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No Annual Fee Credit Cards

If given the choice between two credit cards, which are identical save for the fact that one has an annual fee and the other does not, everyone would opt for the latter option. Things aren’t always so clear-cut, however. Some of the best rewards credit cards have annual fees, for example, but their earnings easily cover the cost. It all depends on what you get in return for what you spend.

If credit building is your objective or you plan to use your card very little, then opening one of these no annual fee credit cards (some of which come…show more

    3.5 3,142 reviews

    Capital One® VentureOne® Rewards Credit Card


    capital one ventureone
    • Purchase Intro APR 0% for 12 months
    • Transfer Intro APR Not Offered
    • Regular APR 12.24% - 22.24% (V)
    • Annual Fee None
    • Rewards Rate 1.25 miles / $1
    • Rewards Bonus 20,000 miles
    • Minimum Credit Good
    • Rewards Details
    • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months of approval, equal to $200 in travel
    • Earn unlimited 1.25 miles per dollar on every purchase, every day and pay no annual fee
    • Fly any airline, stay at any hotel, anytime
    • Travel when you want with no blackout dates
    • Miles don’t expire and there’s no limit to how many you can earn
    • Additional Info
    • Enjoy a low intro APR on purchases for 12 months; 12.24%-22.24% variable APR after that
    • No foreign transaction fees
    • Fraud Coverage - You're covered by $0 Fraud Liability if your card is ever lost or stolen
    • Complimentary concierge service - Enjoy assistance 24 hours a day, from home and when you travel
    • Emergency Card Services - If your credit card is lost or stolen, you can get an emergency card replacement and a cash advance with MasterCard® Global Service
    • See More Details & Reviews About The Capital One® VentureOne® Rewards Credit Card
    4 1,497 reviews

    Citi Simplicity® Card – No Late Fees Ever


    citi simplicity
    • Purchase Intro APR 0% for 21 months
    • Transfer Intro APR 0% for 21 months 3% (min $5) Transfer Fee
    • Regular APR 13.24% - 23.24% (V)
    • Annual Fee $0*
    • Rewards Rate None
    • Minimum Credit Excellent
    • Rewards Details
    • Additional Info
    • The ONLY card with No Late Fees, No Penalty Rate and No Annual Fee…EVER
    • 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 13.24% - 23.24% based on your creditworthiness.
    • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
    • The same great rate for all balances, after the introductory period.
    • Save time when you call with fast, personal help, 24 hours a day – just say “representative”.
    • Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month.
    • See More Details & Reviews About The Citi Simplicity® Card – No Late Fees Ever
    3.5 975 reviews

    Citi® Double Cash Card – 18 month BT offer


    citi double cash card
    • Purchase Intro APR Not Offered
    • Transfer Intro APR 0% for 18 months 3% (min $5) Transfer Fee
    • Regular APR 13.24% - 23.24% (V)
    • Annual Fee $0*
    • Rewards Rate 1% + 1% Cash Back
    • Rewards Bonus None
    • Minimum Credit Good
    • Rewards Details
    • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
    • No categories to track, no caps on cash back, no annual fee*
    • Additional Info
    • Balance Transfers do not earn cash back
    • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.24% - 23.24% based on your creditworthiness
    • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
    • See More Details & Reviews About The Citi® Double Cash Card – 18 month BT offer
    3.5 3,295 reviews

    Capital One® Quicksilver® Cash Rewards Credit Card


    capital one quicksilver
    • Purchase Intro APR 0% for 9 months
    • Transfer Intro APR 0% for 9 months 3% Transfer Fee
    • Regular APR 13.24% - 23.24% (V)
    • Annual Fee None
    • Rewards Rate 1.5% Cash Back
    • Rewards Bonus $100
    • Minimum Credit Good
    • Rewards Details
    • One-time $100 cash bonus after you spend $500 on purchases within 3 months of approval
    • Earn unlimited 1.5% cash back on every purchase, every day
    • Every 10th Uber ride is free up to $15 when you pay with your Quicksilver card through March 31, 2017
    • No rotating categories or sign ups needed to earn cash rewards; plus, cash back doesn’t expire and there’s no limit to how much you can earn
    • Additional Info
    • 0% intro APR on purchases for 9 months; 13.24%-23.24% variable APR after that
    • Balance transfers also have a 0% intro APR for 9 months; 13.24%-23.24% variable APR after that; a 3% fee applies to each balance transferred
    • Pay no annual fee or foreign transaction fees
    • See More Details & Reviews About The Capital One® Quicksilver® Cash Rewards Credit Card
    3.5 1,886 reviews

    Chase Slate®


    chase slate
    • Purchase Intro APR 0% for 15 months
    • Transfer Intro APR 0% for 15 months $0 Intro Transfer Fee
    • Regular APR 13.24% - 23.24% (V)
    • Annual Fee $0
    • Rewards Rate None
    • Minimum Credit Good
    • Rewards Details
    • Additional Info
    • Chase Slate named "Best Credit Card for Balance Transfers" three years in a row by MONEY Magazine
    • $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
    • 0% Introductory APR for 15 months on purchases and balance transfers
    • Monthly FICO® Score and Credit Dashboard for free
    • No Penalty APR – Paying late won't raise your interest rate (APR). All other account pricing and terms apply
    • $0 Annual Fee
    • See More Details & Reviews About The Chase Slate®
    3.5 1,630 reviews

    Blue Cash Everyday® Card from American Express


    • Purchase Intro APR 0% for 12 months
    • Transfer Intro APR 0% for 12 months 3% (min $5) Transfer Fee
    • Regular APR 13.24% - 23.24% (V)
    • Annual Fee None
    • Rewards Rate 1 - 5% Cash Back
    • Rewards Bonus $100
    • Minimum Credit Good
    • Rewards Details
    • Special Offer - Earn 5% cash back on eligible travel purchases in the first 6 months, up to $200.
    • Plus, earn $100 back after you spend $1,000 in purchases on your new Card within the first 3 months.
    • You will receive cash back in the form of statement credits.
    • Everyday Cash Back: 3% at U.S. supermarkets on up to $6,000 per year in purchases (then 1%); 2% at U.S. gas stations; 1% on other purchases. Terms and limitations apply.
    • No rotating reward categories. No enrollment required.
    • Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit. You can only earn cash back on eligible purchases.
    • Terms and Conditions apply.
    • Additional Info
    • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 12 months, then a variable rate, currently 13.24% to 23.24%, based on your creditworthiness and other factors.
    • See More Details & Reviews About The Blue Cash Everyday® Card from American Express
    4 2,076 reviews

    Chase Freedom®


    chase freedom
    • Purchase Intro APR 0% for 15 months
    • Transfer Intro APR 0% for 15 months 5% (min $5) Transfer Fee
    • Regular APR 14.24% - 23.24% (V)
    • Annual Fee $0
    • Rewards Rate 1 - 5% Cash Back
    • Rewards Bonus $150
    • Minimum Credit Excellent
    • Rewards Details
    • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
    • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
    • Unlimited 1% cash back on all other purchases – it’s automatic
    • Enjoy new 5% categories every 3 months like gas stations, restaurants, and wholesale clubs
    • Cash Back rewards do not expire as long as your account is open
    • Additional Info
    • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 14.24-23.24%. Balance transfer fee is 5% of the amount transferred, $5 minimum
    • No Annual Fee
    • See More Details & Reviews About The Chase Freedom®
    3 1,491 reviews

    Barclaycard Rewards MasterCard®


    barclaycard credit card
    • Purchase Intro APR Not Offered
    • Transfer Intro APR Not Offered
    • Regular APR 25.24% (V)
    • Annual Fee None
    • Rewards Rate 1 - 2 points / $1
    • Rewards Bonus None
    • Minimum Credit Fair
    • Rewards Details
    • 2X points on gas, utility and grocery store (excluding Target® and Walmart®) purchases. 1x points on all other purchases
    • Points don't expire as long as account is open, active and in good standing
    • Redeem points for deposits to a U.S. checking or savings account, statement credits or gift cards, starting at 1,000 points for $10
    • No limit on the number of points you can earn or redeem
    • Additional Info
    • Free online access to FICO® Credit Score lets you keep an eye on your credit and get alerts when we learn that your score has changed
    • Use your card with confidence, $0 Fraud Liability protection means you're not responsible for unauthorized charges you report to us
    • Chip card technology, so paying for your purchases is more secure at chip-card terminals in the U.S. and abroad
    • No annual fee
    • See More Details & Reviews About The Barclaycard Rewards MasterCard®
    3.5 2,101 reviews

    Capital One® Platinum Credit Card


    capital one platinum
    • Purchase Intro APR Not Offered
    • Transfer Intro APR Not Offered
    • Regular APR 24.99% (V)
    • Annual Fee None
    • Rewards Rate None
    • Minimum Credit Limited History
    • Rewards Details
    • Additional Info
    • Pay no annual fee
    • Get access to a higher credit line after making your first 5 monthly payments on time
    • Fraud coverage if your card is lost or stolen
    • Use online banking to access your account, even from your smartphone, with our mobile app
    • Pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you
    • Get access to your account 24 hours a day, 7 days a week
    • Help strengthen your credit for the future with responsible card use
    • See More Details & Reviews About The Capital One® Platinum Credit Card
    4 5,386 reviews

    Capital One® Secured MasterCard®


    capital one secured credit card
    • Secured Credit Card Min Deposit of $49, $99 or $200
    • One-Time Fees None
    • Regular Rate 24.99% (V)
    • Annual Fee None
    • Monthly Fee None
    • Minimum Credit Bad
    • Rewards Details
    • Additional Info
    • No annual fee, and all the credit building benefits with responsible card use
    • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
    • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
    • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
    • Easily manage your account 24/7 with online access, by phone or using our mobile app
    • It’s a credit card accepted at millions of locations worldwide
    • See More Details & Reviews About The Capital One® Secured MasterCard®
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    Expert’s Answers

    Why do some of the best credit cards have annual fees?

    By: John Kiernan, Personal Finance EditorIt’s understandable if you’re confused as to why many of the credit cards catered to people with the best credit scores have annual fees. I mean, one would think that the best consumers would get the best cards and that the best cards would have no fees. While counterintuitive, some of the best credit cards have annual fees because in opening a card with an annual fee, consumers are making an implicit agreement to use their cards often. No one would want pick a fee card vs. a no fee card unless they’re planning on using it. Given that usage leads to additional revenue, banks are willing to give better rewards and benefits in return for the customer’s “commitment.” In other words, you have a win-win situation where both consumers and banks are better off.

    Are there any credit cards without fees whatsoever?

    By: Odysseas Papadimitriou, CardHub CEOWhen people talk about no fee credit cards, they usually mean those without monthly or annual membership fees. However, some consumers are interested in finding a true no fee credit card--one that doesn’t have past due fees, over-limit fees, balance transfer fees or foreign exchange fees in addition to not having membership fees. And while there are indeed certain credit cards--like the Citi Simplicity card--that are devoid of most such fees, everyone interested in one should understand two important things:

    First, if you have reason to want a card without over-limit and past due fees, you shouldn't be looking for a credit card at all because the damage you’ll do to your credit by missing payments or going over limit will surely outweigh the monetary value of any fee levied for these offenses. This is especially true in this post-CARD Act era, where penalty fees have decreased significantly, given that they must be commensurate to the offenses that caused them (e.g. if you exceed your limit by $5, the fee for doing so can be no more than $5).

    Secondly, there’s no perfect credit card. Everything has pros and cons, and credit cards with no fees across the board undoubtedly sacrifice other key account terms. This is the very reason why cards without balance transfer fees have higher transfer APRs, rewards cards without fees have less attractive perks, and so on. When looking for a card, you should therefore focus only on the attributes that will really matter, given your lifestyle and spending habits. After all, if you plan on using your card for rewards, why would you care if it has a balance transfer fee?

    What sets no annual fee credit cards apart from one another?

    By: Odysseas Papadimitriou, CardHub CEOChoosing a no annual fee credit card can be difficult, given the obvious similarities between the cards in this genre. However, the no fee card you get simply depends on how you plan to use it. If you aren’t planning on using your card at all, the exact card you get obviously doesn’t matter. On the other hand, if you’re planning on using your card to make purchases and are confident that you will be able to pay your bill in full every month, your sole focus should be on maximizing the rewards that you will earn. Lastly, should you need a way to minimize finances charges, your focus should be on finding the card with either the longest 0% introductory interest rate and/or the lowest regular APR.

    How do issuers make money off credit cards with no annual fees?

    By: Odysseas Papadimitriou, CardHub CEOAnnual and monthly fees simply represent one of a credit card company’s many revenue streams. Credit card companies also charge interchange fees to merchants whenever credit cards are swiped at their stores, assess interest to customers who do not pay their bills in full every month and apply miscellaneous fees, such as those for late payments and going over limit (if you opt-in for the ability to do so). As long as a customer actually uses his card, credit card companies therefore have a number of ways to make money off no annual fee credit cards.

    Conversely, if a customer does not use his no fee credit card, the issuer is bound to lose money, given the fixed costs of credit card operations (e.g. mailing statements, customer service, etc). That is why credit card companies highly favor membership fees. They provide a consistent, dependable source of revenue, ensuring that credit card companies will make money off their products, even when customers don’t generate any interchange fee or interest revenue.

    Community Discussion

    Ask a question or help others find the best no annual fee credit cards by sharing some tips.

     
    Jan 9, 2016
    By:
    Is there a card with no deposit and no annual fee with bad credit?
    Jan 20, 2016
    Photo of Card H.
    Unfortunately not. If you have bad credit, you can expect to pay either an annual fee or a security deposit. We recommend the latter unless you absolutely need emergency spending power because secured card deposits are refundable. You will get your money back, minus any outstanding balances, when you close your account. What’s more, secured credit cards provide the exact same credit-building benefits as unsecured cards.

    With that being said, you can compare both secured and unsecured cards for people with bad credit here: http://www.cardhub.com/credit-cards/bad-credit/ . And if you want a more-personalized recommendation, you can also try out our new CardAdvisor tool: cardhub.com/cardadvisor/ . Hope this helps. Good luck!
    Nov 2, 2015
    By:
    How to get a credit card with no annual fee for bad credit?
    Nov 14, 2015
    Photo of Card H.
    Most credit cards for bad credit charge an annual fee, but you can avoid that if you’re willing to place a refundable deposit on a secured credit card. The amount of your deposit will double as your credit line, preventing you from spending more than you can afford to pay back and allowing the issuer to charge lower fees than you’ll find on an unsecured credit card for bad credit. You will get the full amount of your deposit back, minus any unpaid balances, when you close your account.

    The particular offers that we recommend checking out are the Capital One Secured MasterCard ( http://www.cardhub.com/d/harley-davidson-secured-credit-card-444c/ ) and the Harley-Davidson Secured Card ( http://www.cardhub.com/d/harley-davidson-secured-credit-card-444c/ ), neither of which charges an annual fee. If you’re not interested in a secured card, you can find additional offers here: http://www.cardhub.com/credit-cards/bad-credit/ .
    Jul 4, 2015
    By:
    I’ve had the Citi Double Cash Card Rewards card for a few months now and so far I’ve had a good experience with it. My favorite part is obviously the fact that there is no annual fee. It’s such a waste of money to pay for annual fee when there are so many cards without one.
    Apr 23, 2015
    By:
    My favorite card without an annual fee is the American Express Blue Cash Everyday card. I use this card for almost everything from my monthly phone bill to groceries to gasoline for my car. I love that there are no special rotating categories for extra cash back. The rewards program is straightforward and I know which purchases will reap the most benefit. Most importantly the lack of an annual fee makes this card a real money saver and something everyone should have in their wallet. I don’t have a single complaint about this card. I love it!
    Mar 30, 2015
    By:
    My favorite no annual fee card is definitely the Citi Double Cash card. There isn't a single thing that I would change about it. It took me a bunch of comparing between this and another card before I finally decided on this one and I have been more than happy with my decision ever since. I'd recommend it to anyone looking for a card with no annual fee!
    Nov 2, 2015
    Photo of Terri B.
    Is your credit good or bad?
    Nov 8, 2014
    By:
    I
    chose discover card because they were gave me all the options over other cards and I just like
    their convenience, customer service and the patiencethey had with me
    Oct 14, 2014
    By:
    I currently use Macy’s AMEX and it has no annual fee. I love it because I don’t need to pay the annual fee which I think is a waste of money. There are plenty of credit cards out there that if you qualify has no annual fees whatsoever. The best part of this credit card is because it’s from AMEX, I am eligible to participate in various AMEX promos like discounts to certain stores or cash back.
    Oct 7, 2014
    By:
    I had a no fee credit card several years ago, but unfortunately, I ran into some problems with being laid off and losing my wife. It went to collections and I eventually paid it off over three years. I tried to reapply, but I was told I could not get a new one. My credit score was below 600, and I was told it would take at least five years of good credit before I could reapply. So I am doing the right things such as paying my bills on time, and balancing my check book. Maybe I’ll be able to get on top of things once again.
    Aug 18, 2014
    By:
    I have a Discover Card with no annual fee. There are no conditions that connect annual fees to spending levels. It is great not to have to worry about extra debts piling up due to fees. Along with the bonus rewards and low rates, the no annual fee makes this a very desirable card. I will never get a card with an annual fee again.
    Jun 28, 2014
    By:
    I have a Citibank Platinum Select Visa, and it has no annual fee. Whether it's a large fee billed once a year, or divided up into twelve payments once a month, not having this extra fee gives me a lot more freedom and less worry about paying off my debt. It would annoy me to get to a zero balance but still find myself charged an annual fee, and this card skips that, treating me more like a customer rather than a cash machine. To me, having an annual fee is almost like having a secured card - you end up paying for the privilege of using credit. Having a no annual fee card like mine helps my credit work for me, not against me.
    May 30, 2014
    By:
    i have a card with no annual fee.i Have to use the card for shopping so much in order not to have an annual fee.in other words at least 30 percent that I have to use my card in order not to have an annual or monthly fee.even when I use my card at an atm card machine I don't have to pay.it's been a good card and I will never change my card service as long as I don't have to have an annual fee.This card is a blessing to me and my family.
    May 10, 2014
    By:
    I have the Chase Freedom card and it's great. having no annual fees is a big selling point for me when it comes to picking out a credit card. this one also has great cash back options and bonus rewards.
    Nov 23, 2013
    By:
    What's the catch on Fair, average 0r bad credit?
    Nov 25, 2013
    Photo of Card H.
    Hi Sandra. I am not sure what you're asking. Could you repeat your question please?