The Best No Annual Fee Credit Cards of 2014

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One of the biggest factors people use to pick a credit card is whether or not it has an annual fee.  Credit cards with no annual fee are exponentially more popular than those who charge members each year for the privilege of carrying the plastic.  But sometimes, the price a consumer will pay by avoiding an annual fee is high, due to a higher interest rate and reduced rewards program. In fact, some of the most rewarding credit cards I use come with a fee.

But for those looking to avoid the cost, I’ve compiled an extensive list of the best no annual fee credit cards, taking into account everything that creates a quality credit card.

DR Favorite

Discover it®

Editor's Pick

Discover it®

Apply for the Discover it®
  • Fair. No annual fee. No overlimit fee. No foreign transaction fee. Plus, pay up to midnight ET online or by phone on your due date without a fee. No late fee on your first late payment. And paying late won't raise your APR.*
  • Generous. 5% cash back at Home Improvement Stores, Furniture Stores and Bed Bath & Beyond® on up to $1,500 in purchases from April through June 2014.*
  • Human. 100% U.S.-based customer service available any time.
  • Safe. Because you're never responsible for unauthorized purchases with our $0 Fraud Liability Guarantee.
  • Plus, free FICO® Credit Score on your monthly statement to help you stay on top of your credit.*
  • 0% Intro APR* on balance transfers for 18 months. Then the variable purchase APR applies, currently 10.99% - 22.99%. A fee of 3% applies for each balance transferred.
  • 0% Intro APR* on purchases for 6 months. Then the variable purchase APR applies, currently 10.99% - 22.99%.
  • *Click "Apply" to see rates, rewards, and free FICO® Credit Score terms and other information.
Citi Simplicity® Card
Citi Simplicity® Card
Apply Now...
at CitiBank's
secure site
  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - EVER
  • No penalty rate - EVER
  • No annual fee - EVER
  • Save time when you call with fast, personal help, 24 hours a day.
Purchases Balance Transfers Regular APR Annual Fee
Intro APR Intro APR Period Intro APR Intro APR Period
0%* 18 Months* 0%* 18 Months* 12.99% – 21.99%* Variable $0*
720 Average credit score approved for this card† 644 Lowest credit score approved for this card†

Barclaycard® Rewards MasterCard® - Average Credit
Barclaycard® Rewards MasterCard® - Average Credit
Apply Now...
at Barclaycard's
secure site
  • No annual fee
  • Earn 2 points per $1 on gas, grocery, and utility purchases and 1 point per $1 everywhere else
  • Use the points you earn like cash to pay for almost any purchases you've made.
  • No blackout date, no redemption fees, no limit on the points you can earn and no complicated set up.
  • Reports to all 3 major credit bureaus monthly providing you the opportunity to rebuild your credit score
  • Complimentary FICO® Scores as a benefit to active cardmembers. Opt-in to have instant and convenient access to FICO® Scores from your Barclaycard online account.
Purchases Balance Transfers Regular APR Annual Fee
Intro APR Intro APR Period Intro APR Intro APR Period
N/A N/A N/A N/A 24.99%* Variable $0
658 Average credit score approved for this card† 595 Lowest credit score approved for this card†

Citi® Diamond Preferred® Card
Citi® Diamond Preferred® Card
Apply Now...
at CitiBank's
secure site
  • Get 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the APR will be 11.99%-21.99% based upon your creditworthiness.*
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer.
  • Citi® Easy Deals(SM) Get what you want for less. Earn Citi Easy Deals Points for the purchases you make with your card. Redeem your points for great online deals on name-brand merchandise, gift cards and even local deals.
  • Let our 24/7 concierge service help book your hotel rooms, flights and more.
  • Enjoy special access to presale tickets, preferred seating, VIP packages, and unique entertainment experiences through Citi Private Pass®.
  • $0 liability on unauthorized purchases and Citi® Identity Theft Solutions
  • No annual fee*
Purchases Balance Transfers Regular APR Annual Fee
Intro APR Intro APR Period Intro APR Intro APR Period
0%* 18 Months* 0%* 18 Months* 11.99% – 21.99%* Variable $0*
727 Average credit score approved for this card† 672 Lowest credit score approved for this card†

U.S. Bank Visa® Platinum Card
U.S. Bank Visa® Platinum Card
Apply Now...
at US Bank's
secure site
  • 0% Intro APR* on purchases and balance transfers for 15 billing cycles. After that, a variable APR currently 9.99%-23.99%
  • No annual fee*
  • Online bill pay for a fast and convenient way to pay bills online with your U.S. Bank Visa® Platinum
  • $0 fraud liability* for unauthorized transactions if your card is ever lost or stolen
  • Fraud Protection detects and notifies you of any unusual card activity to help prevent fraud
  • Online account management and account alerts
Purchases Balance Transfers Regular APR Annual Fee
Intro APR Intro APR Period Intro APR Intro APR Period
0% 15 Months 0% 15 Months 9.99% – 23.99%* Variable $0
730 Average credit score approved for this card† 661 Lowest credit score approved for this card†

The Travelocity® Rewards American Express® Card
The Travelocity® Rewards American Express® Card
Apply Now...
at Barclaycard's
secure site
  • Earn 5,000 bonus points after your first purchase
  • Earn an additional 5,000 bonus points after spending $1,000 on purchases within the first 90 days of account opening
  • Earn 3 points per $1 spent on eligible Travelocity purchases
  • Earn 1 point per $1 spent on all other purchases
  • Points can be redeemed for statement credits towards Travelocity purchases for Flights, eligible Hotels and Vacation Packages, with no blackout dates
  • No Annual Fee
  • Please see Terms and Conditions for complete details
Purchases Balance Transfers Regular APR Annual Fee
Intro APR Intro APR Period Intro APR Intro APR Period
N/A N/A N/A N/A 14.99% - 24.99%* Variable $0
0 Average credit score approved for this card† 0 Lowest credit score approved for this card†

Barnes & Noble MasterCard®
Barnes & Noble MasterCard®
Apply Now...
at Barclaycard's
secure site
  • Earn a $25 Gift Card after your first purchase
  • Get 5% Back at Barnes & Noble
  • Earn 1 point per $1 spent on everything else
  • Every time you reach 2,500 points, you'll automatically receive a $25 B&N Gift Card
  • No Annual Fee
  • See Terms and Conditions for complete details
Purchases Balance Transfers Regular APR Annual Fee
Intro APR Intro APR Period Intro APR Intro APR Period
N/A N/A N/A N/A 13.99%-24.99% $0
Average credit score approved for this card† Lowest credit score approved for this card†

Citi Simplicity® Card
Citi Simplicity® Card
Apply Now...
at CitiBank's
secure site
  • 0% Intro APR on Balance Transfers and Purchases for 18 months. After that, the variable APR will be 12.99% - 21.99% based on your creditworthiness.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • No late fees - EVER
  • No penalty rate - EVER
  • No annual fee - EVER
  • Save time when you call with fast, personal help, 24 hours a day.
Purchases Balance Transfers Regular APR Annual Fee
Intro APR Intro APR Period Intro APR Intro APR Period
0%* 18 Months* 0%* 18 Months* 12.99% – 21.99%* Variable $0*
720 Average credit score approved for this card† 644 Lowest credit score approved for this card†

Published or Updated: February 21, 2014
About Rob Berger

Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.

Comments

  1. Robert Craddick says:

    I am retiring soon and will have 150,000.00 in cash and a pension of 2500.00 per month. I have less than good credit. My question is this: will a bank or institution give me a credit card for car rentals and the like? Thank you for your time.

  2. It’s really a cool and helpful piece of info. I’m happy that you just shared this helpful information with us. Please stay us up to date like this. Thanks for sharing.

  3. B. Shapiro says:

    PenFed Visa dropped their cash rewards for other than gas purchases to 0.25 percent BEFORE you updated in March. You need to update your info!

    • Rob Berger says:

      Thanks for bringing this to my attention. That’s a significant change to the rewards. Still a great gas rewards card, but not for other purchases.

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