One-third of Chase credit cards have no annual fee. Some offer sign-up bonuses, worth up to $500, and points, miles or cash back on every purchase. Others have 0% introductory APRs. The vast majority of the no annual fee Chase credit cards require good credit or excellent credit for approval.
The best Chase credit card with no annual fee is Chase Freedom Flex℠ because it offers a $200 bonus for spending $500 in the first 3 months and 5% back on the first $1,500 spent per quarter in rotating categories. Another top contender is Chase Freedom Unlimited® ($200 bonus and 1.5 - 5% cash back on purchases).
Here are the Chase credit cards with no annual fee:
A Chase credit card with no annual fee will save you money in the long run, as you’re not paying to use the card every year. But that shouldn’t deter you from applying for a Chase card that charges an annual fee. If you travel regularly or plan to make a big purchase, you may end up earning enough rewards where the annual fee will pay for itself.
For example, if you earn the 60,000 points initial bonus with Chase Sapphire Preferred® Card, those points are worth either a $600 statement credit or $750 in travel rewards. That pays for the card’s $95 annual fee for about 5 years.
You do not get charged extra if you don’t use your credit card. But if the card has an annual fee or any other regularly-occurring fees, those will be charged to your account even if you don’t use your credit card to make purchases. You cannot be charged an inactivity fee… read full answer, however, because the Federal Reserve Board banned inactivity fees in 2010. And as long as your balance is $0, you won’t be charged interest.
Although you do not get charged extra if you don’t use your credit card, the card’s issuer could close the account due to inactivity after a certain number of months. Each card issuer will have a different policy on closing inactive credit cards – some will close inactive cards after 3 months, and others wait 2 years or more. So if you want to keep your credit card account open, be sure to use your card at least once every 3 months or so.
Credit cards with annual fees are worth it when they save you more than they cost you, especially if your savings exceed what the best no annual fee credit cards available to you would provide. Paying an annual fee on a credit card can unlock bigger initial rewards bonuses, higher ongoing earning rates, and a variety of additional benefits – airport lounge access or credits for travel expenses, for example. But you need to make sure you get your money’s worth and actually use the perks you’re paying extra for.… read full answer
When paying annual fees on a credit card is worth it:
When you can spend enough on the card to earn rewards worth more than the annual fee. Rewards can come as cash back, points, or miles, and if you spend enough to earn lots of them, the rewards alone can pay for your annual fee. If your card gives 1.5% back on purchases and the annual fee is $95, for instance, you’ll have to spend about $6,350 annually to break even with ongoing rewards alone.
When the perks your card offers are things you’re going to buy and use anyway. Annual travel credits, airport lounge memberships, TSA Pre-Check application credits, and free hotel nights are a few high-value perks offered by some credit cards. If you were planning to spend money on these things anyway, the annual fee on a credit card might start to seem like a deal.
When it would save you more than the best card with no annual fee. If you crunch the numbers and determine that a card with an annual fee would save you the most money at the end of the day, even considering the fixed yearly cost, then go for it. Just make sure to reevaluate if your spending or payment plans change.
To figure out if a credit card’s annual fee is going to be worth paying, consider how much you spend – overall and in the card’s major rewards categories. Then calculate how much you would earn with each card’s rewards structure. And evaluate the practical value of the card’s other perks – it’s good to be realistic about how often you’ll use them. Finally, subtract the annual fee. The remainder is how much the card could save you, assuming you pay the bill in full every month and avoid finance charges.
Chase credit card annual fees are $0 for nine of its cards, including the Chase Freedom, Freedom Unlimited, and Slate cards. From there, annual fees start at $49 for the Disney Premier and Starbucks Rewards cards, up to $450 for the Sapphire Reserve and the United Explorer Mileage Plus cards. The Sapphire Reserve and the MileagePlus Explorer business card do not charge an annual fee for the first year, but after that, there is a $95 annual fee.… read full answer
Chase applies an annual fee to some of its credit cards to help cover the cost of the card’s benefits and rewards. The Sapphire Preferred and Reserve cards are among the best travel rewards cards on the market. There’s also a host of co-branded airline and hotel rewards cards that offer an array of perks and rewards, so you should plan to pay an annual fee if you should decide to use any of these cards.
Here are the Chase credit card annual fees:
Chase Freedom: $0 annual fee.
Chase Freedom Unlimited: $0 annual fee.
Chase Slate: $0 annual fee.
United TravelBank: $0 annual fee.
Disney Visa: $0 annual fee.
Amazon Rewards Visa Signature: $0 annual fee.
AARP Credit Card: $0 annual fee.
Ink Business Unlimited: $0 annual fee.
Ink Business Cash: $0 annual fee.
Chase Sapphire Preferred: $0 annual fee for the first year, $95 after.
United Explorer: $0 annual fee for the first year, $95 after.
United Explorer Business card: $0 annual fee for the first year, $95 after.
Disney Premier: $49 annual fee.
Starbucks Rewards Visa: $49 annual fee.
Southwest Rapid Rewards Plus: $69 annual fee.
IHG Rewards Club Premier: $89 annual fee.
British Airways Visa Signature: $95 annual fee.
Ink Business Preferred: $95 annual fee.
World of Hyatt card: $95 annual fee.
Marriott Rewards Premier Plus: $99 annual fee.
Southwest Rapid Rewards Premier: $99 annual fee.
Southwest Rapid Rewards Premier Business card: $99 annual fee.
Whether a Chase credit card with an annual fee is worth it depends on your lifestyle, your spending habits, and rewards and travel preferences. If you’re a frequent traveler and loyal to a particular airline or hotel chain, the annual fee will more than pay for itself. If you don’t travel much, or don’t anticipate making any big purchases over the course of a year, stick with a Chase credit card with no annual fee such as the Freedom or Freedom Unlimited, or the Ink Business Cash and Unlimited cards.
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