Looking for a credit card that offers airline miles without charging a yearly fee? You've come to the right place! In this article, we'll explore the best credit cards for earning miles without an annual fee. Perfect for those who love to travel but want to keep their wallet happy. So, buckle up and prepare for take-off as we guide you through the top options available.
Best Credit Cards For Miles No Annual Fee Table of Contents
The Best No Annual Fee Credit Cards for Miles
When it comes to earning travel rewards, a no annual fee credit card can be a great choice. Not only do you get to earn miles for your travels, but you also save money on those pesky yearly fees. Here's a breakdown of the best options available:
1. Discover it® Miles
- Unlimited 1.5x miles on every purchase
- Match all the miles you've earned at the end of your first year (for new cardholders)
- No blackout dates – fly any airline, any time
- Redeem miles for travel expenses or cash back
- No foreign transaction fees
2. Capital One VentureOne Rewards Credit Card
- 1.25x miles per dollar on every purchase
- Earn 20,000 bonus miles after spending $500 within the first 3 months
- 0% intro APR for 12 months on purchases (variable APR after that)
- No blackout dates or airline restrictions
- No foreign transaction fees
3. Bank of America® Travel Rewards Credit Card
- 1.5 points per dollar on every purchase
- 25,000 bonus points after spending $1,000 within the first 90 days (worth $250 in travel expenses)
- 0% intro APR for 12 billing cycles on purchases (variable APR after that)
- No foreign transaction fees
4. Wells Fargo Propel American Express® Card
- 3x points on travel, dining, gas stations, and select streaming services
- 1x points on other purchases
- 20,000 bonus points after spending $1,000 within the first 3 months (worth $200 in travel expenses)
- 0% intro APR for 12 months on purchases and balance transfers (variable APR after that)
- No foreign transaction fees
How to Choose the Right Card for You
When selecting the perfect no annual fee credit card for miles, keep the following factors in mind:
Earning Potential
Think about how much you typically spend each month and consider which card's rewards structure will provide you with the most miles.
Sign-Up Bonus
Some cards offer sign-up bonuses that can boost your miles balance quickly. Check the spending requirements carefully to ensure you can realistically meet them.
Redemption Options
Consider the flexibility you have when redeeming miles. Some cards allow you to use miles for other travel expenses, while others may restrict you to specific airlines.
Additional Perks
Look beyond just the miles earned and consider any additional benefits the card offers, such as purchase protection or no foreign transaction fees.
Best Credit Cards For Miles No Annual Fee Example:
Imagine you're a frequent traveler who spends about $1,500 a month on your credit card. You're considering the Discover it® Miles and the Capital One VentureOne Rewards Credit Card. By comparing the earning potential of each, you find that the Discover it® Miles would earn you 27,000 miles a year (1.5 x 18,000) while the VentureOne card would earn you 22,500 miles (1.25 x 18,000). Plus, the Discover it® Miles card matches your miles in the first year, effectively doubling your earnings. Taking into account the sign-up bonuses and redemption options, you decide that the Discover it® Miles card best suits your needs.
Now that we've explored the best no annual fee credit cards for miles, it's time to start planning your next adventure! By choosing the right card for your spending habits, you'll maximize your miles and save money without paying an annual fee. So, go ahead and share this article with your fellow travel enthusiasts, and let Flik Eco guide you towards more money-saving tips and personal finance advice.
