Bogdan Roberts, Credit Cards Moderator
@bogdan_roberts
The Wells Fargo Active Cash® Card is one of the best credit cards for excellent credit with no annual fee because it offers 2% cash rewards on all purchases. Cardholders can also earn $200 cash rewards after spending $500 in the first 3 months and enjoy an intro APR of 0% for 15 months from account opening. Just keep in mind, the card has a regular APR of 19.99% - 29.99% Variable and a balance transfer fee of 3% intro for 120 days, then up to 5% (min $5).
While the Wells Fargo Active Cash 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 no annual fee cards on the market will only require good credit or better.
Best Credit Cards for Excellent Credit with No Annual Fee
Initial Bonus: $200 cash rewards after spending $500 in the first 3 months
Ongoing Rewards: 2% cash rewards on all purchases
Intro APR: 0% for 15 months from account opening on purchases and qualifying balance transfers
Regular APR: 19.99% - 29.99% Variable
Balance Transfer Fee: 3% intro for 120 days, then up to 5% (min $5)
Annual Fee: $0
Ongoing Rewards: 2.5% cash back on the first $10,000 per month (with qualifications met) and 1.5% otherwise
Regular APR: 16.99% - 26.99% (V)
Annual Fee: $0
Ongoing Rewards: 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)
Intro APR: 0% for 15 months on purchases and balance transfers
Regular APR: 19.99% - 28.74% (V)
Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after)
Annual Fee: $0
Initial Bonus: 10,000 points after spending $1,000 in the first 90 days
Ongoing Rewards: 2 points per $1 spent on all purchases
Intro APR: 0% for 15 months on balance transfers
Regular APR: 19.74% - 29.74% (V)
Balance Transfer Fee: 3% (min $5)
Annual Fee: $0
Ongoing Rewards: 1% cash back on all purchases
Intro APR: 0% for 21 months on purchases and balance transfers
Regular APR: 15.99% - 26.99% (V)
Balance Transfer Fee: 4% (min $5)
Annual Fee: $0
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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