Best No Annual Fee Credit Cards
      December 10, 2018

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Credit Card Fees

The No Annual Fee Credit Card Advantage

When a No Annual Fee Credit Card Doesn't Save You Money


Top Consumer Reviews Articles provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

The No Annual Fee Credit Card Advantage

If you're currently shopping around for credit cards you may be considering which one is the right one for you. With so many credit card offers to choose from it can be confusing and frustrating. Should you go with the low interest rate card, a cash reward or one that provides movie certificates and airline tickets?

The first place to start, when choosing a new credit card, is look at your spending history. If you are a conservative credit card spender and mainly use it for large purchases, occasional travel or a potential emergency you can be classified as a conservative credit card user. These are consumers that won't benefit from credit card rewards or other perks geared for those frequent credit card users if a steep annual fee goes along with the credit card. When a low interest rate and travel points don't entice you, a no annual fee credit card might be a good choice.

It's also important to factor in your finances and if you'll maintain a credit card balance should you charge that annual trip to the beach, make a large purchase or have any emergencies arise. Weighing the cost of utilizing a no annual fee card with a higher interest rate against a card with a lower interest rate but a $50 annual fee is smart financial planning. We all like to say we won't use our credit cards but if your budget is currently pretty tight you might be pulling out that Visa more often than you like to admit. If paying only the monthly minimum card each month is your short term future than honestly the interest rate should be the larger driver.

Once you identify your realistic spending trends and how much you'll be able to pay off each month you are in the right place to choose the credit card for you. But with any card you choose, look very closely at the annual fees, any application fees and late fees associated with payments that come after the due date. For interest rates look closely at the current interest rate and if that is introductory or fixed. Also read closely on what will trigger an interest rate increase. If you've decided that a reward card is a good fit, then consider how those reward points are earned and at what rate. Will that rate change in the future and do rewards expire over time.

Overall, no annual fee credit cards have an advantage over those with hefty charges but only when your spending is conservative and you are not interested in cash back or other rewards for frequent spending.

Virgin No Annual Fee Credit Card - Rates and Fees

Enjoy a balance transfer offer for up to 36 months and $0 ever with the Virgin Money No Annual Fee Card. The Virgin No Annual Fee Credit Card offers a variety of valuable features without the cost of ...

Published:  Wed, 28 Nov 2018 21:47:00 GMT

Spending: Getting the most from your credit card

Lisa Gerstner, Kiplinger's Personal FinanceKiplinger's Money Power Whether you're a big spender, a traveler or a foodie, here are the best rewards credit cards for you. Cash back with no annual fee Th...

Published:  Thu, 06 Dec 2018 22:31:00 GMT

Season of Savings: Best credit cards for entertainment

Three credit cards can help you rake in the most rewards according to NerdWallet. The Wells Fargo Propel American Express card gives you three times the points on dining out, travel, ridesharing servi...

Published:  Fri, 07 Dec 2018 10:21:00 GMT

Five Signs You're Using The Wrong Credit Card

... prefer a low rate card with a very low or no annual fee. This can help keep your card's costs down and help keep your debt from spiralling out of control. #5 You're stuck in a debt trap Is your cr...

Published:  Sun, 09 Dec 2018 19:02:00 GMT

Most rewards credit card holders sabotage themselves

You can check your credit score and read your credit report for free within minutes by joining MoneyTips. A $150 annual fee on a 2% cash back card equals $7,500 in eligible charges paid in full, with ...

Published:  Mon, 03 Dec 2018 05:41:00 GMT

This Southwest Airlines card carries a $99 annual fee, but it can earn you free domestic flights and trips to the Caribbean

In addition to these perks, you will also get no foreign transaction fees and ... points on your cardmember anniversary, and a $69 annual fee. But, there's also a Southwest Rapid Rewards Priority Cred...

Published:  Mon, 03 Dec 2018 10:51:37 GMT

This 1 Trend Proves Millennials Are Using Credit Cards the Right Way

... it all If it's true that millennials are inherently conservative when it comes to credit cards, it'd be fair to assume they rely on cards with no annual fee and low interest rates -- something for ...

Published:  Wed, 28 Nov 2018 03:13:00 GMT

4 Smart Ways To Maximize Credit Cards Rewards

Plus, you can use the cash back to pay off your credit cards. With no annual fee, the Discover it Cash Back credit card will match all cash back earned during your first year. You earn 5% cash back ea...

Published:  Mon, 26 Nov 2018 04:32:00 GMT

Best No-Annual Fee Credit Cards in Singapore - 2018

Did you ever go through the process of applying for a credit card just to back out at the last moment thinking about the annual fees The good news is that there are credit cards which have annual fee ...

Published:  Sat, 10 Nov 2018 00:50:00 GMT

The AmEx Platinum is available to active duty servicemembers at no annual fee - but even with the fee, the credit card is a great value

The Insider Picks team writes about stuff we think you'll like. Business Insider may receive a commission from The Points Guy Affiliate Network. The Platinum Card from American Express has one of the ...

Published:  Tue, 13 Nov 2018 09:11:00 GMT

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