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Here is a myth: You have to pay big fees to get good credit card rewards.

While you’ll pay hundreds of dollars in annual fees to own a super-premium credit card, there are plenty of solid cards that offer exceptional rewards at no cost.

Our editors picked their favorite credit cards from a number of categories. Here are the best no annual fee credit cards:

Best No Annual Fee Credit Cards

  • Bank of America Cash Rewards Credit Card
  • Discover it chrome Credit Card
  • Chase Freedom Unlimited Credit Card
  • Citi Double Cash Credit Card

Bank of America Cash Rewards Credit Card

For those who spend big on fuel, this card gives a whopping 3 percent back at the pump. And it’s a great all-around cash-back card, too.


  • Earn 3 percent cash back on gas purchases. 2 percent at grocery stores and wholesale clubs and 1 percent cash back on all other purchases. Earn grocery, wholesale club and gas rewards on combined spending up to $2,500 each quarter.
  • Earn $150 online cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening.
  • There’s an introductory 0% APR for 12 billing cycles following the opening of your account for purchases, and 0% APR for the first 12 billing cycles for balance transfers made within 60 days of opening your account. After that, a variable APR of 14.99 percent to 24.99 percent will apply.

Who should get this card
This card is ideal if your biggest purchases are on gas, followed by grocery stores and wholesale clubs. If you plan to redeem cash back into a Bank of America checking or savings account, you can net a 10 percent bonus. If you’re a Preferred Rewards client with the bank, that award could swell to anywhere from 25 percent to 75 percent, depending on which one of three tiers you qualify for.

Discover it® chrome

This card comes in two varieties, both of which are good: Regular and student. The student version is only offered to enrolled college students. An easy-to-use freeze it function make this card a no-brainer for busy college kids with other things on their mind.


  • Earn 2 percent cash back at gas stations and restaurants with a limit of $1,000 in combined purchases per quarter. Earn 1 percent on all other purchases.
  • During the first year, this card matches the cash back earned on all purchases.
  • No annual fee or over-limit fee. Late payment fee is waived one time.

Who should get this card
Whether you’re a student or not, if you spend big on gas, Discover it® chrome is a good option.

Chase Freedom Unlimited

This card ranks among the best cash-back credit cards available. It offers generous rewards and a decent sign-up bonus.


  • Earn an unlimited 1.5 percent cash back on every purchase.
  • Earn a $150 bonus after you spend $500 on purchases in the first three months of account opening.
  • Cardholders can redeem rewards for cash in any amount at any time. Rewards don’t expire as long as your account remains open.

Who should get this card
This card is a good choice for anyone who wants a straightforward rewards program. It’s also useful for anyone who already owns a Chase rewards card, since Chase Ultimate Rewards can be transferred between cards.

Chase Freedom Unlimited also comes with a 0 percent intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.49 to 25.24 percent.

Citi Double Cash Card

This card has a simple rewards structure with no categories to track, no cap on cash back and no annual fee.


  • Earn cash back twice: 1 percent on general purchases and 1 percent when you pay your bill on time. Two percent cash-back on everything makes this an industry-leading card for cash back on general purchases.
  • Pay no interest on balance transfers for 18 months. After that, there is a variable APR of 15.24% to 25.24%.
  • Register your purchases online through the Citi Price Rewind program and the company will search for lower prices on those items and refund you the difference on better deals.

Who should get this card
This card is best for those seeking an affordable cash-back card with generous rewards on all purchases and an easy-to-use rewards structure. There’s no chasing bonus categories, no rotating categories and no annual fee.


Card Why it’s good
Bank of America Cash Rewards Credit Card 3% back on gas, 2% back on grocery and wholesale clubs up to a combined $2,500 in spending per quarter
Discover it® chrome 2% back on gas and restaurants up to a combined $1,000 in purchases quarterly; First year bonus of double the cash back
Chase Freedom Unlimited Flat 1.5% cash-back on all purchases; points can be transferred to another Chase card for increased redemption value
Citi Double Cash Card 1% cash back plus another 1% at bill pay; 0% APR 18-month balance transfer offer

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