Best ‘No Annual Fee’ Credit Cards

Learn which no annual fee credit cards belong in your wallet.

If you’re going to spend money, you might as well get rewarded for it. Consider applying for a no annual fee credit card to get cash or other rewards for your spending.

Some credit cards offer more rewards but charge a hefty annual fee. For example, the Chase Sapphire Reserve card includes a $300 annual travel credit and triple points on travel and dining, but you pay $450 a year just to have the card. You can avoid paying an unnecessary annual fee by opting for one of the credit cards featured below.

Here are the best no annual fee credit cards that you can sign up for today:

Best ‘No Annual Fee’ Credit Cards

If you don’t want to pay to play, read on to learn about the best no fee credit cards and how you can earn rewards for your purchases.

Discover it Cash Back Credit Card

Best for: Big spenders

  • APR: 13.74% to 24.74%
  • Intro APR: 0% for 14 months

For people who like to spend, this credit card can deliver healthy rewards — especially if you like shopping on Amazon. Cash-back rewards won’t expire, and you can redeem them in any amount.

Pros:

  • 5 percent cash back in certain categories
  • Reward matching at end of first year
  • No APR penalty for late pay
  • First late fee waived

Cons:

  • 5 percent cash back only applies to the designated category per quarter
  • Low 1 percent cash-back rewards on all other purchases

Discover it Chrome Gas & Restaurants Credit Card

Best for: Driving and dining out frequently

  • APR: 13.74% to 24.74%
  • Intro APR: 0% for 14 months

Earn 2 percent cash back on up to $1,000 in combined gas and restaurant purchases per quarter. Cash-back rewards never expire, and there are no minimum redemption restrictions.

Pros:

  • 2 percent cash back on gas and restaurant purchases
  • Cash-back matching at the end of the first year
  • No APR penalty for late pay 
  • First late fee waived

Cons:

  • Best rewards only apply to gas and restaurant purchases
  • 1 percent cash back on all other purchases

Compare: Best Credit Card Offers, Deals and Bonuses

Bank of America Travel Rewards

Best for: Airline tickets and hotel stays

  • APR: 16.74% to 24.74%
  • Intro APR: 0% for 12 statements

Bank of America allows you to pay yourself back for points earned with a cash reward, gift card or a travel credit toward your next trip. Rewards never expire, and no blackout dates or restrictions apply to travel purchases.

Pros:

  • Earn 1.5 points for every $1 spent
  • 25,000 bonus points when you make at least $1,000 in purchases during the first 90 days of your account opening
  • 10 percent customer points bonus on every purchase when you have a BOA checking or savings account

Cons:

  • Points redemption starts at 2,500 for travel credit or cash reward and 3,125 for gift cards
  • Points redeemed for cash are worth $0.006 instead of $0.01

Capital One VentureOne

Best for: Travel-related purchases

  • APR: 13.74% to 23.74%
  • Intro APR: 0% for 12 statements

If earning travel rewards is your thing, the Capital One VentureOne credit card might be right for you. The ability to earn unlimited miles, bonus miles and extra miles during select hotel stays can add up to a nice payday.

Pros:

  • Earn unlimited 1.25 miles per dollar on all purchases
  • 20,000 bonus miles credit after spending $1,000 during first three months
  • Earn 10 miles per dollar at select hotels

Cons:

  • Statement credit rewards must be redeemed within 90 days of travel purchase
  • The full 10x miles reward might take up to two billing cycles to post

Wells Fargo Propel American Express Card

Best for: Accelerated rewards on services like Uber, Airbnb and Netflix

  • APR: 14.24% to 26.74%
  • Intro APR: 0% for 12 months

With the Wells Fargo Propel card, you can enjoy the 12-month 0% APR on both purchases and balance transfers. There’s no limit on the number of points you can earn, and points never expire as long as your account is open.

Pros:

  • 30,000 bonus points for spending $3,000 in first three months
  • Cellphone protection of up to $600 when you pay your cellphone bill with card
  • 3x points for eating out, buying gas, ride-sharing, flights, hotels, homestays, streaming services and more

Cons:

  • Outside of accelerated rewards categories, you’ll only earn 1 point per dollar
  • Cellphone protection does not apply to cellphones that are lost

Discover it Miles

Best for: Flexible, unlimited earnings

  • APR: 13.74% to 24.74%
  • Intro APR: 0% for 14 billing cycles

With the Discover it Miles credit card, your rewards will never expire. You’ll also get card benefits like Social Security number alerts, the ability to freeze and unfreeze your account and a free FICO credit score.

Pros:

  • Earn 1.5 miles for every dollar, every purchase
  • Unlimited rewards
  • Reward matching at end of the first year
  • No travel rewards blackout dates

Cons:

  • Statement credit or cash for travel purchases must be redeemed within 180 days of purchase
  • Miles cannot be combined with any other rewards program

Check Out: Best 0% APR Credit Cards

American Express EveryDay Credit Card

Best for: Supermarket purchases

  • APR: 14.74% to 25.74%
  • Intro APR: 0% for 15 months

The American Express EveryDay Credit Card offers 0% APR on both purchases and balance transfers for 15 months.

Pros:

  • Earn 2x points on up to $6,000 of grocery store purchases annually; 1x points on everything else
  • Earn a 20 percent bonus on points earned in a billing period if you use the card for 20 or more purchases
  • 15,000 bonus points after you make $1,000 in purchases in the first three months

Cons:

  • Credit of 20 percent bonus points typically takes two to three months

See: 10 Things You Should Never Put on a Credit Card

Capital One Quicksilver Rewards

Best for: Earning cash rewards on your terms

  • APR: 14.74% to 24.74%
  • Intro APR: 0% for 15 months

The Capital One Quicksilver Rewards card offers 0% APR on both purchases and balance transfers for 15 months. And, as long as you keep your account active, your cash rewards will never expire.

Pros:

  • 1.5 percent cash back on all purchases
  • $150 cash bonus after spending $500 on purchases within first three months
  • Redeem rewards in any amount at any time

Cons:

Chase Freedom

Best for: Earning high cash back rewards

  • APR: 16.74% to 25.49%
  • Intro APR: 0% for 15 months

With the Chase Freedom card, you can enjoy no minimums for redeeming cash rewards.

Pros:

  • Earn 5 percent cash back on up to $1,500 of combined purchases per quarter
  • Earn 1 percent cash back on everything else
  • $150 bonus after spending $500 on purchases within first three months
  • Rewards do not expire if the account stays open

Cons:

  • 5 percent rewards restricted to designated categories each quarter
  • 5 percent rewards restricted to first $1,500 spent on eligible purchases each quarter

Learn: 6 Things You Should Always Put on a Credit Card

Chase Freedom Unlimited

Best for: Earning cash rewards on every purchase

  • APR: 16.74% to 25.49%
  • Intro APR: 0% for 15 months

Although the rewards rate isn’t as high as some other cards, the Chase Freedom Unlimited card has no restrictions on how much you can earn from every purchase you make.

Pros:

  • Unlimited 1.5 percent cash back on all purchases
  • $150 cash bonus after spending $500 on purchases within first three months
  • 0% APR for both purchases and balance transfers for 15 months

Cons:

  • Flat cash-back rate; no tiered rewards offering higher rates

Bank of America Cash Rewards Credit Card

Best for: Earning a high cash back bonus

  • APR: 14.99% to 24.99%
  • Intro APR: 0% for 12 months

With a Bank of America Cash Rewards credit card, you can receive a 10 percent customer bonus every time you choose to redeem cash back into a BOA checking or savings account.

Pros:

  • Earn 2 percent at grocery stores and wholesale clubs and 3 percent on gas
  • Earn 1 percent on all other purchases
  • $200 cash bonus after making at least $500 in purchases within first 90 days

Cons:

  • 2 percent and 3 percent cash back rewards limited to first $2,500 in combined purchases per quarter

Best No Annual Fee Credit Cards at a Glance

Here’s a quick breakdown of the most important details of these top no annual fee credit cards:

Best No Annual Fee Credit Cards
Credit CardIntro APRPurchase APR
Discover it Cash Back Credit Card0% for 14 months13.74%-24.74%
Discover it Chrome Gas & Restaurants Credit Card0% for 14 months13.74%-24.74%
Bank of America Travel Rewards0% for first 12 statements16.74%-24.74%
Capital One VentureOne0% for first 12 months13.74%-23.74%
Wells Fargo Propel American Express Card0% intro APR for 12 months14.24%-26.74%
Discover it Miles0% APR for 14 months13.74%-24.74%
American Express EveryDay Credit Card0% for first 15 months14.74%-25.74%
Capital One Quicksilver Rewards0% for 15 months14.74%-24.74%
Chase Freedom0% for 15 months16.74%-25.49%
Chase Freedom Unlimited0% for 15 months16.74%-25.49%
Bank of America Cash Rewards Credit Card0% introductory APR for the first 12 months14.99%-24.99%
Information accurate as of Sept. 17, 2018.

Click through to read about the best student credit cards.

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Cynthia Measom contributed to the reporting for this article. 

GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack, Inc., an online marketing company serving top-tier banks, credit unions, and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack, Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved, or otherwise endorsed by the companies included in the article. All fees and rates are subject to change at the issuers’ discretion. Some interest rates might be short-term or promotional offers only, and it is possible additional terms and conditions must be met in order to obtain the interest rates listed. Rates and availability might vary by region. Verify terms and conditions before opening an account.