Study reveals the best no-annual-fee cards still offer features, perks and benefits

Foster City, CA – June 30, 2020 – Credit cards with no annual fee consistently show that consumers really can get something for nothing if they "play their cards right.", a leader in credit card ratings, names the best no-annual-fee credit cards that give savvy spenders options but still offer bells and whistles. For the best no-annual-fee cards for cash back, travel and business, experts reveal a well-researched list that appeals to a variety of consumers’ needs.

Best no-annual-fee credit cards for cash-back rewards

  • Chase Freedom Unlimited®: New cardholders can earn $200 cash back after spending $500 in three months
  • Citi® Double Cash Card - 18 month BT offer: 1% cash back on purchases and then another 1% upon payment of the purchase
  • Wells Fargo Cash Wise Visa®: Earns a $150 cash rewards bonus after spending $500 in the first three months
  • Blue Cash Everyday® Card from American Express: Cardholders earn 3% cash back on U.S. supermarket purchases (up to $6,000 spent annually)
  • Capital One Quicksilver Cash Rewards Credit Card:  No caps, categories or hoops to worry about
  • Capital One® SavorOne® Cash Rewards Credit Card: 3% cash back on dining and entertainment purchases

The power of a credit card, too, has taken on new meaning as consumers weather the current financial environment during the pandemic. Credit cards can lend a hand in financial planning if used correctly. 

Best no-annual-fee cards for travel rewards

  • Citi Rewards+® Card: Earns 15,000 bonus points after spending $1,000 in purchases
  • Capital One VentureOne® Rewards Credit Card: Earns 1.25 miles per $1 spent on every purchase
  • Wells Fargo Propel American Express®: Three points per $1 spent eating out and ordering in
  • Discover it® Miles: Earns an unlimited 1.5 miles per $1 spent on every purchase, every day

Best No-Annual-Fee Cards for Business

  • Ink Business Cash Card℠:  5% cash back on the first $25,000 spent in combined office supply stores and internet, cable and phone services each anniversary year
  • American Express Blue Business Cash™ Card: Cardholders earn 2% cash back on the first $50,000 spent each calendar year
  • Ink Business Unlimited® Credit Card: Earns a flat and unlimited 1.5% cash back on every purchase
  • Capital One® Spark® Cash Select for Business: Earns a flat 1.5% cash back on all purchases

CardRatings provides details on the top cards that don't charge annual fees, but still offer plenty of value, here: Best no-annual-fee credit cards of June 2020.

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