10 Best Rewards Credit Cards With No Annual Fee in 2022

If you prefer spending your money on other things, you might look for the best rewards credit cards with no annual fee because paying yearly fees may be inconvenient. Credit cards that charge an annual fee, on the other hand, might be beneficial, offering extra features. We’ve compared many credit card options after considering whether or not they have an annual fee.

Those who find it inconvenient to pay fees for card maintenance at one time each year may benefit from credit cards that have no annual fee. Several credit cards with no annual charge provide zero introductory APR and other benefits.

We’ve compiled a list of ten no-fee rewards credit cards with Bonus cashback, Flat-rate cash back, hotel & dining points, travel points, and other services. As a result, we’ll go through the essential terms and conditions in detail below.

1. Capital One Savor Rewards Card (Best For Dining & Hotel)

(Annual Fee: 0 dollars, Intro APR: 0% APR for the first 15 months, Regular APR: 14.99% to 24.99% Variable APR.)

2. Chase Freedom Flex Credit Card (Best For Reward Category)

(Annual Fee: 0 dollars, Intro APR: 0% intro APR for first 15 months, Regular APR: 14.99% to 23.74% Variable APR.)

3. Wells Fargo Active Cash Credit Card (Best For Flat-rate cashback)

(Annual Fee: 0 dollars, Intro APR: 0% intro APR for 15 months from account opening, Regular APR: 14.99% to 24.99% Variable APR).

4. Capital One Venture Mile Rewards Card (Best For Travel)

(Annual Fee: 0 dollars, Intro APR: 0% APR on purchases & balance transfers for first 15 months, Regular APR: 14.99% to 24.99% variable APR).

5. American Express Blue Cash Preferred (Best For Families)

(Annual Fee: 0 dollars for 12 months, then 95 dollars per year, Intro APR: 0% for the first 15 months from the date of account opening, Regular APR: Regularly charges 13.99% to 23.99% Variable APR).

6. Capital One Quicksilver Rewards Card (Best For Cash Back)

(Annual Fee: 0 dollars, Intro APR: 0% intro APR on purchases & balance transfers for 15 months, Regular APR: 14.99% to 24.99% variable APR.)

7. Citi Custom Cash Card (Best For Automatic bonus)

(Annual Fee: 0 dollars, Intro APR: 0% on purchases & balance transfers for first 15 months, Regular APR: 13.99% to 23.99% variable APR.)

8. Discover It Cash Back (Best For Bonus Categories)

(Annual Fee: 0 dollars, Intro APR: 0% for first 15 months on purchases and balance transfers, Regular APR: 11.99% to 22.99% Variable APR regularly.)

9. Ink Business Cash Credit Card (Best For Small Business)

(Annual Fee: 0 dollars, Intro APR: 0% APR on Purchases for first 12 months, Regular APR: Charge 13.24% to 19.24% Variable APR on regular basis.)

10. Wells Fargo Reflect Card (Best For Intro APR)

(Annual Fee: 0 dollars, Intro APR: 0% intro APR for up to 21 months from account opening, Regular APR: 12.99% to 24.99% Variable APR.)

10 Best Rewards Credit Cards With No Annual Fee 2022

If you’re looking for a way to get more benefits after each purchase, a rewards credit card with no annual fee is ideal. Though there are many providers who comes with such cards, not all offer the same terms or services.

We’ve hand-picked the top alternatives based on important criteria such as annual fees, monthly APRs(Annual Percentage Rates), maintenance expenses, regular APRs, introductory offers, purchase & spending bonuses, customer services, and ease of use. Let’s go through them in depth!

1. Capital One Savor Rewards Card

Best Rewards Credit Cards With No Annual Fee - Capital One Savor Rewards Card

Capital One is a financial services company based in Virginia, United States, that provides banking and other services. Capital One also offers a wide range of credit cards in various fields.

The Capital One Savor Rewards Card is perfect for those who love to earn rewards without having to pay an annual fee. However, in order to apply for this credit card, you must either have an excellent credit score or great credit history.

If you are a couple that wants to go out frequently, the Savor One Rewards card from Capital One is an excellent choice. They provide numerous benefits for dining, restaurants, and entertainment sectors.

entertainments such as movie theaters, zoos, plays, sporting events, concerts, theme parks and dance clubs.

Advantages Of Capital One Savor Rewards Card

  • For transactions outside of the United States, you won’t have to pay any international transaction fees.
  • For the first 15 months, they offer 0 percent APR on balance transfers and other purchases.
  • You may earn up to 3% cash back on selected dining, streaming, and entertainment services at grocery stores.
  • In addition, they offer up to 1% cashback on all other purchases.
  • The Capital One rewards card has no annual fee, so you can use it as often as you like without paying any extra charges.
  • 24-hour travel assistance and accident insurance services are included.
  • Get a 200-dollars-on-a-single-transaction minimum purchase of $500 within the first three months.
  • Depending on your creditworthiness, they will charge a variable APR of 15.99%, 20.99%, or 23.99%.

Savor One and Savor One credit cards from Capital One offer no transaction costs, and their annual fees are just 95 dollars for the first year.

Balance transfers incur a 3% fee, as well as a 10-dollar or 3% cash advance charge. They charge up to 40 dollars in late payment or penalty fees. Find out more about Capital One credit cards’ advantages.

2. Chase Freedom Flex Credit Card

Chase Freedom Credit Card

Chase is a credit card service provider, operated mainly by Chase Bank located in New York.

Chase also offers mobile banking, as well as other financial services such as credit cards. You can look through Chase’s credit card service to see what type of credit cards they provide.

The Chase Freedom Flex Credit Card is a great Rewards credit card with no annual fees for Cash Back.

Using this allows you to rack up rewards points while still attending to your everyday responsibilities. It’s especially useful for groceries–you and a partner can get even more rewards that way.

Advantages of Chase Freedom Flex Credit Card

  • For both new and existing customers, this card has no annual fee.
  • Get up to 1% cashback on everything
  • Get 3% cashback on your next meal, prescription, and other deliveries.
  • You may also earn 5% cashback on travel purchases made with your Chase Ultimate Rewards card.
  • For the first fifteen months, they’ll offer 0% APR on balance transfers and other purchases.
  • Get a $200 bonus for spending more than 500 dollars in the first three months.
  • The SimplyCashPlus Visa® Card from TD Bank offers 5% cashback on combined purchases of up to 1500 dollars.
  • You may earn up to 60000 bonus points on purchases of 4000 or more dollars in your first three months.

However, if you want to learn more about the pricing and terms of Chase credit cards, visit this page. The application process for the Chase Freedom Flex credit card is pretty much straightforward.

You have the option to sign up for faster application processing, or you can apply as a guest. Chase also offers 1:1 point transfers to their Airline and Hotel Travel partners.

3. Wells Fargo Active Cash Credit Card

Best Rewards Credit Cards With No Annual Fee - Wells Fargo Active Cash Card

Wells Fargo is a leading banking and financing corporation in the United States, headquartered in San Francisco, California. They offer a wide selection of credit cards- Active Cash, Reflect, Hotels.com Rewards Visa, etc.

If you’re looking for a card with the lowest APR, Reflect is your best bet. If you travel often and want to book hotels, Hotels Rewards Visa is the way to go. However, both of these cards require good-to-excellent credit scores (690-850).

For one of the best rewards credit cards with no annual fee and flat-rate cashback bonuses, Wells Fargo Active Cash is hard to beat.

IIt’s beneficial for couples to use reloadable prepaid cards with no fees for everyday spending, regardless of the purchase category. For example, they offer an amazing sign-up bonus and a flat rate of rewards during the 0% APR introductory period.

Advantages of Wells Fargo Active Cash Credit Card

  • They offer up to $600 in protection for cell phone damages or theft.
  • Wells Fargo offers contactless checkout options for faster transactions.
  • For any purchases on any criteria, you may earn up to 2% cash back rewards.
  • The annual fee for card functionality is 0 dollars.
  • For the first 15 months, you may get 0% interest on balance transfers and other purchases.
  • You can get $200 cashback if you spend at least $1,000 within the first three months.
  • With the Wells Fargo Mobile App, you can easily pay credit card bills and monitor account activity.
  • Zero Liability protection means that you won’t have to pay for any unauthorized transactions.

Use Paypal to redeem your bonuses and reward points. With a Wells Fargo Active cash back credit cards no annual fee, you’ll get great benefits.

The reward points will be credited to your account in as little as 1 dollar once you make a payment using Wells Fargo ATMs. You may redeem rewards for purchases made with Wells Fargo ATMs up to 20 dollars at a time. You can withdraw reward points in 25-dollar increments using gift cards.

4. Capital One Venture Miles Rewards Card

Capital One Venture Miles Rewards Card

Capital One, a banking service provider headquartered in Virginia, United States, offers an array of credit cards with great perks and no annual fee rewards credit card. The Capital One Venture Miles Rewards Card is one of the best travel credit card no annual fee perfect for racking up points on roaming expenses.

With a Capital One Venture Miles credit card, couples can earn more rewards. For every mile earned, 1.4 cents are returned, and when you get double the miles for your purchase, that equals to 2.8 percent per hundred spent.

You must have a good credit score or financial history ranging from 690 to 850 in order to join the Venture Miles Credit Card program.

Advantages of Capital One Venture Miles Reward Card

  • Get up to 60000 miles for a minimum purchase of 3000 dollars within the first three months.
  • Gives 2 points on each dollar spent in any categories
  • Get 5 points per dollar spent on hotels and rental cars booked by Capital One Travel
  • They require an annual fee of 95 dollars
  • Each purchase requires a variable APR of about 15.99 to 23.99 percent.
  • Includes 24-hour Travel aid Services with Travel Accident Insurance
  • Get unlimited double Capital One miles on purchases over 100 dollars in Global Entry or TSA Precheck credit applications
  • You don’t need to pay any foreign transaction fees for transactions outside the USA

Additionally, if you book your travel using their auto-set alert for the best price journey, you’ll almost certainly get the best rate. However If you’re transferring a credit balance (3%), or taking out a cash advance (10 dollars or 3% of the amount), there are fees involved. Late payment fees can be as high as 40 dollars. For more information on Capital One credit cards and their bonuses, go to this page.here.

5. American Express Blue Cash Preferred

Best Rewards Credit Cards With No Annual Fee - American Express Blue Cash Preferred

Amex is a well-known brand in the world of credit cards and money transfers. They provide a wide range of credit cards with extensive benefits, including the finest cash back credit cards with no annual fee. There are three Blue Cash credit card choices: Blue Cash Magnet, Blue Cash Every Day, and Blue Cash Preferred.

If you and your partner are looking for a credit card that will help you save money, the Blue Cash Preferred is the best option. You can check which Blue Cash card you’re eligible for based on your credit profile and other essential details through their pre-qualification process, which only takes 30 seconds.

Advantages Of American Express Blue Cash Preferred

  • Requires no annual fees for the first year and then charges 95 dollars
  • Grab to 300 dollars back on purchases over 3000 dollars within the first three months
  • Offers a reduced intro APR buy now pay later plans
  • 6% cashback on groceries, streaming subscriptions, and supermarkets
  • 3% cashback on gas stations, rideshares, transits, including taxis, rideshare, parking, tolls, trains, buses, and more.
  • Get an average of 1 percent cash back on all other purchase categories
  • Annually you can get up to 120 dollars cashback on all Equinox purchases(10 dollars as monthly credits)
  • Provides car rental loss & damage insurances, with 24/7 Global assist hotlines when you go more than 100 miles
  • Get shopping return protection for up to 300 dollars per item, up to a maximum of 1,000 dollars per calendar year

Within minutes, you may submit an application for the American Express Blue Cash credit card. They will need your complete name, card name, email address, Date of Birth, mobile phone number, home address, social security number, and other information. You must provide your entire yearly and non-taxable income as well as the source of income.

With the help of online casinos, you may make money on the internet. The most exciting thing about playing is that you might win a lot of money while having some great adventures! There are numerous ways to improve your chances at winning at online casinos.

6. Capital One Quicksilver Rewards Card

Capital One Quicksilver Rewards Card

Capital One offers both secured and unsecured credit cards to those who have previously been declined. However, as the name implies, we’ll talk about Capital One’s unsecured credit cards that do not require a deposit.

The Capital One-second chance credit cards are not ideal for rebuilding your credit score. New consumers can get up to a 0% intro APR on the best rewards credit card, which is free for the first 9 months after activation.

If you have good or average credit, the Capital One credit cards are a great choice. The QuickSilver card is a fantastic option for individuals with a fair credit score.

Thousands of satisfied customers have placed the Capital One Quicksilver credit card at the top spot for a reason. With this card, you can earn cash rewards to improve your credit history without having to put up any security.

Advantages of Capital One QuickSilver Card

  • Each day you can get 1.5 percent cash back on every purchase.
  • It costs about 39 dollars per year as an annual fee for card renew
  • For purchases, they will charge up to 22.99 percent APR which is variable
  • With the Fraud Coverage, you can get up to 0 dollars Fraud Liability for any fraudulent purchases
  • You can easily monitor your credit scores with the credit Wise tool to help you out

After your initial nine months are up, you will be charged a variable APR of 22.99 percent for each purchase with your Capital One Credit Card. In addition, this credit card comes with many benefits that we will discuss below! Even if you have had issues or bad credit in the past, you can still qualify for a Second Chance Credit Card from Capital one.

They charge 39 dollars for each yearly renewal and 3% of the total transaction amount as a transaction fee. Capital One charges up to 40 dollars as a penalty or late payment fee, depending on the user’s creditworthiness. They charge 26.99 percent APR(Annual Percentage Rate) based on the Prime market rate for both cash advances, purchases, and transactions.

7. Citi Custom Cash Card

Best Rewards Credit Cards With No Annual Fee - Citi Custom Cash Card

If you’re searching for one of the most rewarding no-annual-fee credit cards, Citi bank’s Citi Custom Cash card may be a good choice. It provides the widest range of 5% cashback categories in virtually every expenditure and purchase. When you join their service as a new user, you may enjoy the 0% intro APR benefit for up to 15 months.

The Citi Custom Cash Card offers multiple cash back rewards withoutapplication fees or an annual charge. This is one of the best credit cards for people who want to automatically get a bonus or reward in their top spending categories every month, without having to put any extra effort into it.

Advantages Of Citi Custom Cash Card

  • For the first 15 months, they charge 0 percent APR on balance transfers and other purchases.
  • You can get up to 5% cashback on grocery stores’ selected dining, streaming, and entertainment services.
  • They also offer up to 1% cashback on any other purchases.
  • Citi Custom Cash rewards card requires 0 dollars annual fee for card functionality.
  • They come with single tap contactless card payment options within seconds through the card.
  • With the digital wallet, you can shop with confidence from millions of online platforms and choose your payment due date easily.
  • For stress-free usage, they include an automatic account alert system for balance levels, payments due, or your credit limit.
  • Includes 0 dollars liability on all the unauthorized charges for keeping you completely safe
  • Get free access to your FICO scores anytime, anywhere, which will also don’t impact your credit score.

If you spend $750 on your credit card within the first three months, you’ll get a 200-dollar cash reward. You won’t have to worry about your Citibank card if it gets lost because to the chain system’s protection. With Citi Quick Lock, you can quickly lock your credit card after it is misplaced or stolen. It also includes Fraud Early warning, which monitors accounts for any suspicious behavior.

8. Discover It Cash Back

Discover It Cash Back

Are you searching for a rewards credit card with no annual fee that you can use every day? If your answer is yes, the Discover IT cash back credit card is perfect for you! This fantastic credit card offers maximum returns and flat-rate rewards on all of your everyday spending.

It’s ideal for the bonus spending category, because it’s traditionally offered popular everyday expenditures areas like as gas stations, hotels, travel, restaurants, and gas stations. If you enjoy styles, you might want to consider getting cards with more than 25 designs. Discover credit cards come with the most secure platform available, which includes three layers of security for the customers.

Alters can be added to your account prior to activation by entering your social security number. You may turn your account off or freeze it at any time if you have concerns about the card being moved.

Advantages of Discover It Cash Card

  • With Cashback Match, get an unlimited dollar-for-dollar match of all the cashback you’ve earned at the end of your first year, automatically.
  • Get up to 1% cashback on everything, 3% cashback on dining, takeout drugstore, and other delivery services.
  • 5% cashback on travel tickets booked by Chase Ultimate Rewards card
  • For the first 15 months, they charge 0 percent APR on balance transfers and other purchases.
  • Get a 200 dollars bonus for spending more than 500 dollars within the first three months.
  • 5% cashback on combined purchases of up to 1500 dollars
  • Get free access to your FICO scores anytime, anywhere, which will also don’t impact your credit score.
  • They charge from 11.99% to 22.99% Standard Variable Purchase APR regularly.

From May 10, 2022, the 0% intro offer will change to a 3% introductory APR after the first 15 months. You are not responsible for fraudulent purchases made with your Discover Card thanks to their Zero Dollars Fraud Liability Guarantee. It’s one of the finest no-annual-fee travel rewards cards out there.

Requesting free overnight delivery is as simple as 1-2-3, and it’s available for all Discover cards.

9. Ink Business Cash Credit Card

Best Rewards Credit Cards With No Annual Fee - Ink Business Cash Credit Card

The Chase Ink Business Cash Credit Card is a premium rewards credit card with no annual charge from Chase Bank. It’s ideal for businesses with a small to medium-sized revenue and requires a good to excellent credit score of 690 to 850.

The Chase Ink Business Card offers numerous benefits for small business owners who want to save on telecom and office supplies expenses.

This card offers a 0 percent intro APR, which is great for rewards credit cards with no annual fees. They offer employee cards without any extra costs, which will let you set individual spending limits and help you earn rewards even faster. Redeem your rewards for cash back, gift cards, travel, and more through Chase Ink Business Cash Credit Card!

Advantages Of Ink Business Cash Credit Card

  • Get $750 bonus cash back after you spend $7,500 on purchases in the first 3 months after account opening.
  • Regardless of the new or the existing customer, they require 0 dollars annual fee for card functionality
  • Get up to 1% cashback on everything, 3% cash back on dining, takeout drugstore, and other delivery services
  • 5% cashback on travel tickets booked by Chase Ultimate Rewards card
  • For the first 15 months, they charge 0 percent APR on balance transfers and other purchases.
  • They charge a variable APR of 13.24% to 19.24% on everyday spending and purchases.

Chase also provides mobile banking and other financial services, such as credit cards to help you establish your credit. Chase’s credit card service offers a wide range of credit cards. If you recommend anybody who owns a business, you may earn more than 100,000 points per year. nWith Fraud Protection, Purchase Protection, personalized Account Alerts to Monitor and protect your business, Stay on top of your company. Get more than 100,000 points each year if you recruit any company owners as referrals.

10. Wells Fargo Reflect Card

Wells Fargo Reflect Card

Amongst Wells Fargo’s many excellent features is their selection of renowned reward credit cards with no annual fee. These great cards offer additional features and benefits like zero APR for extended periods. You can pick from a variety of different types depending on your needs- Active Cash, Reflect, Hotels.com Rewards Visa, etc. The Reflect card has the lowest APR if that’s what you’re looking for while the Hotels Rewards Visa is ideal if you do a lot of traveling and need to book hotels frequently.

For the best chance at being approved, aim for a credit score of 690-850. The longest 0% APR Intro period used to be 18 months, but now new customers can get 21 months with a three-month extension.

The Wells Fargo Reflect Credit card application is simple, and the service charge may be as high as $69.99.

Advantages of Wells Fargo Reflect Credit Card

  • Get up to 600 dollars cell phone protection for monthly payments via Wells Fargo Card.
  • Requires 0 dollars annual fee for credit card maintenance
  • Provides 0% intro APR for a total of 21 months(typically 18 months and 3 months extension)
  • Charges a regular variable APR ranging from 12.99 to 24.99 percent
  • After the first three months, they charge a fee of 3%, then a BT fee of up to 5%, a minimum of 5 dollars
  • You can get up to 200 dollars cashback rewards with minimum spending of 1000 dollars within the first three months.

If you have a Wells Fargo credit card, your monthly cell phone bill payment will be about 25 dollars. With Zero Liability protection, you don’t have to stay responsible for unauthorized transactions.

As a penalty fee for late payments, they charge up to 40 dollars. They will send the redeem options of reward purchases to your account in as little as 1 dollar increments. Wells Fargo ATM offers redemption in 20 dollar increments.

FAQ About Best Rewards Credit Cards With No Annual Fee

What is the defining credit system of the credit card providers?

First, the provider calculates the user’s total transaction amount and divides it by 12. Suppose your account balance is 250 dollars; they will charge the minimum amount or 1% of the balance, including late payment fees, interests, and Annual Percentage Rate.

Do unsecured or unmonitored credit cards have any bad sides?

Unsecured creditors are not always better because if you can’t afford the security deposit or set a limit to pay in regular gaps, your credit score will fall. That’s why you should always set a limit that you can easily afford and pay in regular periods.

What is considered an ideal credit limit?

You should always aim to set your credit utilization under 35% of the available balance in your account. Suppose your credit limit is approximately 500 dollars. For this limit, you should try to keep your account balance close to 175 dollars, which is 35% of the total limit.

Is no annual fee credit cards worth it?

To determine if your no annual fee credit cards are worth it or not, you need to estimate how much you can get in the form of rewards and add it to the value of the credit cards perks and other privileges. After that, compare the value with the card’s annual price tag, and you can find out the worthiness of the credit card.

Why do credit card providers charge yearly fees?

The straightforward explanation of this inquiry lies in the relationship between cost and pricing. Cards that offer higher perks and bonus rates will cost more than average ones.
Annual fees equalize for the economic risk the issuer accepts by giving cards to users with below-average credit or insufficient credit history.

Final Verdict

In frequent cases, rewards credit cards with no annual fees may come with fewer benefits and extra perks. This is a crucial part of picking the best rewards credit cards with no annual fee, considering the most vital aspects.

You can trust the alternatives we have mentioned and loyal ones to rebuild & improve your credit score. Determine which suits you best regarding your credit score and limit lines.

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