Are there any elite credit cards with no annual fee?

Yes, there are several elite credit cards with no annual fee, the best of which is the Capital One VentureOne Rewards Credit Card. This card requires a minimum of good credit for approval and offers perks such as 1.25 - 5 miles per $1 spent on purchases and an initial bonus of 20,000 miles for spending $500 in the first 3 months of account opening.

Here are some of the best elite credit cards with no annual fee:

The Capital One VentureOne is an elite $0 annual fee credit card due to its ample rewards. It gives 20,000 miles for spending $500 in the first 3 months. Plus, you get 5 miles per $1 spent on hotels and rental cars booked through Capital One Travel, and 1.25 miles per $1 on all other purchases. Capital One VentureOne comes with intro APRs of 0% for 15 months on purchases and balance transfers. Its regular APR is 19.24% - 29.24% (V) and the balance transfer fee is 3%. Good credit is required.

The Citi Double Cash Card is an elite $0 annual fee credit card because it gives one of the highest cash back rates on the market for all purchases: 2% cash back when you pay at least the minimum due on time. And there’s a 0% for 18 months intro APR for balance transfers. There is a 3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer. This card’s regular APR is 18.24% - 28.24% (V). Good credit is required.

The U.S. Bank Platinum is elite because of its very long 0% intro APR period. You get a 0% APR on purchases and balance transfers for 18 billing cycles. The card’s regular APR is 18.74% - 28.74% (V). Transfers must be requested in the first 60 days to get the 0% rate, and there’s a 3% (min $5) transfer fee. You also get free cell phone protection. Good credit is required.

The Amex EveryDay card is elite because of its 0% intro APR for 15 months on purchases. Amex EveryDay’s regular APR is 17.24% - 28.24% (V). You can earn 2 points per $1 spent on travel booked through amextravel.com and at supermarkets (up to $6,000 per year), and 1 point per $1 spent on all other purchases. Using your card 20 times in a month earns you 20% more points. There’s also a welcome bonus of 10,000 points after spending $2,000 in the first 6 months. Good credit is required.

The Ink Cash is an elite $0 annual fee card because it has a lot of bonus categories. You get 1 - 5% cash back, depending on the type of purchase. You can also get an initial bonus of $900 for spending $6,000 in the first 3 months. There’s a 12 months intro APR on purchases. This card’s regular APR is 17.49% - 23.49% (V). You get employee cards at no cost. Good credit is required.

At the end of the day, elite and no annual fee are not always synonymous when it comes to credit cards. Cards with annual fees tend to offer more rewards and benefits. Generally, the higher the annual fee, the more rewards you get. Some of the most elite credit cards with fees include the Capital One Venture Rewards Credit Card and the Chase Sapphire Preferred® Card.