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No Annual Fee Credit Cards

4.9 4.9 - 99 reviews for top rated card

No annual fee credit cards are those that don't have yearly or monthly membership fees for at least the first year and can therefore be free to use as long as you pay your bill in full and on time every month. As such, these cards are popular for a number of reasons, including their applicability to credit building. A no fee credit card that is in good standing provides a free monthly infusion of positive information to all your major credit reports, even when you don’t use it to make purchases. However, it is important to keep in…show more

    Capital One® VentureOne® Rewards Credit Card


    capital one ventureone rewards credit card
    • 0% Purchases until February 2016
    • 0% Transfers Not Offered
    • Regular Rate 11.9% - 19.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee None
    • Rewards Miles
    • Initial Bonus 20,000 miles
    • Earn Rate 1.25 miles / $1
    • Enjoy a low intro APR on purchases until February 2016; 11.9%-19.9% variable APR after that
    • No foreign transaction fees
    • 100% free Capital One® Credit Tracker—see your monthly credit score anytime and get automatic alerts
    • $0 Fraud Liability if your card is lost or stolen.
    • 24-hour travel & emergency assistance gives you a replacement card and cash advance.
    • Auto rental insurance -- use your card to rent a car and you're covered for collision, damage, and loss.
    • Image Card -- personalize your card with an image of your choice.

    Citi® Double Cash Card


    citi double cash card
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% (min $5) Transfer Fee
    • Regular Rate 12.99% - 22.99% (V)
    Apply Now at issuer's secure site
    • Annual Fee $0*
    • Rewards Cash Back
    • Initial Bonus None
    • Earn Rate 1% - 2% cash back
    • 0% Intro APR on Balance Transfers and Purchases for 15 months. After that, the variable APR will be 12.99%-22.99%, based on your creditworthiness
    • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
    • No Annual Fee

    Capital One® Quicksilver® Cash Rewards Credit Card


    capital one quicksilver cash rewards credit card
    • 0% Purchases until November 2015
    • 0% Transfers until November 20153% Transfer Fee
    • Regular Rate 12.9% - 22.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee None
    • Rewards Cash Back
    • Initial Bonus $100
    • Earn Rate 1.5% cash back
    • 0% intro APR on purchases until November 2015; 12.9%-22.9% variable APR after that
    • Balance transfers also have a 0% intro APR until November 2015, a 3% fee applies to each balance transferred
    • Capital One® Credit Tracker — the free way to easily monitor your monthly credit score anytime, anywhere
    • Pay no annual fee or foreign transaction fees

    Blue Cash Everyday® Card from American Express


    american express blue
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% Transfer Fee
    • Regular Rate 12.99%-21.99%
    Apply Now at issuer's secure site
    • Annual Fee $0
    • Rewards Cash Back
    • Initial Bonus $100
    • Earn Rate 1% - 3% cash back
    • No annual fee. Plus, 0% intro APR on purchases and balance transfers for 15 months, then a variable rate, currently 12.99% to 21.99%, based on your creditworthiness and other factors.

    Barclaycard Arrival Plus™ World Elite MasterCard®


    barclaycard arrival world mastercard credit card
    • 0% Purchases Not Offered
    • 0% Transfers 12 months3% Transfer Fee
    • Regular Rate 14.99% or 18.99%
    Apply Now at issuer's secure site
    • Annual Fee None 1st yr, $89 after
    • Rewards Miles
    • Initial Bonus 40,000 miles
    • Earn Rate 2 miles/$1
    • Chip card for increased confidence and convenience to pay abroad as easily as you do at home
    • No foreign transaction fees on anything you buy while in another country
    • 0% introductory APR for 12 months for each Balance Transfer made within 45 days of account opening. After that, a variable APR currently 14.99% or 18.99%, depending on your creditworthiness.
    • Complimentary online FICO® Credit Score access for Barclaycard Arrival Cardmembers
    • In order to take advantage of the 0% introductory APR on balance transfers you should submit your balance transfer request within 45 days of account opening.

    Capital One® Venture® Rewards Credit Card


    capital one venture rewards credit card
    • 0% Purchases Not Offered
    • 0% Transfers Not Offered
    • Regular Rate 13.9% - 20.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee $0 for 1st yr, $59 after
    • Rewards Miles
    • Initial Bonus 40,000 miles
    • Earn Rate 2 miles / $1
    • No foreign transaction fees.
    • No annual fee for the first year; $59 after that
    • 100% free Capital One® Credit Tracker — see your monthly credit score anytime and get automatic alerts
    • Exclusive award-winning customer service.
    • Visa Signature® benefits like concierge and travel upgrades.
    • Your Visa Signature card gets you special access and preferred seating at events like the Super Bowl™ and Olympic Games™.
    • $0 Fraud Liability if your card is lost or stolen.
    • Receive complimentary upgrades and special savings at hotels, resorts, and spas with your Visa Signature card.
    • 24-hour travel & emergency assistance gives you a replacement card and cash advance.
    • 24-hour roadside assistance.
    • Auto rental insurance -- use your card to rent a car and you're covered for collision, damage and loss.
    • Image Card -- personalize your card with an image of your choice.

    Chase Freedom®


    chase freedom credit card
    • 0% Purchases 15 months
    • 0% Transfers 15 months3% (min $5) Transfer Fee
    • Regular Rate 13.99% - 22.99% (V)
    Apply Now at issuer's secure site
    • Annual Fee None
    • Rewards Cash Back
    • Initial Bonus $100
    • Earn Rate 1% - 5% cash back
    • 0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 13.99-22.99%
    • No annual fee and rewards never expire as long as your account is open

    Capital One® QuicksilverOne® Cash Rewards Credit Card


    capital one quicksilverone cash rewards credit card
    • 0% Purchases until November 2015
    • 0% Transfers until November 2015No Transfer Fee
    • Regular Rate 22.9% (V)
    Apply Now at issuer's secure site
    • Annual Fee $39
    • Rewards Cash Back
    • Initial Bonus None
    • Earn Rate 1.5% cash back
    • 0% intro APR on purchases until November 2015; 22.9% variable APR after that
    • Get access to a higher credit line after making your first 5 monthly payments on time.
    • Fraud Coverage if your card is ever lost or stolen
    • Get free access to your credit score and learn how everyday decisions can affect your score using Capital One® Credit Tracker.
    • 24-hour travel assistance gives you a replacement card and cash advance.
    • Travel accident insurance.
    • Auto rental insurance—use your card to rent a car and you’re covered for collision, damage, and loss.

    Chase Sapphire Preferred® Card


    chase sapphire preferred credit card
    • 0% Purchases Not Offered
    • 0% Transfers Not Offered
    • Regular Rate 15.99% (V)
    Apply Now at issuer's secure site
    • Annual Fee None 1st yr, $95 after
    • Rewards Points
    • Initial Bonus 40,000 points
    • Earn Rate 1 - 2 points / $1
    • No foreign transaction fees, plus Chip and Signature enabled for international travel.
    • 24/7 direct access to dedicated customer service specialists
    • Introductory Annual Fee of $0 the first year, then $95

    Barclaycard® Rewards MasterCard®


    barclaycard credit card
    • 0% Purchases Not Offered
    • 0% Transfers Not Offered
    • Regular Rate 24.99% (V)
    Apply Now at issuer's secure site
    • Annual Fee None
    • Rewards Points
    • Initial Bonus None
    • Earn Rate 1 - 2 points/$1
    • Complimentary FICO® Scores as a benefit to active card members. Opt-in to have instant and convenient access to FICO® Scores from your Barclaycard online account.
    • No annual fee.
    • Reports to all 3 major credit bureaus monthly providing you the opportunity to rebuild your credit score.

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    Ask our Experts

    EXPERT’S ANSWERS

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

    By: John Kiernan, Personal Finance Editor It’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 CEO When 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 CEO Choosing 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 CEO Annual 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.

    -- Questions --

    COMMUNITY DISCUSSION

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

     
    Nov 8, 2014
    By:

    --Comment from Gerald Zipperer--

    Nov 8, 2014
    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:

    --Comment from Marino Johns--

    Oct 14, 2014
    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:

    --Comment from John Hardy--

    Oct 7, 2014
    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:

    --Comment from Kirk Davis--

    Aug 18, 2014
    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:

    --Comment from Jason Scanlon--

    Jun 28, 2014
    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:

    --Comment from Shelia Kersey--

    May 30, 2014
    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:

    --Comment from Jay See--

    May 10, 2014
    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:

    --Comment from Sandra Evans--

    Nov 23, 2013
    What's the catch on Fair, average 0r bad credit?
    Nov 25, 2013
    Photo of Card H.
    Nov 25, 2013
    Hi Sandra. I am not sure what you're asking. Could you repeat your question please?
    Nov 11, 2013
    By:

    --Comment from Phyllis Hahn--

    Nov 11, 2013
    Low interest rate and no annual fees.
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