Credit Card Offers No Annual Fee for 2014
Everybody would like to avoid paying annual fees for their credit card if they could, but finding a no annual fee credit card with a sensible interest rate attached can be a challenge. Below you can find credit cards which offer the best of both worlds. These credit cards come not only with zero annual fees but also relatively low interest rates, zero percent intro APR promo periods and a host of other attractive features.
Citi Simplicity Card
Do you hate getting hit with late fees and penalty rates? Then the Citi Simplicity Card might be the right choice for you. The Citi Simplicity comes with a zero percent intro APR on purchases and balances for the first 18 months. Following the promo period, your APR will be between 12.99 percent and 21.99 percent, depending on your creditworthiness. You are also covered against unauthorized charges with the $0 liability policy, automatic account alerts and identity theft assistance. Most importantly, there are no late fees, no penalty rates and yes, no annual fees.
Chase Freedom provides great cash back, bonuses and has no annual fees. If you spend $500 in the first three months after opening the account, you can earn a $100 bonus. There is also an annual 10 percent bonus for Chase checking customers. You can earn 5 percent cash back on a range of categories, up to $1500 every three months. In addition, you can earn 1 percent cash back on anything else that you purchase and there are no limits on how much you can earn.
Discover It is a reliable and safe credit card with great cash-back features. Discover it offers a $0 fraud liability guarantee, so you never have to worry about being held responsible for unauthorized charges. It includes a zero percent intro APR offer on balance transfers for 18 months. There is also a zero percent intro APR on purchases for the first six months. Following the intro rate, the APR rises to between 10.99 percent and 22.99 percent. There is also a relatively low 3 percent fee on balance transfers.
The Choice Privileges Visa Card
The Choice Privileges Visa Card is a great choice if you are looking for a first-class rewards program without the annual fees. You can earn up to 8,000 bonus points after you make your first purchase. Stay at one of the Choice Privilege locations and earn an additional 24,000 bonus points. You also have the opportunity to earn 15 bonus points for every $1 you spend at the more than 4,2000 Choice Privileges locations. The main downside to the Choice Privileges Visa card is the lack of an intro APR rate. The APR on the Choice Privileges card is 15.24 percent or 19.99 percent variable. You can also be charged a late fee of up to $35 on any late payments.
Chase Slate Credit Card
Chase Slate charges lower interest rates than many competing cards and offers no-fee transfer in the first 60 days after opening your account. You can save on purchases made in the first 15 months with the Slate zero percent intro APR rate. After the intro rate period ends, you will be charged a variable APR of 12.99 percent, 17.99 percent or 22.99 percent. Another great feature of the Slate card is the price protection. Make any purchase in the United States using the Slate and find out that it was advertised for less in print or online in the next 90 days, and you can be reimbursed up to $500 per item. This covers you all of the way up to $2,400 for the year. The Slate also comes with an extended warranty protection that extends any United States manufacturer's warranty by an additional year, or up to three years on certain eligible warranties.
No annual fee credit cards typically won't offer the best interest rates available, so if you don't pay your bills on time, you may be better off selecting a card that carries an annual fee but has a lower interest rate. However, if you can pay your balance in full each month, the savings on annual fees can make these cards well worth applying for. As with any financial decision, it is important to evaluate your personal circumstances before deciding.