 - $20.99 per month
Pandora
Included
$4.99 - $9.99 per month
Spotify
Included
$9.99 per month

The types of categories are constantly revised. You can consult the category calendar as well as the detailed instructions of Chase Freedom credit card usage on Chase official website.

Chase Freedom
Chase Freedom

For new cardholders, Chase Freedom suggests benefiting from one more perk. After you have spent $500 during the first three months of opening your account, you will earn a $150 bonus.

Also, besides the 5% quarterly cashback, you will earn 1% unlimited cash back on all other purchases automatically. All your Cash Back rewards will be available as long as your account is open.

Let’s sum up all the features of Chase Freedom credit card,

  • You will get a 0% introductory APR for the first 15 months of your card membership,
  • After 16 months of your card membership, a variable APR of 16.99-25.74% applies,
  • With this card, you will have 3% introductory balance transfer fee when you transfer money during the first 60 days of your membership. Each transaction should be at least $5. After that, you will be charged 5% of each of your transfers, with a minimum of $5
  • Free credit score, updated weekly with Chase Credit Journey.
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Bank of America Travel Rewards credit card For Frequent Travelers

A frequent traveler’s purchases are more complex with plenty of foreign transactions, which come with extra fees.

Therefore, for travelers, who would like to benefit from each trip while saving on credit card annual fee, Bank of America Travel Rewards credit card is a perfect solution, as this card comes with several advantages aimed for travelers.

Bank of America Travel Rewards credit card
Bank of America Travel Rewards credit card

One can benefit from this card during everyday purchases, as for every dollar spent on any purchases, 1.5 points are collected, and this feature has no limit.

Moreover, if you already have an active checking or savings account at Bank of America, you will get a 10% bonus on every purchase. For Bank of America Preferred Rewards clients, the situation is even more beneficial as their bonus can reach up to 75%.

Now let’s see what benefits you can get for your travel expenses. When opening a Bank of America Travel Rewards credit card, you will get a signup bonus worth $250 in travel purchases for spending $1,000 within the first 90 days of opening your account.

All your points can be redeemed for a statement credit to pay for airplane tickets, hotel reservations, tour packages, rental cars, or luggage fees.

Bank of America Travel Rewards credit card has the following features:

  • Introductory APR is 0% on for 12 billing cycles
  • Ongoing APR: 16.99% to 24.99% variable
  • A transfer fee of $10 or 3% of the transfer amount
  • Cash Advance Fee: $10 or 3% of the cash advance.

Citi Double Cash Card For Those Who Prefer Simplicity

While this card cannot be praised for any exceptional features. However, if simplicity is what you’re searching for, it might become the best bet for you.

With Citi Double Cash Card, you will earn 2% cashback on each purchase but in a slightly smarter way. 1% is earned when you make a purchase; later another 1% will be earned when you actually pay for it.

Therefore, the cardholder will be encouraged to pay balances as quickly as possible.

Citi Double Cash Card
Citi Double Cash Card

As promised, the card offers the simplest scheme of collecting rewards without any points or additional fees. The only thing you will have to keep in mind is that you will have to accumulate at least $25 in cashback to be able to redeem it.

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In other words, this card will provide you with the stability and simplicity of usage with the following features:

  • You’ll get a 0% introductory APR on Balance Transfers for the first 18 months,
  • Starting from 19th month: variable APR will be 15.99% – 25.99% based on the creditworthiness of the cardholder

Wells Fargo Propel American Express Card For Maximalists

If you are a huge fan of making costly purchases than this is the right credit card for you. The Wells Fargo Propel American Express Card is a result of a collaboration between Wells Fargo and American Express.

But what the card stands out for is the bonus system it offers. First, the credit card offers an impressive 30.000 bonus equal to $300 in cash if you spend $3,000 on purchases within the first three months of opening your account.

Wells Fargo Propel American Express Card
Wells Fargo Propel American Express Card

You can also earn 3 points for each dollar spent on restaurants, gas stations, rideshares and transit, airplane tickets, hotel bookings, homestays, car rentals, and popular streaming services.

The rest of your purchases will not be neglected as well, as you will earn one point per dollar. Moreover, besides the fact that the card comes with no annual fee, it also has no fee for foreign transactions.

  • Introductory APR is 0% for the first 12 months
  • Ongoing APR: 15.99%-27.99% variable
  • A transfer fee of $5 or 3% of the transfer amount for 120 days from account opening; $5 or 5% after that
  • Cash Advance Fee: $10 or 5% of the cash advance​

HSBC Cash Rewards MasterCard Credit Card For Those Who Like Celebrating Anniversaries

Besides the impressive design, this card comes with an interesting bonus system. First, you will have the chance to earn introductory 3% cashback for your initial $10,000 spent on all purchases during the first 12 months from your account activation date. After a year, you will earn unlimited 1.5% cash rewards on all purchases.

But the real surprise will come once a year, as HSBC Cash Rewards MasterCard credit card will offer you 10% Anniversary Bonus on all Cash Rewards. So for example, if you earn $400 in Cash reward, you will receive an additional $40 anniversary bonus, which is a pretty nice gesture from your bank to show that it cares for you.

HSBC Cash Rewards MasterCard credit card
HSBC Cash Rewards MasterCard credit card

Here are some more features in addition to all the ones already discussed: 0% introductory APR for the first 12 months;

  • Starting from the 13th months, 15.24%, 19.24% or 25.24% variable APR.
  • No Foreign Transaction Fees.
  • $0 liability for unauthorized purchases.

Chase Ink Business Cash Credit Card For Small-Business Owners

For small-business owners, who are searching for the most suitable credit card with no annual fee, Chase Ink Business Cash Credit Card is the perfect option.

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As a current bonus, you will be able to earn $500 after spending $3,000 in the first three months of your card membership.

Chase Ink Business Cash Credit Card
Chase Ink Business Cash Credit Card

Fulfilling the minimum spending requirement should not be a problem if you have monthly expenses aimed at your business.

Afterward, each account anniversary year you will be able to earn 5% cash back on the first $25,000 spent in combined shopping for office stationery and equipment, cable and phone services.

Moreover, each account anniversary year you will earn 2% cashback on the first $25,000 spent at gas stations and restaurants. For those business owners who spend a lot on business lunch and travel a lot for business purposes, this should be very handy. You will also earn 1% cashback on all other purchases.

Here are some more of the card features that Chase Ink provides

  • Introductory APR is 0% for the first 12 months of your membership,
  • A variable of 15.24% to 21.24%
  • Balance Transfer Fee: $5 or 5% of the transfer amount
  • Cash Advance Fee: $15 or 5% of the cash advance amount

Capital One VentureOne Rewards Credit Card For Hotels.com Loyalists

For those who prefer collecting-miles as a credit card benefit, Capital One VentureOne Rewards Credit Card is a perfect option. The card comes with an impressive miles-collecting program.

The offer for new cardmembers is the possibility of earning 20,000 bonus miles after spending $1,000 on purchases during the first 3 months of opening the account, which equals to approximately $200.

Besides this quite impressive bonus, you will be able to earn 10x Venture Miles on Hotels.com bookings if paid through Hotels.com/Venture. Besides, and can earn unlimited 1.25 miles per dollar on every purchase you make.

Capital One VentureOne Rewards Credit Card
Capital One VentureOne Rewards Credit Card

In addition to all of that, Capital One has more features to offer:

  • no foreign transaction fees
  • 0% introductory APR for the first 12 months;
  • Starting from 13th month 14.24% – 24.24% variable APR
  • There are no blackout dates or limitations on airline and hotel chosen
  • Miles won’t expire as long as the account is active and there’s no limit to how many you can earn.

Capital One Secured MasterCard For Those Who Want To Build a Credit History

This card is the ultimate option for those who have just started building a credit history or need to improve it.

For new cardholders of CapitalOne Secured Mastercard credit history is of paramount importance as the minimum security deposit will be determined based on that.

Secured Mastercard® from Capital One®
Secured Mastercard®
from Capital One®

The credit limit can vary between $49, $99 or $200 for a $200. Later on, the credit cardholder will be rewarded for responsible use of the card.

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This means that for making monthly payments on time, Capital One will make an automatic credit limit increase on your account with no additional security deposit required.

You will also benefit from CreditWise, a free credit monitoring tool that helps you stay alert about your credit score.

Here are some of the card’s additional features

  • Ongoing APR: 26.99% variable
  • Foreign Purchase Transaction Fee: None

Hilton Honors American Express Card for Hilton loyalists

While having a very particular target market of Hilton loyalists, Hilton Honors American Express Card offers an impressive bonus. First, you will have the chance to collect 75,000 Hilton Honors bonus points when you spend $1,000 in the first three months of account activation.

This exceptional bonus is followed by the possibility of earning 7x points for the amount spent within the Hilton portfolio, 5x points on eating out in restaurants, shopping in supermarkets, and gas station purchases; and 3x points on the rest of your shopping. The card also comes with no foreign transaction fees.

Hilton Honors American Express Card
Hilton Honors American Express Card

Moreover, cardholders can enjoy Hilton Honors Silver status, which offers a number of privileges like no resort fees on award stays, late check-out, etc.

Last but not least, if you make $20,000 on eligible purchases with your card in one calendar year; your status can be upgraded to Hilton Honors Gold status through the end of the next calendar year.

Here are some other features of the Hilton Honors card:

  • Foreign transactions are feeless,
  • APR 17.74% to 26.74% variable

No annual fee Credit cards come with a variety of features. Therefore, if you have decided to save on the annual fee, you may still be able to benefit from plenty of offers that exist on the market.

However, the cornerstone of your decision should be based on being frank regarding your needs and consumer habits.

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Andrei Shilkov

Blog author. I am well versed in Finance and Digital Marketing. I have two bachelors degrees in Finance. Born in Russia, but later moved to the USA, to western Pennsylvania, the city of Pittsburgh. I have a Certified Public Finance Officer (CPFO) certificate. I also worked at IRS and Microsoft.

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