Credit cards with no annual fees are a popular choice for many consumers. These cards offer many of the benefits of traditional credit cards without the added cost of an annual fee, which can save cardholders money in the long run. This can be particularly useful for anyone who is just starting to build credit, those who don’t use their credit cards frequently, and anyone searching for ways to save more money.
Like many other types of credit cards, some no fee credit cards include rewards programs, such as cash back or points for every dollar spent. These rewards can quickly add up, providing cardholders with savings on their everyday purchases.
Another popular type of no-fee credit card are balance transfer cards. A balance transfer credit card with no fee provides consumers with a viable option to avoid interest on large purchases or consolidate and pay down existing debts.
When choosing a credit card with no annual fee, we always recommend reading the terms and conditions carefully before submitting an application. Be sure to check the interest rates on the cards, as some may have higher interest rates that offset the savings from not having an annual fee.
Additionally, you should always consider rewards programs or other benefits a card offer may feature.
Here’s a look at our picks for the best no annual fee credit cards:
Capital One Quicksilver Cash Rewards Credit Card: In addition to a $0 annual fee, these cards offer a variety of benefits, including a one-time cash bonus offer, unlimited cash back on all purchases, no foreign transaction fees, a complimentary six month Uber One membership, and more.
Blue Cash Everyday Card from American Express: These cards are a great option for anyone searching for a great no-fee credit card. These cards feature an expansive cash back rewards program, including cash back when paying for eligible streaming service subscriptions, and a $200 welcome bonus after you spend $2,000 in purchases within six months of opening an account.
More interested in no-fee credit cards with a zero balance transfer fee? We’ve got you covered! Here’s our top picks for the best credit card transfer offers with 0 balance transfer fees:
Discover it Balance Transfer: The Discover it Balance Transfer card offers a 0% intro APR for six months. Additionally, Discover matches your cash back rewards at the end of your first year.
BankAmericard Credit Card: In addition to a $0 annual fee, these cards include a 0% introductory APR for 21 billing cycles for purchases and for any balance transfers you make within the first 60 days.