People who don't want to pay an annual charge for credit cards can choose no annual fee credit cards. These cards might have additional fees, such an annual percentage rate that applies for balance transfers and purchases. The annual fee for these cards is not justified if the rewards that the card offers are better than the annual cost. The reward is earned when you spend a large sum of money in a given category.
Cash back with Discover it(r).
The Discover it(r) Cash Back no annual fees credit card is an ideal option for people who want to maximize the amount of cash they earn from their spending. This card gives you up to 2% cashback for purchases and payments. It also has no annual fee. There is also no annual spending limit and a sign up bonus with no fees. However, you will have to do some work in order to take advantage of this card's cashback match program.
Chase Freedom Flex
For travelers looking for a card with no annual fees and high rewards points, the Chase Freedom Flex credit card has no annual fee. The card earns 1c per point and can be transferred to Chase credit cards or airline partners for a 1:1 transfer. Other benefits include a cell-phone protection plan and Chase credit cards. Cardholders are eligible for up to $1,000 worth of insurance each year in the unlikely event of an injury. This plan includes a $50deductible and allows for up to two claims each year.
Citi(r), Double cash Card
Citi Double Cash Card is a great no annual fee credit card. It offers 2% cash back on purchases in certain categories. This is a fantastic deal for anyone who enjoys cashback. Additionally, balance transfers are eligible for 0% APR. For even more cashback, combine the card with Citi Rewards Cards.
Amex EveryDay(r).
Amex EveryDay (r), no annual credit card fee, and Amex EveryDayPreferred credit cards have no annual fees. These cards have similar benefits and earning structure. They both earn two Membership Reward points for every dollar spent at U.S. Supermarkets and one point per dollar elsewhere. Both cards provide 20% bonus points per billing cycle that can be converted to cash.
Bank of America Customized Bank Cash
The Bank of America Customized Cash No Annual Fee Card has a low annual charge and offers an attractive introductory APR. However, its benefits and rewards are sparse. Its introductory rate is 0% on purchases. This also applies to balance transfers.
Hilton Honors Amex
The Hilton Honors Amex credit cards is worth looking into if you are a frequent Hilton guest. For a limited time, new cardmembers can earn up to 80,000 points after spending $1,000 on eligible purchases. These points can be used at Hilton properties as well as U.S. supermarkets and restaurants. Other eligible purchases are also eligible for 3X points.