Yes, consumers may apply online for almost any type of credit card. Offers abound with free rewards, free balance transfers, no annual fees, and other promotions designed to enhance consumers’ credit card experiences while softening the impact credit cards can have on a family’s budget.
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Free credit cards can be divided into three categories, cards with no annual fees, cards with no interest at least for a period of time, i.e. a 0% introductory rate and credit cards that charge no interest at all!
Interest Free Credit Cards
Credit cards like the traditional American Express green card have always required cardholders to pay outstanding credit balances in full each month. While the majority of Americans maintain balances on their credit cards, a substantial number, 38%, pay off their credit cards each month according to PBS.
Today, American Express offers several premium interest free credit cards that offer exceptional rewards and have no set spending limits.
Among these are the Premier Rewards Gold Card and American Express Platinum cards, which offer 25,000 bonus points for spending just $2000 in the first three months.
Both cards feature the added benefits of gold or platinum card membership but AMEX does tend to charge high annual fees, $175 for the gold card (the first year fee is waived) and a $450 annual recurring fee for the added prestige of carrying American Express Platinum.
Zero Percent Introductory Rate Cards
The best deals for balance transfers come with the Citi Platinum Select and the Discover More credit cards. Citi offer 0% interest on balance transfers and purchases for a full 18 months. Discover offers 0% interest on balance transfers for 18 months but only extends the offer on purchases for the first six months of card ownership.
Credit Cards that are Free of Annual Fees
Citi Platinum Select and the Discover More credit cards once again take top honors as both of these premium cards come free of annual fees. Several other Citi cards also qualify as free. In addition, the Capital One Platinum Prestige and VentureOne Rewards cards carry no annual fees.
Other credit cards without annual fees include several from Chase Bank including Slate, Chase Freedom, and Chase Sapphire. All of these premium credit cards offer far more than zero annual fees or a 0% introductory APR!
Cash Rewards Credit Cards Offer Free Money
Many credit card companies will pay you just for using their card for your everyday purchases! Consumers who manage their credit accounts well will find that bonus points and rewards quickly add up. Many of these programs give cardholders cash back in exchange for accumulated points.
Cash back rewards may be used to buy merchandise or may even be used to pay your credit card bill. Other bonus programs allow cardholders to accumulate points that may be traded in for a variety of goods and services. Consumers may use points to buy luxury items in trendy on-line stores and boutique.
Points may be used for business travel or family vacations. Of course, let’s not forget that most Americans will earn credit card rewards for buying groceries, gasoline, and other day-to-day necessities.
According to Business Insider, many of the best reward cards also have no annual fees. The Costco AMEX credit card however does require a Costco membership. Their top three choices are discussed below.
Costco members stand to benefit the most with the Costco American Express True Earnings Card. Cardholders receive 2% cash back for travel and restaurants and 3% when the card is used for gasoline purchases..
At the end of the year, AMEX will issue your reward in coupon form, redeemable for cash or merchandise at any Costco.
The Discover Card has been a pioneer in cash rewards, being the first credit card to offer consumers a cash back incentive.
Today’s Discover card is better than ever featuring 5% rewards on rotating categories and 1% cash back on everything else.
With no annual fees, Discover has always been a value credit card. Occasionally, Discover will offer a life 0% APR for balance transfers which is definitely a bonus that could save hundreds or even thousands of dollars in interest charges over time.
Chase Freedom is another low cost, high rewards credit card. Freedom rewards cardholders earn 5% cash back on a different category of purchases each calendar quarter. A 1% cash back reward is available for all other purchases. Chase Bank customers earn even more points.
Locate offers for many other credit cards with the FREE credit card chaser tool.
- Discover More Card
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- Chase Freedom Credit Card
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- New Chase Freedom Balance Transfer Rate: 0% for up to 12 Months
- Credit Card Rewards: Great Credit Rewards of 2012
- American Express Centurion Bank American Express Platinum