Credit Card Reward Program

One way that credit card companies make money off of their cardholders is by charging an annual fee. It is charged directly to the credit card each year to every cardholder, just for being a member and having an open account with the company. Annual fees can range anywhere from $20 to over $200, depending on the credit card company. Although being a cardholder can offer many great benefits, having to pay an annual fee is like throwing money away. There are many no annual fee Visa credit cards currently on the market, and they offer many of the same benefits that cards with annual fees have.

One of the most popular no annual fee visa credit cards currently on the market is the Capital One No Hassle Points Rewards card. It is the ultimate no annual fee reward credit card. It is ideal for those with good to excellent credit, and even offers an introductory 0% APR for almost a year. With a credit limit of up to $15,000 and a rewards program that offers points for every purchase made, being a cardholder really is a privilege.

The Chase Platinum Visa card also offers annual fee free access, along with free account access and 12 months of 0% APR. Free travel services are also offered on this card, including worldwide travel accident insurance and Auto Rental Collision Damage waivers. Although no rewards program is offered on this card, it can be carried even by those with less than perfect credit.

When applying for a no annual fee visa card, there are always a few factors that you need to look for when applying. Because credit card companies make money off of their customers through fees and other charges, they all need to be taken into consideration. A no annual fee Visa credit card is worthless if interest rates are through the roof, so in some cases having an annual fee may be better than paying more in the long run.

Additional fees such as late payment fees or cash withdrawal fees need to also be considered, especially for those who plan on using their no annual fee visa credit card to get cash from ATMs. In some cases, the annual fee may be less than other fees charged by the credit card company, so compare before applying.

A no annual fee Visa credit card can be your best friend, as long as you apply for the best card to suit you. A no annual fee Visa with a low APR, reasonable fees for cash withdrawals, and a rewards program, if desired, can help you purchase items that you may not be able to afford right away.  As long as you compare different cards, take every factor into consideration, and find a no fee Visa that fits your needs, having a no annual fee visa credit card can be your dream come true.

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