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Best “No Annual Fee” Credit Cards

Annual Fee Credit Cards vs. No Annual Fee Credit Cards

When it comes to straight cash back cards without any bonus categories, there’s no need to pay an annual fee. To be clear, they may not produce the absolute best yield, but cards like the Citi Double Cash Card (personal) and American Express Blue Business Cash Card (for businesses), both earn a flat 2% cash back – which beats the 1% or less many of you currently earn on your cards!

Beyond that, though, we want to be very clear. Despite a myth from years ago that you should never pay an annual fee on a credit card, the simple truth is that *most* (but not all…) cards with annual fees these days have benefits or points / cash back rates that more than cover that fee.

Let’s start with a direct comparison of cards that have annual fee and no annual-fee versions:

Venture from Capital One ($95 fee) vs. VentureOne from Capital One (no annual fee):

The Venture has an annual fee of $95 but it’s waived the first year. It comes with a 50,000 point early spend bonus for new accounts – worth about $600. It earns 2 Capital One miles per dollar spent. 

The VentureOne comes with just a 20,000 point early spend bonus worth $240. It earns 1.25 Capital One miles per dollar spent. If you spent $11,000 on each card, the Venture would earn 22,000 points and the VentureOne just 13,750 points for that spend – an extra $99 worth of points (we value Capital One points at 1.2 cents each). 

Verdict: By paying the $95 annual fee (and you don’t even pay it the first year), you earn an extra $360 in rewards the first year from just the bonus + $99 more in rewards earned on $11,000 in spend. 

That new card / early spend bonus alone covers several years of annual fees, but you’re also earning more once you hit the break even point of about $10,500 in annual spend.

Now let’s look at an example of benefits you get from a card with a high annual fee:

The Chase Sapphire Reserve, for example, has a $450 annual fee that feels like a whopper.

But the first $300 you spend on any travel expenses at all (including cabs, Ubers, and parking meters alongside the obvious airfare and hotels) get auto-credited back. So that leaves a net fee of $150 a year. In exchange you get unlimited access to Priority Pass, an airport lounge network, for you and two guests. The membership direct from Priority Pass (with no guests!) would sell for $429 per year.

Now, compare that to Chase Sapphire Preferred Card which has just a $95 annual fee but no Priority Pass. That means for the difference in fees, you are paying $55 for airport lounge access all year for you and two guests. But wait, there’s more!

You also earn 3 Chase Ultimate Rewards points per dollar spent on travel and dining vs 2 with the Chase Sapphire Preferred. It doesn’t take much spending to equal more than $55 in extra value as well. Finally, having a Chase Sapphire card with an annual fee allows you to transfer your points to airline and hotel partners, making them worth even more.

Now, you could have a no annual fee Chase card, like the Chase Freedom Unlimited Credit Card. It will earn 1.5x points on everything, which is simple, but you won’t be able to transfer those points without one of those two cards with a fee above. That means you’re only getting 1.5% cash back – when you could be earning transferable points!

Cards with Annual Perks

Lastly, there are cards that provide things like annual free nights in a hotel and/or hotel status for paying a nominal annual fee.

For example, the Hilton Honors Surpass Card from American Express gives you Hilton Gold status in exchange for your $95 annual fee. And both the Marriott Bonvoy Boundless Card and the IHG Rewards Club Premier Credit Card come with annual free nights – often worth 2-3x the annual fee!

Summary

You always need to look at the benefits and earning rates of cards with and without annual fees to determine which is credit card is best for you. We even created a free worksheet you can use to determine if the benefits outweigh the fee!

But if after all that, you still want a simple card with no annual fee, we’ve listed out favorite ones on this page.

We base our ratings below on the value of the points of each card multiplied by the amount of the bonus. Dive into each card for more details and to learn how to apply.

Advertiser Disclosure: Your Best Credit Cards has partnered with CardRatings for our coverage of credit card products. Your Best Credit Cards and CardRatings may receive a commission from card issuers. Commissions do not affect or prioritize placement within our results and not all cards displayed earn us a commission. The editorial content on this page is not provided by any of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.

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14 Cards Available:

Credit card
Estimated Bonus Value :

$500

Calculator

dollar Annual Fee: $0

Calculator
Estimated Bonus Value :

$500

Offer: $500 when you spend $4,500 in 3 months

This no-fee business card offers 1.5% cash back on all purchases.

You'll also earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel.

Offer: $500 when you spend $4,500 in 3 months
Credit card

Citi Rewards+®

dollar Annual Fee: $0

Estimated Bonus Value :

$320

Calculator

dollar Annual Fee: $0

Calculator
Estimated Bonus Value :

$320

Offer: Earn 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening.

This card is no longer available at Your Best Credit Cards.

We suggest the Chase Freedom Unlimited® instead.


 

Earning ThankYou Points

Earn 2x at supermarkets and gas stations for the first $6,000 combined per year, and 1x everywhere else, before rounding up. Excellent for small purchases. Round up to the nearest 10 points on all purchases.

Note: Your earnings will be larger than those shown in our calculations because we cannot factor in the "round up" feature of this card as it correlates to each exact transaction you will make.

Offer: Earn 20,000 bonus points after you spend $1,500 in purchases with your card within 3 months of account opening.
Credit card
Estimated Bonus Value :

$200

Calculator

dollar Annual Fee: $0

Calculator
Estimated Bonus Value :

$200

Offer: Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. Terms apply. (Rates and Fees)

The Blue Cash Everyday® Card from American Express has no annual fee and earns cash back with several popular bonus categories.

The Blue Cash Everyday has bonus cashback on groceries, online retail, and gas.

  • Earn 3% cash back at US supermarkets* for up to $6,000 in annual purchases; then 1%.
  • Earn 3 % on online retail purchases up to $6,000 annually, then 1%.
  • Earn 3% cash back at US gas stations, up to $6,000 annually, then 1%.
  • Earn 1% cash back on all other eligible purchases.
  • Terms apply.

*American Express defines a supermarket as offering a wide variety of food and household products such as meat, fresh produce, dairy, canned and packaged goods, household cleaners, pharmacy products and pet supplies. (Superstores, convenience stores and warehouse clubs are NOT considered supermarkets.)

Additional Blue Cash Preferred Benefits

  • The Disney Bundle: Get $7 back each month after using your Card to spend $12.99 or more each month on an eligible subscription to The Disney Bundle, which includes Disney+, Hulu, and ESPN+. Enrollment required.
  • $180 Home Chef Credit: Receive up to $15 per month in statement credits when you purchase Home Chef meal solutions online with your enrolled Blue Cash Everyday Card. (Shipping available in the contiguous US only.)

0% Intro APR and 0% Balance Transfer APR

Enjoy a 0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 19.24% to 29.99% variable APR. (Rates and Fees)

Offer: Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. Terms apply. (Rates and Fees)
Credit card
Estimated Bonus Value :

$200

Calculator

dollar Annual Fee: $0

Calculator
Estimated Bonus Value :

$200

Offer: Get a $200 cash bonus when you spend $500 in your first 3 months.

Earns 1.5% cash back on all purchases with no annual fee and no foreign transaction fees. For those with good credit.

Also, earn unlimited 5% cash back on hotels and rental cars booked through Capital One Travel. Terms apply.

Uber Benefit

Get up to 6 months of complimentary Uber One membership statement credits through November 14, 2024.

0% intro APR on purchases and balance transfers for 15 months; 19.99% - 29.99% variable APR after that; 3% fee on the amounts transferred within the first 15 months

Offer: Get a $200 cash bonus when you spend $500 in your first 3 months.
Credit card
Estimated Bonus Value :

$200

Calculator

dollar Annual Fee: $0

Calculator
Estimated Bonus Value :

$200

Offer: Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening

This no-fee card offers food and entertainment-centric cash back bonus categories.

Get 3% on dining, 3% on streaming, 3% on entertainment, 3% at grocery stores (excluding superstores like Walmart(R) and Target®) and 1% everywhere else. Plus, earn 8% cash back on Capital One Entertainment purchases.

Also, earn 5% cash back on hotels and rental cars booked through Capital One Travel. Terms apply.

Uber Benefit

Automatically earn 10% back on qualifying purchases on Uber and Uber Eats plus complimentary Uber One membership, through November 14, 2024

0% intro APR on purchases for 15 months; 19.99% - 29.99% variable APR after that. 3% fee on the amounts transferred within the first 15 months

Offer: Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
Credit card
Estimated Bonus Value :

$150

Calculator

dollar Annual Fee: $0

Calculator
Estimated Bonus Value :

$150

Offer: Get $150 cash back when you spend $500 in 90 days

With no foreign transaction fees, no annual fee, and 3% back on dining as well as 2% back on grocery stores, this card is an easy way to up your cash back game.

Please note that applications are only being accepted in the following states:  Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Virginia, Washington, D.C.

If you are not in an approved state, please see our other cash back credit cards.

0% APR Intro Offer

Get 6 months of 0% Interest on new purchases your new card account (Terms apply).

Offer: Get $150 cash back when you spend $500 in 90 days
Credit card
Estimated Bonus Value :

$120

Calculator

dollar Annual Fee: $0

Calculator
Estimated Bonus Value :

$120

Offer: Earn 10,000 bonus miles after you spend $1,000 in purchases on your new Card in your first 6 months.. Terms apply. (Rates and Fees)

The Delta SkyMiles® Blue American Express Card has no annual fee and gives you the option to earn 2 bonus Delta SkyMiles on restaurants, as well as on Delta. You'll earn 1 point per dollar spent on all other eligible purchases. There are no foreign transaction fees, which is somewhat rare for a no-annual fee credit card. Terms apply.

NOTE: This rewards calculator is assuming all of your airline spend is with Delta for the purposes of valuing your rewards for this card. If you spend across multiple airlines, your rewards will be lower as this card earns 2x on Delta purchases only.

Offer: Earn 10,000 bonus miles after you spend $1,000 in purchases on your new Card in your first 6 months.. Terms apply. (Rates and Fees)
Credit card
Estimated Bonus Value :

$0

Calculator

dollar Annual Fee: $0

Calculator
Estimated Bonus Value :

$0

Offer: None. (Rates and Fees)

Highly Recommended: Earn 2X Membership Rewards® points on everyday business purchases such as office supplies or client dinners with The Blue Business® Plus Credit Card from American Express - on up to $50,000 per year of spend (earn 1X thereafter). This is a great card to use when your expense doesn't correspond to a bonus category on any of your other cards.

Intro 0% APR  - 0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99% (Rates and Fees)

Offer: None. (Rates and Fees)
Credit card
Estimated Bonus Value :

$0

Calculator

dollar Annual Fee: $0

Calculator
Estimated Bonus Value :

$0

Offer: None (Rates and Fees)

The American Express Blue Business Cash credit card allows you to earn a simple 2% in cash back (on up to $50,000 a year of purchases) without paying an annual fee.

0% Intro APR

0.0% intro APR on purchases for 12 months from the date of account opening, then a variable rate, 18.49% - 26.49%, based on your creditworthiness and other factors at account opening. APR will not exceed 29.99%.

Offer: None (Rates and Fees)
Credit card
Estimated Bonus Value :

$0

Calculator

dollar Annual Fee: $0

Calculator
Estimated Bonus Value :

$0

Offer: None at this time

This card is no longer available at Your Best Credit Cards. We recommend the Capital One VentureOne Rewards Credit Card instead.


The Citi Diamond Preferred credit card isn't about travel rewards. It's designed for those that want to take advantage of its 12 month long 0% intro APR and 21 month Balance Transfer offers.

Citi Diamond Preferred 0% APR Balance Transfer Offer:

0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening.

After that the variable APR will be 18.24% - 28.99%, based on your creditworthiness. Balance transfers must be completed within 4 months of account opening.

Offer: None at this time
Credit card

Bilt Mastercard®

dollar Annual Fee: $0

Estimated Bonus Value :

$0

Calculator

dollar Annual Fee: $0

Calculator
Estimated Bonus Value :

$0

Offer: None, but you'll be able to earn points paying your rent

The Bilt Mastercard® is the only credit card that lets you pay your rent with no surcharges and earn one point per dollar in the process.

This works with any landlord, up to $100,000 in rent per year as long as you make 5 other purchases per statement cycle.

  • Earn up to 1X points on rent payments without the transaction fee, up to 100,000 points each calendar year
  • 2X points on travel
  • 3X points on dining
  • 1X points on other purchases
  • Earn points on rent when you make 5 transactions that post each statement period.
  • When renting at a Bilt Alliance property, you can choose to have your rent payments automatically reported by Bilt to the three major credit bureaus each month; Experian(TM), TransUnion(TM), and Equifax(TM).

Signup Bonus

The card does not have a traditional signup bonus, however, once you are approved you will be sent an email offering you 5X on everything (except rent) for 5 days, up to $10,000.

So, timed well, you could conceivably get a bonus of up to 50,000 points.

Bilt Transfer Partners

  • American Airlines AAdvantage
  • Aer Lingus Avios
  • Air Canada Aeroplan
  • Air France Flying Blue
  • British Airways Avios
  • Cathay Pacific Asia Miles
  • Emirates Skywards
  • Hawaiian Airlines
  • Iberia Avios
  • IHG Rewards
  • United Airlines MileagePlus
  • Turkish Airlines Miles&Smiles
  • Virgin Atlantic
  • World of Hyatt
Offer: None, but you'll be able to earn points paying your rent

Don’t Miss Out On Limited time Offers

Credit card companies regularly offer limited time increased signup bonus offers on their credit cards. They also sometimes change card benefits or otherwise change up their card lineups.
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