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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 signup 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:
The information related to Discover it® Cash Back has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
The information related to Capital One® VentureOne® Rewards Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
The information related to Journey® Student Rewards from Capital One® has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.
An annual fee is a yearly charge for the privilege of using a credit card. “No annual fee credit card” simply means a credit card that doesn’t come with that fee.
Annual fees are typically found on mid-range and high-end travel cards, as the price you pay for their perks. They’re also found on cards designed for bad credit, as the price you pay for having poor credit scores (it helps alleviate risk for the card issuer).
It’s also common to find credit cards that charge an annual fee, but only after the first year. The United℠ Explorer Card (Review) is a good example. It charges: $0 introductory annual fee for the first year, then $95.
There are quite a few credit cards without annual fees, so the “best” card will be the one that fits your spending habits and lifestyle. The best no annual fee cards include:
Cash back credit cards are easy to understand — they provide a certain percentage back for every purchase you make, like 1%, 3%, even 5% or more. Our favorites include:
Travel rewards cards tend to come with annual fees, to help offset their many perks. But some have no fee, such as:
Yes — if you have fair credit, there are some credit cards without annual fees made for you.
Take a look at other cards designed for fair or average credit here.
Even if you have bad credit, you may still qualify for some no annual fee cards. Take a look at these:
For rates and fees of the American Express Cash Magnet® Card, please click here.
For rates and fees of the Hilton Honors American Express Card, please click here.
For rates and fees of the Blue Cash Everyday® Card from American Express, please click here.
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The information related to Discover it® Cash Back, Capital One® VentureOne® Rewards Credit Card, Journey® Student Rewards from Capital One®, Discover it® Secured, Discover it® Miles, Hilton Honors American Express Card, Capital One® QuicksilverOne® Cash Rewards Credit Card, Capital One® Platinum Credit Card, Discover it® Student Cash Back, Capital One® Spark® Classic for Business, Capital One® Secured Mastercard®, Citi® Secured Mastercard®, Capital One® Quicksilver® Cash Rewards Credit Card, American Express Cash Magnet® Card, Capital One® SavorOne® Cash Rewards Credit Card, Blue Cash Everyday® Card from American Express, Amex EveryDay® Credit Card, and Citi Simplicity® Card - No Late Fees Ever have been collected by Credit Card Insider and have not been reviewed or provided by the issuer or provider of these products.