The Top Rated and Most Popular No Annual Fee Credit Cards in 2024

May 1, 2024 By: Stephanie H. - CreditMonarch Online Writer01 comments

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

A credit card without an annual fee is a straightforward and low-cost option for spending to keep your costs down. You don’t need to pay to open a credit card account and there’s no annual fee to use your card. In addition, if you can manage to pay off the balance completely every month, you won’t have to pay any interest either. Remember that failing to pay off the balance in full each month will result in interest payments on the remaining amount you owe. Fees will be incurred if you exceed your credit limit or make a payment after the due date.

To prevent paying any unnecessary fees, be sure to check the payment due date on your monthly credit card bill. Setting up a direct debit payment could be the solution for you, as there’s no chance of forgetting and getting charged for late payments. Ensure that you have sufficient funds in your current account monthly to cover your credit card bill.

Who are no annual fee credit cards suitable for?

A no annual fee credit card might be suitable if:

• You want a credit card that is easy to use.
• You want to keep your credit card expenses low
• You’re good at paying off the full balance each month
• You don’t have a large outstanding credit card debt to pay off
• You want an extra card for occasional use

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• No annual fee