No Annual Fee Credit Cards

It may be worthwhile to pay an annual fee for a credit card if the incentives it offers are much more valuable to the cardholder. However, in many instances, credit cards that do not levy annual fees provide greater value over the long run than those that do. Credit cards that do not have an annual fee make it simple to come out ahead, regardless of how much you spend. In addition, you won't have to pay anything extra to keep your card open for a long period, which will help your credit score by raising the average age of your accounts. Here are the best no annual fee credit cards.

Chase Freedom Flex℠

Even though there is no annual fee associated with the Chase Freedom Flex℠ credit card, cardholders may earn up to 5% cash back on certain transactions. You will also get the following introductory APR offer, in addition to the opportunity to earn a significant first welcome bonus: 0% introductory APR on purchases and debt transfers for the first 15 months after account activation; after that, a variable APR ranging from 18.74% to 27.49% will apply. After the first sixty days, the balance transfer fee is either five dollars or three percent of the amount of each transfer, whichever is bigger; after that, the fee is either five dollars or five percent of the amount of each transfer, whichever is greater.

Rewards

Bonus 5% cash back on travel booked via Chase Ultimate Rewards® (requires activation); 5% cash back on up to $1,500 spent each quarter on categories that rotate quarterly. Spending at restaurants and pharmacies earns you 3% cash back, but all other purchases only earn 1%.

Bonus Offer

After making purchases totaling $500 during the first three months of account creation, get a bonus of $200.

Other Positives and Negatives

If you make the most of each rotating category for the Chase Freedom Flex℠ credit card, you can earn $75 in quarterly rewards.

Discover it® Cash Back

If you are ready to register your card and make the most of your spending potential each quarter, the Discover it® Cash Back credit card might be profitable since it offers a rotating variety of cash-back bonus areas. The most alluring aspect of the card is the cash-back match bonus for the first year, which makes this card very beneficial for the first year you carry the card.

Rewards

When engaged, you will get 5% cash back on ordinary purchases made at various locations throughout the quarter, up to a quarterly limit of $1,500 in spending. Additionally, receive an unlimited 1% cash back on any other purchases, which will be applied immediately.

Bonus Offer

When a cardmember's first year concludes, Discover will immediately double all of the cash-back that the cardmember has earned. There is neither a minimum required expenditure nor a maximum possible return.

Other Positives and Negatives

Look in other places if you want to put it away and forget about it. You will need to "activate" the option every quarter to use the rotating cash-back category incentive. You must join to ensure you will retain a significant portion of the available incentives. Discover isn't as generally acknowledged as other bank networks in other countries.

Wells Fargo Active Cash® Card

The Wells Fargo Active Cash® Card provides its customers with a variety of benefits, including a generous sign-up bonus, an introductory period of 0% interest on purchases and balance transfers for the first 15 months after account opening, and ongoing variable rates of either 19.24%, 24.24%, or 29.24%. Transfers of existing balances made within the first 120 days of account opening are eligible for the introductory rate and fee of 3%, after which a fee of up to 5%, with a minimum of $5, will apply. In addition, high flat-rate earnings are available for customers who do not wish to keep track of bonuses or rotating categories. If you want things to be straightforward, the Wells Fargo Active Cash® Card might be the right credit card to apply for.

Rewards

Two percent cash back on all purchases.

Bonus Offer

After making purchases totaling $1,000 during the first three months, you are eligible for a cash rewards incentive of $200.

Other Positives and Negatives

In addition to the fact that it is a Visa Signature card, Active Cash also provides a mobile phone protection benefit, which is not offered by most credit cards that do not charge an annual fee. Given that it assesses a fee for transactions made in other countries, it is not the best option for usage when traveling.