Top 4 Best Credit Card with no Annual Fee Complete Review
A credit card with no annual fee can be one of the best things that you can have in your life. Having a credit card sounds like adding a burden to your financial life. However, it can be a smart financial decision, especially if you know how to fully take advantage of your credit card.
There are so many different types of credit cards that you can find out there. And before you think about applying for a credit card, you might want to pay attention to its terms. Different credit cards usually have different terms. Regardless, reading the terms carefully will help you avoid unwanted things that might come with a credit card.
You have to pay attention to many things before you think about applying for a credit card. One of the most important things that you need to consider is the annual fee of the credit card that you are applying for. Most credit cards require you to pay an annual fee. However, you will be able to find credit cards out there that do not require this. And it can be a very beneficial thing for you.
Why Should I Get an Annual Free Credit Card?
Before we talk about the best credit card with no annual fee, let’s talk about why this kind of credit card can be very beneficial for your financial situation. So, you might think that an annual fee is an insignificant little thing on a credit card. However, getting an annual fee credit card can be incredibly worth it. However, it can only be worth it on one condition.
If the credit card can offer you many different rewards, then that annual free credit card is a very smart financial decision that you can make. Other than that, this type of credit card usually offers better long-term value. This differs from credit cards that do not offer an annual fee feature.
With an annual free credit card, you will be able to keep the account open for a very long time. You will not have to worry about this since you do not have to worry about paying the annual fee. Of course, this will help you increase the age of your credit card account. And this can have an incredible effect on your credit score, which is something that you have to highly consider if you are trying to open up a credit card account.
Now that you know why you should consider getting a credit card with no annual fee, let’s talk about some of the best credit cards that you can find out there. Luckily for you, we are going to review these credit cards.
Citi Double Cash Card
The Citi Double Cash Card is probably the best cashback credit card with no annual fee that you can find. Why? Well, simply because this credit card offers the best cashback programs as the rewards that you can take advantage of.
For every purchase that you make, you can earn a 2% cashback, which includes a 1% cashback when you buy and an additional 1% when you are paying for the purchases that you make. Of course, you need to pay the minimum due on time if you want to earn the cashback.
Another great thing about this credit card is the fact that it offers a 0% intro APR on balance transfers. Not only that, but this intro period also lasts for 18 months, which is a very long time. Once the intro period is done, the APR will be around 13.99%-23.99%.
What you need to remember about this credit card with no annual fee is that the balance transfers that you make with this account will not earn you cashback. You will need to pay for interest on a balance transfer unless you pay for your entire balance each month by the due date.
Discover it Cash Back
Discover it Cash Back is another best cashback credit card with no annual fee that you can rely on. One of the best things about this credit card is the fact that you can get an unlimited cashback match as the intro offer. This means that the credit card will automatically match the cashback that you have earned when the first year of you owning this credit card ends.
This credit card also offers so many rewards. Not only that, but you also do not have to worry about minimum spending or maximum rewards with the help of this credit card. With Discover is Cash Back, you will be able to easily turn a $150 cashback into $300, which is pretty impressive.
You will earn a 5% cashback on every purchase that you make. You can also earn this cash back at different places such as Amazon, restaurants, grocery stores, gas stations, and many other places. And the best part about it is the fact that you can redeem the cashback any time and in any amount. The rewards that you have earned using this credit card will never expire.
Bank of America Travel Rewards Credit Card
Next, let’s talk about the best travel credit card with no annual fee that you can easily apply for. And that credit card is the Bank of America Travel Rewards credit card. So, this credit card is incredible because of several reasons. And the rewards that they offer are one of the best reasons for you to consider this credit card.
With this card, you can earn unlimited points for every $1 that you spend on any purchase. After you make $1,000 in purchases during the first 90 days of opening the account, you can get 25,000 bonus points. You can use the points that you have earned to travel. The things that you can redeem with your points include flights, car, baggage fees, hotel stays, vacation rentals, and restaurants.
The best thing about the points that you can get using this credit card is the fact that they will never expire. You can also book a trip wherever you want since this credit card does not limit you to specific websites. That is why you should consider this credit card with no annual fee.
US Bank Visa Platinum Card
The last card on our list is the US Bank Visa Platinum Card. One of the best features that this card has to offer is its 0% intro APR. This 0% APR applies for both new purchases and balance transfers. Not only that, but the intro period also lasts for 20 billing cycles, which is pretty impressive.
Another reason why this credit card might be the best credit card with no annual fee is that it offers you flexibility. You will be able to decide on a payment due date that can easily fit into your schedule. That way, you will be able to pay without having to worry about anything at all.
Lastly, the US Bank Visa Platinum Card also offers you cell phone insurance that can be very beneficial to you. You will get up to $600 protection against many unwanted things. These things include damage or theft when you are paying your monthly telephone bill using this credit card. Of course, some terms and conditions apply for every offer that you can see from this credit card with no annual fee.
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