1.American Express Rewards Credit Card
American Express
- No rewards breakdown available
N/A
Earn Membership Rewards points on all your purchases with the Amex Rewards Credit Card and redeem them with our partners, including Amazon, Boots and Currys.
29.4% Variable APR
The American Express Rewards Credit Card stands out as the top choice because it offers a permanent no annual fee structure while allowing cardholders to earn valuable Membership Rewards points on all purchases. This card is ideal for those who frequently shop with partners like Amazon and Boots, maximizing their rewards potential.
Pros:
- Permanently free
- Earns Membership Rewards points
Cons:
- High APR if not paid in full
- Limited redemption options compared to other cards
2.Amex Cashback Everyday Credit Card
American Express
- 5%Cashback on spending for the first 5 months (up to £2,500)
- 1%Cashback on spend over £10,000
- 0.5%Cashback on up to £10,000 annual spend
5% cashback on spending for the first 5 months, capped at £125.
The Amex Cashback Everyday Credit Card offers tiered cashback with a strong intro bonus: 5% on spending for the first 5 months (up to £2,500 spend), then 0.5% on up to £10,000 annual spend, and 1% on spend over £10,000.
29.4% Variable APR
What sets the Amex Cashback Everyday Credit Card apart is its impressive introductory cashback offer of 5% for the first five months, making it an excellent choice for those looking to maximize rewards on their initial spending. This card is particularly appealing for everyday purchases, providing a straightforward cashback structure without an annual fee.
Pros:
- No annual fee
- Strong introductory cashback offer
Cons:
- Lower ongoing rewards than fee-paying cards
- Requires minimum spend to earn cashback
- 0.5%Cashback on purchases (up to £10/month)
N/A
The Santander Everyday No Balance Transfer Fee Credit Card focuses on saving money on debt with a 0% intro period (typically 12-15 months) and no transfer fee, plus offers 0.5% cashback on purchases.
29.8% Variable APR
The standout feature of the Santander Everyday No Balance Transfer Fee Credit Card is its 0% interest on balance transfers for 12 months, making it an ideal option for those looking to manage existing debt without incurring additional costs. This card also offers cashback on purchases, providing a dual benefit for users.
Pros:
- 0% interest on balance transfers for 12 months
- No balance transfer fee
Cons:
- Monthly fee may apply
- Lower cashback compared to other cards
Final Words
As you evaluate your options for no annual fee credit cards this January, remember that the best choice aligns with your spending habits and financial goals. Take time to compare different cards, considering rewards, interest rates, and other features, to make an informed decision that enhances your financial journey.
Frequently Asked Questions
The American Express Rewards Credit Card allows you to earn Membership Rewards points on all your purchases, which can be redeemed with partners like Amazon, Boots, and Currys. Additionally, this card has no annual fee, making it a cost-effective option for earning rewards.
The Amex Cashback Everyday Credit Card offers a welcome bonus of 5% cashback on spending for the first 5 months, capped at £125. After that, you can earn 0.5% cashback on up to £10,000 annual spend, and 1% on spend over £10,000.
The Santander Everyday No Balance Transfer Fee Credit Card does not offer a welcome bonus. However, it provides 0.5% cashback on purchases, allowing you to earn rewards on your everyday spending.
When selecting a no annual fee credit card, consider the rewards structure, cashback rates, and any introductory offers. Also, evaluate your spending habits to choose a card that maximizes your rewards and ensures you can meet any spending requirements.
Many no annual fee credit cards may come with higher interest rates compared to those with an annual fee. It's essential to check the APR and ensure you can pay off your balance in full each month to avoid high interest charges.
To apply for a no annual fee credit card, visit the card issuer's website and complete an online application form. You'll need to provide personal information, financial details, and consent to a credit check, which will help determine your eligibility.
Common rewards for no annual fee credit cards include cashback on purchases, points that can be redeemed for travel, or discounts at various retailers. Each card may offer different reward structures, so it's important to compare options based on your spending preferences.
