A credit card with no annual fee can help you save money while not having to sacrifice the quality and rewards of the best credit cards on the market in 2022.
Based on our exhaustive analysis, these are the best credit cards with no annual fee.
Amex is also unique in that it has a $0 Buy Now, Pay Later Plan It. It lasts 15 months from account opening and allows you to create a specific payment plan custom to your needs without a fee.
Pros
0% intro APRNo annual feeRewards for gas, groceries, and online retail purchases
Cons
Limited rewards for travel $2,000 purchase required for statement creditSpending caps apply
There is also a one-time $200 cash bonus after you spend $500 within the first 3 months of having your card. Capital One also offers an introductory 0% APR and 3% balance transfer fee on transactions made within the first 15 months. After the promotional period, the APR changes to a variable APR of 19.74%- 29.74% on your purchases. There also are no annual or foreign transaction fees to save you extra money each year. Pros
Intro APR offerNo annual or foreign transaction feesExtra points for bonus categories
Cons
High APRLimited bonus categoriesNot ideal for travel rewards
Cashback Match is an additional promo lasting your first year and giving you an unlimited dollar-for-dollar match on all of your cashback earnings by year’s end. Pros
Quarterly categoriesIntro APRIntro balance transfer APR
Cons
Increased balance transfer fee after promo periodLimited benefitsRestricted rewards outside categories
You also receive cashback of up to 1.5% with incentives for timely payments. When you make a purchase, there is 1% automatically, but you can earn up to 1.5% back when you pay on time. Some merchants vary from 2% to 10% at select merchants. Even better, the Petal 2 Visa does not charge any fees to save you extra money each year. Pros
No feesDesigned to build creditExtra cashback with good payment history
Cons
Reward can be difficult to trackNo introductory offerNo cash advances or transfers
Type of credit card: While some credit cards may only accept excellent credit, others may accommodate bad credit or even no credit at all.APR: dictates how much interest you pay on your purchases so consider shopping your options to find the best APR for your specific needs. Fees: Most credit cards carry regular fees. This can include annual account fees, foreign transactions if you use your card outside of the country, and fees when you make balance transfers or cash advances.Categories: There are rotating categories that may apply to some cards, changing each quarter to offer cashback at some of the most popular retailers today.
We strongly suggest shopping and comparing different options so you can find the best credit card with no annual fee that also meets your regular spending and financial goals.
Bank of America Customized Cash Rewards: Great for groceries and gasBank of America Travel Rewards credit card for Students: Made for students Capital One VentureOne Rewards: Choose for travelCapital One Quicksilver: Fantastic for newer creditChase Freedom Flex: Varied cash backCiti Custom Cash card: Enjoy automatic rewardsWells Fargo Active Cash® Card: Excellent perks
For other options, consider our expert reviews for the best crypto credit cards, the best starter credit cards, and 2022’s most exclusive credit cards.
