Top Credit Cards with no annual fees – August 2018
Top Credit Cards with no annual fees: A credit card is a functional piece of plastic issued by banks and financial companies in a way to lend a specified amount of money to customers on credit for their purchases. The significant benefits of the card are personal credit, business credit, economic stimulus, and additional considerations like travel insurance, reward points, cash back, discounts on shopping, and air miles. All these benefits of collaboration take you to buy credit cards for your ease and convenience.
The only challenge that occurs is the annual fee and other associated yearly charges levied upon the card. Majority of the credit card issuers imposes its customers with a predefined annual fee for the using the card. To overcome this challenge, and remove the pressure of annual fees from the joy of using the credit and accumulating the reward points, many companies have waived off the annual fee. Some even offer a card at $0 as an introductory offer but for the further years levy a yearly charge.
Credit cards with no annual fees are most acceptable and preferred cards. Here is a list of top 7 credit cards with no annual fees:
Wells Fargo Propel American Express Card
Annual Fee: $0
APR: 14.24%
Reward Rate: 3X for dining, gas stations, travel, and transit & 1X for remaining purchases
The newly revamped card available with a host of benefits at $0 annual and foreign transaction fee. The reward rate is 3X points for all the purchases made at the gas stations, travel desk, and restaurants whereas 1Xfor purchases made elsewhere. You can use all accumulated points as a statement credit, gift cards, travel purchases, or donations.
Ink Business Cash Credit Card
Annual Fee: $0
APR: 14.99%
Reward Rate: 5X for combined purchases at the restaurant, grocery and travel on first $25,000 every annum, 2X for combined purchases at office supply stores on first $25,000 every annum & 1X for all other purchases
The Ink Business Cash card with no annual fees offers the most impressive deals and benefits regarding reward points and cash back. You can earn a bonus of $500 points after you spend an amount of $3,000 within three months of credit card purchase. Moreover, the card is also honored as the ‘Best Reward Card for Small Business Owners’ in a research and evaluation study done by Kiplinger’s Personal Finance in July 2017.
Amex EveryDay Card
Annual Fee: $0
APR: 14.74%
Reward Rate: 2X for purchases at supermarkets & 1X for all other purchases
This card issued by American Express is one of the most lucrative cards with $0 annual fee. In addition to the actual reward rate of 2% on shopping at supermarkets and 1% on other purchases, the card also offers an additional reward rate of 20% on making 20 or more purchases with the card in one specified billing period. You also get a sign-up bonus of 10,000 points on purchasing $1,000 within three months of account opening.
Citi Double Cash Card
Annual Fee: $0
APR: 15.24%
Reward Rate: 1X for all purchases and bonus addition of 1X when you make the card payment
Citi Double Cash Card is a fruitful card with one of the highest reward rates following a simple earning structure. You can enjoy the reward rate of 1% on all purchases and then get an additional 1% when you make the payment for the credit purchases. The notable benefits of the card are 0% APR for the first 18 months, travel protection, purchase protection, waived off an extra penalty on first late payment.
Discover it Cash Back
Annual Fee: $0
APR: 13.74%
Reward Rate: 5X for dining, grocery stores, gas stations, and Amazon & 1X for all other purchases
This is an excellent credit card with no annual fee and 5% cash back at various places every quarter and 1% unlimited cash back on all other purchases. You do not need to worry about the expiry of the reward points as they do not expire, giving you an opportunity to use the accumulated points whenever you feel like using.
Chase Freedom
Annual Fee: $0
APR: 16.74%
Reward Rate: 1X for all purchases
The Chase Freedom is another popular card with no annual fee and a rotating quarterly bonus of 5% on the expenditure of $1,500 within the first three months of account opening. You can use the collected reward points where you want to use.
Bank of America Travel Rewards Credit Card
Annual Fee: $0
APR: 16.74%
Reward Rate: 1.5X for all purchases
This is a wonderful option with no annual fees and the most competitive rewards rate of 1.5% on all purchases. You can use all the collected points as statement credit and for travel purchases. As an introductory offer, you get a sign-up bonus of 20,000 points on the expenditure of $1,000 within the first three months of account opening. Moreover, you also behold an opportunity to earn an additional 10% bonus point if you own saving or checking account in the Bank of America.
To conclude, these are just a few numbers of credit cards with $0 annual fee. In addition to these, there are a huge number of cards available in the competitive financial market, cards with no annual fees but host of benefits to its respective customers.
