Best No Annual Fee Credit Cards Of August 2024

The Chase Freedom Flex® doesn’t charge an annual fee, yet still offers up to 5% cash back on eligible purchases—up to $1,500 per quarter. You can earn a generous initial welcome bonus, and you’ll get a 0% intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 20.49% - 29.24% applies. Balance transfer fee of up to 5% (min. $5) of the amount of each transfer applies.

Rewards: Earn 5% cash back on up to $1,500 in combined purchases in categories that rotate quarterly (requires activation), 5% cash back on travel purchased through Chase Travel℠, 3% cash back on dining and drugstores and 1% cash back on all other purchases.

Welcome offer: Earn a $200 bonus after spending $500 on purchases in the first 3 months from account opening.

Other benefits and drawbacks: The rotating categories could earn $75 per quarter in rewards if you max out your spending.

This card technically earns Ultimate Rewards® points, even though it’s marketed as a cash-back card. If you have a premium Chase credit card like the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® or Ink Business Preferred® Credit Card, your points can be combined to receive a better redemption on travel booked through Chase Travel℠ or to transfer your points to any of Chase’s travel partners.

As an added bonus, this card comes with purchase protection against damage or theft and extended warranties on eligible items. The introductory APR on purchases could make this card a smart choice if you want to earn rewards without paying interest during your introductory period.

As no annual fee travel cards go, the Capital One VentureOne Rewards Credit Card (rates & fees) credit card offers a decent base rewards rate. You’ll also get the ability to redeem with Capital One Travel or transfer to travel partners, making it a strong pick for regular travelers who don’t want to pay an annual fee.

Rewards: Earn 5 miles per dollar on hotels and rental cars booked through Capital One Travel and 1.25 miles per dollar on every other purchase.

Welcome offer: Earn 20,000 miles after spending $500 on purchases within 3 months from account opening, equal to $200 in travel.

Other benefits and drawbacks: The Capital One VentureOne Rewards Credit Card offers extended warranty benefits and auto rental insurance. Rewards can be redeemed as a statement credit for travel or through PayPal or Amazon.com or Capital One Travel, as well as a handful of other redemption options. Capital One provides $0 fraud liability protection for unauthorized charges, autopay and 24/7 customer service.

The Discover it® Cash Back has a rotating selection of cash-back bonus categories, which makes the card lucrative if you’re willing to register and maximize your spending every quarter. The Cashback Match™ offer can make this card especially rewarding for the first year you hold it.

Rewards: Earn 5% cash back on everyday purchases at different places each quarter up to a quarterly maximum of $1,500 in spending when activated. Plus, earn unlimited 1% cash back on all other purchases – automatically.

Welcome offer: Discover will automatically match all the cash back earned at the end of the first year as a cardmember. There's no minimum spending or maximum rewards.

Other benefits and drawbacks: If you want to set and forget, look elsewhere. To get the rotating cash-back category bonus, you have to activate the feature every quarter. Forget to enroll, and you’ll miss out on a significant amount of rewards. The 5% cash back is also capped at the first $1,500 in category spending each quarter, so high spenders may not reap the full reward.

This card offers a generous intro APR offer. New cardholders can get a 0% introductory APR for 15 months on purchases and eligible balance transfers. Then, a standard rate of 18.24% - 28.24% variable applies. A balance transfer fee of up to 5% of the amount transferred applies.

The Wells Fargo Autograph℠ Card comes packed with benefits usually only found on cards with annual fees. Plus, the points earning is stronger than the majority of its competition, and the extra insurances and coverages are competitive.

Whether you’re staying at home or on the road, you’ll be sure to earn valuable transferable points on a majority of your daily spend.

Rewards: Earn 3 points per dollar at restaurants, travel, gas stations, transit, popular streaming services and phone plans, 1 point per dollar on other purchases.

Welcome offer: Earn 20,000 bonus points after spending $1,000 in purchases in the first 3 months.

Other benefits and drawbacks: Wells Fargo Autograph cards come with the ability to transfer to popular travel programs, like many other bank rewards programs—but the options are limited.

You’ll also find cellphone coverage, rental car protection, no foreign transaction fees and a suite of benefits via the Visa Signature program, all at no extra cost to you.

The Prime Visa offers high rewards at Amazon and Whole Foods, plus an additional year of extended warranty protection for eligible warranties of up to three years. Though it charges no annual fee or foreign transaction fees, it does require a Prime Membership, which starts at $139 per year.

Rewards: Earn 5% back on purchases at Amazon.com, Amazon Fresh, Whole Foods Market and on Chase Travel℠ purchases with an eligible Prime membership, unlimited 2% back at gas stations, restaurants and on local transit and commuting (including rideshare), and unlimited 1% back on other purchases.

Welcome offer: Earn a $200 Amazon gift card upon approval with an eligible Prime membership.

Other benefits and drawbacks: The Prime Visa offers a bevy of Visa Signature consumer and travel protections including travel and emergency assistance, reimbursement for lost luggage, baggage delay insurance, travel accident insurance, roadside dispatch and purchase protection. On purchases of $50 or more, cardholders can opt to split them up into no-interest monthly installments of six to 12 months (depending on the amount spent) in lieu of earning rewards. After the promotional period ends, a 20.49% - 29.24% variable APR on purchases and balance transfers applies.

Paying rent by check or bank draft is a thing of the past with the Bilt World Elite Mastercard® (rates & fees). The card was designed for people to pay their rent and earn valuable credit card rewards. As the card evolved, it turned into a powerhouse with industry-leading benefits.

Renters and non-renters alike can come out ahead with this card that offers a unique value proposition on earning airline and hotel rewards with travel partners.

Rewards: Earn 1 point per dollar on rent payments without the transaction fee (on up to 100,000 points each calendar year), 3 points per dollar on dining, 2 points per dollar on travel (when booked through the Bilt Travel Portal or directly with an airline, hotel, car rental or cruise company), and 1 point per dollar on other purchases.

Welcome offer: This card does not offer a welcome bonus.

Other benefits and drawbacks: On the first day of every month, known as “Rent Day,” you’ll earn double points, capped at 10,000 bonus points. This means you’ll earn 6 points per dollar on dining, 4 points per dollar on travel purchases and 2 points per dollar on other purchases (excluding rent). You must use the card five times each statement period to earn points (rewards & benefits).

Because this is a World Elite Mastercard you’ll enjoy a suite of benefits like Lyft credits, cellphone protection, a concierge for certain tasks and more. Pair this with no foreign transaction fees, travel protections and insurances and the ability to earn rewards by paying rent, and you’ve got a card that deserves a spot in your wallet.

Be aware: You’ll need to use your card a minimum of five times each statement period in order to earn rewards.

While the Citi Rewards+® Card may not be the best overall Citi card, it rewards smaller, everyday purchases better than most cards. That’s because every purchase you make rounds up to the nearest 10 points on every purchase. If you make lots of small purchases each month, this card could be worth considering.

Rewards: Earn 2 ThankYou Points per dollar at supermarkets and gas stations for the first $6,000 in spending per year and 1 ThankYou Point per dollar on other eligible purchases, plus 5 ThankYou® Points per dollar on hotel, car rentals and attractions booked on CitiTravel.com through December 31, 2025.

Welcome offer: Earn 20,000 bonus points after spending $1,500 in purchases within 3 months of account opening; redeemable for $200 in gift cards at thankyou.com.

Other benefits and drawbacks: Citi allows you to combine ThankYou Points earned from multiple Citi cards into one account, making the Citi Rewards+ a better option when paired with a more valuable card like the Citi Strata Premier℠ Card.

The Citi Rewards+ has rewards caps on bonus categories, limiting value and creating a more challenging rewards structure to track. It’s also not a good option for overseas travel because it charges a 3% foreign transaction fee.

A flat earning rate combined with low fees makes the Signature FCU Visa® Signature* card appealing to many users. If you’re tired of seeing pesky fees every month on your statement, consider this card.

Rewards: Earn 6 points or 6% cash rebate per dollar spent on streaming services and 2 points or 2% cash rebate on all other purchases.

Welcome offer: This card does not offer a welcome bonus.

Other benefits and drawbacks: The headline feature of this card is the absence of fees. Apart from no annual fee, you won’t see balance transfer fees, cash advance fees, foreign transaction fees or minimum finance charges.

The 6% back on streaming services is nice, but it’s not a reason to open this card in and of itself. But the base 2% cash back allows you to earn rewards without having to worry about bonus categories or being inundated with irritating fees.

If eating out and shopping at the grocery store takes a bite out of your monthly budget, then you could be earning a strong cash back with the Capital One SavorOne Cash Rewards Credit Card. With no cap on the amount of rewards you can earn, you can order apps and even dessert, and get a nice chunk of change back in your wallet.

Rewards: Earn 3% cash back on dining, entertainment, popular streaming services and grocery stores (excluding superstores like Walmart® and Target®), 5% cash back on hotels and rental cars booked through Capital One Travel, 8% cash back on Capital One Entertainment purchases, and 1% on all other purchases.

Welcome offer: Earn a $200 cash bonus after spending $500 on purchases within the first 3 months from account opening.

Other benefits and drawbacks: The SavorOne’s rewards extend beyond entertainment, dining and grocery stores and dips its toe into the travel bucket. If you book your rental cars and hotels via Capital One Travel, you’ll snag an increased 5% cash back.

When traveling abroad, you won’t get hit with a foreign transaction fee (rates & fees)—just make sure to choose to pay in local currency when checking out.

The Bank of America® Customized Cash Rewards credit card provides a long intro APR period and a unique rewards structure that allows users to pick a bonus category each billing cycle. Though its bonus categories are capped, the lack of an annual fee makes the card an inexpensive way to maximize certain rewards for many consumers.

Rewards: Earn 3% cash back in the eligible 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.

Welcome offer: Earn a $200 online cash rewards bonus after spending $1,000 in purchases in the first 90 days of account opening.

Other benefits and drawbacks: This card offers a 0% introductory APR for 15 billing cycles for purchases and balance transfers, 19.24% - 29.24% variable APR applies thereafter. Intro rate applies for any balance transfers made in the first 60 days; balance transfer fee of 3% applies to each transfer during this period, then 4%. Bank of America Preferred Rewards members earn 25% to 75% more cash back on each purchase, which means the 3% category would earn 3.75% to 5.25%. Reward caps on categories make this card a good option to pair with another one—select a card that earns a flat 2% on all purchases or a card with higher rewards on one of your high-spend categories.

Building your credit as a student can be challenging, but the Discover it® Student Cash Back card makes it easy to build credit and earn rewards, with no credit score required to apply.

Rewards: Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations and more, up to the quarterly maximum once activated. Plus, automatically earn unlimited 1% cash back on all other purchases.

Welcome offer: Unlimited Cashback Match™ - Discover will match all the cash back you’ve earned at the end of your first year. There's no minimum spending or maximum rewards.

Other benefits and drawbacks: The welcome bonus on this card is incredible. Once your first card anniversary comes around, Discover will match all the points earned that year—double the rewards on all cash back. Your top earning rewards categories are capped each quarter at $1,500 in spending. For big spending households, this card may limit your rewards potential. Discover also doesn’t disclose the full year of categories, so you won’t be able to plan large purchases for the best quarter.

The IHG One Rewards Traveler Credit Card offers tons of value to travelers. Like many hotel cards, it earns a high reward rate for stays at brand hotels and resorts. As a cardholder, you’re automatically upgraded to Silver Elite status and can earn Gold Elite status with card spending each calendar year. Perhaps the most valuable card perk is when you redeem three reward nights, you get the fourth night free.

Rewards: Earn up to 17 points per dollar spent at IHG Hotels & Resorts, 3 points on qualifying monthly bills, gas stations, select streaming services and restaurants and 2 points on all other purchases.

Welcome offer: Earn 100,000 bonus points after spending $2,000 on purchases in the first three months of account opening.

Other benefits and drawbacks: IHG One Rewards Silver Elite status includes other benefits like late checkout, no blackout dates for reward nights and a discount on points purchases. Its travel benefits extend beyond IHG, with no foreign transaction fees and several travel protections available for cardholders.