Card Deals with No Annual Fees

Fee free credit cards' market share seems to be Eldorado for most customers. A fee-free deal is considered by many people as an attractive financial incentive.

Bank Name Credit Card Name	Intro APR PURCH.	Intro Period PURCH.	Intro APR BAL.TR.	Intro Period BAL.TR.	APR %	Annual Fee	Apply Details
American Express Blue from American Express®	0%	15 months	4.99%	Until Paid Off	10.24%	$0	Apply Online see details
Discover® Card More Card	0%	6 months	0%	12 months±	10.99%±	$0	Apply Online see details

Although it is better not to know what sausages are made of, when it comes to credit cards it seems to be a good idea to learn a bit more about their insides. A little of such information can help you become a smart credit card holder. And also save you some money.

Well, let us now review peculiarities of no annual fee credit cards. Are they really free?

It may be cheaper to have a plastic with annual fee and not so high interest rate than a no-annual fee card but with higher interest. Of course you need to compare. Let as view a simple example. The first credit card has 14.24% interest rate and no fee. The second - 9.9% with an annual fee of $48. If you pay your balance in full each month, then no annual fee deal is best for you. But if you carry balance then it could be cheaper to pay the fee.

Average balance	Debt (with 14.24% APR)	Debt (with 9.9% APR)
$1000	140.24	90.9
$5000	701.2	454.5
$10000	1402.4	909

So, if you have a $5000 balance it will cost you additional $246.7 a year with a fee free credit card. If you decide to have a plastic with an annual fee you will save $198.7 a year ($246.7-$48).

This simple comparison shows that you need to be attentive when choosing a credit card.

Well, if you are a disciplined customer and pay the whole amount of balance in full each month, then a no annual fee plastic will bring you the most benefits. If are looking for ways to eliminate your credit debt, then no balance transfer fee offers will catch your attention. RequestCredit.com has a good choice of such deals.

And of course when making a credit card application, think what are you going to use your card for? If you plan only to make purchases, then Discover Card with its 1% cash back bonus for all purchases and 5% cash back in popular categories and no annual fee can be an attractive financial tool. You will save money and earn bonuses.

But if you are looking for really generous rewards, fee free credit cards are not the best option. For example some travel a lot and pay high annual fees. But in return they earn air miles and then can take their whole family on a holiday absolutely free!

Well, not everyone qualifies for fee free plastics. If your credit rating is bad you have little chances. Even so, it is a privilege worth fighting for.

Related Publications

Credit Card Arbitrage
Financial games can bring profit and can cause debt. Some people even manage to make "free money" on credit card deals. The scheme is simple and beneficial. You take monye from a plastic with favorable terms and conditions, and then invest the money on saving account with good interest rate. And here you are with your net profit!

At first glance it is simple. But you need to possess perfect analytical skills and know the market very well. This is a task for those who love challenges.

Credit Card Tart
There are credit card holders who are too smart about their cards. Do you think it is possible to be too smart? In this respect yes. These card holders are doing their best in order to have the most favorable terms and conditions by switching from one plastic to another. This tactics is perfect for customers, but very unfavorable for banks.

Banks are now facing a problem how to restrict such rate surfers. Some counter measures have been taken. Let us see how it works.

Great Credit Card Deal
Credit card deals are becoming more and more attractive for customers. Many people choose applying for a plastic. But first they find out their advantages and disadvantages. It is important to know them beforehand.

Once you have made up your mind to apply for a plastic, decide how to do that - online or offline. Online application is quicker, more convenient and as secure as if you do it in the bank.

What can also reassure those who still hesitate whether to get a plastic or not is that this type of financial services is protected by Federal law.

Do You Know That...

In America there is now no federal law about interest rates on credit cards. There used to be such a law, but during the Great Depression it was eliminated and was never put back. States regulate this matter themselves.

So, credit card companies have their headquarters in states where there is no cap on interest rate. They are for example Utah (American Express), Arizona (Bank of America). This allows credit card issuers to fix any rates. And even if you live in a state where there is a cap on interest, your bank dictates terms.