Key Reasons to consider a no annual fee credit card

There are plethora of U.S credit cards that don’t charge an annual fee. Whether you are a travel freak or a grocery shopper, there are no annual fee credit cards that can benefit you in all use cases. Although the elite card benefits come with an annual fee you can also benefit from the no-annual-fee credit card in the best possible ways.

Perks of getting a no-annual fee credit card

Annual fees on credit cards put a lot of strain on the wallets of middle-income earners. The one who spend heavily on purchases can avail of annual fee credit cards to get the most out of them. But when you get the best no-annual fee credit cards you get the following benefits:

Relatively easy to get approved

Credit cards that charge an annual fee usually require an excellent credit score to get approved. For no annual fee credit cards, the terms are lenient and you good approved with a moderate credit score too.

Wells Fargo Active Cash® Card is a top pick among the best no-annual-fee credit cards of 2024 and comes with multiple perks. It provides ease to the users with a solid and flat 2% cashback on all the purchases you make.

Generous cashback rewards

The best high-reward credit cards are those that offer flat cashback along with relatively simple redemption options. The no-annual-fee credit cards are geared towards the moderate-income earners who want to maximize their everyday spending. As they are geared towards the average earners so you see reward categories like grocery stores, drug stores, gas stations, and much more.

Blue Cash Everyday® Card from American Express is a no-annual-fee credit card that offers 3% cashback on the U.S supermarkets along with a statement credit of $200 as a welcome bonus. Along with this, this card offers 0% APR on purchases and balance transfers for a period of 15 months.

Lower spending requirements

The no-annual-fee credit cards usually have a low spending requirement in comparison with the other top-tier annual-fee credit cards. The minimum spending cap to earn a welcome bonus is lesser and you can easily fulfill it to avail of the welcome bonus. Although the welcome bonus is lesser in comparison with annual fee credit cards the main advantage is that you don’t have to pay the hefty annual cost.

There are numerous best no-annual fee travel credit cards that offer travel cashback rewards and miles on various travel programs.