logo
Only Clyde Finds the Best Card
Based on How You Spend.

No Annual Fee Credit Cards for September 2021

Compare our recommended annual fee credit card offers from our partners. Apply securely online by clicking APPLY NOW.
Sign up for a free account and Clyde’s AI will estimate the first year rewards value you will receive for each card. Estimates are personalized and based on your opt-in transaction data securely shared through Plaid.

Citi® Double Cash Card – 18 month BT offer

Requires sign in
Rewards Rate
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
Intro Balance Transfer APR
0% for 18 months on Balance Transfers
Extra Benefits
No annual fee and free access to Citi Entertainment®
See Full Details

Chase Freedom Unlimited®

Chase Freedom Unlimited®
On Chase's secure site
Requires sign in
Rewards Rate
Earn 5% on Chase travel purchased through Ultimate Rewards®, 3% on dining and drugstores, and 1.5% on all other purchases.
Welcome Bonus
Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening
Intro Purchase APR
0% for 15 months on Purchases
See Full Details

Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express
On American Express's secure site
Rates & Fees
Rewards Rate
3% Cash back on your first $6,000 of eligible purchases per year at US supermarkets, 2% Cash Back at Gas Stations, 1% Cash Back on all other purchases
Welcome Offer
Earn up to $250 in statement credits. Terms apply.
0% Intro Purchase APR
0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%
See Full Details

Citi® Diamond Preferred® Card

Citi® Diamond Preferred® Card
On Citi's secure site
Requires sign in
0% Intro Balance Transfer APR
0% Intro APR for 21 months on balance transfers from date of first transfer
0% Intro Purchase APR
0% Intro APR for 12 months on purchases form date of account opening
Regular Purchase APR
13.74% - 23.74% (Variable)
See Full Details

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 Clyde account. Clyde’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.

Bank-Level Security

256 Bit EncryptionDSS Compliant

As Seen In

USA TodayBloombergNBCFox Business

Free Forever

Clyde is an always-free service. We’re passionate about financial transparency and strive to get you the most for your money.

100% Secure

We are serious about security. We encrypt all the data you share with us to ensure your experience is both easy and safe.