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No Annual Fee Credit Cards

Today, it is imperative that we carry a credit card. So many transactions are much easier to be paid by credit card, i.e. Internet, catalogues, telephone, etc. So, it becomes important that you shop for the best credit card deals available, and believe me, they vary greatly. The first filter in shopping for a great credit card is to get one with no annual fee. This means that the credit card provider does not charge an additional user fee annually simply for the privilege of using their card. In my opinion, this fee is a rip off, and the credit card banks make plenty of money without charging such a fee. Be careful, because some credit cards will charge a higher annual percentage rate (APR) if they don’t charge an annual fee. But, if you pay your credit card off in full each month, the higher APR becomes irrelevant.

In general, at MyCreditCard.com, we believe the best cards are those that don’t charge an annual fee, and have great reward programs. We have plenty of these types of credit cards to offer. The best, in my opinion, is the cash back reward credit cards that don’t charge an annual fee. It is imperative to really use these cards only to the extent you can afford, which means, don’t carry a balance. The interest is very expensive, and not tax deductible as it is deemed to be consumer interest.

We have some of the best no annual fee credit cards available. We monitor these closely on a daily basis. Some also offer low introductory or promotional purchase rates resulting in significant interest savings for some period of time. In almost every case, there is no justification to get a credit card with an annual fee. The credit card banks are making PLENTY of money with interest rates and late fees, and the competitive nature of today’s credit card market really makes available to consumers some great credit card deals.

Obviously, the better your credit, the better credit card deals you will qualify for. It’s imperative you keep your credit clean, and pay your credit card bill in full monthly. This will get you the best credit card deals available.

In summary, there are three essential ingredients that make a credit card good. They are:

1. Credit cards with no annual fees – see our great selection of no annual fee offers here.
2. Credit cards with relatively low annual percentage interest rates – see those offers here.
3. Credit cards with great reward programs – see great rewards card offers here.

At MyCreditCard.com, we work very hard to try and provide you with credit cards that have all three of these ingredients.

By Woody Alpern
CPA / Registered Investment Advisor