An annual fee on your credit card may be worthwhile if it results in considerably bigger benefits. However, in many circumstances, credit cards with no annual fees provide better long-term savings than those that do. Credit cards with no annual fees make it simple to come out ahead, regardless of your monthly spending. What’s more, you will be able to keep your card active for an extended period of time at no cost, raising the average age of your accounts, which will benefit your credit score. Here’s a look at the best no-annual-free credit cards of the year.
Wells Fargo Active Cash Card
This card offers an excellent rewards rate on anything you purchase, as well as perks and goodies that are usually not found in cards of this category.
Annual fee: $0
Rewards rate: 2% cashback
Intro offer: $200
Recommended credit score: 690 – 850
Discover it Cash Back Card
The Discover it Cash Back Card lets you earn 5% cash back on categories that rotate every quarter. All other expenses will earn you a 1% cash back. This rewards program is not bad at all for a credit card that has a $0 annual fee. You can either use this one as an everyday credit card or pair it with a card that earns flat rewards to maximize your rewards-earning potential.
Annual fee: $0
Rewards rate: 1% – 5% cash back
Intro offer: Unlimited cashback match
Recommended credit score: 690 – 850
Chase Freedom Flex
This credit card offers a rewards rate as high as 5% on select categories (some that change every quarter and some that don’t). There’s also a pretty generous bonus offer for new credit cardholders. If you are willing to understand how the rewards structure works, this is a great card.
Annual fee: $0
Rewards rate: 1% – 5% cash back
Intro offer: $200
Recommended credit score: 690 – 850
Bank of America Travel Rewards Credit Card
This credit card has an easy-to-redeem and easy-to-earn rewards program. All purchases will get you 1.5 points per dollar. The points can be redeemed for travel purchases.
Annual fee: $0
Rewards rate: 1.5x points
Intro offer: 25,000
Recommended credit score: 690 – 850
