Best Credit Card No Annual Fee

Best Credit Card No Annual Fee

Here we have researched and compiled for you all the Best Credit Card No Annual Fee from which you can select the best suitable card for you. There are cards that comes with Reward Points and some with Cash Back option. You can also check out their Joining Bonus, Intro APR, Regular APR, Cashback Rate or Reward Rate, Benefits, Pros and Cons.

 

  • Ink Business Cash Credit Card

Annual Fee: 0$

Joining Cash Back: Get $500 Cash Back Bonus when you spend $3000 in first 3 months after joining.

Intro APR: 0%

Balance Tranfer Rate: 0%

Regular APR: 14.74%–20.74% Variable APR

Minimum Credit Score Required: Good

Best For: Small Business Purchases

Cash Back Rate:
– 5% cash back on internet, phone and cable services every year up to $25,000.
– 2% cash back on purchases at restaurants and gas station every year up to $25,000.
– 1% Cash Back on every other purchases.

Benefits:

1. This Card has been named “Best Rewards Card for Small Business Owners”.

2. You can get Employee cards at no extra cost.

3. You can redeem for Cash Back Rewards and they don’t expire till the life of your account.

4. Purchase protection

5. Auto rental collision damage waiver

6. Extended warranty

7. Zero liability

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  • Chase Freedom

Joining Bonus: $150 after you spend $500 from card within first 3 months from opening of account.

Annual Fee: 0$

Intro APR: 0% for 15 months on Balance Transfer

Balance Transfer Fee: 5%

Regular APR: 16.49%–25.24% Variable APR

Minimum Credit Score Required: Good

Best For: Small Business Purchases

Minimum Credit Score Required: Good

Cash Back Rate:
– 5% cash back on internet, phone and cable services every year up to $25,000.
– 2% cash back on purchases at restaurants and gas station every year up to $25,000.
– 1% Cash Back on every other purchases.

Features and Benefits:

1. Foreign Transaction Fee is 3%.

2. Receive 5% Cash Back of up to $1,500 in Bonus Categories purchases every quarter.

3. Receive 1% Cash Back on every other purchases.

4. No Minimum Points to redeem for cash back

5. There is no expiry of cashback till the account’s life.

6. Rewards are transferrable to other Chase Cards in the Chase Ultimate Rewards Program.

 

  • Chase Freedom Unlimited® Card

Joining Bonus: $150 after you spend $500 from card within first 3 months of joining i.e. 15,000 Bonus Points.

Annual Fee: 0$

Intro APR: 0% for 15 months on Balance Transfer

Balance Transfer Fee: 5%

Regular APR: 16.49%–25.24% Variable APR

Minimum Credit Score Required: Good

Best For: Small Business Purchases

Minimum Credit Score Required: Good

Cash Back Rate: 3% cash back for first year and after that 1.5% Cash Back on all purchases

Minimum Credit Score Required: Good or Excellent

Features and Benefits:

1. Earn Unlimited 1.5% Cash Back on all purchases automatically.

2. There is no need of minimum miles for cash back redemption.

3. This card is best for you if you are looking for best all round cash back.

4. Your Cash Back Reward will not expire until the life of your account.

5. Your Credit Score will update every week with Credit Journey and you will get to know about it.

6. Earn extra 2,500 for adding an authorized person with your card.

 

  • Discover it® Cash Back

Annual Fee: $0

Intro APR: 0% for 14 months on balance transfers and purchases

Regular APR: 13.49% to 24.49% Variable

Balance Transfer Fee: 3%

Minimum Credit Score Needed: Good or Excellent

Cash Back Rate:
-5% Cash Back on purchases at Restaurants, Grocery stores, gas stations, amazon.com
-1% Cash Back on other purchases

Pros:

1. Double your Cash Back at the end of first year

2. Higher Cash Back on Bonus Categories Product

3. 0% APR on Balance Transfer and Purchases for first 14 months.

Cons:

1. Discover Card has slightly less acceptance worldwide and it can be a issue outside of USA.

2. A Flat Rate Cash Back card may be better for you if you are looking for simplicity.

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  • Fidelity® Rewards Visa Signature® Card

Annual Fee: 0$

Cash Back Rate: Flat 2% on all purchases

Joining Bonus: $100 after you spend $1000 within first 3 months

Foreign Transaction Fee: 1%

Minimum Credit Requirement: Excellent

Pros:

1. Your Cash Back Rewards can be deposited directly into investment like Fidelity® 401K

2. There is no limitation on categories to earn cashback.

3. You can earn unlimited cash back on any product purchase.

4. Foreign Transaction Fee is lower which is 1%. Normally it is 3%.

5. Highest Flat Rate of 2%

Cons:

1. On certain categories, you can earn more than 2% cash back in other credit cards.

 

  • PenFed Pathfinder Rewards American Express® Card

Annual Fee: $0

Reward Rate:
– 4X Points on travel purchases through PenFed Honors Advantage Program
– 3X Points on travel purchases for all other card holders
– 1.5X Points on all other purchases.

Joining Bonus: Receive 25,000 Points as Bonus for spending $2,500 in the first 3 months.

Regular APR: 12.24% to 17.99% Variable

Pros:

1. You will get some amazing perks like $100 Annual Travel Reimbursement and $100 Global Entry Fee reimbursement which are usually reserved for cards with high annual fee.

2. Joining Bonus of 25,000 Bonus Points is very decent for card with No Annual Fee.

3. Emergency, Travel and Roadside Assistance

4. No blackout dates on travel rewards

5. You can earn Unlimited Points.

Cons:

1. If you want to take the benefit of highest possible rewards, then you should either be member of military or have a checking account with the credit union.

2. Must redeem points through PenFed travel site

3. No point transfer options

3. Points are worth less than a penny

4. Points expire after 5 years

 

  • Amex EveryDay® Credit Card from American Express

Annual Fee: $0

Balance Transfer Fee: 0$

Intro APR: 0% APR on purchases and balance transfer for 15 months

Regular APR: 14.74% to 25.74% Variable APR

Joining Bonus: 10,000 Reward Points after you spend $1,000 within first 3 months

Reward Rate:
– 2X Points on US Supermarket purchases up to $6,000 per year.
– 1X Points on other purchases.

Pros:

1. Get 20% more points every month when you use your card 20 or more times on purchases within a billing period.

2. It is good to make Reward Points on everyday purchases.

Cons:

1. They unlike most of the credit card take Foreign Transaction Fee.

2. It is not a MasterCard or Visa Card, which has the most worldwide acceptance.

3. If you don’t shop at Supermarket then you can look for other credit cards.

 

  • Capital One® VentureOne® Rewards Credit Card

Annual Fee: $0

Reward Rate: 1.25x Miles per dollar on all kinds of purchases

Bonus Reward: 20,000 Bonus Miles after you spend $1,000 within first 3 months of account opening.

Intro APR: 0%

Regular APR: 13.49% to 23.49% Variable APR

Minimum Credit Needed: Good or Excellent

Pros:

1. You will 10x Mile Points when you use your card for booking on Hotels.com

2. Receive $200 in travel credit by getting Joining bonus of 20,000.

3. Fly anytime with any airline and stay at any hotel. This is very flexible credit card.

4. Low Intro APR for first 12 months

5. No Foreign Transaction Fees

6. No Blackout Dates

7. No Limit on Miles Earning and No expiry of Points.

Cons:

1. If you spend more than $10,000 in a year, then you should look for different credit card to earn greater rewards.

 

  • Uber Visa Card

No Annual Fee

Joining Bonus: $100 Bonus for spending $500 within first 3 months

Cash Back Rate:
– 4% Cash Back on Dining, Bars, Restaurants, takeouts which also includes UberEATS
– 3% Cash Back on Airfare and Hotel which also includes vacation home rentals
– 2% Cash Back on Online Purchases
– 1% Cash Back on all other purchases

Minimum Credit Score Required: Good to Excellent Credit of 680 to 850

Regular APR: 16.49% to 25.24% APR Variable

Pros:

1. This card is good for you if you frequently travel or eat out or ride with Uber a lot.

2. No Foreign Transaction fee

3. Earn Unlimited Points with no Expiration

4. One Point is equal to 1 Cent

Cons:

1. Points not transferable

2. Points cannot be redeemed for merchandise or travel

3. Daily Limit of 50,000 for Bank Account Redemption and Uber Credit

 

  • Bank of America® Travel Rewards Credit Card

Annual Fee: $0

Joining Bonus: 20,000 Bonus Points after you spend $1,000 within 90 days of account opening.

Reward Rate: 1.5 Points for every one dollar

Intro APR: 0% for first 12 months

Regular APR: 16.49% to 24.49%

Minimum Credit Score Needed: Excellent

Balance Transfer Fee: 3%

Pros:

1. No Foreign Transaction fees

2. Get 10% extra Bonus Points on every purchase if you have an active Saving or checking account with Bank of America.

3. No Blackout Dates

4. You can earn points for any purchases and it is very flexible card.

5. You can increase bonus to 25% – 75%, If you’re a Preferred Rewards client.

6. No Expiry of Points

Cons:

1. This card is not for you if you are a high spender and have excellent credit. You can earn higher rewards in other card even by paying annual fee.

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  • Discover it® Miles

Annual Fee: $0

Intro APR: 0% for first 14 months

Balance Tranfer Rate: 3%

Regular APR: 13.49% – 24.49% Variable APR

Reward Rate: 1.5 Miiles per $1 on all purchases

Minimum Credit Score Required: Good

Benefits:

1. You will get Unlimited Match of all your earned Miles at the end of the year automatically.

2. At the end of year, your miles get matched and will become double.

3. It has no blackout dates and booking can be done as long as it is available.

4. Your points never expire and you can earn unlimited miles.

5. You will redeem Miles as statement credit towards travel purchases.

6. There is no foreign transaction fees.

 

  • Citi Simplicity® Card

Annual Fee: None

Intro APR: 0% APR for 18 Months

Regular APR: 15.74% to 25.74% APR Variable

Reward Rate: 1 Point per dollar

Balance Transfer Fee: 5%

Minimum Credit Score Needed: Excellent

Pros:

1. This is the only card with No Annual Fee, No Penalty Rate and No Late Fees.

2. It has the Lowest Intro APR on Balance Transfers and Purchases for 18 Months.

3. It has been Picked as Best 0 Percent APR Credit Card by Editor’s Choice 2018.

4. It is a great card for person who is looking to consolidate his debts without high interests

5. This card has one of the longest period of 0% APR.

Cons:

1. There is a 3% Foreign Transaction Fee.

2. You cannot Balance Transfer more than your Credit Limit.

 

  • Capital One® Platinum Credit Card

Annual Fee: None

Intro APR: 0% APR for 18 Months

Regular APR: 19.70% – 28.70% variable APR

Minimum Credit Score Needed: Limited or Fair or Average Credit Score

Pros:

1. This is one of the best Secured Credit Card.

2. No Foreign Transaction Fee

3. Fraud Coverage

4. Additional Benefit of Platinum MasterCard Benefits

5. It reports to all major Credit Bureau and it helps to improve your credit score faster by making payment on time, in case if you have bad credit score.

6. By making your first 5 monthly payments on time, get higher credit line.

Cons:

1. If you are looking for Balance Transfer then you should look for some other credit cards

2. If you want to make good Reward Points for your Spending then you can get better deals in other cards.

3. There is no Reward Points earning on your any purchases.

4. There is No introductory offer or Intro APR.

5. Very High APR

 

  • Discover it® Secured

No Annual Fee

Reward Rate:
– 2% Cash Back on Gas Stations and Restaurants
– 1% on other purchases

Regular APR: 24.49% Variable

Intro APR: 10.99% for 6 months on Balance Transfer

Minimum Credit Required: Poor or Bad or No Credit

Pros:

1. It reports to all 3 major credit bureaus which in return helps to build the credit score if monthly payment made on time.

2. Get dollar-for-dollar match for all your cash back at the end of the year.

3. No Foreign Transaction Fee

Cons:

1. Discover card is not widely accepted worldwide like MasterCard or Visa.

2. It requires a minimum deposit of $200.

 

  • Capital One® Spark® Cash Select for Business

No Annual Fee

Reward Rate: 1.5% Cash Back on every purchase anytime.

Cash Bonus: $200 Cash Bonus after you spend $3,000 within first 90 days.

Joining Bonus: $200 Cash Bonus after spending $3,000 within 90 days

Intro APR: 0% APR for 9 months

Regular APR: 14.49% to 22.49% Variable APR

Pros:

1. Fraud Coverage and Alert with $0 Fraud Liability if you lose your card or get stolen.

2. Free Employee Cards

3. No foreign transaction fees

4. Reward Points don’t expire ever.

5. Travel and Emergency Assistance Services

6. Purchase Security and Extended Protection

7. Auto Rental Collision Damage Waiver

Cons:

1. Low Sign up Bonus

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