The best travel credit card with no annual fee is the Capital One VentureOne Rewards Credit Card because it offers an initial bonus of 20,000 miles for spending $500 in the first 3 months. It also rewards cardholders with at least 1.25 miles / $1 spent on all purchases. VentureOne has a $0 foreign transaction fee in addition to its $0 annual fee.
If you aren’t planning to go anywhere too adventurous, consider the Discover it® Miles card. Discover’s not accepted in as many international locations as Visa or Mastercard, but its US acceptance is pretty good. The Discover it Miles card also has good rewards. It offers 1.5 miles per $1 on all purchases, doubled the first year.
10,000 miles bonus for spending $500 in the first 3 months. 2 miles / $1 spent at restaurants and on Delta purchases (1 mile / $1 on everything else). 20% statement credit on food, beverages and headsets purchased on Delta flights. 0% foreign transaction fees. You need good credit.
10,000 miles + $50 statement credit bonus after making $500 in purchases within the first 3 months. 2 miles / $1 spent on eligible American Airlines purchases. 3% foreign transaction fee. You need excellent credit.
Overall, there aren’t too many airline credit cards with no annual fee. Most travel rewards credit cards charge, but many also offer more than enough rewards to make up for it, as long as you regularly make purchases and pay your bill in full every month. So, you may want to waive your no-annual-fee rule if you spend at least $1,000 per month. That’s how much you have to shell out each of the first three months to get the Capital One Venture Rewards Credit Card’s 60,000 miles initial bonus, for example. And that alone covers years of annual fees, since this card’s annual fee is $95.
But if you don’t spend quite that much, the Capital One VentureOne or Discover it Miles is definitely the way to go. Keep in mind that Discover it has no foreign transaction fees, but it also has lower global acceptance than Visa or Mastercard.
Bank of America Travel Rewards is a good pick imo. 1.5 points on every dollar spent and a signup bonus: 20,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $200 statement credit toward travel purchases.
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