Credit cards with no annual fee are a popular choice for consumers who want to avoid the extra cost of owning a credit card. These cards offer a range of benefits and rewards without the added expense, making them an attractive option for many people. If you’re in the market for a new credit card, here are the top 5 credit cards with no annual fee and what you need to know about each one.
1. Chase Freedom Unlimited
The Chase Freedom Unlimited card is a great option for those looking for a no annual fee credit card with generous cash back rewards. Cardholders can earn 1.5% cash back on every purchase, with no limits or expiration date on rewards. In addition, new cardholders can earn a $200 bonus after spending $500 in the first three months of account opening. This card also offers a 0% intro APR for 15 months on purchases, making it a great choice for those looking to make a big purchase and pay it off over time.
2. Discover it Cash Back
The Discover it Cash Back card is another top choice for those looking for a no annual fee credit card. Cardholders can earn 5% cash back on rotating categories each quarter, up to $1,500 in purchases, and 1% cash back on all other purchases. Discover also matches all the cash back you’ve earned at the end of your first year, with no limit, making this a great option for those looking to maximize their rewards. This card also offers a 0% intro APR for 15 months on purchases and balance transfers, and no foreign transaction fees.
3. Citi Double Cash Card
The Citi Double Cash card is unique in that it offers 2% cash back on all purchases – 1% when you buy, and 1% as you pay – with no limits on the amount of cash back you can earn. This makes it an attractive option for those who want a simple cash back rewards program with no category restrictions. In addition, this card also offers a 0% intro APR for 18 months on balance transfers, allowing cardholders to transfer high-interest debt and save on interest charges.
4. Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards card offers 1.5% cash back on all purchases, with no limits and no expiration date on rewards. New cardholders can also earn a $200 cash bonus after spending $500 in the first three months of account opening. This card also offers a 0% intro APR for 15 months on purchases and balance transfers, making it a great choice for those looking to make a big purchase or transfer high-interest debt.
5. Wells Fargo Propel American Express Card
The Wells Fargo Propel American Express card is a great option for those who want a no annual fee card with generous rewards on travel, dining, and more. Cardholders can earn 3X points on eating out and ordering in, travel, gas stations, rideshares, and transit, and 1X points on all other purchases. In addition, new cardholders can earn 20,000 bonus points after spending $1,000 in the first three months of account opening. This card also offers no foreign transaction fees and a 0% intro APR for 12 months on purchases and balance transfers.
In conclusion, these are the top 5 credit cards with no annual fee, each offering a range of benefits and rewards without the added expense. Whether you’re looking for cash back rewards, generous points on travel and dining, or a simple and straightforward rewards program, there are plenty of options to choose from. Be sure to compare the features and rewards of each card to find the best fit for your specific needs and spending habits. With the right no annual fee credit card, you can enjoy the perks of owning a credit card without breaking the bank.
