Top 8 No Annual Fee Credit Cards in 2020 for Points and Miles

Top 8 No Annual Fee Credit Cards in 2020 for Points and Miles

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When it comes to credit cards, the best things in life aren’t free.

Generally speaking, credit cards that come with an annual fee offer better rewards, and that can easily offset the cost of the fee you are paying. It’s the main reason why we encourage readers to do the math before ruling out even cards with a hefty annual fee.

But we get it. Not everybody has an appetite or the budget – especially with the economic uncertainty we are seeing from coronavirus –  to pay a fee just for holding a travel rewards credit card.

There are a number of no annual fee credit cards offering travel rewards that are worth a spot in your wallet. In no particular order, here are some of our favorites.

 

The Capital One VentureOne Rewards Credit Card

The Capital One VentureOne Rewards Credit Card is a great card that provides a lot of flexibility in how you use your miles. Venture miles can be transferred to 17 different airline & hotel transfer partners. Think of the VentureOne Card as the little brother of the Capital One Venture Rewards Credit Card which provides a better-earning rate, bonus miles, and credit for TSA PreCheck or Global Entry.

Capital One Venture Miles are fantastic for covering the cost of things traditional points and miles cannot cover like cruises, tours, or Airbnb.

See our guide on the Capital One Venture vs. VentureOne Card to see which is right for you. 

  • Welcome Offer: Earn 20,000 miles after spending $1,000 in the first three months of card membership. ($200 in travel)
  • Earn 1.25x Miles: Earn a fixed 1.25x miles per dollar spent on every purchase.
  • No Foreign Transaction Fees

 

No Annual Fee Credit Cards

 

Click Here to learn more about the Capital One VentureOne Rewards Credit Card.

 

The Chase Freedom Unlimited Card

The Chase Freedom Unlimited card earns a straight 1.5% cashback on all spending with no annual limit.

But if you hold a Chase Sapphire Preferred Card or the Chase Sapphire Reserve, the card becomes even more valuable.

That’s because you can combine the points earned from the Freedom Unlimited and redeem them at 1.25 or 1.5 cents (depending on the Sapphire card you have) towards travel in the Chase portal.

The 1.5% cash back you will earn on every dollar spent equates to 1.5 Ultimate Rewards points after you transfer them. You can read more about this here, and see more card details below:

  • Earn a $200 Bonus (20k Chase points) after you spend $500 on purchases in your first 3 months from account opening.
  • Earn 1.5% back on all spending with no annual limit
  • Affected By The Chase 5/24 Rule: This card is subjected to Chase’s 5/24 rule, so this is something to be aware of before applying.

 

 

Click Here to learn more about the Freedom Unlimited card. 

 

Delta SkyMiles Blue American Express Card

Delta has four different co-branded credit cards, but the Delta SkyMiles Blue American Express Card is the only one without an annual fee. But with that comes a lack of benefits. You won’t get free checked bags, lounge access, or priority boarding, but you will earn 2x SkyMiles on Delta purchases and have foreign transaction fees waived.

We think it’s one of the best cards for beginner Delta travelers.

  • Earn 10,000 SkyMiles after spending $500 in the first three months of card membership.
  • Earn 2x SkyMiles per dollar spent on Delta purchases. 
  • No Foreign Transaction Fees.
  • Receive a 20% savings in the form of a statement credit after you use your Card on eligible Delta in-flight purchases of food, beverages, and audio headsets.
  • No Annual Fee.

 

 

Click Here to learn more about the Delta SkyMiles Blue American Express Card. 

 

Hilton Honors American Express Card

The no annual fee Hilton Honors American Express Card is offering a welcome offer bonus of 75,000 Hilton Honors points after spending $1,000 in the first three months of card membership.

Just for holding the card, you will receive Hilton Honors Silver status. You can earn Hilton’s Gold status by spending $20,000 or more in a calendar year. We think Hilton’s Gold status is the best mid-tier hotel program.

See the full card details below:

  • Welcome Offer: Earn 75,000 Points after spending $1,000 in the first three months of card membership.
  • Earn Hilton Honors Silver Status: For as long as you have the card.
  • Earn Hilton Gold Status: If you spend $20,000 or more in a calendar year, you will earn Hilton’s Gold status.
  • 7x Hilton Honors Points:  At participating hotels in the Hilton portfolio.
  • 5x Hilton Honors Points: At U.S. restaurants, U.S. supermarkets, and U.S. gas stations.
  • 3x Hilton Honors Points: On all other purchases.
  • No foreign transaction fees.
  • No Annual Fee

 

 

Click Here to learn more about the Hilton Honors American Express Card.

 

Citi Double Cash Card

The Citi Double Cash Card earns 2% cash back on every single purchase you make. You’ll earn 1% cash back when you make the purchase, and an additional 1% cash back when you pay off those purchases.

And if you hold one of Citi’s top tier travel credit cards like the Citi Premier or the Citi Prestige cards, the cashback you earn can be transferred directly into your Citi ThankYou Rewards account.

The card doesn’t offer a sign-up bonus but also doesn’t have an annual fee. 

 

best cashback credit card

 

Click Here to learn more about the Citi Double Cash Card.

 

The Chase Freedom Card

The Chase Freedom card is a fantastic card to combine with the Chase Sapphire Preferred Card or the Chase Sapphire Reserve credit cards.

Like the Freedom Unlimited card mentioned above, If you hold a Sapphire card, you can combine the cash back earned from the Freedom card into Chase Ultimate Rewards at a ratio of 1 cent equals 1 point and redeem them at 1.25 or 1.5 cents (depending on the Sapphire card you have) towards travel in the Chase portal. More card details below:

  • Welcome Offer: Earn $200 Bonus after you spend $500 in the first three months of card membership.
  • Earn 5% Cash Back: Earn 5% cash back on up to $1,500 in spending in rotating quarterly bonus categories.
  • Unlimited 1% Cash Back: Earn an unlimited 1% cashback on all other purchases.
  • Affected By The Chase 5/24 Rule: This card is subjected to Chase’s 5/24 rule, so this is something to be aware of before applying.

 

 

Click Here to learn more about the Chase Freedom Card. 

 

The Blue Business Plus Credit Card from American Express

The Blue Business Plus credit card from American Express is one of my favorite no annual fee credit cards. It is a business card, but it earns 2x Membership Rewards points on all purchases up to $50,000 a year. I place a high value on Membership Rewards because of the flexibility they provide. For example, they can be transferred at a 1:1 ratio directly into your Delta SkyMiles account.

Earning 2x Membership Rewards points on every purchase is an incredible offer. And almost anybody can be approved for an American Express business credit card. Read our guide to applying here.

More card details below:

  • Welcome Offer: 10,000 Membership Rewards points after spending $3,000 in the first three months of card membership. 
  • Earn 2x Membership Rewards points on the first $50,000 in purchases each year. Earn 1x points thereafter.

 

 

Click Here to learn more about the Blue Business Plus Card from American Express. 

 

Wells Fargo Propel Credit Card Card

The Wells Fargo Propel credit card is another great no annual fee travel rewards credit card. The card earns 30,000 bonus points after spending $3,000 on the card within the first three months. These can be redeemed for up to $300 towards travel.

  • Welcome Offer: Earn 30,000 bonus points after spending $3,000 in the first three months of card membership.
  • 3x Points on travel, eating out and ordering in, gas stations and streaming services like Hulu & Netflix
  • 0% Intro APR: Receive a 0% APR for the first 12 months from account opening.
  • Click Here to learn more about the Wells Fargo Propel Credit Card (for full disclosure this is not an affiliate link).

 

Bottom Line

While you can typically earn far more points and miles on cards with an annual fee, no annual fee credit cards can still provide good value. This list contains our favorites and should be the eight you focus on if you are considering no annual fee credit cards to earn points and miles.

 

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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