Bank cards with out an annual payment are good on your first bank card, to complement your different bank cards or as an emergency supply of financing in case sudden costs come up. The widespread thread with the perfect bank cards with no annual payment is they provide a well-rounded worth proposition. Not solely do they function a number of the greatest rewards applications for maximizing your price range, they provide a fruitful welcome bonus and a fairly lengthy introductory APR interval, which can permit the cardholder to briefly keep away from curiosity on giant purchases and steadiness transfers.
Greatest cash-back bank card with no annual payment
Intro SupplyEarn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
APR16.49% – 25.24% Variable
Intro Buy APR0% Intro APR on Purchases for 15 months
Beneficial Credit score Wonderful, Good
- 5% money again on as much as $1,500 in mixed purchases in bonus classes every quarter you activate. Take pleasure in new 5% classes every quarter!
- 5% money again on journey bought by Chase Final Rewards®, our premier rewards program that allows you to redeem rewards for money again, journey, reward playing cards and extra
- 3% money again on drugstore purchases and eating at eating places, together with takeout and eligible supply service
- Limitless 1% money again on all different purchases.
Annual Payment$0
Intro Stability Switch APR0% Intro APR on Stability Transfers for 15 months
Stability Switch APR16.49% – 25.24% Variable
Stability Switch Payment Both $5 or 5% of the quantity of every switch, whichever is larger.
Overseas Transaction Charges 3% of every transaction in U.S. {dollars}
Penalty APR As much as 29.99%
- 5% money again on as much as $1,500 in mixed purchases in bonus classes every quarter you activate. Take pleasure in new 5% classes every quarter!
- 5% money again on journey bought by Chase Final Rewards®, our premier rewards program that allows you to redeem rewards for money again, journey, reward playing cards and extra
- 3% money again on drugstore purchases and eating at eating places, together with takeout and eligible supply service
- Limitless 1% money again on all different purchases.
Our Take
The Chase Freedom Flex presents a variety of cash-back rewards and extra perks all with no annual payment. The rewards embody common spending classes, and the quarterly rotating bonus classes typically catch different big-budget objects. Now by September, you earn 5% money again on fuel stations, automobile rental companies, film theaters and choose reside leisure on as much as $1,500 in mixed spending per quarter, then 1%. You may must activate this profit by your account to make the most of it, although.
You’ll be able to earn a really aggressive welcome bonus and make the most of the introductory APR. The welcome bonus might be redeemed for assertion credit towards your purchases, and the introductory APR may give you some cushion to pay again huge purchases over an extended time interval whereas avoiding curiosity costs.
For extra info, see our full evaluation of the Chase Freedom Flex.
Greatest journey card with no annual payment
Intro Supply25,000 on-line bonus factors after you make at the very least $1,000 in purchases within the first 90 days of account opening – that may be a $250 assertion credit score towards journey purchases.
APR16.24% – 26.24% Variable APR on purchases and steadiness transfers
Intro Buy APR0% Intro APR for 18 billing cycles for purchases
Beneficial Credit score Wonderful/Good
- Earn limitless 1.5 factors per $1 spent on all purchases, with no annual payment and no international transaction charges and your factors do not expire.
Annual Payment$0
Intro Stability Switch APR0% Intro APR for 18 billing cycles for any BTs made within the first 60 days. A 3% payment (min. $10) applies.
Stability Switch APR16.24% – 26.24% Variable APR on purchases and steadiness transfers
Stability Switch Payment Both $10 or 3% of the quantity of every transaction, whichever is larger.
Late Fee Payment See phrases
Overseas Transaction Charges None
Penalty APR as much as 29.99% APR
- Earn limitless 1.5 factors per $1 spent on all purchases, with no annual payment and no international transaction charges and your factors do not expire.
Our Take
This on-line solely provide might not be obtainable should you go away this web page or should you go to a Financial institution of America monetary heart. You’ll be able to make the most of this provide once you apply now.
With the Financial institution of America® Journey Rewards bank card, you earn 1.5 factors (equal to 1.5 cents) for each greenback spent on any buy, anyplace. These factors might be redeemed for assertion credit towards journey bills (like accommodations and flights) and eating places, with no restrictions on airways, web sites or dates. You may additionally take pleasure in no international transaction charges, so anyplace you journey to, you should use this bank card with out penalty. The sign-on bonus and introductory APR on purchases and steadiness transfers make this a well-rounded on a regular basis bank card, as nicely.
For extra particulars, see our full evaluation of the Financial institution of America Journey Rewards card.
Greatest welcome bonus with no annual payment
Intro SupplyIntro Supply: Limitless Cashback Match – solely from Uncover. Uncover will routinely match all of the money again you have earned on the finish of your first yr. There is not any minimal spending or most rewards. You possibly can flip $150 money again into $300.
APR13.49% – 24.49% Variable
Intro Buy APR0% for 15 months
Beneficial Credit score Good/Wonderful
- Earn 5% money again on on a regular basis purchases at completely different locations every quarter like Amazon.com, grocery shops, eating places, fuel stations and once you pay utilizing PayPal, as much as the quarterly most once you activate.
- Earn 1% limitless money again on all different purchases – routinely.
Annual Payment$0
Intro Stability Switch APR0% for 15 months
Stability Switch APR13.49% – 24.49% Variable
Stability Switch Payment 3% intro steadiness switch payment, as much as 5% payment on future steadiness transfers (see phrases)*
Late Fee Payment None the primary time you pay late. After that, as much as $41.
Overseas Transaction Charges None
- Earn 5% money again on on a regular basis purchases at completely different locations every quarter like Amazon.com, grocery shops, eating places, fuel stations and once you pay utilizing PayPal, as much as the quarterly most once you activate.
- Earn 1% limitless money again on all different purchases – routinely.
Our Take
The Uncover it® Money Again* is one other good card that prices nothing however credit score rating to open. It presents respectable rewards and an introductory APR on purchases and steadiness transfers, however what makes this card actually stand out is the Limitless Cashback Match welcome bonus. In your first yr as a cardholder, your entire money again earned is actually doubled by Uncover, with no limitations. You’ll be able to rack up much more money again with this welcome bonus than with most bank cards, however you may must be affected person to earn it, as Uncover will not match your money again till after your full first yr as a cardholder is up.
For the quarterly rotating bonus class, you may earn 5% money again on as much as $1,500 in mixed spending for the quarter, then 1%. It’s a must to activate these rewards by your account every quarter to earn them, although. Now by September, you’ll be able to earn these rewards at eating places and on PayPal purchases.
For extra info, see our full evaluation of the Uncover it Money Again.
A card that adapts to your spending
Intro SupplyEarn $200 in money again after you spend $750 on purchases within the first 3 months of account opening. This bonus provide might be fulfilled as 20,000 ThankYou® Factors, which might be redeemed for $200 money again.
APR16.24% – 26.24% (Variable)
Intro Buy APR0% for 15 months on purchases
Beneficial Credit score Wonderful, Good
- Earn 5% money again on purchases in your high eligible spend class every billing cycle, as much as the primary $500 spent, 1% money again thereafter.
- Earn limitless 1% money again on all different purchases.
Annual Payment$0
Intro Stability Switch APR0% for 15 months on steadiness transfers
Stability Switch APR16.24% – 26.24% (Variable)
Stability Switch Payment Stability switch payment applies with this provide 5% of every steadiness switch; $5 minimal.
Late Fee Payment As much as $41
Overseas Transaction Charges 3%
Penalty APR As much as 29.99% (Variable)
- Earn 5% money again on purchases in your high eligible spend class every billing cycle, as much as the primary $500 spent, 1% money again thereafter.
- Earn limitless 1% money again on all different purchases.
Our Take
The Citi Customized Money card presents flexibility in your rewards — however in contrast to with the Uncover it Money Again and Chase Freedom Flex, the versatile class is dictated by your personal spending somewhat than by the bank card issuer. With out having to manually activate something, this bank card will apply 5% money again to your topmost spending class every billing cycle, on as much as $500 spending per billing cycle (then 1%). Eligible classes embody eating places, fuel stations, grocery shops, choose journey, choose transit, choose streaming providers, drugstores, dwelling enchancment shops, health golf equipment and reside leisure.
As with the opposite choices on this checklist, you can too make the most of the welcome bonus and introductory APR with this card. For extra particulars, see our full evaluation of the Citi Customized Money Card.
Intro SupplyEarn a $200 money rewards bonus after spending $1,000 in purchases within the first 3 months
APR17.24%, 22.24%, or 27.24% Variable APR
Intro Buy APR0% intro APR for 15 months from account opening
Beneficial Credit score Wonderful, Good
- Earn limitless 2% money rewards on purchases
Annual Payment$0
Intro Stability Switch APR0% intro APR for 15 months from account opening on qualifying steadiness transfers
Stability Switch APR17.24%, 22.24%, or 27.24% Variable APR
Stability Switch Payment as much as 5%; min: $5
Overseas Transaction Charges 3%
Penalty APR None
- Earn limitless 2% money rewards on purchases
Our Take
The Wells Fargo Energetic Money Card presents an infinite 2% flat money rewards construction, making this a easy however highly effective card. There is not any worrying about reward limits or bonus classes — you may earn a flat rewards charge on eligible on a regular basis purchases. Plus, should you spend $1,000 in purchases within the first three months of opening your account, you may earn a $200 money rewards welcome bonus. You can even make the most of the low introductory APR on purchases and qualifying steadiness transfers, as it is a well-rounded card.
Take a look at our full evaluation of the Wells Fargo Energetic Money Card for extra particulars.
FAQs
How a lot are bank card annual charges?
Many rewards bank cards and journey bank cards have annual charges round $100. These are often related to higher rewards charges and perks. Some bank cards, like premium journey bank cards, can price lots of of {dollars} or much more. These bank cards typically provide a number of annual assertion credit or different area of interest advantages.
Are there steadiness switch bank cards with no annual payment?
Sure. In truth, most steadiness switch bank cards provide no annual payment. You may need to hold a watch out for steadiness switch charges, although. Most playing cards cost a 3% steadiness switch payment, however some cost as a lot as 5%. In any other case, you’ll find a handful of bank cards with no steadiness switch payment.
How will you inform if a bank card annual payment is value the associated fee?
First, ensure you have room in your price range to deal with an annual payment. You then need to be sure that any rewards or advantages you get from the bank card will outweigh the annual prices. Take into account the rewards program and the way it matches your life-style, welcome bonuses and different perks when valuing a bank card’s provide.
Our methodology
CNET critiques bank cards by exhaustively evaluating them throughout set standards developed for every main class, together with cash-back, welcome bonus, journey rewards and steadiness switch. We think about the standard spending conduct of a variety of shopper profiles — with the understanding that everybody’s monetary state of affairs is completely different — and the designated operate of a card.
*All details about the Uncover it Money Again has been collected independently by CNET and has not been reviewed by the issuer.
The editorial content material on this web page relies solely on goal, unbiased assessments by our writers and isn’t influenced by promoting or partnerships. It has not been supplied or commissioned by any third social gathering. Nonetheless, we could obtain compensation once you click on on hyperlinks to services or products supplied by our companions.
