The Best No Annual Fee Credit Cards of 2013, According to MyRatePlan.com

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Credit card experts from MyRatePlan (http://www.MyRatePlan.com/CreditCards) analyzed thousands of credit card offers to rank the best no annual fee credit cards of the year.

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If the annual fee is high, then it has the potential to cost more than the value of the rewards you can earn from the card. By choosing a credit card with no annual fee, customers can ensure they are not incurring any unnecessary expenses.

Today, credit card industry analysts from MyRatePlan.com, a leading credit card comparison website, announced their list of the best no annual fee credit cards of 2013. With thousands of credit cards currently on the market, it can be difficult for potential cardholders to determine the best card for them. Many credit cards tout generous rewards programs, but the annual fee on the credit card is so high that the cost of the annual fee outweighs the rewards earned from the card. There are many cards, however, that offer great terms and rewards, but do not require an annual fee.

In creating their ranking of the best credit cards with no annual fee of the year, credit card experts from MyRatePlan took several factors into account including rewards, introductory APR periods, interest rates, customer reviews, and more.

Here are the best no annual fee credit cards of 2013:

1) Discover it Card – The Discover it Card is a brand new credit card just launched by Discover early this year, and is this year’s pick for the best no annual fee credit card. With the Discover it Card, cardholders receive a 0% introductory APR on both purchases and balance transfers for 14 months. In addition, cardholders earn 5% cash back on rotating categories throughout the year including home improvement stores, entertainment, gas, groceries, and more. Cardholders also earn 1% cash back on all purchases throughout the year, regardless of category. Discover also does not charge Discover it cardholders overlimit fees, foreign transaction fees, or pay-by-phone fees. Discover also will not charge a late fee on the first late payment, nor will they increase a cardholder’s APR if they pay late. Lastly, Discover offers 24/7 US-based customer support.

2) Citi Simplicity Visa Card - The Citi Simplicity Visa Card is another great credit card with no annual fee. With the Citi Simplicity Visa Card, cardholders receive a 0% APR introductory period on both balance transfers and purchases for 18 months, which is one of the longest no-interest periods out of any credit card on the market. The Citi Simplicity Visa Card also never charges late fees, penalty rates, or annual fee. The card also offers 24/7 customer service with helpful customer support.

3) Citi ThankYou Preferred Rewards Card – The ThankYou Preferred Rewards Card from Citi rounds out this year’s list of the best no annual fee credit cards. With the Citi ThankYou Preferred Rewards Card, cardholders earn 15,000 bonus ThankYou Points after they spend $1,000 on purchases in the first 3 months that they have the card. Cardholders also earn 1 ThankYou Point for each dollar spent on all purchases, and there is no limit on the amount of points that can be earned. In addition, cardholders receive a 0% introductory APR period on balance transfers and purchases for 12 months.

“Many people get roped in by generous credit card reward promises, without taking the time to look at the annual fee that the card charges,” explained Logan Abbott, President of MyRatePlan.com. “If the annual fee is high, then it has the potential to cost more than the value of the rewards you can earn from the card. By choosing a credit card with no annual fee, customers can ensure they are not incurring any unnecessary expenses.”

People interested in a new credit card can compare credit cards using MyRatePlan’s comprehensive credit card comparison tool to apply for a credit card.

About MyRatePlan:

Founded in 1999, MyRatePlan is a leading consumer and business comparison website for credit cards, mobile phones, insurance, phone service, travel, and more. MyRatePlan develops proprietary tools to make shopping for products and services as easy as possible for both consumers and businesses.

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Logan Abbott
MyRatePlan.com
858-454-5900 10804
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