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Best No Annual Fee Credit Cards 2020

Best No Annual Fee Credit Cards 2020

Best No Annual Fee Credit Cards 2020

You don’t have to pay an annual fee to get a truly great credit card. Some of the most useful cards you can put in your wallet don’t charge annual fees — but they do offer lucrative rewards programs, along with outstanding perks and benefits. Check out our picks for the best no annual fee credit cards for 2020, from our credit card partners.

Best for first time credit card holders

Capital One Image

RECOMMENDED CREDIT SCORE

Good to Excellent (670 – 850)

Capital One® Quicksilver® Cash Rewards Credit Card

Rewards Rate:Earn unlimited 1.5% cash back on every purchase, every day
Welcome Offer:$150 after you spend $500 on purchases within 3 months from account opening
Annual Fee:$0
Purchase Intro APR:0% intro on purchases for 15 months
Balance Transfer Intro APR:0% intro on balance transfers for 15 months
Regular APR:15.49% – 25.49% (Variable)

Card Details

  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn

Best for flat-rate cash back

Citi Image

RECOMMENDED CREDIT SCORE

Good to Excellent (670 – 850)

Citi® Double Cash Card

Rewards Rate:Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
Welcome Offer:N/A
Annual Fee:$0
Purchase Intro APR:N/A
Balance Transfer Intro APR:0% intro for 18 months on Balance Transfers
Regular APR:15.49% – 25.49% (Variable)

Card Details

  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.49% – 25.49%, based on your creditworthiness.

Best for travel redemption

Bank of America Image

RECOMMENDED CREDIT SCORE

Good to Excellent (670 – 850)

Bank of America® Travel Rewards Visa® credit card

Rewards Rate:Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don’t expire
Welcome Offer: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
Annual Fee:$0
Purchase Intro APR:0% Introductory APR on purchases for 12 billing cycles
Balance Transfer Intro APR:N/A
Regular APR:16.49% – 24.49% Variable APR on purchases and balance transfers

Card Details

  • Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don’t expire
  • 25,000 online bonus points after 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
  • Use your card to book your trip how and where you want — you’re not limited to specific websites with blackout dates or restrictions

Best flat-rate rewards card with no annual fee – Best No Annual Fee Credit Cards 2020

Chase Image

RECOMMENDED CREDIT SCORE

Good to Excellent (670 – 850)

Chase Freedom Unlimited®

Rewards Rate:Earn unlimited 1.5% cash back on all purchases
Welcome Offer:Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
Annual Fee:$0
Purchase Intro APR:0% Intro APR on Purchases for 15 months
Balance Transfer Intro APR:0% Intro APR on Balance Transfers for 15 months
Regular APR:16.49% – 25.24% Variable

Card Details

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.49 – 25.24%.

Best for multiple travel rewards categories – Best No Annual Fee Credit Cards 2020

Wells Fargo Image

RECOMMENDED CREDIT SCORE

Good to Excellent (670 – 850)

Wells Fargo Propel American Express® card

Rewards Rate:Earn 3X points on eating out and ordering in Earn 3X points on travel including flights, hotels, homestays and car rentals Earn 3X points on gas stations, rideshares and transit Earn 3X points on popular streaming services Earn 1X points on other purchases
Welcome Offer:Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months – that’s a $200 cash redemption value
Annual Fee:$0
Purchase Intro APR:0% for 12 months
Balance Transfer Intro APR:0% for 12 months on qualifying balance transfers
Regular APR:15.49%-27.49% (Variable)

Card Details

  • Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months – that’s a $200 cash redemption value
  • $0 annual fee and no foreign currency conversion fee
  • Earn 3X points on eating out and ordering in

Best for choosing your own rewards – Best No Annual Fee Credit Cards 2020

Bank of America Image - Best No Annual Fee Credit Cards 2020

RECOMMENDED CREDIT SCORE

Good to Excellent (670 – 850)

Bank of America® Cash Rewards credit card

Rewards Rate:Earn 3% cash back in the category of your choice. Earn 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) Earn unlimited 1% on all other purchases
Welcome Offer:$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
Annual Fee:$0
Purchase Intro APR:0% Introductory APR on purchases for 15 billing cycles
Balance Transfer Intro APR:0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days
Regular APR:15.49% – 25.49% Variable APR on purchases and balance transfers

Card Details

  • No annual fee
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases

Best for digital wallet users – Best No Annual Fee Credit Cards 2020

Wells Fargo Image

RECOMMENDED CREDIT SCORE

Good to Excellent (670 – 850)

Wells Fargo Cash Wise Visa® card

Rewards Rate:Enjoy 1.8% cash rewards on qualified digital wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening Earn unlimited 1.5% cash rewards on purchases
Welcome Offer:Earn a $150 cash rewards bonus after spending $500 in the first 3 months
Annual Fee:$0
Purchase Intro APR:0% for 15 months
Balance Transfer Intro APR:0% for 15 months on qualifying balance transfers
Regular APR:15.49%-27.49% (Variable)

Card Details

  • Earn a $150 cash rewards bonus after spending $500 in the first 3 months
  • Earn unlimited 1.5% cash rewards on purchases
  • Enjoy 1.8% cash rewards on qualified digital wallet purchases, like Apple Pay® or Google Pay™, during the first 12 months from account opening

Best for travel expenses – Best No Annual Fee Credit Cards 2020

Capital One Image

RECOMMENDED CREDIT SCORE

Good to Excellent (670 – 850)

Capital One® VentureOne® Rewards Credit Card

Rewards Rate:Earn 1.25X miles on every purchase, every day.
Welcome Offer:20,000 miles once you spend $1,000 on purchases within 3 months from account opening
Annual Fee:$0
Purchase Intro APR:0% intro on purchases for 12 months
Balance Transfer Intro APR:N/A
Regular APR:13.49% – 23.49% (Variable)

Card Details

  • $0 annual fee and no foreign transaction fees
  • Earn a bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn 1.25X miles on every purchase, every day

Best for military families – Best No Annual Fee Credit Cards 2020

USAA Image

RECOMMENDED CREDIT SCORE

Good to Excellent (670 – 850)

USAA® Rate Advantage Visa Platinum® Card

Rewards Rate:N/A
Welcome Offer:N/A
Annual Fee:$0
Purchase Intro APR:N/A
Balance Transfer Intro APR:N/A
Regular APR:8.40% – 25.40% Variable

Card Details

  • Enjoy USAA’s lowest rate card
  • No annual fee, no foreign transaction fees, no penalty APR
  • USAA membership is available to active and former military and their eligible family members

Best for points on everyday purchases

Citi Image - Best No Annual Fee Credit Cards 2020

RECOMMENDED CREDIT SCORE

Good to Excellent (670 – 850)

Citi Rewards+℠ Card

Rewards Rate:Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter. Earn 1X Points on All Other Purchases.
Welcome Offer:Earn 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com
Annual Fee:$0
Purchase Intro APR:0% intro for 15 months on Purchases
Balance Transfer Intro APR:0% intro for 15 months on Balance Transfers
Regular APR:14.99% – 24.99% (Variable)

Card Details

  • The Citi Rewards+℠ Card – the only credit card that automatically rounds up to the nearest 10 points on every purchase – with no cap.
  • Earn 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com
  • 0% Intro APR on balance transfers and purchases for 15 months. After that, the variable APR will be 14.99% – 24.99%, based on your creditworthiness. Balance transfer fee — either $5 or 3% of the amount of each transfer, whichever is greater.

 

The Best Credit Card for Balance Transfers 2020

Wells Fargo Propel Review – Credit card review

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