Let’s be honest, everyone wants to save money. Finding a solid credit card with all of the necessary bells and whistles can be a challenge. A very important sometimes overlooked aspect when considering a credit card can be the fees associated with said card.
Life happens, and payments can be late incurring fees. Many great credit cards also have annual fees as well as maintenance fees. When funds are tight, any additional fees incurred is the last thing anyone wants. Fortunately, there are a variety of fantastic credit cards available that are fee free.
Some Top Notch Options
There are a great deal of superb, no fee cards, so this is not an exhaustive list. However, Chase, Citi, Discover, and Bank of America offer some excellent options for credit card users who would like to keep more money in their pockets. Consumers can’t go wrong with any of the options below, so let’s take a look at some great no-fee cards.
Chase Slate Credit Card
The Chase Slate Credit Card is a phenomenal card for a variety of reasons. This card offers no annual fee as well as no penalty interest. Additionally, this card has a great introductory balance transfer offer that features a zero percent fee for sixty days after creating the account. Plus, the interest rate is zero percent as well on balance transfers in addition to general spending for fifteen months. This is a solid amount of time to pay down some debt or make a big purchase and pay it off, so this can be a fantastic tool. Chase also offers cardholders FICO credit scores for free that is updated monthly for the owner’s convenience. Chase also gives its cardholders some other significant positive features such as purchase and fraud protection as well as fraud alerts.
Citi Simplicity Credit Card
The Citi Simplicity Credit Card is fee-free heaven. It features no annual fees, no penalty rate, and no late fees. This card also offers a great introductory balance transfer interest rate of zero percent for eighteen months after the first balance transfer is done. It should be noted that they must be done within four months of the account opening. Plus, cardholders can enjoy zero percent interest on all purchases made with their Citi Simplicity Card for eighteen months after the account is created. A year and a half is a seriously long time to enjoy no interest. Citi also offers its cardholders identity theft assistance to help clients with the process of reporting the necessary information to get life back to normal and everything in between. Plus, Citi offers purchase protection, account alerts, payment due date choice, customer service available day or night, and integration with Apple Pay.
Discover it Card
The Discover it Card is a great option as well. This card offers no annual fee plus some great rewards. Cardholders can enjoy zero percent interest for the first fourteen months on both balance transfers and all purchases made with the card. Discover gives cardholders five percent back on different categories of purchases that change with the quarter. Owners of this card also can enjoy one percent cash back on everything they buy. Discover also matches all of the cash back cardholders have created for their entire first year of use which is pretty incredible. Cardholders can redeem these at any time, so they needn’t worry about points expiring with this credit card. Discover also gives its clients the ability to freeze a card if it is lost, their FICO score for free, and the United States based on customer service. They also offer purchase protection and account monitoring.
BankAmericard Credit Card
The BankAmericard Credit Card is a super option as well. This credit card offers no annual fee and no penalty interest rate, which is beyond useful. This credit card also offers a 0% interest rate for the first fifteen billing cycles for everything purchased with this credit card. Balance transfers also use this feature if they are completed within sixty days of the account opening. Plus, balance transfers can be completed for sixty days for free as well with no fee to worry about. Bank of America kindly gives its clients their FICO score for free as well as education about credit which can be a lifesaver as credit can be complicated. Plus, Bank of America offers integration with Apple Pay, fraud protection, temporary credit card numbers for safe online shopping, account alerts, overdraft protection, and banking via text messaging.
What Cards have No Annual Fees
When looking for what cards have no annual fees an individual must make sure they research properly on what cards have no annual fees and what card do not have annual fees just during their first year. This can be a tricky detail to miss, but here are two great cards called the Capital One Venture One Rewards Credit Card and the Chase Freedom Unlimited Card. The first card offered by Capital One is a great card that has an initial offer that offers 20,000 flight miles or $200 in travel if the cardholder spends $1,000 within their first 3 months of having the card. Furthermore, this card also offers 1.25x flight miles on every purchase and offers 10x flight miles for money spent at specific hotels. Next, the Chase Freedom Unlimited Card has a great initial offer that provides $150 cash back after the cardholder spends at least $500 within the first 3 months of having the card. Another great offer this card provides is giving 1.5% cash back on all and every purchase, which is a very good cash back offer.
What Cards have No Late Fees
When looking for what cards have no late fees it is important to make sure that the individual interested have good to excellent credit to be approved to use this credit card. The two best credit cars that have no late fees are the Citi Simplicity card and the PenFed Promise Card. The Citi Simplicity card is probably the most popular card with no late fees due to being the only credit card that offers no late fees, no penalty rate, and no annual rate. That isn’t all this card has to offer even without having an initial offer this card also provides 0% APR for the first 18 months after purchase or balance transfer, then the apr will be between 15% and 26% depending on the cardholder’s credit. The PenFed Promise Card is a great card that is offered by the Pentagon Federal Credit Union that only military or government employees can use unless an individual donates a little to one of their charities. With this card, individuals will not have to pay late fees, annual fees, foreign transaction fees, or cash advance fees. Along with these great benefits this card comes with an initial offer of gifting cardholders with a $100 bonus if they spend $1,500 within the first 3 months of using the card. Now individuals have two great cards to know what cards have no late fees.
What Cards have Maintenance Fees
When looking to apply for a new credit card it is important to find out what cards have maintenance fees, so an individual is not stuck paying a high credit card bill every month without knowing beforehand.
The Surge Mastercard
The Surge Mastercard from Continental Finance has a maintenance fee that is $10 a month which adds up to $120 per year. This card also has an annual fee of $125 for the first year and $96 a year after that. Plus other fees that can quickly add up in the long haul individuals should only use this card to build credit which is what it is meant for.
First Premier Bank Gold Credit Card
The First Premier Bank Gold Credit Card has a monthly maintenance fee of $6.25 to $10.40 depending on the credit limit. Along with this maintenance fee, this card comes with 36% interest rate and an annual fee of $75 to $125 plus an initial $95 processing fee that can all quickly add up to an individual spending a lot of money to fix their credit. Here are two cards individuals may want to avoid when looking for what cards have maintenance fees.
Wells Fargo Propel American Express
The first card the Wells Fargo Propel American Express card has an initial offer of 30,000 points equivalent to $300 if the cardholder spends at least $3,000 within the first 3 months of having the card. Another cool feature this card has is that it provides 1 cent cash back on every point that a cardholder can rack up while using the card. Cardholders can also gain points at 3x the amount spent on dining, traveling, and streaming services with 1x the amount spent on everything else.
Amex Everyday Credit Card
As for the other card called The Amex Everyday Credit Card, it has an initial offer that gifts 10,000 points after spending $1,000 within the first 3 months of having the card. Plus, all of these points can be redeemed to use for traveling, merchandise, other bonuses offered to cardholders. Both of these cards have all of these great benefits plus they meet the requirements of being some of the best no fee credit cards.
Which One Should You Choose?
With so many options, it can be very difficult to decide which card is best for you. However, it is difficult to go wrong with any of these great options. These cards can save their owners significant money while offering some solid additional benefits. The companies behind these cards are tried and true, so cardholders can feel safe in their decision to enjoy any of these cards.