Best No Annual Fee Credit Cards

No one likes to pay an annual fee, but when it comes to credit cards the features sometimes make it worth considering. It usually comes down to how you plan to use the card and whether super-luxury perks are important to you. Before you pay that fee, though, remember that there are some stellar no-annual-fee options out there with plenty of features, perks and rewards-earning opportunities.

Best No Annual Fee Credit Cards (6)

PNC points Visa Credit Card

  • Earn 4 points per $1 spent on purchases
  • No Annual Fee

Clearpoints Credit Card

  • Introductory purchase APRs
  • Introductory Balance Transfer APRs
  • No annual fee

American Riviera Bank Preferred Points Card

  • Optional Preferred Points Rewards. Earn one point for each dollar spent, up to 10,000 points per month. Redeem anytime for a wide variety of options including cash back, travel, merchandise, retail gift cards, and much more.
  • Price Protection. Should you find a lower price for a new item within 60 days from the date of purchase using your eligible credit card, you may be reimbursed for the price difference.
  • Baggage Delay Insurance. Reimburses you for replacing essential personal or business items in your luggage, if the baggage you have checked on to a common carrier is delayed in transit and your tickets were purchased using an eligible credit card.*
  • Extended Warranty. Doubles the original manufacturer's or store brand warranty for up to one year when you pay with your eligible credit card.*

PNC points® Visa® Credit Card

  • Earn 4 points for every $1 in purchases
  • Earn even more points with PNC Virtual Wallet or an eligible PNC Checking account when you meet additional requirements
  • Redeem your points for thousands of valuable rewards – including cash, name brand merchandise, travel, and more
  • No annual fee

MyPoints® Rewards Visa® Credit Card

  • Pay your bill
  • View past monthly statements
  • Get fast, convenient online access

NFL Extra Points Credit Card

No one likes to pay an annual fee, but when it comes to credit cards the features sometimes make it worth considering. It usually comes down to how you plan to use the card and whether super-luxury perks are important to you. Before you pay that fee, though, remember that there are some stellar no-annual-fee options out there with plenty of features, perks and rewards-earning opportunities.

Low Rate Credit Cards

Citi Diamond Preferred Card - 21 Month Intro Offer on BT and Purchases

  • Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 13.99% - 23.99% based upon your creditworthiness*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer
  • Citi? Price Rewind searches for lower prices online for 60 days for your registered purchases: you can get back up to $500 per item and $2,500 a year*
  • $0 liability on unauthorized purchases and Citi? Identity Theft Solutions
  • No annual fee*
  • Free access to FICO? Scores*

Citi Simplicity Card - No Late Fees Ever

  • The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee%u2026EVER
  • 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 14.99% - 24.99% based on your creditworthiness*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater
  • The same great rate for all balances, after the introductory period
  • Save time when you call with fast, personal help, 24 hours a day %u2013 just say %u201Crepresentative%u201D
  • Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month

Citi Double Cash Card - 18 month BT offer

  • Earn cash back twice on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.49% - 24.49% based on your creditworthiness
  • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases.
  • No categories to track, no caps on cash back, no annual fee*

U.S. Bank Visa® Platinum Card

  • 0% Intro APR on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 10.99% - 22.99%
  • Great Offer for Customers of U.S. Bank, a 2017 World's Most Ethical Company? - Ethisphere Institute, March 2017
  • No Annual Fee
  • Flexibility to choose a payment due date that fits your schedule
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your U.S.Bank Visa? Platinum Credit Card. Certain terms, conditions, and exclusions apply.

Wells Fargo Platinum Visa® Card

  • 0% Intro APR for 18 months on purchases and balance transfers, then a 16.15%-25.99% variable APR; balance transfer fees apply
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum Visa® Card
  • Free access to your FICO® Credit Score with Wells Fargo Online®
  • Zero Liability protection for promptly reported unauthorized transactions
  • Convenient tools to help create a budget and manage your spending with My Money Map
  • $0 Annual Fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions

1. What is a low rate credit card?

The low rate credit card is a kind of credit card with a lower-than-average interest rate. The rate is lower than the average APR, and could be down to 0% sometimes.

What does ‘low rate’ mean?

The interest rate that a bank uses to advertise its credit card is usually the purchase rate - the interest that applies to the balance portion of normal purchases and payments. The average interest rate is about 17-18%. Other transactions, such as cash advances and balance transfers, are set at different rates.

This ratio is shown as the annual percentage ratio (APR), which is the amount of interest that the balance is theoretically attracted during the year. Interest is actually calculated daily, daily percentage rate, and applied once a month on your credit card statement. You can calculate the daily percentage rate as APR%/ 365.

At the end of the interest-free date, if your account balance is ongoing, interest rates will begin to take effect.

What types of low interest cards are there?

There are mainly two types of low interest cards:

 0% on purchases within a period of time

 Cheap interest rates

Do you need a low rate credit card?

If you don’t pay off your balance in full every month and need the security of a low rate in the future. And if you already have a large balance, you can apply for a low rate credit card and benefit from this credit card.

2. What are the benefits of low rate credit cards?

Long-term low rates

Compared to other credit cards, low interest cards offer long-term low interest rates or even 0% introductory period on spending. If you are a person with a monthly balance, it is equivalent to saving a lot of interest.

Sign-up bonus:

Some low rate credit cards also offer great sign-up bonuses.

Rewards programs:

Some credit cards with low rates still offer rewards programs, so you can earn points when you make purchases.

Low annual fee:

Many low interest cards have a very low annual fee than other credit cards. Some really worthy low rate credit cards have $0 annual fee.

3. What do you need to apply for a low rate credit card?

Credit score

The issuer will review your personal credit history when determining whether to approve your credit card and what terms you are eligible for. Responsible past use of credit will maximize your chances.

Credit card application

You can apply for a low rate credit card online, in banks or by email depending on the card. And you just need to fill in your personal information and submit your application. The credit card issuer will consider your credit reports and several different factors when reviewing your application to get an idea of your creditworthiness.

4. How to use a low rate credit card?

Read your credit card terms and conditions.

You need to have an understanding of the terms of your credit card in order to use it better and avoid paying extra fees.

Make sure you know how long your low interest rate will last

Although low rate credit cards offer a very low interest rate, the interest rate will revert to the higher interest after the period of time, such six months or one year.

Try not to take out cash

Because the interest rate on cash is still high, we don’t recommend you to use these cards to take out cash.

Pay your bill on time

Low rate credit cards still charge you late payment fees. Therefore, we recommend you to pay the bill in full on time in order to avoid paying extra fees.

What is an annual fee?

An annual fee on a credit card is a charge made each anniversary year. An annual fee might be charged on a credit-builder card, a rewards card or a luxury card, for example. Typically, you are benefiting in some fashion for having the card, such as when it's a hotel or airline card.

Annual fees can run as low as $25, which the Wells Fargo Secured card charges, to as high as $450, which the Citi Prestige card charges. However, surprisingly few credit cards have an annual fee – only 24 out of 100 surveyed, according to a CreditCards.com study. Nine of those 24 lower or waive the fee for a new cardholder's first year. Among those cards with no annual fee, there are some standouts that offer truly impressive value – take a look at our favorites and let us know if you have any questions!

Common benefits of a no annual fee card

From the choice in cards to the amount of spending, there are a number of benefits of a card with no annual fee. While the rewards may not be as generous as a card with an annual fee, it's still worth your while to compare. Here are common benefits of cards without annual fees:

1. No ongoing charge. If you pay on time and in full each month, you can avoid late fees and interest charges, as well as no annual fee if that is a feature of the card.

2. Good for the long term. If it's a card you plan to keep beyond the first year, but not one you plan to use aggressively, then a no annual fee card can be a good choice.

3. A variety of types of cards. No annual fee cards can belong to categories like cash back, balance transfer, travel, and more.

4. Good for small amounts of spending. If you don't plan to be a big spender with your card, you don't need a card with richer rewards, which often come with an annual fee.

5. Nice rewards. No annual fee cards can offer 2% back flat rate, 5% back on select categories, $150 sign-up bonus and more.

Is a no annual fee credit card right for you?

A no annual fee credit card is great for someone who is looking for a balance transfer card, trying to build credit or wants a rewards card without the hassle of an annual fee.

With a balance transfer card or 0% APR card, you avoid interest charges for a limited time – this may be a card you don't plan to use much in the future, so an annual fee isn't wanted.

Cards without annual fees can also be easier to get, because they sometimes require a lower credit score. If you need a secured card or a card for bad or fair credit, you'll want to see if there is an annual fee, which can be another cost when cash is short.

Also, while many rewards cards have annual fees, there are some without one, which is ideal if you don't plan to use the card extensively.

Finally, these cards can be great for building your credit, particularly when you pay in full and on time each month, thereby keeping your balance low.

Selection criteria: what makes a great no annual fee credit card?

1. Designed for your level of credit history and scores, as some cards are meant for excellent credit while others are meant for bad, limited, or no credit

2. A set of terms and features that suits your current needs, whether you’re looking for rewards, a long intro APR, a card to travel with, or a way to build your credit

3. A rewards program that fits your spending habits, offering points or cash back for the types of purchases you make most

4. An introductory bonus that lets you earn even more rewards

5. A 0% introductory rate on purchases and/or balance transfers, letting you pay off your balance over time without accruing interest

6. Additional perks and benefits, like discounts at particular merchants, credit score monitoring, and shopping/travel protections

7. No foreign transaction fees on purchases made while traveling outside of the U.S.

How to make the most of your no annual fee credit card?

In order to best benefit from no annual fee rewards credit cards, follow these tips:

1. Narrow your focus: Before choosing a no annual fee rewards credit card (or cards), take a look at your budget and several months’ worth of bank statements. Then, pick cards that’ll offer you the most cash back for things you already buy. You shouldn’t change your spending habits to match a rewards program.

2. Give your rewards cards a job: Don’t spread out your spending onto too many cards without a purpose or you risk making less cash back overall. Choose a few cards and assign them a job so you know what purchases to make on each one to maximize your cash back.

3. Don’t get overzealous: Rewards shouldn’t justify overspending, especially if you’re struggling with debt. It’s a reward for making legitimate purchases. After all, you won’t make enough back to put a big dent in your monthly statement. For instance, $2,500 spent on the Fidelity American Express card equals a $50 deposit. It’s a great perk, but it shouldn’t be your sole reason for buying something.

4. Read the fine print: Understand the implications of each rewards program. For the rotating category cards, you get a huge amount of cash back, but you’ll have to strategize your spending each quarter to earn it. And you have to enroll into the program by the deadline to qualify. Set a reminder on your smartphone or calendar if necessary. You don’t want to miss out on a cash back category for an entire quarter.

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