If you don't mind paying an annual fee for credit cards, no annual fee credit card is a good option. There may be additional fees such as an annual percentage fee that is charged for balance transfers or purchases. The annual fee on these cards is only justified if the rewards offered by the credit card are more valuable than the annual fee. You can earn rewards by spending a lot of money in a certain category.
Discover it(r) Cash Back
The Discover it(r- Cash Back) credit card with no annual fees is a great option for those who want maximum cashback from their spending. This card allows you to earn up to 2% cash back on purchases and payments, and charges no annual fee. You also get a free sign-up bonus, and there is no annual spending cap. The cashback match program is not available to everyone.
Chase Freedom Flex
The Chase Freedom Flex no annual fee credit card is a great choice for travelers who want a no-fee card that earns rewards points. The card earns 1 cent per point, and the points can be transferred to other Chase credit cards and airline partners for a 1:1 transfer. The card has other benefits too, such as a cell phone protection plan. Cardholders are eligible for up to $1,000 worth of insurance each year in the unlikely event of an injury. You can also claim up to two times per year and have a $50 deductible.
Citi(r) Double Cash Card
Citi Double Cash Card, which has no annual fees, is one of today's best credit cards. It offers 2% cash back on purchases in certain categories. For anyone who likes to earn cash back, this is a great deal. Also, the 0% APR on balance transfers is a plus. You can also combine the card with other Citi rewards cards to earn even more cash back.
Amex EveryDay (r)
Amex EveryDay (r), no annual credit card fee, and Amex EveryDayPreferred credit cards have no annual fees. These cards are similar in terms of earning structure and benefits. For example, both earn two Membership Rewards points for every dollar you spend at U.S. supermarkets, and one point for every dollar spent elsewhere. Both cards provide 20% bonus points per billing cycle that can be converted to cash.
Bank of America Customized Money
The Bank of America Customized Cash Card with No Annual Fee has a low annual payment and offers a generous APR. But, the benefits and rewards it offers are very limited. Its introductory APR is 0% on purchases and extends to balance transfers.
Hilton Honors Amex
If you're a frequent Hilton guest, the Hilton Honors Amex credit card is worth considering. New cardmembers will be able to earn up to 80,000 points if they spend $1,000 on eligible purchases for a limited period. These points can also be used at U.S.-based restaurants and supermarkets. This card offers 3X points on all other eligible purchases.