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Best Credit Cards with No Annual Fee in May 2024

Our picks for the best credit cards with no annual fee

Advertiser Disclosure

Best for Flexible Cash Back Rewards

Chase Freedom Unlimited?

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Up to 6.5% Reward Rate

Enjoy 6.5% cash back on travel purchased through Chase Travel?, 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery services, and 3% on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel?, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% cash back on all other purchases.

Annual Fee
$0
Welcome Offer
Up to $300 cash back
Regular APR
20.49%-29.24% variable
Recommended Credit
Good/Excellent (670 - 850)
Why we like it
If you’re looking for a well-rounded cash-back card that offers flexible rewards for no annual fee, the Chase Freedom Unlimited? card is a spectacular option. This card offers flat-rate cash-back on all purchases, as well as generous cash-back in other useful categories, so it’s easy to earn rewards. To sweeten the deal, Freedom Unlimited comes with a great welcome offer, and obviously, as it’s on this list, it doesn’t charge an annual fee. While this card is marketed as a cash-back card, it offers more than just that. The rewards you earn are part of the Chase Ultimate Rewards program, so they’re extra flexible to redeem. Although there are so many credit cards out there, the Chase Freedom Unlimited? still manages to stand out, making it one of our top options.

Best for Dining and Entertainment

Capital One SavorOne Cash Rewards Credit Card

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Up to 3% Reward Rate

Earn 3% cash back on dining purchases, entertainment, and popular streaming services. Earn 3% cash back at grocery stores, and earn 1% cash back on all other purchases.

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Annual Fee
$0
Welcome Offer
$200
Regular APR
19.99% to 29.99% variable
Recommended Credit
Good/Excellent (670 - 850)
Why we like it
We like the Capital One SavorOne Card for its ability to provide effortless rewards in everyday categories such as dining, entertainment, streaming services, and even grocery stores. Combine that with an easily earned welcome bonus and no annual fee, and this card becomes a clear winner.
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Card Details

More Card Info

  • 0% intro APR on purchases and balance transfers for 15 months (then 19.99% - 29.99% variable APR).
  • Balance transfer fee of 3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • No foreign transaction fees
Pros
  • No rotating categories that you need to sign up for
  • No spending cap
  • No annual fee
Cons
  • High APR
  • Good or excellent credit recommended
  • Low sign-up bonus
Bottom Line

The cash-back categories and welcome bonus are pretty solid, especially for a card without an annual fee.

Best for Groceries

Blue Cash Everyday? Card from American Express

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Up to 3% Reward Rate

Earn 3% cash back on up to $6,000/year spent at U.S. supermarkets (then 1%), 3% back on up to $6,000/year at U.S. gas stations (then 1%), 3% back on up to $6,000/year on online retail purchases (then 1%), and 1% back on all other eligible purchases.

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Annual Fee
$0
Welcome Offer
$200
Regular APR
19.24% to 29.99% variable
Recommended Credit
Good/Excellent (670 - 850)
Why we like it
The Blue Cash Everyday? Card from American Express is a great choice if you want a credit card that allows you to earn cash back on everyday purchases without having to pay an annual fee. This card offers generous rewards in categories where many families spend the most, like U.S. supermarkets, U.S. gas stations, and U.S. online retailers.
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Card Details

More Card Info

  • 0% intro APR on purchases and balance transfers for 15 months after account opening, then 19.24% to 29.99% variable APR.
  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout.
  • Thinking about getting the Disney Bundle which can include Disney+, Hulu, and ESPN+? Your decision made easy with $7/month back in the form of a statement credit after you spend $9.99 or more each month on an eligible subscription (subject to auto renewal) with your Blue Cash Everyday? Card. Enrollment required.
  • Enjoy up to $15 back per month when you purchase a Home Chef meal kit subscription (subject to auto renewal) with your enrolled Blue Cash Everyday? Card.
  • Terms Apply.
Pros
  • No annual fee
  • 0% APR on eligible purchases for 15 months
  • Generous rewards at U.S. supermarkets, U.S. gas stations & online shopping
Cons
  • Rewards cap on spending at U.S. supermarkets, U.S. gas stations, and online retail purchases
  • 2.7% foreign transaction fee
  • Low rewards rate outside of bonus categories
Bottom Line

For a no-annual-fee option, the reward rate on this card is pretty solid, but for heavy spenders, other cards may offer more value.

Best for Travel

Capital One VentureOne Rewards Credit Card

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Up to 5X Reward Rate

Earn unlimited 1.25X miles on all purchases and 5X miles on hotels and rental cars booked through Capital One Travel.

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Annual Fee
$0
Welcome Offer
20,000 miles
Regular APR
19.99% to 29.99% variable
Recommended Credit
Good/Excellent (670 - 850)
Why we like it
Few travel rewards credit cards have no annual fee, but the Capital One VentureOne Rewards Credit Card does just that. It also boasts an intro APR offer, unlimited 1.25X miles on all purchases, elevated rewards on eligible travel, and a generous welcome bonus, making it a good option for those who want to earn travel rewards while minimizing the hassle.
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Card Details

More Card Info

  • 0% intro APR on purchases and balance transfers for 15 months, then 19.99% - 29.99% variable APR.
  • Balance transfer fee of 3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time
  • Miles won’t expire for the life of the account and there’s no limit to how many you can earn
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Transfer your miles to your choice of 15+ travel loyalty programs
Pros
  • No annual fee
  • Intro APR offer
  • Low spending requirement for welcome offer
Cons
  • High APR
  • Good or excellent credit recommended
  • Few travel perks
Bottom Line

If you don’t travel a lot, this may be a good option, but unless you’re 100% set on getting a travel card without an annual fee, you’ll likely find more value elsewhere.

Best for Businesses

American Express Blue Business Cash? Card

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Up to 2% Reward Rate

Earn 2% cash back on up to $50,000 in combined purchases each year (then 1%).

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Annual Fee
$0
Welcome Offer
$250
Regular APR
18.49% to 26.49% variable
Recommended Credit
Good/Excellent (670 - 850)
Why we like it
The American Express Blue Business Cash? Card is a great, simple cash-back card option for business owners who don’t spend heavily in specific higher-reward categories some other cards offer. It also doesn’t charge an annual fee, making it a great option for smaller businesses.
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Card Details

More Card Info

  • 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 as determined at the time of account opening. APRs will not exceed 29.99%
  • You’ve got the power to spend beyond your credit limit* with Expanded Buying Power.
  • *The amount you can spend above your credit limit is not unlimited. It adjusts with your use of the Card, your payment history, credit record, financial resources known to us and other factors.
  • Terms Apply.
Pros
  • No annual fee
  • High rewards rate
  • Simple cash back structure
Cons
  • Spending cap for 2% rewards
  • Requires good to excellent credit
  • Limited redemption options
Bottom Line

This is a good option for businesses looking to earn simple cash back rewards, but other cards may provide higher value for big spenders.

Best Hotel Card

Hilton Honors American Express Card

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Up to 7X Reward Rate

Earn 7X Hilton Honors Points on eligible Hilton purchases, 5X points on eligible U.S. restaurant, U.S. supermarket, and U.S. gas station purchases, and 3X on all other eligible purchases.

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Annual Fee
$0
Welcome Offer
80,000 Points
Regular APR
20.99% to 29.99% variable
Recommended Credit
Good/Excellent (670 - 850)
Why we like it
For those who stay at Hilton hotels occasionally, the Hilton Honors American Express Card provides decent Hilton rewards without any annual fee.
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Card Details

More Card Info

  • Enjoy complimentary Hilton Honors? Silver status with your Card. Plus, spend $20,000 on eligible purchases on your Card in a calendar year and you can earn an upgrade to Hilton Honors? Gold status through the end of the next calendar year.
  • No Foreign Transaction Fees.
  • Terms Apply.
Pros
  • No annual fee
  • Automatic Hilton Silver status
  • 20% bonus points on eligible stays
Cons
  • Low point redemption value
  • Need good or excellent credit to qualify
  • Fewer perks than some travel cards
Bottom Line

If you’re opposed to paying an annual fee for a hotel card, this one offers decent rewards for no yearly charge. It’s pretty lackluster on other benefits, though.

Best for Flat Rate Cash Back - 1.5%

Capital One Quicksilver Cash Rewards Credit Card

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Up to 5% Reward Rate

Earn 1.5% cash back on all purchases and 5% back on hotels and rental cars booked through the Capital One Travel platform.

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Annual Fee
$0
Welcome Offer
$200
Regular APR
19.99% to 29.99% variable
Recommended Credit
Good/Excellent (670 - 850)
Why we like it
The Capital One Quicksilver Cash Rewards Credit Card is simple to use and understand. It offers a flat cash-back rate of 1.5% on all purchases and an even higher rate on eligible Capital One Travel purchases. You also won’t need to worry about paying an annual fee on this card, which is always nice.
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Card Details

More Card Info

  • 0% intro APR for 15 months on purchases and balance transfers, then 19.99%-29.99% variable APR
  • Balance transfer fee of 3% for the first 15 months; 4% at a promotional APR that Capital One may offer you at any other time
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • Enjoy up to 6 months of complimentary Uber One membership statement credits through 11/14/2024
  • No foreign transaction fees
Pros
  • No annual fee
  • No cap on cash back
  • Intro APR offer
Cons
  • Lower welcome bonus than some cards
  • Lower rewards rate than some cards with specific categories
  • Requires good or excellent credit
Bottom Line

This is a solid, straightforward cash-back card for people who don’t want to pay an annual fee or activate categories, but other cards may earn more.

Best for Flat Rate Cash Back - 2%

Wells Fargo Active Cash? Card

Wells Fargo Active Cash? Card
2% Reward Rate

Earn unlimited 2% cash back on all purchases

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Annual Fee
$0
Welcome Offer
$200
Regular APR
20.24%, 25.24%, or 29.99% variable
Recommended Credit
Good/Excellent (670 - 850)
Why we like it
While bonus categories can be beneficial, sometimes they can be overwhelmingly complicated. The Wells Fargo Active Cash? Card keeps things as simple as possible, earning 2% back on everything.
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Card Details

More Card Info

  • 0% intro APR on purchases and balance transfers for 15 months from account opening, then a variable APR of 20.24%, 25.24%, or 29.99%.
  • No categories to track, activate, or remember
  • Cash rewards don’t expire as long as your account remains open
  • Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature? Concierge.
  • Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Pros
  • Unlimited 2% back on all purchases
  • Intro APR offer
  • No annual fee
Cons
  • No bonus categories
  • Smaller welcome offer than some cards
  • Charges 3% in foreign transaction fees
Bottom Line

The lack of an annual fee coupled with high flat-rate rewards makes this card a valuable asset to any wallet.

Best for Dining Rewards

U.S. Bank Altitude? Go Visa Signature? Card

U.S. Bank Altitude? Go Visa Signature? Card
Up to 4X Reward Rate

Earn 4X points on dining, takeout, and restaurant delivery. Earn 2X points on groceries, gas, EV charging, and streaming services. Earn 1X points on all other eligible purchases.

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Annual Fee
$0
Welcome Offer
20,000 points
Regular APR
18.24% - 29.24% variable
Recommended Credit
Excellent (740 - 850)
Why we like it
For avid foodies, the U.S. Bank Altitude? Go Visa Signature? Card offers generous rewards on dining purchases for no annual fee.
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Card Details

More Card Info

  • $15 credit for annual streaming purchases like Netflix, Hulu, Spotify?, Apple TV+, and more
  • 0% Intro APR on purchases and balance transfers for the first 12 billing cycles. After that, a variable APR applies, currently 18.24% - 29.24%.
  • Redeem points for merchandise, cash back, charity, gift cards and travel or redeem instantly for purchases with Real-Time Rewards.
  • Every Altitude? Go Visa Card is made with recycled plastic, helping to reduce the amount of plastic waste in the environment.
  • No foreign transaction fees.
  • Points never expire.
  • Terms and conditions apply.
Pros
  • Earns 4X points on dining, takeout, and delivery
  • Generous welcome offer
  • Intro APR offer for eligible purchases and balance transfers
Cons
  • High regular APR after intro offer
  • Low earning rate of 1X points on regular spending
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Let's compare the best credit cards with no annual fee

Advertiser Disclosure

Best no annual fee cards of 2024: Editorial reviews

Chase Freedom Unlimited?

[ jump to details ]

Best for Flexible Cash Back Rewards [Our Top Pick]
Most no-annual-fee cards on this list have a few solid cash-back bonus categories and then a fallback of 1% on purchases not in those categories. The Chase Freedom Unlimited? is a level above, with a fallback rate of 1.5%, along with high cash-back rates in a variety of categories. For the first year, you can also take advantage of an even higher rate with Freedom Unlimited’s unique welcome offer (available through LA Times Compare, may not be available through other sites).

Capital One SavorOne Cash Rewards Credit Card

[ jump to details ]

Best for Dining and Entertainment
The fact that the Capital One SavorOne Cash Rewards Credit Card has no annual fee is a fact that baffles us frequently because it is such a terrific card. You can get up to 8% cash back in various categories, like 3% back on dining, entertainment, popular streaming services, and grocery stores. Coupling that with an intro APR offer, an easy-to-earn welcome offer, and its lack of an annual fee makes it one of our favorite cards on this list.

Blue Cash Everyday? Card from American Express

[ jump to details ]

Best for Groceries
The Blue Cash Everyday? Card from American Express is a great rewards card for everyday purchases. It offers a generous rewards rate of 3% cash back in everyday shopping categories (like U.S. supermarkets) on up to $6,000 of spending. After hitting this spending cap, however, the rewards rate is pretty mediocre, dropping to 1%. But all in all, for a no-annual-fee card, this one is a good option.

Capital One VentureOne Rewards Credit Card

[ jump to details ]

Best for Travel
Most travel credit cards have an annual fee, but not the Capital One VentureOne Rewards Credit Card. It’s certainly not as benefit-heavy as its paid-fee travel card counterparts, but it does come with a variety of valuable benefits. Cardholders can take advantage of an easily navigated reward program, no annual fee (obviously), a long 0% APR offer, a solid welcome offer, and more. All in all, not a bad set of perks, if you ask us. However, if you travel a lot, we give you permission to pay an annual fee and upgrade to a higher-tier card— you’re worth it.

American Express Blue Business Cash? Card

[ jump to details ]

Best for Businesses
American Express business cards are some of the best in the industry, and the Blue Business Cash card is no different. With 2% cash back on everything on up to $50,000 spent each year, it’s a simple, straightforward way for small businesses to earn a bit back on the purchases they make. Some other business credit cards may have higher earning rates but many of them charge annual fees.

Hilton Honors American Express Card

[ jump to details ]

Best Hotel Card
Most hotel credit cards charge lofty annual fees, so the Hilton Honors American Express Card stands out. It comes with a generous welcome offer, high points-earning capability, complimentary Hilton Honors Silver status, and more; a great set of perks for no yearly cost.

Capital One Quicksilver Cash Rewards Credit Card

[ jump to details ]

Best for Flat Rate Cash Back - 1.5%
You may be looking at the Capital One Quicksilver Cash Rewards Credit Card and wondering “why would I get a card with 1.5% back if I can get the Wells Fargo Active Cash with 2% back?” Well, you see, unlike the Wells Fargo card, this card has the added bonus of elevated (5%) cash back on eligible travel purchases. Ultimately, the choice between the two cards depends on your personal spending habits and goals. However, if you travel even occasionally, this Capital One card may be more beneficial.

Wells Fargo Active Cash? Card

[ jump to details ]

Best for Flat Rate Cash Back - 2%
If your goal is to earn flat-rate cash back on all purchases, the Wells Fargo Active Cash card does just that. It’s no-frills, with unlimited 2% back on all purchases and no extra reward categories. It may not be the highest-earning card out there but if you don’t like keeping track of categories, 2% can still add up quickly.

U.S. Bank Altitude? Go Visa Signature? Card

[ jump to details ]

Best for Dining Rewards
The dining rewards you can earn on this U.S. Bank credit card are exceptional for a card with no annual fee. It doesn’t have an entertainment category like the Capital One SavorOne, but if most of your spending comes from going out to eat (or ordering in), the 4X points this card earns on dining can rival the rewards of some high-fee competitors.

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What is an annual fee?

An annual fee on a credit card is a yearly expense charged to your account by a bank to continue using the card. Many of the best credit cards require you to pay an annual fee in exchange for high-value rewards, but some cards do not require a yearly payment at all.

What does it mean to have no annual fee?

If you have a credit card with no annual fee, you won’t be charged a yearly cost to keep using it.

However, like any credit card, you will still be required to pay other associated fees like balance transfer fees, foreign transaction fees, and APR.

No annual fee credit cards: Pros and cons

Like any credit card, there are always pros and cons that you should consider. Cards with no annual fee offer great benefits without additional costs, but they are not without their shortcomings.

Pros (why no annual fee cards are great)
  • A lower cost of ownership can help you save money, which may help you build up your FICO score.
  • No pressure to spend enough to “make up for” a yearly cost.
  • Many cards still have options for earning rewards.
Cons (where no annual fee cards fall short)
  • Typically have smaller welcome offers than their yearly-fee counterparts.
  • Less lucrative perks than some cards with a fee.
  • Other fees, like balance transfer fees, still apply.

Is it worth it to get a credit card with an annual fee?

Sometimes it may be worth paying an annual fee on a card. Cards with annual fees tend to have more valuable rewards than their no-fee counterparts, so if you’re in the market for a reward-heavy card, you might need to pay an annual fee.

It doesn’t cost you anything to not use a no-annual-fee card as there isn’t a yearly cost to offset. On a card with an annual fee, you need to ensure you utilize the rewards enough to counterbalance the cost, otherwise you are essentially netting a loss.

The goal with a card with an annual fee isn’t only to earn enough to offset the yearly cost, it’s utilizing the rewards beyond that point.?

Consider this example of the Blue Cash Preferred Card and the Blue Cash Everyday Card from American Express. In this illustration, we will evaluate each card after the first year.

Card Annual fee Reward rate at U.S. supermarkets Cash back earned on $1,000 spent at U.S. supermarkets yearly (approx. $19/week) Value minus annual fee Cash back earned on $5,000 spent at U.S. supermarkets yearly (approx. $96/week) Value minus annual fee
Blue Cash Preferred $95 ($0 the first year, see rates and fees) 6% back on up to $6,000/year, then 1% $60 -$35 $300 $205
Blue Cash Everyday $0 3% back on up to $6,000/year, then 1% $30 $30 $150 $150

If you frequently spend a lot on groceries at supermarkets in the U.S., (excluding Target, Walmart, or warehouse stores), then the Blue Cash Preferred card could be of immense value to you. However, if you don’t spend quite as much on groceries per week, then the no-annual-fee Blue Cash Everyday card may be a better option. If you tend to shop at stores like Target, Walmart, or Costco, a flat-rate cash-back card like the Wells Fargo Active Cash card may be more up your alley.

Another example would be the Capital One VentureOne Rewards Credit Card and the Capital One Venture Rewards Credit Card. This example will only consider the non-travel rewards rate to make it easier to illustrate.

Card Annual fee Reward rate on all purchases Miles earned on $2,600 spent annually ($50/week) Value minus annual fee Miles earned on $10,400 spent annually ($200/week) Value minus annual fee
VentureOne $0 1.25X miles 3,250 (worth approx. $45) $45 13,000 (worth approx. $182) $182
Venture Rewards $95 2X miles 5,200 (worth approx. $72) -$23 20,800 (worth approx. $290) $195

1 Capital One mile = approximately 1.4 cents, based on our valuation.

In this example, the Venture Rewards card does not catch up with the VentureOne until you have spent almost $200 per week since the Venture had to recoup an annual fee, and the VentureOne did not.

Although these illustrations don’t consider other rewards, they can hopefully help aid your understanding of how to evaluate the benefit of a card with or without an annual fee.

Why do some credit cards have an annual fee?

Credit card issuers charge an annual fee to offset high-value perks or an enticing sign-up bonus. Lucrative rewards don’t often come for free, so credit issuers charge a yearly fee to recoup some of their expenses.

When shopping for a swipe card, it’s essential to see if they charge a yearly fee. Every card is different and annual fees can be hundreds to thousands of dollars.

Therefore, if you’re interested in a top-of-the-line rewards card with luxury perks, you may also have to pay a high annual fee. Credit cards with no fee generally offer lower rewards rates and few extras, but if you’re looking to stay within a budget while still racking up some decent rewards, they offer many great options.

Our top 3 favorite cards without annual fees

Advertiser Disclosure

Chase Freedom Unlimited?

Chase Freedom Unlimited?
LEARN MORE on Bankrate's secure site
Key Information
Enjoy 6.5% cash back on travel purchased through Chase Travel?, 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel?, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% cash back on all other purchases. $0 annual fee.
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Capital One SavorOne Cash Rewards Credit Card

Capital One SavorOne Cash Rewards Credit Card
LEARN MORE on Bankrate's secure site
Key Information
Earn 3% cash back on dining purchases, entertainment, and popular streaming services. Earn 3% cash back at grocery stores, and earn 1% cash back on all other purchases. $0 annual fee.
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Blue Cash Everyday? Card from American Express

Blue Cash Everyday? Card from American Express
LEARN MORE Rates & Fees / Terms Apply on Bankrate's secure site
Key Information
Earn 3% cash back on up to $6,000/year spent at U.S. supermarkets (then 1%), 3% back on up to $6,000/year at U.S. gas stations (then 1%), 3% back on up to $6,000/year on online retail purchases (then 1%), and 1% back on all other eligible purchases. $0 annual fee.
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Who should get a no-annual-fee card?

Credit cards without annual fees can benefit almost anyone, but can be especially useful if:

Who shouldn’t get a no-annual-fee card?

No-fee credit cards are perfect for those who don’t make many purchases or don’t want to deal with a yearly cost. In some cases, however, paying an annual fee may be worth it.?

How to choose a credit card with no annual fee

There are a lot of great credit cards without an annual fee, so how do you pick? To help make your choice, consider the following:

  1. Think about how you spend your money.
    Many rewards cards offer elevated rates on purchases in categories like groceries or dining. Choose a card with spending categories that line up with your personal shopping habits.
  2. Look at the reward structure.
    Are you willing to utilize a card that earns points or miles, or are you looking for one that earns cashback?
  3. Figure out your plans.
    Do you plan to make a large purchase or carry a balance? Consider looking for a?balance transfer card?or a card with a?0% introductory APR?offer.
  4. Consider which perks you want.
    Do you want travel perks like?travel insurance,?TSA PreCheck or Global Entry? Are you hoping for a card with generous statement credits? In this case, it may be worth comparing cards with an annual fee.

How to maximize your no-annual-fee card

How we selected our top cards

We picked our top credit cards based on their rewards rates, sign-up offers, foreign transaction fees, balance transfer fees, travel perks, and more. We wanted to focus on cards that still offer high rewards and bonuses without the additional cost of an annual fee.

Other credit cards to consider:

No annual fee credit cards FAQ

Is it ever worth it to pay an annual fee?

As a cardholder, you are likely to earn better rewards and benefits if you pay an annual fee. However, you need to consider how often you use your card. To break even, you would, for example, need to earn a minimum of $49 in rewards if you pay $49 in annual fees. A no-annual-fee card is better if you use your card minimally.

No annual fee credit cards are great for budget-conscious people and many offer rewards for everyday purchases.

Can I get a no annual fee credit card if I have bad credit?

It’s possible to get a credit card with bad credit, but it may not come with the cash back match rewards and travel points that premium cards may offer. Often, it will be a basic card that allows cardholders to build their credit.

Will there still be a welcome bonus if the card has no annual fee?

Possibly, depending on the card that you choose. Not all no-fee cards have a welcome bonus, but they may offer different incentives and rewards.

A welcome bonus is a great option for earning extra cash. However, if you’re watching your budget, it may be hard to qualify since most require a certain amount of purchases made within a specified period. On cards with no annual fee, the bonuses are often smaller, and the spending requirements are lower than on other cards.

Which credit card has the highest annual fee?

The exclusive, invite-only Centurion Card from American Express has the highest annual fee, at a whopping $5,000 per year.?

As for non-exclusive credit cards with high annual fees and equally high value, we love The Platinum Card from American Express ($695 annual fee), the Chase Sapphire Reserve ($550 annual fee), the Capital One Venture X Rewards Credit Card ($395 annual fee), and the American Express? Gold Card ($250 annual fee, see rates and fees).

Is it good to get a credit card with no annual fee?

Cards with no annual fee are great for people who don’t use a credit card very frequently or who don’t want to worry about a yearly cost to offset. They can also help to fill reward-earning gaps from where your other credit cards may fall short.

What is the best no fee credit card for rewards?

The best no-fee credit card for you depends on your spending habits, but we love the Capital One SavorOne Cash Rewards Credit Card and the Blue Cash Everyday? Card from American Express for their high-value rewards on everyday categories.

The comparison team is a proud partner of the LA Times and is a combination of expert writers, editors, and contributors specially selected for their extensive experience writing and working in the financial industry. Every article written is thoroughly researched, edited, reviewed, and then fact-checked by a member of The LA Times staff before publication to ensure you receive accurate information.

* Opinions expressed here are those of the LA Times Compare Cards Team and have not been reviewed or approved by any advertiser or entities included within this content. See our editorial policy for more details.

All products or services are presented in this content without warranty. The information, including card details such as rates and fees, is accurate at the time of publish. Please visit each bank's website directly for the most current information.

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