The Best No Annual Fee Credit Cards for Everyday Use

by admin June 19, 2020
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The Best No Annual Fee Credit Cards

You will get tons of excellent credit cards on the market today. These credit cards offer some exciting signup bonuses, sweet perks, and generous categories. If you are looking for no annual fee credit cards, then you can check the below.

You can keep the credit cards without annual fees forever. For these types of credit cards, you don’t have to pay an annual fee every year. It also could be a great choice for your everyday spending and high earning rates on all purchases.

To keep things simple, you should choose a single no-fee credit card for the daily expenses. Keep reading the list below to find out the best credit cards with no annual fees:

The Best No Annual Fee Credit Cards

Here is the following credit card which comes with the no annual fees:

  1. Chase Freedom Unlimited

The Chase Freedom Unlimited Card is coming with no annual fee. You will get 1.5% cashback on your every purchase. That means you will get 1.5 Ultimate Rewards points on the spending of $1. You can redeem your rewards point for purchase gift cards, free travel, and gift cards.

Benefits:

  • Within the 3 months, if spend up to $500 on purchase, you will get $200 cashback.
  • On your every purchase, you will get an unlimited 1.5% cashback.

Rates and Fees:

Rates:

  • APR for Purchase: For the first 15 months of your account opening, your intro APR will be 0%. After the service period ends, your intro APR will be 14.99% to 23.74%.
  • APR for Balance Transfer: First 15 months of your account opening, they don’t charge any annual fee. After the service period ends, intro APR will be 14.99% to 23.74% for a balance transfer.
  • Minimum Interest Charge: There are no minimum interest charges.

Fees:

  • Annual Fee: For this card, you don’t have to pay any annual fees.
  • Balance Transfer Fee: You will be charged $5 to 3% of the amount of each transfer within the 60 days of account opening. After that period, you will be charged $5 or 5% of the amount of each transfer you make.
  • Cash Advance Fee: You will be charged $10 for the cash advance or the 5% of the amount of each cash advance.
  • Late Payment: For the late payment, you have to pay up to $39.
  • Return Payment: You have to pay up to $39 for the return payment.

Apply: creditcards.chase.com/cash-back-credit-cards/freedom/unlimited

  1. Citi Double Cash

Citi Bank is the issuer of Citi Double Cash. It is one of the best no annual fee cards available in the market. On all your purchases, you will get an additional 1% cashback on every bill payment.

Benefits:

  • You will get 2% cashback on every purchase you make with this card.
  • On you every bill payment you will get 1% additional cashback.

Rates and Fees:

Rates:

  • APR for Purchase: Based on your creditworthiness, you will be charged 13.99% to 23.99%.
  • APR for Balance Transfer: For the first 18 months of your account opening, there will be no balance transfer APR. After the service period, your intro APR will be 13.99% to 23.99%.
  • APR for Cash Advances: Your intro APR will be 25.24% of each cash advance.

Fees:

  • Annual Fee: There no annual fees for this card.
  • Balance Transfer Fee: You have to pay either $5 for the balance you transfer or the 3% of the amount.
  • Cash Advance Fee: You will be charged either $10 or 5% of the amount each cash advance.
  • Late Payment Fee: For the first time, you don’t have to pay any late payment fees. After that, you have to pay up to $40.

Apply: www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-double-cash-credit-card

  1. Chase Freedom

Chase Freedom is another great card that comes with no annual fees. You will get 1% cashback on all your purchases. Chase has also announced a new category in which Freedom cardholders will earn 5% cash back on up to $1,500 on spending. This category is including gas stations, PayPal transactions, grocery stores, and Amazon.com.

Benefits:

  • On your spending $500 on the purchase within the first 3 months, you will get up to $200.
  • On your combined purchases up to $1,500, you will get up to 5% cashback.

Rates and Fees:

Rates:

  • APR for Purchase: First 15 months of your account, the intro APR will be 0%. After the services period ends, the APR will be 14.99% to 23.74%.
  • APR for Balance Transfer: For the first 15 months, your intro APR is 0%. After the service period, the intro APR will be 14.99% to 23.74%.
  • Minimum Interest: None.

Fees:

  • Annual Fee: This credit card does not comes with any annual fees.
  • Balance Transfer Fee: You need to pay $5 for the balance transfer or 3% of the amount you transfer.
  • Late Payment Fee: For the late payment fees, you may charge up to $39.
  • Return Payment Fee: The return payment fee is up to $39.

Apply: creditcards.chase.com/cash-back-credit-cards/freedom/card

  1. Discover It

The Discover It card is similar to the Chase Freedom. Here you can earn 1% on all spending, and on the rotating category, you will get 5% cashback. But this card does not offer any sign-up bonus.

Benefits:

  • You will get 5% of cash back at grocery stores, restaurants, gas stations, and online shipping, etc.
  • On your other purchases, you will get a flat 1% cashback.

Rates and Fees:

Rates:

  • APR for Purchase: For the first 14 months of account opening, the purchase APR is 0%. Then, it will charge you from 11.99% to 22.99%, based on your creditworthiness.
  • APR for Balance Transfer: They do not charge balance transfer APR for the first 14 months. After the service period, it will charge from 11.99% to 22.99%, based on your creditworthiness.
  • APR for Cash Advances: The cash advance APR for this card is 24.99%.

Fees:

  • Annual Fee: You don’t have to pay annual fees every year for this card.
  • Cash Advance Fee: You will be charged either $10 or 5% of the amount of each cash advances.
  • Late Payment Fee: The first time the late payment fees are none. After that, you will be charged up to $40 for the late payment.

Apply: www.discover.com/credit-cards/cash-back/it-card.html

  1. Blue Cash Everyday:

AMEX’s Blue Cash Everyday is another excellent credit card that comes with no annual fees. In this card, you can earn 3% on supermarkets, 2% on gas and department stores and 1% everywhere else.

Benefits:

  • On spending of $1,000 in purchase within the first 3 months, you will get to earn $200 back.
  • At U.S. supermarkets, you will get 3% cashback. It can help you to save up to $6,000 per year on purchases.
  • At U.S. gas stations & select U.S. department stores, you will up to 2% cashback.
  • On the other purchase, you will get a flat 1% cashback.

Rates and Fees:

Rates:

  • APR for Purchase: For the first 15 months, your APR will be 0%. But after the end of the service period, your APR for purchase will be 12.39% to 23.99%.
  • APR for Balance Transfer: For the first 15 months, will remain 0%. After that peoird, your APR for balance transfer will be 12.99% to 23.99%, based on your creditworthiness.
  • APR for Cash Advances: For the cash advance annual percentage rate will be 25.24%.

Fees:

  • Annual Fees: The company does not charge any annual fees for this card.
  • Balance Transfer Fee: You have to pay either $5 for the balance transfer or 3% of the amount of your transfer. You only have to payment the greater amount.
  • Cash Advance Fee: For a cash advance, you have to $10 or 5% of the amount each cash advance.
  • Late Payment Fee: You will be charged up to $40 for the late payment fees.
  • Returned Payment Fee: For the return payment fee, you may charge up to $40.

Apply: www.americanexpress.com/us/credit-cards/card/blue-cash-everyday/

  1. Wells Fargo Platinum Card

Wells Fargo Platinum Card can be consider on the best credit card with no annual fees. The best features for this card are it comes with the zero liability protection, cell phone protection, etc.

Benefits:

  • You can access your FICO Credit Score with the Wells Fargo Credit Card online.
  • Using this card, you can access the My Money Map tool. That will help you to manage your spending and create a budget with ease.

Rates and Fees:

Rates:

  • APR for Purchase: For the purchase, the intro APR is 0% for 18 months from your account opening. After the service period, it will charge you up to 15.49% to 24.99%, based on your creditworthiness.
  • APR for Balance Transfer: Balance transfer APR for the first 18 months is free. But after that period, it will charge you 15.49% to 24.99%.

Fees:

  • Annual Fee: You don’t have to pay an annual fee for this card.
  • Balance Transfer Fee: For the balance transfer, you will be charged $5 or 3% of the amount you transfer.
  • Cash Advance Fee: You will be charged $10 or 5% of the amount of each advance.
  • Late Payment Fee: For the late payment, you will be charged up to $37.

Apply: www.wellsfargo.com/credit-cards/platinum-visa

 

Read Also…  Best Chase Credit Cards of 2020

Conclusion

There are a lot of no annual fee credit cards are available in the market. You may confuse about, which should you apply for. So, you can apply for the above-mentioned credit cards. These are the best no annual fee credit cards available in the market.

Reference Link

Chase Freedom Unlimited: creditcards.chase.com/cash-back-credit-cards/freedom/unlimited

Citi Double Cash: www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-double-cash-credit-card

Chase Freedom: creditcards.chase.com/cash-back-credit-cards/freedom/card

Discover It: www.discover.com/credit-cards/cash-back/it-card.html

Blue Cash Everyday: www.americanexpress.com/us/credit-cards/card/blue-cash-everyday/

Wells Fargo Platinum Card: www.wellsfargo.com/credit-cards/platinum-visa/

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