Best No Annual Fee Credit Cards
      October 20, 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.

The Capital One Venture card comes with valuable travel benefits - we break down whether they are worth a $95 annual fee

If the $95 annual fee scares you off, the lower-tier Capital One VentureOne Rewards Credit Card has no annual fee, but offers lower benefits as well. Overall, if you are attracted to the big bonus, si...

Published:  Mon, 15 Oct 2018 16:28:00 GMT

A cheapskate's guide to shopping for credit cards

But what if you spend nowhere near that much Here are credit card features that may appeal to low spenders: No annual fee. Many cheapskates might find paying an annual fee for a credit card too much ...

Published:  Fri, 19 Oct 2018 12:33:00 GMT

Top Benefits Of Credit Cards

Their #1 choice No annual fee. Given that 80% of card users aren't clear about the benefits of their existing primary credit card, card issuers are better served by focusing on the top perceived bene...

Published:  Wed, 17 Oct 2018 19:10:00 GMT

This Credit Card Is Perfect for Entrepreneurs, With No Annual Fee and Big Cash Back Rewards

We've included affiliate links in this article. See our advertiser disclosure to learn what those are. This is an exciting time to be a small business owner: The economy is chugging along, with ...

Published:  Thu, 18 Oct 2018 07:25:00 GMT

Credit card gas rewards fuel bigger savings at gas pump. Here's how to take advantage

Look for credit cards that offer bonus rewards on not only gas but other ... Example: The PenFed Platinum Rewards Visa Signature Card, with no annual fee, offers a generous 5 points per dollar spent, ...

Published:  Wed, 10 Oct 2018 07:14:00 GMT

NDP calls on Liberals to further reduce credit card fees paid by small business

Last summer, Ottawa announced voluntary, five-year deals with Visa and MasterCard to trim the fees to an average annual ... in credit card fees per year. But the NDP says the Liberals' agreements are ...

Published:  Thu, 18 Oct 2018 09:34:00 GMT

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