The best rewards credit cards with no annual fee
Chase Freedom Unlimited®: This card offers 1.5% cash back on all purchases and no annual fee, making it easy to earn cash back rewards with every purchase. You can redeem your points as a statement credit or use them to buy travel booked through Chase Ultimate Rewards. The card also comes with mobile wallet capabilities so you can pay for purchases using Apple Pay and Google Pay.
Capital One Quicksilver® Cash Rewards Credit Card: Get 1.5% cash back on all purchases, plus a $100 bonus after spending $500 in the first 3 months. There’s no annual fee, and there’s no limit to how many points you can earn per year or redeem per month. Use your points to pay for every day purchases like groceries or gas, or transfer them into one of 10 other loyalty programs including Uber, Amazon and Southwest Airlines Rapid Rewards.
The best credit cards are the ones that offer perks, rewards and benefits without charging a fee. That’s why we’re always on the lookout for the best no annual fee credit cards. We’ve found some of the best options, including cash back cards, travel rewards cards and more.
Here are some of the top no annual fee credit cards:
1. Chase Freedom Unlimited®
2. Capital One Quicksilver® Cash Rewards Credit Card
3. Discover it® Cash Back
4. Citi Double Cash Card – 18 month BT offer
When you’re looking for a credit card, the first thing to consider is what kinds of rewards you want.
If you travel a lot, you may be interested in a card that gives you airline miles or hotel points. If you spend heavily on dining and entertainment, a card with cash back rewards might be right for you.
But if none of those options sounds like it’ll fit your lifestyle, there are still plenty of good options out there. Here are some of our favorites:
Chase Freedom Unlimited®
This card offers 1.5% cash back on every purchase and no annual fee — making it ideal for people who don’t want to worry about earning rewards or keeping track of them. You can earn an additional $150 bonus if you spend $500 in the first three months after opening an account.
American Express Blue Cash Preferred® Card from American Express
This card offers high rewards for groceries and gas — 6% cash back at U.S. supermarkets (up to $6,000 per year in purchases) and 3% at U.S gas stations and select U.S department stores — plus 1% everywhere else. It has an annual fee of $95, but there’s no foreign transaction fee so it’s great if
The Chase Freedom® is a cash back card that offers 1.5% cash back on all purchases, plus 5% cash back on specific categories each quarter you activate, and a $150 bonus after you spend $500 in the first three months. The card has no annual fee and a 0% intro APR on purchases and balance transfers for 15 months (then 17.24% – 25.99% Variable).
The Capital One® Quicksilver® Cash Rewards Credit Card is a flat-rate cash back credit card that offers unlimited 1.5% cash back on every purchase — no categories or signup needed. The card has an annual fee of $39 and a 0% intro APR on purchases for 12 months (then 15.21%-25.24% Variable).
The Blue Cash Preferred® Card from American Express offers 6% cash back on U.S. supermarkets up to $6,000 per year in purchases (then 1%) and 3% cash back at U.S gas stations & select U.S department stores; 2% at U.S restaurants; and 1% elsewhere; plus an annual $200 statement credit after you make $1,000 in purchases on your new Card within the first 3 months of Card Membership.. The card.
The real question is, how many of those rewards are you actually using? If the answer is “not many,” then you’re probably paying more in annual fees than you’re getting in return.
For this reason, credit cards with no annual fee are often a better deal than rewards cards. But not all no-fee cards are created equal. Some even offer perks like cash back or travel rewards. So if you don’t carry a balance on your card, which one should you choose?
We asked Money magazine’s editors to share their top picks for no-fee cards. Here’s what they said:
The Chase Slate offers a 0% intro APR on purchases and balance transfers for 15 months — one of the longest periods available on any card. You also get the benefit of lower interest rates once the introductory period ends (which happens automatically). For example, if you carry a balance of $2,000 at 19% APR without making any payments during the introductory period, you’ll pay $218 in interest over two years as opposed to $223 with other cards that charge an ongoing 17% APR after their introductory rates end. This can add up fast if you’re carrying a large balance or have had trouble paying off your bills in