Paying a sum of money annually for credit card charges may be a matter of cost maximizing plan for your low-income pocket. Consumers are keenly looking for credit card with no annual fee because of various benefits. Having a credit card is not just about paying the money. It has also been an excellent way to earn rewards and cashback. Some credit card companies also are offering a cost-effective plan to minimize some hassle. We are giving the top 10 list of the best rewards credit card no annual fee and their services, rates, and fees.
Top 10 Without Annual Fee Rewards Credit Card
1. American Express Cash Magnet Card
American Express Cash Magnet card can be a good deal when you want to earn reward points with no annual fee.
Rewards
You can earn unlimited 1.5 percent cash back for every purchase made anywhere. Statement credit is an important issue. Luckily you can earn $150 as a statement credit. But the condition is you need to use $1000 for purchasing anything in the three months of starting the account.
Other Benefits
Some exciting features of this card include extended warranty coverage, return coverage, car rental loss, and damage insurance and travel accident insurance.
Additional Features
$0 plan fees for the first 15 months after being a member which will allow to split up higher purchase with monthly payments with a fixed fee.
For U.S. Customer Only
American Express Cash Magnet Card is available in the USA. According to the 2018 report, there are 1.6 million places where the service of this card is available.
No Annual Fee
No Annual Fee is expected from the cardholder. But a good or excellent credit is required to get the features of this credit card.
Rates and Fees
- Annual Fee-$0
- Purchase Intro APR (Annual Percentage Rate)-0% for purchase in 15 months
- Balance transfer Intro APR-0% on Balance Transfer for the first 15 months
- Balance Transfer Fee-$5 or 3% of the amount for every transfer (Whichever is greater)
- Cash Advance Fee-$5 or 3% of the amount of each cash advance
- Foreign Transaction Fee-2.7% for each transaction
2. Discover it Miles: Rewards Credit Card
For travelers, this credit card is an excellent choice because it offers rewards for every mile traveled and one can enjoy the service of this card without paying any annual fee.
Rewards
It is 1.5 miles for every dollar when you are using this card. This calculation is done year-end and you can match how long miles you have earned. If it is about 30,000 miles traveled, you can get 60,000 miles. It is totally $600 reward from travel.
Earn Rewards
There are no blackout dates that spoil the rewards. One can travel and fly any airlines and any hotel.
FICO Credit Score
There is no doubt that a good credit score can be worth adding value to the status of your transaction. This credit card has FICO credit score which enables to have a good history of credit score.
No Annual Fee
You don’t have to be worried to pay the annual cost of the credit card. This cardholder can enjoy completely no annual fee.
Security
Using this credit card is much safe because there are millions of website who may cheat you. Luckily Discover has vigilant eye to those websites to make sure you are going to the exact place to buy this credit card. You can receive social security alerts to make you safe.
Rates and Fees
- Annual Fee: $0
- Purchase Intro APR: 0% for 14 months
- APR: 14.24%-25.24% variable after the first 14 months
- Balance Transfer Intro APR: 10.99% for 14 months
- Balance Transfer Fee: 3%
- Foreign Transaction Fee: None
3. Chase Freedom Rewards Credit Card
Chase Freedom is a credit card that offers you rewards and no annual fee. It is one of the popular credit card in the USA.
Rewards
It ensures cashback up to 5% on the basis of combined purchases. This one can be a good deal to stay with earning. Also 1% percent cashback is easy to pile in your pocket for any other purchases. Bonus makes us happy. When you are spending $500 for any purchase in the first three months, you can avail $150. There are different benefits, warranty issues, and zero liability protection.
Get Cash Back
Spending $1,500 makes an excellent earning that is 5% cashback in any combined purchase in bonus categories per quarter you may activate.
Unlimited cashback is really adding money to your pocket. This cardholder can earn unlimited 1% cashback for any other purchase.
Redeemable Rewards
This cashback as a reward is solely yours. This cannot be expired as long as your account is activated. Additionally, there is no minimum charge to redeem cashback.
No Annual Fee
If you are the cardholder of Chase Freedom, you don’t have to pay annual fee. It is completely free for the whole year.
Safety and Security
You get unlimited access to your credit score and more. even if you are not and it is completely free.
No Annual Fee
Annual Fees may cost from your pocket but this card has no issue to pay annual fees which can add to your pocket some money.
Rates and Fees
- Annual Fee: $0
- Purchase Intro APR: 0% on purchase for 15 months
- Balance Transfer Intro APR: 0% intro APR on Balance Transfer for 15 months
- Balance Transfer fee: $5 or 3% of the amount for every transfer
- Cash Advance Fee: $10 or 5% of the amount for every transaction
- Foreign Transaction Fee: 3% for every transaction in the U.S. Dollars
4. Discover it Cash Back: Rewards Credit Card
Discover it Cash back is one of the most popular credit card in the USA. It has some exciting features. It offers excellent rewards with no annual fee.
Rewards
Discover it cash back provides you with 5% cash back at various places for each quarter like gas station, grocery stores, restaurants, amazon. com which is up to the quarterly maximum each time you activate.
Additionally you can earn unlimited 1% cash back for any other purchases automatically. Discover it cash back matches all of the cash back earned by you at the end of the year and it is matched automatically.
Rewards Redeemable
More immortally, this cash back never expires from your account. You can redeem in any amount and at any time. However, it is one of the popular rewards credit card no annual fee. Discover credits the account with cash back bonus balance when account is closed or has not been consecutively 18 months. To get more information, you need to learn rewards terms and condition.
Discover Identity Alerts
Discover Identity Alerts service are at no cost. But the services are very important to make sure you are safe. There is daily monitoring of your Expire credit report and alert is going to you when a new account is listed on your report.
Discover monitors thousands of risky websites for revealing your personal information and send to you and alert when your social security number is found on these risky websites. Initially a card master need to agree with online to receive discover identity alerts.
Cashback Match
There is no minimum purchase. After the first 12 billing periods when your account is open. Discover matches all of the cash back rewards earned and on the basis of application in the following one or two billing periods.
Freezing Account
You may freeze your account. In this case, new purchases, cash advances and balance transfers are not authorized. But you can enjoy some activates like bills that merchants as returning as well as return, credits, dispute management and payments etc.
Fico Credit Score terms
Discover maintains credit scores very effectively. Fico credit score is the key factor for your credit history. Your score, some factors and any type of credit information are available on discover.com. The cardholder can check out the all information about credit here with this service.
Use rewards at Amazon. com
Your cash back can be used at amazon. com, amazon affiliation purposes the amazon logo which are registered trademarks of the amazon Inc.
No annual Fee:
Annual Fee can be troublesome most of the cases. You have to keep a balance in your credit card to make sure this card is being charged annually. Luckily this card has no issue to pay annual fee.
Rates and Fees
- Annual Fee: $0
- Purchase Intro APR: 0% for the first 14 months
- APR: 14.24%-25.24% variable after the first 14 months
- Balance Transfer Intro APR: 0% for 14 Months
- Balance Transfer Fee: 3%
- Foreign Transaction Fee: None
5. Hilton Honors American Express Card
Hilton Honors American Express is a credit card which offers no annual fee and some exciting rewards offer. This card is available in the US Market and can be convenient for any way. Some features go on-
Rewards
You can earn 75,000 Hilton Honors Bonus Points with this card from start of this card within 3 months. Even, you can earn 7X Hilton Honors Bonus for spending a dollar in the hotel or resort within the Hilton Honors Portfolio of brands. Also you can earn 5X Hilton Bonus Point for spending each dollar at U.S. restaurant, U.S. supermarket and U.S. Gas Station. For any eligible purchase, 3X Hilton Honors Bonus point is achievable.
No Foreign transaction Fee
Hilton Honors American Express Card offers a no foreign transaction fee. You can enjoy international travel and purchase anything abroad with no additional fees.
Complimentary Silver Status
When you are the card holder of Hilton Honors American Express card, you have the chance to enjoy complimentary Hilton Honors Silver Status. You need to spend $20,000 for purchase in a calendar year and you will be upgraded to Hilton Honors Gold Status through the end of the next calendar.
No Annual Fee
Hilton Honors American Express card offers you their service but you don’t have to pay any annual fee.
Rates and Fees
- Annual Fee: $0
- APR: 17.99% to 26.99% variable
- Penalty APR: 29.99%
- Balance Transfer Fee: Either $5 or 3% of the amount of each transfer whichever is greater
- Cash Advance Fee: Either $5 or 3% of the amount of each cash advances whichever is greater
- Foreign Transaction Fee: $0
6. Blue Cash Everyday Card from American Express
Blue Cash Every day is a credit card that offers no annual fee. It is one of the credit card that provides you a lot of rewards when you are spending in the Supermarkets, gas station and U.S department stores.
Rewards
Blue cash Everyday always provides excellent rewards and it has some plans that you may avail rewards.
- 3% cash back at U.S supermarkets for purchasing. Additionally there is 1% cash back on up to $6,000 per year.
- 2% cash back in the place of U.S. Gas station and it is unlimited rewards. You have to select U.S department store and 1% back for other purchases.
Credit Statement
Credit statement is another good feature. You can earn $150 statement credit after spending $1,000 for purchasing within 3 months from the opening date of the card.
Other benefits
When you will have this card, there are more benefits which include fraud protection, car rental loss, damage insurance and roadside assistance and travel accident insurance.
Receiving rewards
Cash back can be received as rewards dollars. It is also easy to redeem for the purpose of statement credits, gift cards and merchandise.
No Annual Fee
When annual fee may be a big issue to load the card, you can have this card without any annual fee.
Rates and fees
- Annual Fee: $0
- Purchase Intro APR: 0% on purchase for the first 15 months
- Balance Transfer Intro APR: 0% for first 15 months
- APR: 15.24%-26.24% variable after 15 months
- Balance Transfer Fee: $5 or 3% of the amount for each transfer whichever is greater
- Cash Advance Fee: $5 or 3% of the amount for each cash advance (whichever is greater)
- Foreign Transaction Fee: 2.7% for every transaction that will be in US dollars
7. Capital One SavorOne sm Cash Rewards Credit Card
Capital One SavorOne Cash Rewards Credit has also some exciting features in terms of getting rewards with no annual fee. This card holder can enjoy rewards in the field of dining entertainment, grocery stores and any purchases.
Rewards
It is easy to earn one-time $150 cash bonus when you are spending $500 for any purchase within 3 months from the opening date of the account.
You can earn unlimited 3% cash back when you are spending on dining and entertainment and 2% cash back in the grocery stores. More importantly, 1% can be earned for all other purchases.
No fee for foreign transaction
This card holder can enjoy no foreign transaction fee which can be big deal to continue foreign transaction.
Rewards Redeemable
There is no issue to be worried that your reward is going to be expired. Additionally, three is no rotating categories and sign-ups to earn cash back rewards. More importantly, cash back will never lost for the life of the account. You can earn rewards as you go.
Annual Fee
You can buy this credit card in order to pay no annual fee. This card has no annual charge.
Rates and fees
- Annual Fee: $0
- Purchase Intro APR: 0% intro for purchase for the first 15 months
- APR: 16.24%-26.24% variable after the first 15 months
- Balance Transfer Intro APR: 0% intro for balance transfer for the first 15 months
- Balance Transfer fee: 3%
- Cash Advance Fee: 3% of the amount for the cash advance which not less than $10
- Foreign Transaction Fee: $0
8. Discover it Chrome
Discover it Chrome is a credit card that has so many features in terms of rewards and no annual fee. When you don’t want to pay annual fee and also want to get cash rewards, this one can be a good deal to go.
Rewards
Rewards are available when you are going discover it chrome. You can easily earn 2% cash back at gas station or any restaurant by spending up to $1000 which may be combined purchase quarterly. Additionally, you can earn unlimited 1% cash back for any other purchase.
Receiving rewards
You don’t have to worry that your cash back is expiring. This cash back is redeemable for any amount even at any time. Your cash back is matched at the end of the year. For this there is no issue of signing up and there is no limit on how much is matched.
Only for U.S. Customer
The service offered by this card is for the 100% U.S. based customer service.
Free Credit Scorecard
You use this card and you are lucky enough to get free credit scorecard powered by FICO credit score with number of recent inquiries and more.
Safety and Security
This card has a free alerts that easily can notify you if your social security number is available on any risky website. This free alert also informs you about credit news, mortgage loan or car loan.
Freezing the account
Within a second, the account can be freeze to stop the new purchase with the help of mobile app or online.
Annual Fee
Annual fee is $0. It is a peace of mind that you are using service but don’t have to pay yearly charge that many credit card company collect from the card holder.
Rates and Fee
- Annual Fee: $0
- Purchase Intro APR: 0% for 14 months
- APR: 14.24%-25.24% variable after the first 14 months
- Balance Transfer Intro APR: 0% for 14 months
- Balance Transfer Fee: 3%
- Foreign Transaction Fee: None
9. Wells Fargo Visa Signature Card
Wells Fargo Visa Credit Card is a credit card with no annual fee and rewards are earned for everyday purchase. Rewards come on the basis of points per dollar.
Rewards
There are exciting rewards system of the card holder. The card holder can earn 5X for spending up to $12,500 in the field of gas, grocery and drugstores within 6 months from the opening date of the account.
1X points can be earned for 5 years for other purchases. The card offers one point for per dollar spent. This point can be redeemed hotel stays, cruises, car rental, gift, cash back and more. If this point is redeemed for airfare, and it can add 50 percent value.
Travel Accident Insurance
The card holder can have travel accident insurance. It is a good feature of this card. They offer insurance when you are active user of this card.
Get FICO credit score
There is free access to FICO credit score when you are active account user of this card.
No annual Fee
It can be best option to pay no annual fee. Luckily this card has annual fee that can add some to your pocket.
Rates and Fees
- Annual Fee: $0
- Balance Transfer Intro APR: 0% for the first 15 months
- Balance Transfer fee: $5 or 3% of the amount (whichever is greater)
- Cash Advance Fee: $10 or 5% of the amount whichever is greater
- Foreign Transaction fee: 3% for every transaction Converted to U.S. Dollars
10. Capital One Vetureone Rewards Credit Card
Capital One VentureOne rewards credit card is known as no annual fee with excellent feature of rewards. This can be a good deal to go with this card.
Rewards
You can earn a bonus of 20,000 miles when you are spending $1,000 on purchase within 3 months from the opening date of the account. Every day it is possible to earn 1.25X miles for every day purchase. You also can earn 10x miles for thousands of hotels in January 2020. You can transfer miles to over leading travel loyalty programs.
No blackouts date
You fly any place with any airlines with no blackouts date. Additionally you can stay any hotel at any time without any blackout dates.
Rewards Redeemable
Miles will never expire for the whole life of the account even there is no limit to earn miles.
Annual Fee
Luckily there is no annual fee which may cost from your pocket. This one can be smart choice to go.
Rates and Fees
- Annual Fee: $0
- Purchase Intro APR: 0% on purchase for the first 12 months
- APR: 14.24%-24.24% variable after the first 12 months
- Balance Transfer Fee: $0
- Cash Advance fee: 3% of the amount of the cash advance which is not less than $10
- Foreign Transaction Fee: None
Which credit card gives the best travel rewards?
There are a lot of credit card Company that offers amazing travel rewards. It is also a big question which credit card gives the best travel rewards that add value and increase cash in spite of spending.
Discover it Miles is one of the great credit card that offers very high level travel rewards. One can earn an unlimited 1.5 miles for spending per dollar. This can be a good deal to choose to ensure best travel rewards indeed.
Is paying an annual fee for a credit card worth it?
Paying an annual fee has always disadvantages for the card holder. They have to keep the balance in the card. So going some credit cards with no annual fee worth adding value to your life. Surely carrying no annual fee can add solvency that improves personal finance in many ways.
Improvement of credit score can be a way of increasing financial condition. As the card holders don’t have to pay the cost or charge of the credit, it can add to the balance of the card holder. There are some card company who have annual fee like $95, $550 or more. These cost can be saved when you are going with credit card no annual fee.
The card holder who are using credit card no annual fee will surely have a peace of mind. Paying monthly or yearly adds tightness in the balance and also forces to manage money in the credit card to pay the charge. Luckily you don’t have to be worried with the card with no annual fee.
How can I avoid paying my credit card annual fee?
For the card holders who are suffering from paying annual fee may want to switch to no annual fee credit card. This is a simple process that you can avoid paying your credit card annual fee.
- First you should know the points as you want to switch to another credit card that has no annual fee. In some cases, points are forfeited or lost. So you need to try to make it clear that your points or rewards will remain in your loyalty membership account.
- In most of the cases, people may not downgrade the present condition. You have to give up some facilities which are available to present card. These facilities may not be available to the card no annual fee. You have to discuss with card issuer to make it clear.
Final Outline
You may have a bad experience in paying yearly charge for using credit card. This also increases your spending and making you in trouble in terms of solvency. In this time, it is really good decision to look for best rewards credit card no annual fee. There are also some credit cards which offer best rewards and get no annual fee. These credit cards top the list as the best rewards credit card without annual fee.
