Navigating the World of No Yearly Fee Travel Credit
Travel credit cards are a must for travelers who wish to maximize their travel experiences and also reap enormous benefits. The majority of travel cards include annual fees range from $95 to $500 or more; while these fees come with a lot of advantages, they might not be the ideal option for everyone.
Having said that, there are alternatives available that are free of annual fees and offer substantial advantages without going over budget. But what does an annual charge really entail? Now let’s dive in.
Summary List of Best Travel Credit Cards with no Annual Fee
Top 5 Travel Credit CARDS
A flat rate of miles is given on all purchases with the Discover it Miles credit card, which has no annual fee. Discover effectively doubles your perks by matching all the miles you earn in your first year. With the launch of its it Miles card, Discover catered to people looking for easy ways to accrue travel rewards by offering 1.5 miles for every dollar spent as well as a special first-year match for new users. When using your card to pay for travel-related transactions, there are no blackout dates. Additionally
it’s simple to redeem miles as a statement credit for deposits into your bank account, dining out, or retail purchases. The nicest thing is that, even if your account is closed, the miles you earn never expire.
| Pros | Cons |
|---|---|
| No annual fee | No Luxury travel perks |
| No Foreign transaction fee | It’s not widely accepted Abroad |
| It provides excellent redemption flexibility for travel-related purchases in addition to endless, flat-rate miles. | |
| The value of the incentive is not lost because you can trade your miles for cash back at a 1:1 ratio. |
For more information click here
One of traveler’s favorite credit cards with cash back is the Citi® Double Cash Card. With no caps of any type, it earns a market-leading 2% cash back on every single payment you make i.e., 1% when you make a purchase and an additional 1% when you pay it off. The card has no annual charge, so you don’t have to worry about whether the advantages surpass the cost because there is no cost linked to owning the card. The Citi® Double Cash Card boasts of one of the greatest and easiest earning rates of any credit card, in addition to having no annual fee.
Redeeming the cash back you earn from Citi Double Cash Card is a very easy step. You have the option of having it deposited into a bank account, request for Citi to send you a cheque or you use as a statement credit to offset whatever purchase you initiate with the card.
| Pros | Cons |
|---|---|
| No annual fee | No Luxury travel perks |
| Easy, simple to obtain and use cash back | No bonus categories |
| Cash back can be converted to travel points when you have a Premium Citi card. | 3% Foreign transaction fee |
For more info click here
If you want to get reimbursed for the things you buy with no annual charges and have good credit, this is a card worth considering. The card is a straightforward choice for those who loathe tracking bonus categories and rewards caps because of its flat-rate rewards structure, which offers 1.5% back on all transactions. The card is affordable to carry, at least within the first 15 months, thanks to its introductory APR rate for purchases and balance transfers.
This card is perfect for those who want to earn rewards without having to deal with a lot of effort or worry because it gives a flat rate of 1.5% cash back on all transactions without complicated bonus categories or rewards caps to keep track of.
| Pros | Cons |
|---|---|
| No annual fee and foreign transaction fees | 3% fee on the amounts transferred within the first 15 months |
| Easy, simple to obtain and use cash back | No bonus categories |
| Generous welcome offer | Good credit required |
For more info click here
Chase chose to give up on its old-fashioned, customary welcome bonus in favor of something more exciting. The only downside is that you won’t be able to get your hands on it until after a year. Right now, you can get unrestricted matched cash back on this credit card with no annual fees for the first year. After fulfilling the minimum spending requirements, this can add up to several hundred dollars more than the $200 bonus that had previously been offered with the card. You can get bonus benefits with the card that increase with your spending, up to 10% on certain purchases.
Points can be transferable to and from a Chase Ultimate Rewards earning card by cardholders who own more than one Chase card. For customers who want to get maximum value out of their rewards, this is an enticing choice, especially because some cards offer greater redemption limits.
| Pros | Cons |
|---|---|
| No annual fee | Good credit required |
| High reward rate | |
| 0% intro APR on purchases for the first 15 months |
For more information click here
For travelers who wish to avoid an annual fee, the Bank of America Travel Rewards credit card is a decent flat-rate rewards card. It’s also a fantastic option for occasional travelers who only take a few trips a year and who wish to get points for regular spending in addition to travel expenses. Your spending doesn’t have to be limited to any one area because this travel rewards credit card has a flat rewards rate and isn’t affiliated with any particular hotel or airline partners. You may book your travel with any provider and get a statement credit.
This card wasn’t designed for luxurious travelers. The premium benefits that certain other credit cards provide are not included in Bank of America’s approach to travel rewards. That doesn’t mean, however, that there are no travel benefits linked with the card. It offers a few exciting benefits as a Visa Signature card, such as concierge services and entry to the Visa Signature Hotel Collection.
| Pros | Cons |
|---|---|
| No annual fee | No significant sign-up bonus |
| Unlimited 1.5 points per dollar on all purchases | Points might be less valuable if you don't have substantial deposits with Bank of America |
| No foreign transaction fees | |
| Flexible redemption options | |
| Solid travel insurance and purchase protection benefits |
For more information click here
For travelers looking to experiment in travel rewards without committing to an annual fee, no annual charge travel cards can be an excellent option. Before choosing the best card for you, evaluate your travel preferences and spending habits as each card has its own set of advantages and disadvantages. These credit cards may offer access to excellent travel experiences without the financial strain of an annual fee, whether it’s via point, cash back, or mile accumulation.