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You have a choice to get a card with an annual fee or one with a free annual fee. You might be asking: why would you get one where you have to pay something when there’s a free one available? After all, an annual fee can range from $49 to $550 for a credit card.
The annual fee will basically provide the cardholder more valuable purchase rewards and benefits than their ‘free’ counterparts. A good rule to follow your annual fee decision is how often you plan to use the card. If you will be paying $49 for the card, you should earn at least $49 in rewards to break-even and maybe profit from the rewards. If you plan on using the card sporadically, a no-fee card is better.
Mant cash back cards do not charge an annual fee. This makes them a good option as a second card or a primary card for the budget-conscious. Besides the no annual fee benefit, all of the cards below offer rewards on everyday purchases.
Here are The Smart Investor Select’s picks for the top no annual fee credit cards:
American Express Everyday
The Blue Cash Everyday from the American Express is a very good option among rewards cards for individuals that rank up spending at the grocery checkout and gas pump. The Blue Cash Everyday offers an amazing 3% cash back rate at the united state's supermarkets once you spend up to $6,000 in a year, as well as a 2% competitive rate at any gas station for a zero-dollar annual fee card.
The Blue Card Everyday also offers new cardmembers a $200 statement credit bonus. However, to qualify for this bonus, you need to spend up to $1000 on eligible purchases in the first three months of obtaining the card.In 2020, American Express ranked 1st overall for customer satisfaction according to the J.D. Power U.S. Credit Card satisfaction survey.
- APR: 12.99% – 23.99%
- Annual fee: $0
- Balance Transfer Fee: Unknown
- Foreign Transaction Fee: 2.70%
- Rewards Plan: Earn 2X Points at U.S. Supermarkets (up to $6,000 per year in purchases) and 1X Points on Other Eligible Purchases
- Sign Up bonus: 10,000 Membership Rewards® Points after you spend $1,000 in qualifying purchases on the Card within your first 3 months
- 0% APR Introductory Rate period: 15 months
- 10,000 Points Sign-Up Bonus
- Rewards Plan
- 20% Bonus Points
- No Annual Fee
- 0% APR Introductory Rate on Balance Transfers and Purchases in the First 15 Months
- No Balance Transfer Fee
- High APR
- Foreign Transaction Fee
- Variations in Reward Points’ Worth
- There are Better Rewards Cards
- Not as Widely Accepted as Other Cards
- Flexible Redemption
If you need a card that will give you the freedom to pursue your dreams without pesky fees, Simplicity by Citi offers you a perfect solution. You need a credit score of between 690 to 850 to qualify for this card, and there are zero charges on purchases made within the first one year.
The Simplicity card also grants the holder free transfers for the first one year, which is a great incentive for anyone who wishes to get this card. As a bonus, there are no late fees or annual fees when using this card ever. Citi ranked 6th out of 11 card issuers with a score of 801, according to the 2020 J.D. Power Credit Card Customer Satisfaction Study.
- APR: 14.74% - 24.74%
- Annual fee: $0
- Balance Transfer Fee: $5 or 3%
- Foreign Transaction Fee: 3%
- Rewards Plan: None
- Sign Up bonus: None
- 0% APR Introductory Rate period: 0% Intro APR for 18 months on purchases and balance transfers.
- Extreme Forgiveness
- No Annual Fee
- 0% Purchases & Balance Transfer Intro APR (18 months)
- No Rewards System
- High APR
- 5% Balance Transfer Fee
HSBC Cash Rewards Mastercard
HSBC Cash Rewards Mastercard is a straight forward cash back rewards card for those looking simplify their rewards. This Mastercard is offered though HSBC which a larger multinational bank based out of Britain.
This card has a generous 3% cash back on all spending in the first year and a competitive 1.50% cash back on all other spendings. Also, the HSBC Cash Rewards does not have an annual fee.
One of the top notch benefits is the 0% Introductory APR on purchases and balance transfers for the first 12 months months from Account opening. The ongoing APR for the HSBC Cash Rewards Mastercard is a 13.99% – 23.99%.
- APR: 13.99% - 23.99%
- Annual fee: $0
- Balance Transfer Fee: $10 or 4%
- Foreign Transaction Fee: None
- Rewards Plan: Unliimited 1.5 cash rewards on every $1 you spend
- Sign Up bonus: 3% intro cash back on all purchases in the first 12 months from Account opening, up to the first $10,000
- 0% APR Introductory Rate period: 0% introductory APR on purchases and balance transfers for the first 12 months
- Introductory Bonus
- Cashback on Purchases
- No Annual Fee
- 0% APR Introductory Rate on Balance Transfers and Purchases
- Anniversary Bonus
- No Foreign Transaction Fee
- Balance Transfer Fee
- Cap on Rewards
- Redemption Minimum
- Longer Introductory Rates, Better Pure Cashback Cards
- High APR
Wells Fargo Cash Wise Visa
Wells Fargo Cash Wise Visa Card is a straightforward cashback card. This card offers a simple 1.50% back on all purchases with no limit or special categories.
This card offers many benefits to those wanting a simple straightforward card. It does not come with an annual fee and has a decent sign-up bonus of $150 cash rewards bonus when you spend $500 on your new card within the first 3 months.
Many cash back rewards cards in a category similar to that of the Wells Fargo Cash Wise Visa Card come with an annual fee which eats into your cashback rewards.
- Rewards Plan: Unlimited 1.5% cash rewards on purchases
- APR: 14.49% - 24.99%
- Annual fee: $0
- Balance Transfer Fee: $5 or 5%
- Foreign Transaction Fee: 3%
- Sign Up bonus: $150 cash rewards bonus when you spend $500 in purchases in the first 3 months
- 0% APR Introductory Rate period: 0% introductory APR on purchases and balance transfers for the first 15 months
- $150 Cashback Sign-Up Bonus *
- 1.5% Cashback on All Purchases
- No Annual Fee
- 0% APR Introductory Rate
- Flexible Redemption
- Earn Additional Cash Back
- There are Better Pure Cashback Cards
- Minimum Redemption Amounts
- Foreign Transaction Fee
- Balance Transfer Fee
- High APR
No Annual Fee Cards - Basics
What Does No Annual Fee Mean?
No Annual Fee credit cards are exactly what they sound like, credit cards that don’t have an annual fee for cardholders. That means that you can have these cards without any additional charges.
Credit card providers usually use annual fees for their cards to help cover the cost of the card’s rewards system. Fortunately, a lot of no annual fee credit cards still have great rewards systems, so you don’t have to pay for a premium card to get good benefits from your card.
About 74% of all credit cards have no annual fees.
When choosing a credit card, one of the things you need to consider is the free structure. In this chart compiled with creditcards.com data, we can see that late payment fees are the most common type of fee. This is followed by cash advance fees. At the other end of the scale, we can now see that over limit fees and annual fees are far less common. This highlights the importance of making payments on time, which can not only save on fees but help you to establish a solid credit history.
No annual fee cards are still able to charge other kinds of fees, like late fees and overcharge fees. So it's not that these cards are fee-free, just that you don’t have to pay an annual charge for having them. It’s important to pay attention to the other charges included with your no annual fees credit cards because some companies raise the cost of other fees to make up for the lack of an annual fee.
How To Compare No Annual Fees Cards?
Knowing how to compare no annual fees credit cards is critical for making sure you’re getting the right card for your needs. Here are some of the more important features you need to consider.
- Intro APR: Introductory APR (Annual Percentage Rate) is often used by financial institutions to make their credit cards more appealing for new clients. A low introductory APR is a good thing since it makes owning the credit card cheaper for the first few months. However, you should remember that low introductory rates can sometimes disguise higher rates and fees after the first 6 months to a year.
- Ongoing APR: The ongoing APR of your credit card reflects the real cost of the card. Many no annual fees credit cards have a comparatively high APR after the introductory rate has passed. So, it’s important to compare the ongoing APR of different options to find a more affordable and valuable credit card offer.
- Rewards Quality: Some no annual fees credit cards don't offer much in the way of a good rewards program, but there are a few cards that have solid rewards. Usually, these cards are some of the best options, but they may have very specific kinds of rewards. Look for programs that offer high cash back, fast points accrual, or that provide a significant discount at certain stores or for specific kinds of purchases.
- Sign Up Bonus: Not every credit card will offer a sign-up bonus, so it’s not a requirement to find a credit card that has a good one. Sign-up bonuses are often used to disguise unfavorable APR and high fees and to get customers to sign up because of the immediate benefits. Sign-up bonuses are great when they don’t hide unfavorable terms and conditions, but an overly generous signing bonus should make you look carefully at the other details of the card.
- Fees: Almost all credit cards have some fees associated with them, but you don’t want to get stuck with a card that will nickel and dime you for using it. Look for cards with low fees, especially low-interest rates, low overcharge fees, and low late payment fees.
- Does the Card Accept Balance Transfers? Balance transfers can be an important part of money management, especially if you already have credit card debt. Relatively few credit cards accept balance transfers, especially if you’re looking for low fees at the same time. You might not always need this feature, but it’s important to know whether it’s an option before you sign up.
- Source of the Credit Card: Most people get a lot of credit card offers, but those cards usually aren’t the best offer you’re eligible for. Pay attention to the bank or financial institution making the offer. Likely a banker or financial advisor will be able to choose a better credit card than a cold credit offer from a letter or email.
If you’re shopping for a credit card, you are likely to be aware of the biggest brands on the market. However, one factor you may not have considered is the number of complaints for credit card issuers.
In this chart compiled using Consumer Financial Protection Bureau data, we can see that Capital One had 11.8 complaints per billion dollars charged. This is followed by CitiBank at 10.55. At the other end of the scale, AMEX appears to have the fewest complaints at just 1.59 complaints per billion dollars.
Drawbacks of No Annual Fees Cards
Of course, there are some drawbacks to the no annual fees credit card model. Financial institutions exist to make a profit, so even though they also want to offer high-quality products that help their customers.
The main drawback of no annual fees cards is that they tend to have higher interest rates than other kinds of credit cards. The interest rate is where the financial institution makes most of its profit.
Higher interest rates aren’t the only drawback of no annual fees credit cards though.
No annual fees credit cards also usually come with higher fees, which is why it’s so important to know what fees your credit card can charge and how to avoid them. It’s also common for no annual fees cards to charge more fees than other kinds of credit cards. That means that it will be harder for you to avoid your credit card fees entirely.
Similarly, no annual fees credit cards tend to have smaller sign-up bonuses and less valuable introductory rewards. That means that there is less incentive to sign up for these cards and can mean that they are less attractive options for balance transfers.
It’s also worth noting that most no annual fees credit cards have less generous reward systems than credit cards with annual fees.
Who Should get a No Annual Fees Credit Card?
No Annual Fees credit cards are almost certainly the cheapest option for consumers, at least at first. They are a good option for people who are looking for an affordable credit card that doesn’t cost a lot to use.
It’s also important to think about how much you’re likely to use your credit card. Consumers who are going to use their credit card a lot, especially with high balances, may be better off with a card that has annual fees compared to a no annual fee credit card.
That’s because high-use consumers will generally make back the cost of the annual fee in higher rewards returns.
However, if you need a credit card for small purchases, minimal use, or to carry as an emergency-only credit card, a no annual fees credit card is likely a good option.
No annual fee credit cards are usually best for people who aren’t likely to travel very often since cards with annual fees almost always offer better travel bonuses and mileage rewards.
Best Travel Cards with No Annual Fees
Travel cards are designed for users who are jetsetters and spend a lot of time traveling from place to place. They tend to make traveling cheaper and have travel-related rewards and discounts to help minimize your costs.
1. Discover it® Miles Card
The Discover it® Miles card is one of the most straightforward travel credit cards available right now. Unlike many other card systems, it's miles rewards are based on a straightforward spending system. You’ll receive 1.5 miles for every $1 you spend on the card. Your rewards can be redeemed either as travel miles or as a cash payment once you’ve accrued enough.
This card doesn’t have different reward structures for different kinds of purchases, so you can feel free to use the card on whatever you’d like without worrying about the rewards benefit.
Discover is also offering a double the miles sign up bonus where they will double the miles you earn in your first year with the card at the end of the year.
Earned miles never expire, and there are no blackout travel dates with this card. This card has a variable APR rate between 11.99% – 22.99%, with an introductory 10.99% APR for the first year.
This is a great introductory travel card and can be a good option for people who travel by plane especially. Miles can also be used to buy upgraded tickets, which can definitely make longer flights a lot more tolerable.
2. Bank of America® Travel Rewards credit card
This card offers a similar rewards system, 1.5 points earned for every $1 spent on the card. However, unlike the Discover it® Miles card, the points system can be redeemed for a wide range of rewards. There are some non-travel related rewards, but the big advantage for travelers is that the rewards can be redeemed for most travel-related expenses, including restaurants, hotel rental, baggage fees, and other travel costs.
Redeeming your points for travel rewards also gives you a higher cash value for your points than any other kind of reward.
This card has a variable APR rate between 14.99% – 22.99%.
If you’re looking for a card with good travel rewards, but want to be able to redeem for other rewards too in case you only travel occasionally, this is a great option. It’ll help you get that big vacation sooner, but you can get other rewards too for every day life.
What is the Best Cashback Credit Card With No Annual Fees
Cashback cards put a percentage of your spent money right back into your pocket. Usually you have to wait for a certain amount of money to build up, but this cards can help you keep up with bills or give you a little extra cash to add to your savings.
1. U.S. Bank Cash+ Visa Signature
The US Bank cash + credit card offers good value with an introductory 0% APR for the first year you have the card. Its cashback reward structure offers three levels of rewards, 5% cashback on two categories that you choose yourself, 2% cashback on one everyday expenses category like groceries or gas, and 1% on all other eligible purchases with the card.
The biggest downside of this system is that you may have to change your rewards every quarter, and the card has no control over how merchants categorize different purchases.
However, flexible cashback redemption gives you the power to control how your cashback rewards are delivered. This card also gives you 0% fraud liability, so you’re protected against unauthorized charges made to your account.
This card is perfect for everyday use and is a good option if you like to buy groceries and other domestic goods in bulk since you get bonus rewards on those purchases. It’s also a reasonable option for people who are looking for a good balance transfer credit card, though you might not get quite as much cashback if you’re using it that way.
2. Bank of America® Cash Rewards Credit Card
The Bank of America® Cash Rewards Credit Card starts with a slightly lower rewards rate, 3% on a category of your choice, 2% cashback at grocery stores and wholesale clubs, and 1% on all other purchases.
However, the big advantage of this card is that your cash rewards don’t expire and you aren’t required to withdraw them at a specific rate.
The Bank of America® Cash Rewards Credit Card also offers several levels of membership, so you can increase the value of your card and its rewards by improving your membership level. That means you can get better rewards when you stick with this credit card for longer.
This card is a good option for anyone looking for a starter cashback card that can help you build your credit and still offers reasonably good rewards rates. It’s also a good option if you want to customize your card a little since you can change the highest earning category as needed.
Best Points Rewards Cards With No Annual Fees
Points rewards can give you a lot of variety but generally accumulate a little more slowly than other reward types. They are great for travel, gift cards, and even sometimes cashback and discount options depending on the card.
1. Wells Fargo Propel American Express
Wells Fargo’s Propel American Express offers some of the best points rewards you can get from a no annual fee credit card. It offers 3x points on some common purchases like restaurant dining, gas purchases, and even streaming service payments.
All other eligible purchases receive 1x points rewards.
The card also offers 20,000 rewards points as a bonus if you spend $1,000 in the first three months of owning the card. They also offer a 0% APR rate for the first 12 months you have the card, with a variable 14.49% to 24.99% APR depending on your credit score.
Points don't expire and can be redeemed anytime so long as your account is still open with Wells Fargo. Points can be redeemed for a range of different rewards, including both travel and cashback rewards.
This card is good for travelers since American Express cards don’t charge any foreign charge fees, and it’s a great option for families who have cut the cord and gone all digital thanks to their streaming service rewards system. Groceries and other important purchases are also prioritized with this card, which is fantastic.
2. U.S. Bank Altitude® Go Visa Signature® Card
The U.S. Bank Altitude® Card also offers a points bonus for spending $1,000 in the first 90 days you have the card. The reward is 25,000 points, which is roughly equal to $250 depending on how you redeem the points.
This card offers 4x points for takeout, food delivery, and restaurant dining. That makes this card a good option for frequent restaurant diners. It also offers 2x points at grocery stores and on grocery delivery, streaming services, and gas stations.
This card has a 0% introductory APR for the first 12 months, followed by a variable 14.99% – 23.99% APR.
If you’re someone who loves eating out or hates cooking this might be the card for you. It’s high restaurant rewards rates make it a good option for foodies, especially when you get restaurant gift cards with the reward points.
Best Store Cards With No Annual Fees
Store cards are usually store specific, but they can offer fantastic discounts at your chosen store. These cards are great if you find yourself shopping with specific retailers more than others.
1. Costco Anywhere Visa® Card by Citi
The Costco Anywhere Visa® Card by Citi is only available to Costco members, but it offers good rewards and is available to a wide range of credit scores.
The card earns 7% cash back on gas, including Costco gas, up to the first $7,000 in gas purchases. After that, the card will continue to earn 1% cashback. It also earns 3% cashback on restaurant and travel purchases. It earns 2% cashback on all Costco purchases and 1% cashback on all other eligible purchases.
This card has a standard purchase APR of 15.24%, and a standard cash advance APR of 25.24%. The card also has a higher variable penalty APR rate, which penalizes customers for late payments.
Costco members can pretty much universally benefit from this card since it makes all purchases a little more affordable, but you do need fairly good credit before you’ll be eligible for this card.
2. Capital One® Walmart Rewards® Card
The Capital One® Walmart Rewards® Card doesn’t offer quite as many rewards, but it’s available to customers with fair or better credit scores.
Its cashback rewards start at 5% for purchases at Walmart.com, including both pickup and delivery purchases. 2% cashback is offered for all purchases made in-store at Walmart, along with 1% cashback returns anywhere Mastercard is accepted.
That means that you’ll get 1% cashback on most non-Walmart purchases, but this card will have a more limited acceptance rate at retailers outside the US.
The introductory offer for this card makes all Walmart purchases eligible for 5% cashback for the first 12 months.
This Walmart card is designed for people who do most of their shopping at Walmart, but that isn’t a bad thing. This is a great card to get for families, Walmart employees, and anyone who buys clothing, groceries, and other essentials at Walmart.
Best Gas Credit Card With No Annual Fees For Good Credit
Gas cards help make fuel a lot more affordable, which is especially important for anyone who loves road trips or classic cars.
1. Citi Rewards+℠ Card
This credit card offers good rewards for gas purchases, 2x rewards points at both gas stations and grocery stores up to the first $6,000 in purchases every year. All rewards points are also rounded up to the nearest 10 points with every purchase. That helps maximize your rewards value.
The card also helps to maximize your points with 10% points back on the first 100,000 points redeemed every year. Points can be redeemed directly with certain retailers as well, including Amazon and Best Buy.
This card has a 0% introductory APR for the first 15 months, with a variable 13.49% – 23.49% depending on your credit score after that.
This card is a good option for people with long commutes or who go on at least 1-2 long road trips every year. It’s also a good investment for people who don’t drive as often, but who use premium gas since the reward points will add up faster with more expensive kinds of gas.
2. Wells Fargo Propel American Express® card
This card also works off reward points instead of a cashback deal. The card offers a wide range of points purchases, so you’ll almost always be making some points when you use the card.
What makes that a great option for a gas card?
This card prioritizes gas purchases, giving you 3x points for all your purchases through the card. That can add up quickly and give you access to some of the better rewards options in relatively little time.
Right now this card also has a pretty good 20,000 point bonus when you spend at least $1k in the first 90 days.
Since the other rewards focus on things like groceries and common expenses this card can be a good option as a daily card for every day expenses. It’s particularly good as a card for families since the majority of family domestic purchases will earn bonus points with this card.
Best Chase Cards With No Annual Fees
Chase is one of the better banks to work with to get your credit card, especially your first credit card or your daily spending credit card.
1. Chase Freedom Flex
This credit card is designed for consumers with excellent credit scores, or at least better than average credit. This card offers a cash back rewards system. You'll receive 5% cash back on travel expenses, 3% cash back on restaurant purchases and drugstore purchases, and 1% on all other purchases.
That makes this card a good option for frequent travelers, including local travel thanks to the restaurant rewards program as well.
If you spend $500 in the first 3 months with the card, they also offer a $200 signing bonus.
The card also offers a variety of secondary benefits, including fraud detection and prevention, to make it a more valuable option for users.
This card is offered with a variable 14.99% – 23.74% APR.
The high rewards on this card make it a good option for most folks, but their high credit requirements and high late payment fees might not be ideal for a starting credit card.
2. Chase Freedom Unlimited®
Like the Freedom Flex, the Freedom Unlimited also has a $200 bonus for spending at least $500 in the first three months with the card.
This card also has a 5% cashback reward for travel expenses, 3% cashback for restaurant and drugstore spending, and 1% on other purchases. This card also comes with a 0% introductory APR for the first 15 months. After the introductory period, this card has a 14.99% – 23.74% APR.
This card is halfway between a standard cashback credit card and a travel card. It’s a good option for people who do some travel, but who aren’t constantly on the road. The cashback rewards are also relatively generous, so this is a good choice for people who are looking to boost their savings.
Best Discover Credit Card with No Annual Fees
1. Discover Cash Back
This card is limited to consumers with at least 700+ credit ratings. That said, it offers up to 5% cash back rewards. The exact rewards shift on a quarterly schedule, but you will know what the cashback reward will be in advance each quarter.
The Discover Cash Back card is also offering an introductory cashback matching program for all rewards earned in the first year you have the card. This reward is paid at the end of the first year, you won't receive matched rewards as you earn them.
It offers 0% APR for the first 14 months.
However, you'll only earn 1% cash back on purchases that aren't included in the 5% quarterly offers.
This card is ideal for people who are looking to maximize their income and want to get good cashback rates. However, you’ll need relatively good credit in advance since this card has relatively strict requirements to qualify.
2. Discover it® Miles
The Discover it® Miles card is a good option for frequent travelers who will earn better rewards from travel bonuses than cashback rewards. It offers 1.5 miles on every $1 spent.
Like the Discover cashback rewards system, Discover is also offering a miles matching program for new cardholders in the first year they have the card. You'll receive matched miles at the end of the first year you have the card.
It also has a 0% APR for the first 14 months. However, this card does require a moderately good credit score. It’s also worth noting that Discover miles are worth about a penny per mile if you choose to redeem for other kinds of rewards.
The miles card is designed for frequent flyers and anyone who loves travel. It’s best for national travel instead of international, but works pretty well for both.
Best Credit Cards With No Annual Fees
1. City Simplicity
The City Simplicity card is currently offering one of the better introductory APR rates available, 0% for the first 18 months.
After that, the card has a variable APR rate between 14.74% – 24.74% depending on your credit score.
This card has a big advantage in that there are no late fees, no annual fee, and no penalty interest rates to users. That means there is a consistent cost to the card, making it a lot more predictable than most credit cards that have fees and variable interest rates.
The Simplicity card also offers fraud protection to make it a safer card to use.
The Simplicity allows for Balance transfers as well as cash advances with a minimal fee. However, it’s only available for consumers with good or better credit scores.
This is a good option for people who are concerned about credit card fraud and want a more secure option. It’s also a good choice for anyone looking for a low APR card to replace the higher interest rates on other cards.
2. Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card offers consistent Cash Back rewards of 1.5% on all purchases. That makes it a good option for moderate spenders who want to use their credit card for a wide variety of transactions instead of having to focus on a specific kind of transaction.
This card has an introductory 0% APR for the first 15 months. After that is has a variable APR from 15.49%-25.49%.
The card also no foreign transaction fees, and your rewards won't expire the entire time you keep your account open.
This is a good travel option for international travelers, and also offers fairly good cashback to help you maximize your earnings.
Best Capital One Credit Cards With No Annual Fees
1. Capital One SavorOne Rewards
The SavorOne Rewards card comes with an introductory bonus of $200 cash back when you spend $500 in the first three months with the card. The card also offers an ongoing reward of 3% cashback on all restaurant and dining costs.
The card also comes with 2% cash back for grocery stores.
It’s also important to note that this card doesn’t have and foreign transaction fees, which makes international travel significantly more affordable.
All other purchases earn 1% cashback.
However, the regular APR on this card is relatively high, with a variable rate between 15.49% – 25.49%.
This is another card that’s great for foodies and people who love food since it’s biggest rewards tiers are for restaurant and groceries purchases.
2. Capital One VentureOne Rewards Credit Card
The VentureOne Rewards card also comes with a $0 annual fee, $0 foreign transaction fee, and a reward bonus for spending at least $500 in the first 90 days you own the card.
Best City Credit Card With No Annual Fees
1. Citi® Double Cash Card
The Double Cash Card is a good option for consumers that are looking for a good rewards program more than an extremely simple credit card.
It offers a consistent 2% cash back on all purchases, 1% directly on purchases, and another 1% when you pay back the balance on the card.
The card also has a 0% APR for the first 18 months on all balance transfers.
This is a great starter card because it’s incredibly simple and easy to use, and offers highly consistent and predictable cashback.
2. Citi Rewards+℠ Card
This rewards card offers 2 points for every $1 spent up to the first $6,000 you spend every year. That makes this a fantastic card for low to moderate spenders.
But the best feature of this card is that they round up all points to the nearest 10. So you’re certain to get at least 10 points on all purchases, which averages out to be about 30% additional points on average.
However, the variable APR rate is relatively high, at 13.49% to 23.49%.
The signing bonus for this card is 15,000 points after you’ve spent at least $1,000 in the first three months of owning the card.
This card is a good option for spenders who regularly put at least $6k on their cards in a year. Its also great for people who are looking for a generous reward system that gives a wide variety of different rewards since their point reward system has a lot of options for cardholders.