Credit cards with no annual fees are an excellent choice for those who don't wish to pay an additional fee each year for the privilege of having a credit card. Other fees may apply, such as an annual percent rate that applies to purchases and balance transfers. The annual fee is only justified when the rewards earned by these credit cards outweigh the cost of the card. The rewards can be earned by spending large amounts of money in one category.
Cash back with Discover it(r).
The Discover it(r- Cash Back) credit card with no annual fees is a great option for those who want maximum cashback from their spending. This card allows you to earn up to 2% cash back on purchases and payments, and charges 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 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 1 per point. Points can also be transferred to Chase credit or airline partners at a 1:1 ratio. You also get a cell phone protection plan with the card. Cardholders who have this plan can receive up $1,000 annually in insurance in case of an emergency. The plan also comes with a $50deductible that allows you to make up to 2 claims each year.
Citi(r), Double Cash Card
The Citi Double Cash Card is one of the best no annual fee credit cards available today. You can get 2% cashback on certain purchases. For anyone who likes to earn cash back, this is a great deal. Also, the 0% APR on balance transfers is a plus. To earn even more cashback you can combine the card and 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. These cards have similar benefits and earning structure. They both earn two Membership Reward points for every dollar spent at U.S. Supermarkets and one point per dollar elsewhere. Both cards offer a 20% bonus points per billing cycle, which can be converted to cash.
Bank of America Customized Money
The Bank of America Customized Cash no annual fee card has a low annual fee and offers a generous introductory APR. However, its benefits and rewards are sparse. Its introductory APR of 0% applies to purchases and balance transfers.
Hilton Honors Amex
If you're a frequent Hilton guest, the Hilton Honors Amex credit card is worth considering. For a limited time, new cardmembers can earn up to 80,000 points after spending $1,000 on eligible purchases. These points can be used in participating Hilton properties as well at U.S. grocery stores and restaurants. This card offers 3X points on all other eligible purchases.