Best Credit Cards 2020 No Annual Fee | Best Credit Cards 2020

We analyze the best credit cards 2020 no annual fee, indicating their characteristics, advantages, APR and other aspects that involve the use of a credit card. In the following ranking, we will see the best no annual fee credit cards of 2020.

Table of Contents

List of best credit cards 2020 no annual fee

Cards	Rating	Apply
Chase Freedom Unlimited	⭐⭐⭐⭐⭐	Apply Now
Discover it Cash Back	⭐⭐⭐⭐⭐	Apply Now
American Express Amex	⭐⭐⭐⭐⭐	Apply Now
Uber Visa Card	⭐⭐⭐⭐⭐	Apply Now

Best Credit Cards 2020 No Annual Fee: Chase Freedom Unlimited

Best Credit Cards 2020 - Chase Freedom — Chase Freedom

This is a credit card with cash back at no annual charge, a good sign-up bonus, a long 0% APR promotion, and a fixed and unlimited 1.5% cash gain rate on all purchases. This shares many similarities with the original Chase Freedom card, which also lacks an annual fee and comes with generous APR promotions for registration and registration.

The very big distinction between the two is that Freedom Unlimited eliminates Freedom’s rotating cashback categories. These categories allow cardholders to earn up to 5% cash reimbursement on selected purchases, up to a quarterly spending limit, in addition to a basic 1% profit rate on all other purchases. However, they are often criticized for being annoying to activate and track. If you prefer the original Freedom 5% categories, but worry: Chase has no plans to ruin that card and continues to accept new applications for it.
Chase Freedom Unlimited does not have an annual fee, which is great news.

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Best Credit Cards 2020 No Annual Fee: Discover IT

: Discover IT

Discover it Card is a credit card issued primarily for the United States market through the Discover Financial Service subsidiary of Discover Global Network. Operator and owner of the payment system for transactions carried out with Discover cards and other brand product

The Discover card was announced and sponsored by the American chain of stores Sears in 1986. The Discover cards are issued and backed by Discover Bank. The online bank of the corporation that offers both savings products, such as investment and credit at attractive rates and returns. Benefits of Discover cards
The Discover Network group offers a variety of credit products through its Discover cards intended for general purchases, travel, restaurants, fuel, health, insurance and medical expenses, and even studies and training.

There are many benefits when opting for a Discover card

One of them is that the card has no annual maintenance fee.
The card also offers a variety of cashback bonus options, a low APR, and the ability to manage your accounts online.
You can apply for the Discover credit card online with relative ease, as long as you know in advance what you want from the card.
The Discover it card. It offers up to 5% cash reimbursement at gas stations, grocery stores, restaurants, shopping on Amazon.com, and wholesale clubs.
System protection purchases from Discover gives you ninety days of warranty in case of damage or theft, the maximum amount of USD 500 if your claim is approved.
Discover also offers you the Price Protection system, which gives Discover cardholders the opportunity to find a lower price within ninety days of the original purchase and, in which case, submit a claim to receive a refund for the price difference Up to USD 500 per item.

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When it comes to applying for a credit card, American citizens are fortunate to have numerous issuers to choose from. Each card offers its own unique set of features, including rewards, benefits, promotions, discounts, refunds, and customer service standards.

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American Express Amex EveryDay Credit Card

American Express Blue Cash

Learn more about this credit card and find out how you can request it here.

The American Express Amex everyday credit card (a Money Crashers partner) is a cash credit card that uses a complicated but point system to reward users. It has no annual fee and accelerated point earnings (2 points for $ 1 spent) in the supermarket, plus 1 point for every $ 1 spent on everything else.

Features

There is no annual fee to use this card
Transactions abroad cost 2.7% of the total amount of the transaction
Balance transfers and cash advances cost between $ 5 or 3% of the total amount, while late and returned payments cost up to $ 38 each.

EveryDay competes with other credit cards with cashback and rewards, including American Express Blue Cash every day, Preferred Blue Preferred, EveryDay Preferred, and Plenti, as well as non-Amex cards such as Capital One Quicksilver Credit Card, Discover it, Chase Freedom, Bank Americard Cash Rewards, Barclaycard CashForward World Mastercard and numerous travel rewards credit cards.

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Best Credit Cards 2020 No Annual Fee: Uber Visa Card

The free card is clearly aimed at building a link with its mostly youth user base, offering as a reward to return a percentage of the money spent. In specific terms, you will receive a refund of four percent on visits to restaurants and UberEats, three percent on airfares and hotels, two percent on online purchases, including Uber, and one percent on everything else.

This is important to keep in mind that any online purchase made with this card through third-party payment methods, such as Venmo, PayPal, Apple Pay, Android Pay, and Samsung Pay, will cut the reward in half. The card also offers a $ 100 bonus if you spend more than $ 500 in the first 90 days, which equals less than $ 6 dollars per day.

You can redeem the aforementioned rewards for Uber credits that can be used for both travel and UberEats, as well as cashback, and a range of gift cards, as explained by the company.
The best thing about this card is that this is also no annual fee credit card

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Guide for Obtaining a Bank of America secured card.

Until a few months ago, I did not know about the existence of credit cards with a security deposit or also “insured” calls. In my experience, I had only seen traditional credit cards and debit cards.
As you know, the debit card is a card that uses the money that we have deposited in the bank; that is when making purchases with that card, the money that we have in our account is actually being used. Credit cards, unlike debit cards, use money from the bank that lends us for several days, and if the total amount purchased during the period is paid, interest is not paid. Interest is only generated when the total amount used in the previous period is not paid.

What is the best credit card 2020 with a security deposit?

I found this type of card in the US when I was inclined to create credit history in that country since that gives the advantage of being able to acquire services that only people with a history can obtain.
Basically, we deposit the amount we want to have a credit limit in a bank account, say $ 500. That money the bank puts in a special account to which we do not have access while the card is in force and the bank does not decide that “we already have confidence” and return that money, changing the card “insured” to a card “regular” credit.

Why not ask for a regular or debit credit card?

For many years I have used a debit card in the US, and none of that has created a credit history. To generate credit history can only be done with a credit product, be it a regular, insured card, personal loan, car, or home.

Without a credit history, it is difficult to obtain a regular credit card (but not impossible), so a good alternative is the credit card with a security deposit.

A good option: The Bank of America guarantee deposit credit card
For the experience, I have had with this bank, and as much as I have read on the internet, one of the best-insured cards in the US is the BankAmericard credit card with the deposit in the guarantee of Bank of America.