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Best No Annual Fee Credit Cards for November 2022

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No Annual Fee

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2. Save money on fees & interest & earn valuable rewards 
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Excellent/Good (670+)Fair (669 - 580)Poor (Below 579)Limited or None
Earn an additional 1.5% cash back your first year

Chase Freedom Unlimited®

On Chase's secure site
Rewards Rate
Enjoy 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases
Welcome Offer
Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) — worth up to $300 cash back. That's 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.
0% Intro APR
Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.99% - 26.74%.
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U.S. Bank Visa® Platinum Card

On U.S. Bank's secure site
0% Intro APR
0% Intro APR on purchases and balance transfers for 18 billing cycles. After that, a variable APR currently 18.24% - 28.24%.
Extra Perks
Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your U.S.Bank Visa® Platinum Credit Card. Certain terms, conditions, and exclusions apply.
U.S. Bank ExtendPay™ Plan
Pay over time by splitting eligible purchases of $100+ into equal monthly payments with U.S. Bank ExtendPay Plan.
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Wells Fargo Active Cash® Card

On Wells Fargo's secure site
Rewards Rate
Earn unlimited 2% cash rewards on purchases
Welcome Offer
Earn a $200 cash rewards bonus after spending $1,000 in purchases in the first 3 months
0% Intro APR
0% intro APR for 15 months from account opening on purchases and qualifying balance transfers, then a 18.74%, 23.74%, or 28.74% variable APR
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0% APR for 15 months on purchases from the date of account opening

Blue Cash Everyday® Card from American Express

On American Express's secure site
Terms Apply
Rewards Rate
3% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases, then 1%; 3% Cash Back on U.S. online retail purchases, on up to $6,000 per year, then 1%; 3% Cash Back at U.S. gas stations, on up to $6,000 per year, then 1%
Welcome Offer
Earn up to $150 back when you shop with PayPal. Earn 20% back as a statement credit on purchases when you use your new Card to check out with PayPal at merchants in the first 6 months of Card Membership, up to $150 back. Plus, earn $100 back as a statement credit after you spend $2,000 in purchases on your new Card in the first 6 months.
Intro APR
0% intro APR on purchases and balance transfers for 15 months from the date of account opening. After that, 17.74% - 28.74% variable APR.
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U.S. Bank Cash+® Visa Signature® Card

On U.S. Bank's secure site
Rewards Rate
5% cash back on your first $2,000 in combined eligible purchases each quarter on two categories you choose, 5% cash back on prepaid air, hotel and car reservations booked directly in the Rewards Travel Center, 2% cash back on one everyday category, like Gas Stations/EV Charging Stations, Grocery Stores or Restaurants, 1% cash back on all other eligible purchases
Welcome Offer
$200 bonus after spending $1,000 in eligible purchases within the first 120 days of account opening.
0% Intro APR
0% Intro APR on purchases and balance transfers for the first 15 billing cycles. After that, a variable APR currently 18.24% - 28.24%
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Wells Fargo Reflect® Card

On Wells Fargo's secure site
Intro APR
0% intro APR for up to 21 months from account opening on purchases and qualifying balance transfers
Regular APR
16.74% - 28.74% variable APR
Extra Perks
$0 annual fee and up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card (subject to a $25 deductible)
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Should You Pay an Annual Fee?

As the name suggests, a no annual fee card is a card that does not charge a yearly fee for a customer to be able to use it. Along with charging no annual fee, many of these cards also offer rewards through many forms. Usually, cards charge annual fees to make up for costs associated with the bonuses and rewards offered by the card. In many cases, the annual fee is compensated for by the rewards offered by the card. Just because a card comes with an annual fee doesn’t mean it should be ruled out as a great option for you. It comes down to a few factors such as how much you spend, what purchases you typically make, and if you will earn a welcome bonus. The best way to be sure you’re getting the best card for how you spend is to sign up for a free BestCreditCard account. BestCreditCard’s AI calculates the rewards value you will likely earn in the first year of opening a new card.

The Advantages of Paying No Annual Fee

Cards that do not charge annual fees also come with plenty of advantages. One of the most overlooked benefits of no annual fee cards is that they can indirectly help you build and improve your credit score. Consider that no annual fee cards can offer an attraffordable (i.e. no fee) way to increase the total amount of credit you have access to. Assuming you keep your spending amount consistent, increasing the amount of credit you have access will decrease your credit utilization ratio, which is a key component of credit scores.

This ratio indicates how much of your credit you have utilized and accounts for 30% of your credit score. If you currently have only one card and decide to make a large purchase, this could increase your utilization ratio -- thereby decreasing your credit score. However, if you open a new account with a no annual card, you can then spread your purchases across the two cards which will help lower your utilization ratio. It is ideal to keep your utilization ratio below 30%.

The biggest advantage of such cards is that you won’t face out-of-pocket costs when you open your new card. Many no annual fee cards also include the following benefits:

  • Purchase protection
  • Fraud protection
  • Free credit score reports

Although no annual fee cards usually don’t provide top tier rewards, there are still many rewards to incentivize you. Many cash back credit cards with no annual fees offer anywhere up to 1.5% of cashback on purchases. If you look into a travel card with no annual fees, you may still be able to earn competitive miles/points on your travels.

Considerations

However, it is also vital to realize that while you may not be charged an annual fee, there will most likely still be other charges that you are required to make. Some of these charges include, but are not limited to:

  • Foreign transaction fees
  • Late fees
  • Cash advance fees

Some cards also only offer no annual fees for a limited time period, after which you will have to start paying them annually. It is crucial to look out for these. When looking through various no annual fee cards, take note to compare each card’s APR. Apart from rewards, one of the most important features of a no annual card is its introductory APR offer. Many cards will allow a low APR rate, often even 0%, for a limited period of time. It is important to compare both the period of time for the introductory offer and the rate being provided for this time. The introductory offer rate can be extremely useful if you are looking to make a large purchase or looking to pay down credit card debt. Many cards will also offer sign up bonuses via credit statements, rewards, and cash back.

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The card offers that appear on this site are from companies from which BestCreditCard receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCreditCard does not include all card companies or all card offers available in the marketplace.
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Approval Odds
BestCreditCard calculates your approval odds by comparing your credit profile to other BestCreditCard members who were approved for this product. These approval odds are estimates only and do not guarantee approval. Credit card issuers use a variety of different types of credit scores and criteria to make credit decisions. The TransUnion credit score we provide is based on the VantageScore 3.0 model and may not be the credit scoring model used by financial institutions presenting offers on our website.