The Best Credit Cards With No Annual Fees

By Jason Steele. Last updated 22 October 2018. 0 comments

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Most average credit card users don't need a credit card with an annual fee. Cards that come with annual fees offer higher rewards and an assortment of travel perks and shopping benefits, but if you don't spend enough to maximize on rewards or travel enough to take advantage of the additional perks, the annual fee is an unjustifiable cost.

Choosing a card without an annual fee is much like picking any other card — you need to find the one that offers the features and benefits that are best suited to how you are going to use the card. Here are the cards I would recommend to anyone looking for a credit card without an annual fee.

Bank of America® Travel Rewards credit card

When traveling internationally, credit cards can be the most secure and convenient method of payment. Unfortunately, many cards are incompatible with the latest generation of credit card readers in use around the world that require an EMV smart chip. And many of the cards that do have an EMV chip also have a 3% foreign transaction fee, an annual fee, or both. The is one of the only rewards cards that offers both an EMV smart chip along with no foreign transaction fees or annual fee. Cardholders also receive a competitive rewards program that features 1.5 points per dollar spent on purchases, and each point is worth one cent statement credit towards travel purchases. Plus, get a 25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases. (See also: The Best Travel Rewards Credit Cards)

American Express Cash Magnet™ Card

The has no annual fee and a low intro APR of 0% for 15 months on purchases and balance transfers. After that, a variable rate, currently 14.99% to 25.99% applies. New cardholders can earn up to $250 back — a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership, and an additional $100 statement credit after you spend an additional $6,500 in purchases within your first 12 months. This card also offers unlimited 1.5% cash back on your purchases. Terms apply. .

Citi® Double Cash - 18 month BT offer 

The from our partner Citi is the no fee card for those who want to maximize the amount of cash back rewards they receive from their regular spending. Cardholders earn 2% cash back on purchases: 1% when you buy 1% as you pay your bill. For a straight cash rewards credit card, it's one of the best available when it comes to getting cash back for all your purchases (not just the ones in bonus categories). (See also: Best Cash Back Credit Cards)

HSBC Cash Rewards Mastercard® Credit Card

The  has no annual fee or foreign transaction fee. It awards an unlimited 1.5% cash back on all purchases. You can redeem your cash rewards for cash, gift cards, merchandise, and travel. You also get a 10% anniversary bonus on the cash rewards you’ve earned each year. Plus, new cardholders can earn $150 cash rewards after spending $2,500 in the first 3 months. There is a 0% Intro APR for 15 months on balance transfers, then a 14.99%, 18.99% or 24.99% variable APR applies. .

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