Best Credit Cards with the Annual Fee Waived the First Year
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No one likes to pay annual fees, but these charges can be worth it when compared to the benefits of some credit cards. Fortunately, many of the most valuable cards with annual fees offer to waive the first year for new applicants, giving you an opportunity to see just how much you can benefit from the card and its rewards.
So if you would like to try out a new card, without paying an annual fee for the first year, consider one of these leading rewards credit cards.
Chase Sapphire Preferred® Card
The Chase Sapphire Preferred® Card is a favorite among travelers due to all of its perks. The $95 annual fee is waived the first year. Earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide. Points can be transferred at a 1:1 ratio to ten airline and hotel partners, including United and Southwest Airlines. When you redeem through Chase Ultimate Rewards to book travel you get 20% off your purchases for car rentals, hotel stays, and more. Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 in travel when you redeem through Chase Ultimate Rewards®. This card has no foreign transaction fees.
Capital One® Venture® Rewards Credit Card
The Capital One® Venture® Rewards Credit Card is especially ideal for travelers whose spending varies and isn't limited to a specific airline or hotel brand. The annual fee of $59 is waived the first year. Cardholders earn unlimited 2x miles for every dollar spent on all purchases. You can redeem your miles through Purchase Eraser, against travel purchases made in the last 90 days, or you can redeem for cash, gift cards, and other redemption opportunities. Cardholders receive additional card benefits such as complimentary 24/7 concierge service, travel upgrades and savings, and access to Capital One CreditWise app for monitoring and managing your credit profile. Further, you can earn a one-time bonus of 40,000 miles if you spend $3,000 with your card within three months of approval, which can be worth as much as $400 in travel. This card has no foreign transaction fees.
Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard®
The Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® from our partner Citi provides value for American Airlines customers. The $95 annual fee is waived the first year. The card is chockful of travel perks. The first checked bag is free for you and up to four companions, and you will be eligible for preferred boarding on American Airlines flights. Cardholders receive 25% discounts on eligible purchases of food and drinks during the trip. You earn two miles per dollar on all eligible purchases made through American Airlines and one mile per dollar on all other purchases. When you redeem your miles for travel to over 1,000 destinations worldwide, you earn 10% back for your next redemption. New applicants can earn 30,000 bonus miles after spending $1,000 in the first three months of account opening. This card has no foreign transaction fees.