People who don't want to pay an annual charge for credit cards can choose no annual fee credit cards. There may be additional fees such as an annual percentage fee that is charged for balance transfers or purchases. If the rewards provided by these cards are greater than the annual fees, the annual charge on these cards can be justified. The rewards can be earned by spending large amounts of money in one category.
Find it(r), Cash Back
The Discover it(r) Cash Back no annual fees credit card is an ideal option for people who want to maximize the amount of cash they earn from their spending. You can earn as much as 2% cashback on your purchases and payments. There is no annual fee. It also has a no-fee sign-up bonus and has no annual spending cap. The cashback match program is not available to everyone.
Chase Freedom Flex
The Chase Freedom Flex credit cards with no annual fees are a great option for travelers who desire a card that earns points and has no fees. The card earns 1c per each point. You can transfer the points to other Chase credit cards, airline partners, or transfer them 1:1. The card has other benefits too, such as a cell phone protection plan. With this plan, cardholders can receive up to $1,000 in insurance per year in the event of 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 is a great no annual fee credit card. It gives you 2% cashback when you make 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. To get even more cash back you can also combine this card with other Citi rewards cards.
Amex EveryDay(r).
Both the Amex Everyday (r) credit card with no annual fee and Amex Everyday Preferred credit cards with no annual fees offer zero annual fees. Both cards offer similar benefits and earning structures. They both earn two Membership Reward points for every dollar spent at U.S. Supermarkets and one point per dollar elsewhere. Both cards come with 20% bonus points, which can be converted into cash.
Bank of America Customized Cash
The Bank of America Customized Cash No Annual Fee Card has a low annual charge and offers an attractive introductory APR. However, it has few benefits and little rewards. Its initial APR is 0% and applies to purchases as well as balance transfers.
Hilton Honors Amex
Hilton Honors Amex card is worth consideration if your frequent Hilton guest. 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. The card also offers 3X points on other eligible purchases.