Do you love to travel but dread the thought of hurting your wallet with hefty credit card fees? Worry no more; Flik Eco is here to help! In this comprehensive guide, we'll explore the best credit cards for travel with no annual fee, so you can enjoy your adventures without breaking the bank.
Best Credit Cards For Travel With No Annual Fee Table of Contents
Why a No Annual Fee Travel Credit Card?
No annual fee travel credit cards make perfect financial sense for many millennials who are just beginning their journey in the realm of personal finance and saving. By avoiding unnecessary fees, you can allocate more funds towards your actual traveling. With that in mind, let's dive into some of the best travel credit cards with no annual fees currently available:
- Chase Freedom Unlimited
Pros:
- No annual fee
- 1.5% cashback on all purchases
- Sign-up bonus: Earn a $200 bonus after spending $500 in the first three months
Cons:
- Foreign transaction fee of 3%
- No specific travel rewards
- Bank of America Travel Rewards Credit Card
Pros:
- No annual fee
- Unlimited 1.5 points per $1 on all purchases
- 0% foreign transaction fees
- Sign-up bonus: Earn 25,000 bonus points after spending $1,000 in the first 90 days
Cons:
- Lower point value compared to other cards (1 point = 1 cent)
- Redeem points only for travel-related expenses
- Capital One Quicksilver Cash Rewards Credit Card
Pros:
- No annual fee
- 1.5% cashback on all purchases
- 0% foreign transaction fees
- Sign-up bonus: $200 cash bonus after spending $500 on purchases within the first three months
Cons:
- No specific travel rewards
- Discover it Miles
Pros:
- No annual fee
- Unlimited 1.5 miles per $1 on all purchases
- 0% foreign transaction fees
- Discover matches all miles earned in the first year
Cons:
- Less widely accepted overseas
Best Credit Cards For Travel With No Annual Fee Example:
Suppose you're planning a two-week vacation to Europe and you're using a Bank of America Travel Rewards Credit Card to pay for your expenses. You'll earn unlimited 1.5 points per $1 on all purchases (flights, hotels, meals, etc.). When you reach the 25,000-point mark after spending $1,000 within 90 days, you can redeem your points as a statement credit to offset your travel-related expenses. Plus, you won't have to worry about foreign transaction fees, making it a great card for international travel.
So there you have it – a list of the best credit cards for travel with no annual fee. Keep in mind that the ideal credit card for you will depend on your personal preferences and spending habits. Before applying for a travel credit card, check if the rewards and benefits outweigh the costs and if it aligns with your travel goals. Feel free to explore other guides on Flik Eco to learn more about personal finance and investing tips for millennials. Don't forget to share this article with friends and family who may also be looking for the perfect travel credit card without annual fees!
