Are you a millennial who loves traveling and looking for a credit card that offers amazing travel rewards with no annual fee? Well, you're in the right place! Today, we at Flik Eco will reveal our top picks for the best credit cards that offer outstanding travel rewards without charging a single penny for an annual fee. Let's dive in and explore these phenomenal options that can make your dream trip even more affordable and rewarding!
Best Credit Cards For Travel Rewards No Annual Fee Table of Contents
1. Discover it® Miles
Discover it® Miles is an ideal travel card for people who want to earn points without paying an annual fee. This card offers:
- 1.5x Miles for every dollar spent on purchases.
- An unlimited match of all the miles earned during the first year for new cardmembers.
- The flexibility to redeem miles for travel purchases or as cash back in any amount.
- No foreign transaction fees.
Who Should Get This Card?
Discover it® Miles is best for occasional travelers who want a card that provides no annual fee and hassle-free rewards without worrying about categories or spending caps.
2. Chase Freedom Unlimited®
Chase Freedom Unlimited® is another excellent no-annual-fee card for travelers who seek valuable rewards. Some of the benefits include:
- 5% cashback on travel purchased through the Chase Ultimate Rewards program.
- 3% cashback on dining and drugstore purchases.
- 1.5% cashback on all other purchases.
- A $200 cashback bonus after spending $500 within the first three months.
Who Should Get This Card?
Chase Freedom Unlimited® is perfect for those who want a versatile rewards card that provides cashback for various purchase categories, including travel.
3. Capital One VentureOne Rewards Credit Card
The Capital One VentureOne Rewards Card is another excellent travel rewards card with no annual fee. Its features include:
- 1.25x miles for every dollar spent on purchases.
- A one-time bonus of 20,000 miles after spending $500 within the first three months.
- No foreign transaction fees.
- Transfer miles to over 10 leading travel loyalty programs.
Who Should Get This Card?
The Capital One VentureOne Rewards Card is best suited for people who want a no-frills travel rewards card with the additional option to transfer miles to partner travel loyalty programs.
4. Bank of America® Travel Rewards Credit Card
Bank of America® Travel Rewards Credit Card is a good choice for travelers who value simplicity and no annual fee. The card offers:
- 1.5x points for every dollar spent on purchases.
- A signup bonus of 25,000 points after spending $1,000 within the first 90 days.
- No foreign transaction fees.
- Redeem points for travel purchases with no blackout dates or restrictions.
Who Should Get This Card?
This card is an ideal option for Bank of America customers who appreciate a simple rewards structure and want to apply their points directly for travel expenses.
Best Credit Cards For Travel Rewards No Annual Fee Example:
Imagine you're a millennial who enjoys traveling and dining out frequently. You decide to get the Chase Freedom Unlimited® card because it offers valuable travel rewards with no annual fee. You spend around $1,000 on travel purchases through the Chase Ultimate Rewards program, $2,000 on dining and drugstore purchases, and $3,000 on other expenses in a year.
This means you earn 50 cashback points on travel (1,000 x 5%), 60 cashback points on dining and drugstores (2,000 x 3%), and 45 cashback points on other purchases (3,000 x 1.5%). In total, you accumulate 155 cashback points, which translate to $155 in rewards that you can use for your travel adventures.
Finding the perfect travel rewards credit card with no annual fee can be a game-changer for millennials who wanderlust on a budget. With the cards we've explored, you can earn substantial travel rewards, cash back, and more without having to shell out extra money for an annual fee.
Now that you know the top travel rewards cards with no annual fee make sure to share this article with your fellow millennial travelers! And don't forget to check out other fantastic guides on Flik Eco to help you master personal finance and elevate your money management game. Happy travels!
