Until recently, if you wanted a credit card with really useful benefits you could generally expect to pay for it. But times change, and today many good credit cards don't charge an annual fee. That means that as long as you're not carrying a balance, you can enjoy all the benefits and rewards at no cost. If you're looking for high cash back, top rewards, insurance coverage and long 0% intro APR periods, you can get these benefits with some no annual fee cards.
If you want to improve your credit score, a no annual fee card provides a good solution to improve your credit/debt ratio or build better credit if you use it wisely. Here are our best-rated no annual fee credit cards:
Chase Freedom® is another solid cash back card that doesn't have an annual fee. You earn 5% cash back in rotating categories that change every 3 months, on up to a cap of $1,500 spent on combined purchases each quarter. As long as you sign-up for each quarterly program you will earn this bonus cash back. Unlimited 1% cash back on everything else. New sign-ups get a $150 Bonus after spending $500 on purchases within the first 3 months of account opening. You also earn a $25 Bonus by adding an authorized user and making a purchase in the first 3 months after opening your account. No annual fee. Read our Chase Freedom® review.
Chase Slate® is a good card to get if you want to transfer a balance to save on interest payments. For the first 60 days after account opening this card gives you a $0 intro balance transfer fee, so you won't have to pay a fee for balances you transfer in the first 60 days of account opening. After that you will pay a 5% balance transfer fee or a $5 minimum, whichever is greater (this is what most cards charge right from the start). You get 0% introductory APR for 15 months on purchases and balance transfers. There is a 15.74% - 24.49% variable APR (based on your credit score) on purchases and balance transfers after that. $0 annual fee. Read our Chase Slate® review.
Citi® Double Cash Card – 18 month BT offer, a partner card, gives you cash back twice. You earn unlimited 1% cash back when you buy, and then an additional 1% as you pay for those purchases. What makes this card really useful is that there is no limit to the total amount of cash back you can earn, so if you are a big spender, you earn cash back accordingly. Other good cash back cards let you earn extra cash back, but usually the bonus cash back is limited to a certain amount of purchases in a quarter or year. This card comes with 0% intro APR for 18 months on Balance Transfers, after that there is a 14.24% - 24.24% variable APR on purchases and balance transfers, depending on your creditworthiness. Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases. This card has no annual fee. Read our Citi® Double Cash Card – 18 month BT offer review.
BankAmericard Cash Rewards™ credit card is another example of a card with a lot of benefits and no annual fee. You will get a $100 online cash rewards bonus after making at least $500 or more in purchases during the first 90 days after account opening. You earn 3% cash back on gas and 2% cash back at grocery stores and wholesale clubs on the first $2,500 you spend on combined grocery store, wholesale clubs and gas purchases quarterly. All other purchases earn 1% cash rewards. No need to enroll in rewards programs to receive your cash back, and categories don't change so you always know what you're getting. You'll enjoy 0% intro APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days. Then 13.74% - 23.74% variable APR after the intro period. The balance transfer fee is 3% of each transaction, or $10 minimum. Earn a 10% customer bonus each time you redeem your cash back into a Bank of America® checking or savings account. As a Preferred Rewards client, you can increase that bonus to 25% - 75% (click "Apply Now" to learn more about Preferred Rewards). Terms and conditions apply. No annual fee. Read our BankAmericard Cash Rewards™ credit card review.
Capital One® VentureOne® Rewards Credit Card is a $0 annual fee credit card that rewards you with bonus miles. You receive a one-time bonus of 20,000 miles after you use this card to make $1,000 of purchases within 3 months of approval. That bonus is worth $200 in travel. For every $1 spent on all your purchases you earn 1.25 miles. There's no limit to the miles you can earn, and miles never expire. This card has a 0% intro APR on purchases for 12 months, and after that a 12.74% - 22.74% variable APR, depending on your credit score. This card has no balance transfer fee, only a few credit cards have this benefit. It also has no foreign transaction fees. Read our Capital One® VentureOne® Rewards Credit Card review.
Citi ThankYou® Preferred Card is another no annual fee rewards card. You earn 2 ThankYou® Points per dollar that you spend on dining (at restaurants). You also earn 2 ThankYou® Points for entertainment purchases. Earn 1 ThankYou® Point for every $1 you spend on all your other purchases. Points can be redeemed for merchandise, travel rewards and gift cards. Benefits like auto rental insurance, price protection and extended warranty for items purchased with this card make it more than just a rewards card. This card also has a bonus offer that lets you earn 15,000 bonus points after you spend $1,000 on purchases with this card in the first 3 months the account is open. This card offers a 0% intro APR on purchases and balance transfers for 12 months, after that, a 14.24% - 24.24% variable APR applies, based on your creditworthiness. This balance transfer fee is the greater of $5 or 3% of the amount of each transfer. Read our Citi ThankYou® Preferred Card review.
Citi Simplicity® Card - No Late Fees Ever is a balance transfer card that offers a 0% intro APR on purchases and balance transfers for 21 months. After that intro period there is a 14.24% - 24.24% variable APR (depending on your creditworthiness) for both purchases and balance transfers. There is a balance transfer fee of 3% of the balance you transfer or $5 minimum, whichever is greater. This card doesn't charge you any late payment fees. No annual fee. Read our Citi Simplicity® Card - No Late Fees Ever review here.
Emma Fox is a staff writer at GET.com. Email: firstname.lastname@example.org
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Cards are rated by our team based primarily on the basis of value for money to the cardholder. The GET.com team rates each card based on its annual fee, rewards, benefits, bonus, introductory APR, ongoing APR, flexibility (in how its benefits can be used and how rewards are earned and redeemed), and other card features.