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Travel The 8 best credit cards that have annual fees under $100

04:35  05 may  2021
04:35  05 may  2021 Source:   thepointsguy.com

Best premium credit cards

  Best premium credit cards Signing-up for credit cards with big bonuses is the easiest and fast way to earn lots of miles & points. “Premium” cards often come with the best bonuses, plus valuable perks, like the ability to earn transferable points, bonus spending categories, free checked bags, and more. But they usually charge an annual fee. Best premium […] The information for the Citi Prestige and the Hilton Aspire card has been collected independently by Million Mile Secrets and has not been reviewed by the card issuer.

When applying for a new card , it's really important to take the annual fee into consideration. While you usually get a lot of perks and can earn more rewards when you pay a big fee that extra cost doesn't always provide the best value for everyone. A May 2019 survey from Discover found that 66% of consumers And 54% of consumers actively considering switching credit cards stated the number one reason was to avoid paying an annual fee . Credit cards with annual fees under $ 100 can still offer competitive rewards, special financing and money-saving perks without the steep costs (upwards

Get 100 % U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score. INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! The annual fee of isn't terrible — but there are good secured cards available with no annual fee at all. Receive Your Card More Quickly with New Expedited Processing Option. No Credit History or Minimum Credit Score Required for Approval.

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Please note: the offers mentioned below are subject to change at any time and may not be available.

Editor’s note: This is a recurring post, regularly updated with new information and offers.

Annual fees are generally worth it when you can maximize a credit card’s benefits and earning structure. But, it’s understandable to be hesitant to add too many premium travel rewards cards with high annual fees to your wallet.

The credit card industry knows you may be wary of high annual fees. So, the industry as a whole has been intensifying its competition at price points just below $100 per year, with $95 emerging as the magic number. And some cards even have a waived annual fee during the first year.

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  The best credit cards that offer trip cancellation and interruption insurance Editor’s note: This is a recurring post, regularly updated with new information. No one expects their trip to be canceled or interrupted. But, things happen. Perhaps a family member is suddenly hospitalized. Or, maybe an emergency makes your home uninhabitable and you have to oversee repairs. You might even be the one that’s injured or hospitalized. …No one expects their trip to be canceled or interrupted. But, things happen. Perhaps a family member is suddenly hospitalized. Or, maybe an emergency makes your home uninhabitable and you have to oversee repairs. You might even be the one that’s injured or hospitalized.

Using a credit card with foreign transaction fees when you travel abroad can be a costly mistake. Imagine coming home from a lovely trip to seeing a huge bill — all because of a 3% foreign transaction fee added on top of your actual purchases. Luckily, virtually all of the top rewards credit cards no longer charge Our credit card editor takes those factors into account, and comes up with a rating to best reflect how the card performs in that criteria - relative to other products we've reviewed. It indicates an expandable section or menu, or sometimes previous / next navigation options. Annual Fee .

The best credit card is one that meets your short- and long-term financial needs. We compiled a list of the best credit cards for you to choose from. The World of Hyatt Credit Card is our best for hotels because it consistently offers the highest point redemption value of any hotel program we have analyzed, though the points tend to be more challenging to accumulate compared to other hotel programs. The World of Hyatt Credit Card also offers a competitive one-time bonus—a complimentary night at a category 1-4 Hyatt hotel on each cardmember anniversary—and a very high earning rate on

There are many no-annual-fee credit cards. But, today I’ll discuss some of the best credit cards that charge an annual fee of less than $100.

Get the latest points, miles and travel news by signing up for TPG’s free daily newsletter.

Best credit cards with annual fees under $100

  • Chase Sapphire Preferred Card: Best for earning Ultimate Rewards on travel and dining
  • Chase Ink Business Preferred Credit Card: Best for business spending
  • Capital One Venture Rewards Credit Card: Best for everyday non-bonus spending
  • Blue Cash Preferred® Card from American Express: Best for earning cash back at U.S. supermarkets and on select U.S. streaming
  • Capital One Savor Cash Rewards Credit Card: Best for dining and entertainment
  • Citi Premier® Card: Best for earning ThankYou Rewards points
  • Marriott Bonvoy Boundless Credit Card: Best for Marriott stays
  • The Amex EveryDay® Preferred Credit Card from American Express: Best for U.S. supermarkets and frequent spenders

The information for the Capital One Savor and Amex EveryDay Preferred has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

What cards with annual travel credits are still useful during the pandemic?

  What cards with annual travel credits are still useful during the pandemic? Editor’s note: This post has been updated with new information. Citi is a TPG advertising partner. Travel rewards credit cards entice new cardholders with flashy sign-up bonuses and waived annual fees during the first year. However, many of the premium rewards cards on the market also offer ongoing travel benefits. These perks include not only things …Travel rewards credit cards entice new cardholders with flashy sign-up bonuses and waived annual fees during the first year. However, many of the premium rewards cards on the market also offer ongoing travel benefits.

An annual $ 100 credit you can earn by using this card at partner hotel or resort properties, extra property perks, and automatic elite status within either the Hilton Honors or Marriott Bonvoy loyalty programs round out this remarkable hotel card . How Do Credit Cards Work? Credit cards allow you to make purchases without having to immediately pay for them with cash or money from your checking account. Essentially, you’re using the credit card company’s money, and then you pay it back. The credit card company (also called a credit card issuer) will send you a bill about once a month telling

Secured credit cards can be a good option for those with no credit who want a starter card from a major issuer. These cards require an upfront refundable deposit, usually equal to the card 's limit. That cash collateral is returned to you if the card is upgraded to an unsecured account or closed in good standing. No Annual Fee , earn cash back, and build your credit with responsible use. Using your secured credit card helps build a credit history with the three major credit bureaus. Generally, prepaid and debit cards can’t do that. Establish your credit line with your tax return by providing a refundable

In This Post

Comparison of the best credit cards with sub-$100 annual fees

Card Bonus Earning rates Annual fee
Chase Sapphire Preferred Card 80,000 bonus points after you spend $4,000 in the first 3 months from account opening. Plus, earn a $50 statement credit on grocery purchases in the first year of account opening. 5x on Lyft rides through March 2022

2x on travel and dining

1x on everything else
$95
Chase Ink Business Preferred Credit Card 100,000 bonus points after you spend $15,000 in the first 3 months of account opening. 3x on travel, shipping purchases, internet, cable, phone services and advertising purchases with social media sites and search engines (on up to $150,000 in combined purchases each account anniversary year) 1x on everything else $95
Capital One Venture Reward Credit Card 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months. 2x miles on every purchase $95
Blue Cash Preferred Card from American Express $300 statement credit after you spend $3,000 in purchases on your new card within the first 6 months. 6% at U.S. supermarkets (on up to $6,000 per calendar year in purchases, then 1%)

6% on select U.S. streaming subscriptions

What credit cards with annual travel credits are still useful during the pandemic?

  What credit cards with annual travel credits are still useful during the pandemic? Editor’s note: This post has been updated with new information. Citi is a TPG advertising partner. Travel rewards credit cards entice new cardholders with flashy sign-up bonuses and waived annual fees during the first year. However, many of the premium rewards cards on the market also offer ongoing travel benefits. These perks include not only things …Travel rewards credit cards entice new cardholders with flashy sign-up bonuses and waived annual fees during the first year. However, many of the premium rewards cards on the market also offer ongoing travel benefits.

No annual fee . Discover is accepted nationwide by 99% of the places that take credit cards . Receive up to $ 100 application fee credit for Global Entry or TSA Pre✓®. Redeem on travel—including flights, vacation rentals, car rentals and more. Plus transfer your miles to over 15+ travel loyalty programs.

Best travel card with an annual fee under $ 100 : Chase Sapphire Preferred® Card Best no- annual - fee Chase card : Chase Freedom Unlimited® Other top credit cards that just missed the cut

3% on transit and U.S. gas stations

1% on all other purchases
$95, waived the first year (see rates & fees)
Capital One Savor Cash Rewards Credit Card $300 cash bonus once you spend $3,000 on purchases within 3 months of account opening. 8% on tickets at Vivid Seats through January 2022

4% on dining and entertainment

2% at grocery stores

1% on all other purchases
$95
Citi Premier Card 60,000 bonus points after making $4,000 in purchases with your card within the first 3 months of account opening. 3x points per dollar at restaurants, supermarkets, gas stations, air travel and hotels 1x on all other purchases $95
Marriott Bonvoy Boundless Credit Card 100,000 bonus points after you spend $3,000 on purchases in the first 3 months from account opening. Up to 17x points at participating Marriott Bonvoy hotels 2x on everything else $95
The Amex EveryDay® Preferred Credit Card from American Express 15,000 points after you spend $1,000 within your first 3 months of account opening. 3x at U.S. supermarkets (on up to $6,000 per calendar year in purchases, then 1x)

2x at U.S. gas stations

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1x on all other purchases
$95

Chase Sapphire Preferred

(Photo by John Gribben/The Points Guy) © Provided by The Points Guy (Photo by John Gribben/The Points Guy)

Annual fee: $95

Current sign-up bonus: 80,000 bonus points after you spend $4,000 in the first three months from account opening. Plus, earn a $50 statement credit on grocery purchases in the first year of account opening.

Why it’s worth it: You could argue that this is the card that ignited the sub-$100 market segment when it started offering 2x on dining and travel. The Chase Sapphire Preferred consistently makes any list of best travel credit cards, which is no surprise because you can get great value out of Chase Ultimate Rewards points by transferring to Chase’s airline or hotel partners.

The Chase Sapphire Preferred Card also gives you 1.25 cents per point in value when you redeem for travel in the Ultimate Rewards portal. There are no foreign transaction fees. Plus, through March 2022, you’ll earn 5x Ultimate Rewards points on Lyft. And you can get a complimentary DashPass subscription from DoorDash for a minimum of one year when you activate by Dec. 31, 2021.

For more information, see the Chase Sapphire Preferred Card review. And, before applying, check out what credit score is needed to get the Chase Sapphire Preferred Card and why the Chase Sapphire Preferred still has a top spot in my wallet.

Trump and Melania make their debuts in the National Portrait Gallery

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Official application link: Chase Sapphire Preferred Card

Ink Business Preferred Credit Card

arrow: (Photo by Wyatt Smith/The Points Guy) © Provided by The Points Guy (Photo by Wyatt Smith/The Points Guy)

Annual fee: $95

Current sign-up bonus: 100,000 bonus points after you spend $15,000 on purchases in the first three months of account opening.

Why it’s worth it: The Chase Ink Business Preferred Credit Card is one of the best small-business cards on the market. It offers you 3x Ultimate Rewards points on up to $150,000 spent each account anniversary year in combined purchases on travel, shipping purchases, internet, cable and phone services, and on advertising purchases made with social media sites and search engines. You earn one point per dollar spent elsewhere.

Like the Chase Sapphire Preferred, you can transfer rewards to airline and hotel programs and receive 1.25 cents per point when redeeming your points for travel in the Ultimate Rewards portal. This card comes with plenty of travel insurance and purchase protections, including a cellphone protection plan. There are no foreign transaction fees.

For more information, check out the full Chase Ink Business Preferred Credit Card review. And, take a look at five reasons to get the Chase Ink Business Preferred credit card.

Official application link: Ink Business Preferred Credit Card

Capital One Venture Rewards Credit Card

(Photo by Wyatt Smith / The Points Guy) © The Points Guy (Photo by Wyatt Smith / The Points Guy)

Annual fee: $95

Current sign-up bonus: Earn 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first three months.

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Why it’s worth it: The Capital One Venture Rewards Credit Card is an excellent card for casual travelers and those looking for a card that will earn consistently on everyday purchases. After all, you’ll earn 2x miles on every purchase.

There are plenty of ways to use your Capital One miles for maximum value. While you can redeem your miles by transferring to airline and hotel partners, you can also redeem at a fixed value for eligible purchases — including some travel expenses that generally wouldn’t be covered by rewards, such as Blade helicopter rides. Best of all, Capital One recently added a new 1:1 transfer tier and additional travel partners. These changes make the Capital One Venture more competitive.

For more information, see the full Capital One Venture Rewards Credit Card review. And before you apply, check out five ways Capital One Venture is winning the credit card game, five reasons to apply for the Capital One Venture Card right now and seven types of purchases you should make with your Capital One Venture card.

Official application link: Capital One Venture Rewards Credit Card

Blue Cash Preferred Credit Card

a close up of a card: (Photo by The Points Guy) © Provided by The Points Guy (Photo by The Points Guy)

Annual fee: $0 introductory annual fee for one year, then $95 (see rates and fees).

Current welcome offer: $300 statement credit after you spend $3,000 in purchases on your new card within the first six months.

Why it’s worth it: The Blue Cash Preferred is one of the best cash-back cards out there. You’ll earn 6% on select U.S. streaming services and on the first $6,000 spent at U.S. supermarkets per calendar year (then 1%). You’ll also earn 3% on U.S. gas stations and transit and 1% on everything else.

A 6% return is great for a card with such a low annual fee. And, the Blue Cash Preferred is particularly appealing now since the annual fee is waived in the first year as part of the current new card member welcome bonus.

Southwest Companion Pass: Earn with credit cards

  Southwest Companion Pass: Earn with credit cards Start earning the coveted Southwest Companion Pass by using these Southwest credit card offers, and fly with a friend or family member for free through the end of 2022.The coveted Southwest Companion Pass is an elite travel benefit that's almost too good to be true. This pass allows another passenger to fly with you for free (plus taxes) an unlimited number of times for the rest of the year it's earned, plus the entire following year.

To learn more, check out the full Blue Cash Preferred Credit Card review. And, before applying, read nine lesser-known benefits of the Amex Blue Cash Preferred Card and who should (and who shouldn’t) get the Amex Blue Cash Preferred card.

Official application link: Blue Cash Preferred Credit Card

Capital One Savor Cash Rewards Credit Card

shape, background pattern: (Photo by John Gribben/The Points Guy) © Provided by The Points Guy (Photo by John Gribben/The Points Guy)

Annual fee: $95

Current sign-up bonus: Earn a one-time $300 cash bonus once you spend $3,000 on purchases within three months from account opening.

Why it’s worth it: The Capital One Savor Cash Rewards Credit Card is a cash-back credit card. Specifically, you’ll earn 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. However, if you also have the Capital One Venture Card, you can now convert your cash back earnings to miles. So, you could earn 4x miles on dining and entertainment and 2x miles at grocery stores if you have both the Capital One Savor and the Capital One Venture.

To learn more, see the full Capital One Savor Cash Rewards Credit Card review. And, check out our card comparisons for Capital One Venture vs. Capital One Savor and Capital One Savor vs. Capital One Quicksilver Cash Rewards Credit Card.

Related: Best ways to use the cash back from your credit card

Citi Premier Card

a bunch of items that are sitting on a table: (Photo by Eric Helgas/The Points Guy) © Provided by The Points Guy (Photo by Eric Helgas/The Points Guy)

Annual fee: $95

Current sign-up bonus: 60,000 bonus points after you spend $4,000 with the card within the first three months of account opening.

Why it’s worth it: The Citi Premier Card offers 3x points on air travel, hotels, gas stations, supermarkets and restaurants. Cardholders also receive a once-per-calendar-year perk: a $100 credit on any single hotel stay costing $500 or more, excluding taxes and fees, when booked through the Citi ThankYou travel portal.

There are various ways to redeem Citi ThankYou Points for maximum value. But, the best option is usually to transfer your Citi ThankYou Rewards points to Citi ThankYou transfer partners. As with many of its competitors, there are no foreign transaction fees.

To learn more, read the full Citi Premier Card review. You can also check out four reasons the Citi Premier Card should be on your shortlist and one reader’s argument that Citi ThankYou Rewards is the most underappreciated and misunderstood program.

Official application link: Citi Premier Card

Marriott Bonvoy Boundless Credit Card

(Photo by John Gribben/The Points Guy) © Provided by The Points Guy (Photo by John Gribben/The Points Guy)

Annual fee: $95

Current sign-up bonus: 100,000 bonus points after you spend $3,000 on purchases in the first three months from account opening.

Why it’s worth it: The Marriott Bonvoy Boundless Credit Card comes with automatic Silver Elite status, 15 elite-qualifying nights each year and a free-night certificate on each account anniversary that’s valid at any Marriott property costing 35,000 points or less. You’ll earn up to 17x Bonvoy points per $1 spent at over 7,000 participating Marriott Bonvoy hotels and 2x points spent everywhere else. Marriott Bonvoy points are easy to redeem for both hotel awards and transfers to airline partners.

To learn more, see the full Marriott Bonvoy Boundless Credit Card review. You can also read about why you need both a personal and business Marriott Bonvoy credit card and what credit score you need to get the Marriott Bonvoy Boundless credit card.

Official application link: Marriott Bonvoy Boundless Credit Card

Amex EveryDay Preferred Credit Card

a person sitting at a table with wine glasses: (Photo by The Points Guy) © Provided by The Points Guy (Photo by The Points Guy)

Annual fee: $95

Current welcome offer: 15,000 Membership Rewards points after you spend $1,000 in your first three months.

Why it’s worth it: The Amex EveryDay Preferred Credit Card from American Express earns 3x Membership Rewards points at U.S. supermarkets (on up to $6,000 spent annually; then 1x); 2x points at U.S. gas stations and 1x points on everything else. Those bonus categories are already respectable, but if you make at least 30 transactions during your monthly billing cycle, you get a 50% points bonus, which allows you to earn 4.5x, 3x and 1.5x, respectively.

There are several ways to redeem American Express Membership Rewards for maximum value. But, the best use of Amex Membership Rewards points is usually to transfer to select airline programs and hotel programs. The card has a $95 annual fee and Amex imposes a 2.7% foreign transaction fee.

For more information, see the full Amex EveryDay Preferred Credit Card review. And, check out Amex EveryDay Preferred vs. Amex Blue Cash Preferred and Chase Sapphire Preferred vs. Amex EveryDay Preferred.

Related: The best ways to earn a 50% point bonus on the Amex EveryDay Preferred card

Are credit card annual fees worth it?

Without a doubt, it is essential to evaluate whether a credit card with an annual fee makes sense. Many credit cards — including those on this list — have an annual fee. But, the money-saving perks and associated value often offsets what you have to pay each year. After all, each of these cards has a welcome offer or sign-up bonus that helps offset the cost. And all of these cards earn points or cash back.

For instance, although the Chase Sapphire Preferred has a $95 annual fee, you’ll earn 80,000 Ultimate Rewards points after spending $4,000 in the first three months. Those 80,000 points can be redeemed for travel directly with Chase at a value of $1,000. Or you can transfer them to one of Chase’s travel partners like United Airlines, Hyatt and more.

Then, let’s say you spend $5,000 on the card throughout the rest of the year. Of that $5,000, half is spent on dining and travel, while the rest is on non-bonus spending. Since dining and travel earn 2x Ultimate Rewards points and the rest earn 1x points, you’d earn another 7,500 points in total. If you were to use those 7,500 points on the Chase travel portal again, the value is about $94, essentially the cost of the Chase Sapphire Preferred annual fee. And, these assumptions don’t include the potential value of transferring points to Chase’s airline and hotel travel partners. After all, TPG values Chase Ultimate Rewards at 2 cents per point.

Related: Why you’ll want to pay the $95 annual fee on the Chase Sapphire Preferred

Bottom line

Although this isn’t a comprehensive list of all the credit cards with a low annual fee, these are our favorites and some of the best on the market. By picking up one of these cards and maximizing its respective bonus categories (and welcome offer), you’ll be well on your way toward your next travel adventure. Sometimes, it pays to have a card with a small annual fee, whether you’re moving up from a no-annual-fee card or pairing it with a premium travel rewards card.

For rates and fees of the Blue Cash Preferred, please click here.

Additional reporting by Katie Genter

Feature photo by JGI/Jamie Grill/Getty Images.

Editorial Disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Southwest Companion Pass: Earn with credit cards .
Start earning the coveted Southwest Companion Pass by using these Southwest credit card offers, and fly with a friend or family member for free through the end of 2022.The coveted Southwest Companion Pass is an elite travel benefit that's almost too good to be true. This pass allows another passenger to fly with you for free (plus taxes) an unlimited number of times for the rest of the year it's earned, plus the entire following year.

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