Bogdan Roberts, Credit Cards Moderator
@bogdan_roberts
Chase Freedom Unlimited® is one of the best credit cards for excellent credit with no annual fee as it offers 5% cash back on travel through Chase, 3% back at restaurants and drugstores, and 1.5% back on all other purchases (plus an additional 1.5% cash back on everything, up to $20,000 spent the first year). In addition to its $0 annual fee, Chase Freedom Unlimited also offers an introductory APR of 0% for 15 months on purchases, which also makes it a good financing option.
While the Chase Freedom Unlimited is a great overall option, the best credit card for excellent credit with no annual fee will depend on your individual needs. And some of the best cards on the market with no annual fee will only require good credit or better.
Here are the best credit cards for excellent credit with no annual fee:
The Chase Freedom Unlimited is one of the best excellent credit cards with a $0 annual fee. It offers 5% cash back on travel through Chase, 3% back at restaurants and drugstores, and 1.5% back on all other purchases (plus an additional 1.5% cash back on everything, up to $20,000 spent the first year).
Plus, it has an introductory purchase APR of 0% for 15 months, coupled with an introductory balance transfer APR of 0% for 15 months. Each balance transfer is subject to a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after). The card’s regular APR is 15.24% - 23.99% (V), based on creditworthiness.
The Citi Double Cash Card is also a great option for excellent credit with a $0 annual fee. It offers 2% cash back on every purchase (half when you make a purchase and the other half as you pay for it).
The Bank of America Travel Rewards credit card offers 25,000 points for spending $1,000 in the first 90 days. Plus, you can earn 1.5 points per $1 spent on all purchases. Apart from a $0 annual fee, the card also has a 0% foreign transaction fee.
The U.S. Bank Platinum card offers an introductory purchase APR of 0% for 20 billing cycles, coupled with an introductory balance transfer APR of 0% for 20 billing cycles for transfers within 60 days of account opening. Each balance transfer is subject to a balance transfer fee of 3% (min $5). The card’s regular APR is 15.24% - 25.24% (V), based on creditworthiness.
With excellent credit, you'll qualify for the best credit card offers on the market. Such cards offer everything from low interest rates and high credit limits to substantial rewards and perks. A $0 annual fee is a highly sought-after perk because it allows the cardholder to enjoy all of the card's rewards and benefits without having to pay for the privilege of owning the card every year.
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