While the annual fees are the same one aspect where the Reserve comes out on top is that you should be able to downgrade it to
a no annual fee card like a Freedom or regular Sapphire.
This is most often used to move points from a no -
annual fee card like the Chase Freedom to a premium card like the Chase Sapphire Reserve or Chase Sapphire Preferred, which then allows you to transfer the points to travel partners or redeem them at a more favorable rate.
However, what really makes it great is that you can downgrade this card to
a no annual fee card like the Barclaycard Arrival and help to preserve and improve your average age of accounts and help build up your credit score.
For instance, you could easily add
another no annual fee card like The Amex EveryDay ® Credit Card from American Express to your portfolio.
That's why if you're spending less than $ 12,000 each year,
a no annual fee card like the Discover it ® Miles works well.
As for applying for a new card, I would wait a month or two until after you've been added as an AU on 1 or 2 cards and then apply for a very basic no
annual fee card like B of A 1,2,3 or Chase Freedom card.
Points on
no annual fee cards like the Chase Freedom and Freedom Unlimited can not be transferred, unless you also have a premium card to combine points with.
But points earned with
no annual fee cards like the Freedom, Freedom Unlimited, and Ink Cash can NOT be directly transferred to partner airlines and hotels.
But to transfer Chase points to travel partners from
no annual fee cards like the Freedom or Freedom Unlimited, you'll need to have another eligible Chase card, like the Chase Sapphire Preferred.
With
no annual fee cards like the Freedom, Freedom Unlimited, and Ink Cash, you can NOT transfer points directly to airline and hotel partners.
It's even available on
no annual fee cards like the Capital One Quicksilver Cash Rewards card or Bank of America's Travel Rewards card.
Points on
no annual fee cards like the Chase Freedom and Freedom Unlimited can not be transferred, unless you also have a premium card to combine points with.
Not a horrible rate but it gets beat out by
no annual fee cards like the Freedom Unlimited (1.5 x) or Amex Blue Business Plus (2X on the first $ 50,000 spent).
It also gives you the ability to transfer points from fantastic cards
no annual fee cards like Chase Freedom and Ink Cash into miles as well, as those cards can't transfer points directly into miles without having the Sapphire Preferred or Ink Plus card.
Not exact matches
Buying products and services with your
card, in most cases, will count as a purchase; however, the following types of transactions won't count and won't earn points: balance transfers, cash advances and other cash -
like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, interest, unauthorized or fraudulent charges, and
fees of any kind, including an
annual fee, if applicable.
You may have a
card with an
annual fee, which is fine, but you don't want to accumulate late payment
fees or the
like.
It does have a few premium perks
like the $ 100 travel credit and $ 75 Hotel Collection credits that add value to the
card and offset the
annual fee when used.
Like the Chase Sapphire Preferred, the Capital One Venture Rewards
card has a $ 95
annual fee (waived for the first year) and offers a 50,000 - mile sign - up bonus.
Some other rewards credit
cards options include valuable cash back rewards
cards like the American Express Blue Cash EveryDay, or no -
annual -
fee rewards
cards like the AMEX EveryDay from American Express.
Here I conclude that for anyone
like me who does not travel much at all and have Freedom and Freedom Unlimited
cards (both earn UR Points) the overall net benefit is more with $ 450
annual fee CSR
card when compared to lower
fee CSP
card (Please see the math above).
Like the BofA Travel Rewards
card, the Barclays Arrival ™ World MasterCard ® has no foreign exchange
fee and no
annual fee.
Consumers who don't have high enough spending to justify an
annual fee card, but find themselves shopping abroad, have a lot to gain from a
card like the BankAmericard Travel Rewards, for this exact reason.
Like similar travel credit
cards, the Capital One Venture Credit
Card has a $ 95
annual fee (waived for the first year).
With a reasonable
annual fee and a competitive rewards rate, there is a lot to
like about the Capital One Venture Credit
Card.
For no
annual fee, the Chase Ink Business Cash
card offers substantial cash rewards, including 5 % back on major expenses
like internet, cable, phone, and office supplies.
In exchange for using a rewards credit
card, you may have to pay extra
fees (
like an
annual fee).
Consider looking into the AMEX Starwood Preferred Guest credit
card (if you'd
like to earn hotel nights as well), the AMEX Platinum (if you're a very frequent traveler), and the AMEX Everyday (for a no
annual fee option).
To learn more, read our SimplyCash Plus review to see what we
like (and dislike) about this no
annual fee business cash back credit
card.
Choosing a
card without an
annual fee is much
like picking any other
card — you need to find the one that offers the features and benefits that are best suited to how you are going to use the
card.
The Discover it ® Secured
Card — No Annual Fee treats its secured credit card holders just like it would its traditional cardholders, which is what makes it one of the best options for people with poor cre
Card — No
Annual Fee treats its secured credit
card holders just like it would its traditional cardholders, which is what makes it one of the best options for people with poor cre
card holders just
like it would its traditional cardholders, which is what makes it one of the best options for people with poor credit.
Many of the best no
annual fee cash back credit
cards like the Capital One ® Quicksilver ® Cash Rewards Credit
Card or Fidelity Investment Rewards will get you better rewards rates and offer you cash back which is much more valuable than loyalty points.
Some travel
cards come tricked out with lots of bells and whistles
like free checked bags or
annual airline
fee credits.
When you're evaluating credit
cards for their potential rewards, you'll want to pay particular attention to rewards credit
card drawbacks
like annual fees and limitations on how you can spend your points.
Most airline
cards that offer financial benefits
like free checked bags charge an
annual fee.
While this
card has no features that make it extraordinary, the fact that it has no
annual fee and above - average rewards in certain shopping categories,
like dining out, makes it a decent
card to consider getting.
Consumers who don't have high enough spending to justify an
annual fee card, but find themselves shopping abroad, have a lot to gain from a
card like the BankAmericard Travel Rewards, for this exact reason.
I also include a free excel model which readers can download and use to input their own amounts for things
like purchases, gas, groceries,
annual fee on the
card and cashback.
The
cards do charge an
annual fee, which may seem
like you're paying a price for not paying checked baggage
fees; but, if you travel frequently, the extra perks and bonus miles may be well worth the price.
If you don't
like paying an
annual fee, there is the Blue Cash Everyday
Card.
Just
like the Blue Cash Everyday ®
Card from American Express, the Citi ® Double Cash Credit
Card comes with no
annual fee.
Like airline
cards, hotel
cards that offer freebies normally come with an
annual fee.
For a $ 450
annual fee, the Delta Reserve Credit
Card may seem like it skimps on the bonuses (10,000 MQMs and 10,000 bonus miles) but all you need to do to earn them is make a purchase on your c
Card may seem
like it skimps on the bonuses (10,000 MQMs and 10,000 bonus miles) but all you need to do to earn them is make a purchase on your
cardcard.
With advertised luxury perks
like a 24/7 concierge and VIP airport lounge access, and the sleek stainless steel / carbon composition (as opposed to regular plastic) and black coloring of the
card itself, some of what you're paying for in the $ 495
annual fee is membership to an exclusive cardholder club.
With no
annual fee and 24/7 concierge service, this
card delivers a very cost - effective package of benefits even when compared against premium
cards at companies
like American Express and Chase.
Just
like Chase Sapphire, the Chase Freedom
card comes with no
annual fee.
Like most premium credit
cards, the Chase Sapphire Reserve ® has a high
annual fee of $ 450.
Just
like the National Geographic Visa
card, the BankAmericard Travel rewards is a no -
annual -
fee, no - foreign - exchange -
fee, and EMV - ready credit
card.
credit rating, but so far, two big banks have quoted me interest rates at around 17 % (
like that of a credit
card) and one bank had an
annual fee starting in the second year if the LOC was not used.
Like the Discover it ® Secured
Card — No
Annual Fee, the Capital One ® Secured Mastercard ® has no annua
Annual Fee, the Capital One ® Secured Mastercard ® has no annual f
Fee, the Capital One ® Secured Mastercard ® has no
annualannual feefee.
The
annual fee has inceased by $ 20 (from $ 75 to $ 95), but the
card now features new benefits, like a free weekend night award after your first anniversary of Card Members
card now features new benefits,
like a free weekend night award after your first anniversary of
Card Members
Card Membership.