Credit Card Insider is an independent, advertising supported website. Credit Card Insider receives compensation from some credit card issuers as advertisers. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. Credit Card Insider has not reviewed all available credit card offers in the marketplace. Content is not provided or commissioned by any credit card issuers. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. Credit Card Insider and CardRatings may receive a commission from card issuers. A list of these issuers can be found on our Editorial Guidelines.
In the market for a new, inexpensive credit card? Many card issuers provide no annual fee cards, which can be convenient, low-obligation ways to take advantage of credit card features. As long as you avoid paying interest and other fees, they can be completely free and any value you get from rewards and benefits will be all profit.
By Brendan Harkness
By Brendan Harkness
There’s a wide variety of credit cards without annual fees. They tend to be a bit more basic than cards with annual fees, but they still offer valuable rewards, benefits, and introductory APRs that make them every bit as useful as more expensive options.
Credit cards with annual fees tend to have better reward programs and extra perks. They might offer more points per dollar, bigger introductory bonuses, and better perks like lounge access and travel credits.
Still, it’s a good idea to have a no annual fee card (or a few). Many of them are perfect for everyday purchases, but they’re also handy for building credit. If you tend to go for more valuable or premium cards, no annual fee cards can serve as handy backups.
Even experienced credit card users keep cards without annual fees in their wallets. Here are some common reasons why you might want one:
Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content. Content is accurate to the best of our knowledge when it's published. Learn more in our Editorial Guidelines.