Best No Annual Fee Credit Cards in Singapore 2026
Here are the best credit cards in Singapore with long annual fee waivers, or no annual fees at all.
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We found 37 credit cards for you!
FASTER REWARD FULFILMENT | UNLIMITED 1.6% CASHBACK
APPLY NOW for Citi Cash Back+ Card
on Citibank's secure site
Earn up to 8 miles per S$1 | Instant Activation*
APPLY NOW for HSBC Revolution Credit Card
on HSBC's secure site
1.5% Unlimited Cashback
APPLY NOW for Standard Chartered Simply Cash Credit Card
on Standard Chartered's secure site
High Spend on Dining
APPLY NOW for OCBC 365 Credit Card
on OCBC's secure site
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Unlimited Cashback
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APPLY NOW for American Express True Cashback Card
on American Express's secure site
Earn up to 2% unlimited cashback!
APPLY NOW for CIMB World Mastercard
on CIMB's secure site
Most convenient way to earn KrisFlyer miles
APPLY NOW for American Express Singapore Airlines KrisFlyer Credit Card
on American Express's secure site
Earn Miles That Never Expire
APPLY NOW for DBS Altitude Visa Signature Card
on DBS's secure site
Earn up to 10% cashback
APPLY NOW for CIMB Visa Signature
on CIMB's secure site
Enjoy up to 10% Cashback!
APPLY NOW for UOB One Card
on UOB's secure site
Annual Fee Waived
APPLY NOW for Standard Chartered Journey Credit Card (No Annual Fee)
on Standard Chartered's secure site
Up to 10% Cashback
APPLY NOW for UOB EVOL Credit Card
on UOB's secure site
Accelerated Upgrade to KrisFlyer Elite Gold Member
APPLY NOW for American Express Singapore Airlines KrisFlyer Ascend Credit Card
on American Express's secure site
Up to 10 Miles per S$1 spent
APPLY NOW for UOB Lady's Card
on UOB's secure site
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APPLY NOW for UOB Visa Signature Card
on UOB's secure site
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Earn up to 6 miles per S$1 spent
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APPLY NOW for OCBC Rewards Credit Card
on OCBC's secure site
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APPLY NOW for NTUC Link Credit Card by Trust
on Trust Bank's secure site
Earn up to 8 Miles per S$1
APPLY NOW for UOB PRVI Miles Visa Card
on UOB's secure site
Earn up to 8 Miles per S$1
APPLY NOW for UOB PRVI Miles Mastercard Card
on UOB's secure site
Earn up to 8 Miles per S$1
APPLY NOW for UOB PRVI Miles American Express Card
on UOB's secure site
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⭐ MoneySmart Recommends
The HSBC Revolution Card is the no-annual-fee card to beat. Earn a consistent 10X bonus Reward points (4 miles or 2.5% cashback per S$1) on online and contactless spending with no minimum spend, or double that to 20X bonus Reward points by parking S$50,000 in an HSBC Everyday Global Account.
For shoppers, the Citi Rewards Card earns the same 10X rate at department stores and online shopping merchants.
Prefer pure cashback? The Standard Chartered Simply Cash Card gives you a flat 1.5% on everything—no minimums, no cap, no annual fee in the first year. And if you spend S$800 a month, the OCBC 365 Card (fee waived for two years) earns 5% on dining and 6% on petrol.
For shoppers, the Citi Rewards Card earns the same 10X rate at department stores and online shopping merchants.
Prefer pure cashback? The Standard Chartered Simply Cash Card gives you a flat 1.5% on everything—no minimums, no cap, no annual fee in the first year. And if you spend S$800 a month, the OCBC 365 Card (fee waived for two years) earns 5% on dining and 6% on petrol.
Quick Navigation: Best No Annual Fee Credit Cards in Singapore (2026)
If you’re in a hurry to compare the best no annual fee credit cards in Singapore, this section gives you a fast track. Use these links to jump straight to card comparisons, current promotions, waiver tips, and bank-specific listings—so you can save time and zero in on the perks that matter most.
🔖 Bookmark this page to stay up-to-date with all the latest no annual fee credit card promos across all banks.
🔖 Bookmark this page to stay up-to-date with all the latest no annual fee credit card promos across all banks.
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Best No Annual Fee Credit Cards in Singapore (2026): Comparison
Now that you know how to navigate our no annual fee credit cards, let's size up the leading options side by side. Here, we'll help you compare key credit card features, rewards, promotions, and waiver conditions so you can recognise which one matches your financial objectives and spending habits best.
| Credit card | Best for | Card benefits | Annual fee waiver |
|---|---|---|---|
| Standard Chartered Simply Cash Credit Card | Fuss-free cashback seekers | 1.5% unlimited cashback on all eligible spend |
1st year waived |
| OCBC 365 Credit Card | Household expenses and daily bills | Up to 6% cashback on dining, 5% on petrol, 3% on groceries and recurring bills | 2 years waived; subsequent waived with $10,000/year spend |
| HSBC Revolution Credit Card | Online and contactless spenders | 10X Rewards Points (≈4 miles/$1) on online and contactless spend (dining, retail, travel) |
No annual fee |
| American Express True Cashback Card | Everyday spenders | 3% cashback on first $5,000 spend in 6 months 1.5% unlimited cashback thereafter No min. spend or cap |
1st year waived |
| CIMB World Mastercard | Dining, entertainment, and travel | 2% cashback with $1,000 monthly spend 1% cashback below $1,000 Complimentary Mastercard Travel Pass access |
No annual fee |
| DBS Altitude Visa Signature Card | Frequent travellers | 1.3 mpd on local spend 2.2 mpd on overseas spend 10,000 bonus miles with annual fee payment |
1st year waived |
Best No Annual Fee Credit Cards for Every Lifestyle in Singapore
Now that you’ve seen the side-by-side comparison, let’s make it personal. Here’s a quick guide to the best no annual fee credit cards in Singapore, matched to your lifestyle and spending habits. Pick the one that fits you best and enjoy rewards without the burden of annual fees.
🎓 For Students: DBS Live Fresh Student Card
💼 For First-Jobber: HSBC Revolution Credit Card
👨👩👧 For Family: OCBC 365 Credit Card
💵 For Cashback Hunters: Standard Chartered Simply Cash Credit Card
✈️ For Miles Collectors: DBS Altitude Visa Signature Card
Note: With effect from 1 Aug 2026, the annual fee waiver eligibility upon meeting the retail spend of S$25,000 in the previous card year will be ceased.
🛒 For Simple Savers: CIMB World Mastercard
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Hidden Fees on No Annual Fee Credit Cards in Singapore
Even “no annual fee” cards can come with surprise costs. From late payment penalties to foreign transaction fees, it pays to know what you’re signing up for. Here’s a breakdown of the most common hidden charges and how to avoid them.
Here are a few quick examples to illustrate:
Spend S$1,000 overseas ➡️ add ~S$32.50 in FX fees.
Pay late ➡️ $100 penalty + 26.9% interest.
Withdraw $500 cash ➡️ extra $40+ in fees and interest.
Quick comparison of hidden fees
| Card | Late Payment Fee | Interest (p.a.) | Foreign Transaction Fee | Waiver Notes | Tips |
|---|---|---|---|---|---|
| Standard Chartered Simply Cash | $100 | 27.9% | 3.5% | 1st year waived only | Set up automatic GIRO payments to avoid late charges and interest, |
| OCBC 365 Credit Card | $100 | 27.78% | 3.25% | 2 years waived; $10k spend for subsequent waivers | Spend at least $10,000 annually to keep your annual fee waiver active. |
| Amex True Cashback Card | $100 | 27.8%–30.8% | 3.25% | 1st year waived only | Remember to track your annual fee payments from year 2 onwards. |
| HSBC Revolution Card | $100 | 26.9% | 3.25% | No annual fee for life | Redeem your HSBC rewards points into miles, cash, or other rewards before they expire after 37 months. |
| CIMB World Mastercard | $100 | 27.8% | 3% | No annual fee for life | Lifetime waiver but watch out for overlimit and cash advance fees. |
| American Express Singapore Airlines KrisFlyer Credit Card | $100 | Up to 30.8% | 3.25% | 1st year waived only | Remember to track your annual fee payments from year 2 onwards. |
Here are a few quick examples to illustrate:
Benefits of No Annual Fee Credit Cards
🤑 Save more
With a no annual fee credit card, you can save up to $500 every year, depending on your chosen credit card.
👌🏻 Fuss-free management
Get only what you need with minimised cost on your end. No annual fee credit cards are simple and straightforward.
❌📅 No yearly surprises
Not everyone can keep track of when their annual fee is due. So, with a no annual fee credit card, you’ll be free from credit card bill shocks.
How to Apply for No Annual Fee Credit Cards & Waive Fees in Singapore
Ready to apply for a no annual fee credit card? Here’s your step-by-step playbook to make sure you qualify, avoid rejections, and keep your card fee-free.
Step 1
Check eligibility
Most banks require you to be at least 21 years old with a minimum annual income of $30,000 (Singaporean/PR).
Foreigners usually need $45,000–$60,000, sometimes even $90,000.
Student cards (like DBS Live Fresh Student) have separate eligibility rules.
Foreigners usually need $45,000–$60,000, sometimes even $90,000.
Student cards (like DBS Live Fresh Student) have separate eligibility rules.
Step 2
Prepare necessary documents
While document requirements vary across banks, the standard documents banks would ask for include, but are not limited to:
Singaporeans/PRs: NRIC + latest payslip or Income Tax Notice of Assessment
Foreigners: Passport, employee pass (6 months' validity), proof of income and address
Step 3
Decide your priority
What matters more—welcome bonus, cashback rate, or long-term waiver?
Some cards give bigger upfront promos (e.g., AMEX credit cards, Standard Chartered Simply Cash).
Others save you more long-term with automatic lifetime waivers (e.g., HSBC Revolution, CIMB World Mastercard).
Step 4
Apply via MoneySmart
Shortlist your preferred no annual fee credit card on our comparison page here, and click on their respective "Apply Now" button to get your application started!
Besides being redirected to the card application form, you'll be asked to fill up our MoneySmart Rewards Form with your email address to qualify you for our ✨ exclusive sign-up rewards and bonuses 🎁.
Alternatively, you may also sign up for credit cards via the banks' online portals or physical branches.
Besides being redirected to the card application form, you'll be asked to fill up our MoneySmart Rewards Form with your email address to qualify you for our ✨ exclusive sign-up rewards and bonuses 🎁.
Alternatively, you may also sign up for credit cards via the banks' online portals or physical branches.
Step 5
Submit & track your application
Upon application, banks will review and assess your submission. Most banks will confirm by SMS or email within a few working days, at times almost instantaneously.
If extra supporting documents are required, banks will also follow up quickly to minimise delays.
If extra supporting documents are required, banks will also follow up quickly to minimise delays.
Step 6
Understand fee waiver processes
💡 Pro-tip: Always set reminders before your credit card's annual fee waiver period ends. This way, you won't be caught off guard by annual fee renewals being sent to your bill statement.
Step 7
Receive & activate your credit card
Once your credit card is approved, congrats!
Be sure to activate it on your bank's respective mobile app. Alternatively, you can wait for the physical card to be mailed to you.
Regardless, once it's activated, you can start using your new credit card for your purchases and you can track your miles, rewards, or cashback on the bank's mobile app!
Be sure to activate it on your bank's respective mobile app. Alternatively, you can wait for the physical card to be mailed to you.
Regardless, once it's activated, you can start using your new credit card for your purchases and you can track your miles, rewards, or cashback on the bank's mobile app!
Step 8
⭐ Redeem your sign-up bonuses
Don’t forget to claim your bonus! Most promos require spending a set amount within 30–60 days. Mark the expiry dates so you don’t miss out.
Get No Annual Fee Credit Cards in Singapore with Exclusive Promotions from MoneySmart
| Credit Card | Card highlights | Promotion | Valid until |
|---|---|---|---|
| Citi Cash Back+ Card |
| Receive S$430 cash or 6,140 SmartPoints (worth up to S$499 in gifts) after spending S$500 within 30 days of card approval on your new Citibank Credit Card. Rewards are issued within 5 weeks after meeting the spend criteria.
Additionally, enter the exclusive lucky draw for a chance to win an ultimate S$15,000 getaway to your dream destination. | 18 Jul 2026 till 31 Jul 2026 |
| HSBC Revolution Credit Card |
| Spend S$500 from the Card Account Opening Date to the end of the following calendar month to receive up to S$430 cash or 6,140 SmartPoints (worth up to S$499 in gifts).
Plus, enter an exclusive lucky draw for a dream-destination getaway valued at S$15,000. | 18 Jul 2026 till 31 Jul 2026 |
| Standard Chartered Simply Cash Credit Card |
| Receive S$350 cash via PayNow or 4,000 SmartPoints (worth up to S$469 in gifts) after you spend a minimum of S$800 within 30 days and apply to any of the following SCB products through MoneySmart: Bonus$aver Account, CashOne Loan, EasyPay or Funds Transfer. | 1 Jul 2026 till 31 Jul 2026 |
| OCBC 365 Credit Card |
| Apply and spend at least S$400 within 30 days to receive either $250 Cash or 3,900 SmartPoints, which can be used toward an Apple AirPods Pro 3 valued at S$349. | 1 Jul 2026 till 31 Jul 2026 |
| CIMB World Mastercard |
| Receive S$50 cash after you apply and spend a minimum of S$2,000 within 60 days of card approval. Plus a Samsonite Black Label Fanthom Spinner 69/25 EXP TSA Luggage (worth S$1,150) when you meet a minimum CIMB spend of S$2,000 within 60 days of card approval. | 1 Jul 2026 till 31 Jul 2026 |
| American Express Singapore Airlines KrisFlyer Credit Card |
| New American Express Card Members can earn up to 16,000 KrisFlyer miles: 11,000 miles with a minimum spend of S$2,000 within the first 3 months and 5,000 miles upon the first transaction for first-time applicants. | 17 Jun 2026 till 31 Jan 2027 |
| DBS Altitude Visa Signature Card |
| Receive a Samsonite MINTER 80/30 Trunk Luggage (worth S$680) or up to 38,000 miles by spending a minimum of S$800 within 60 days of card approval and maintaining a valid DBS PayLah! account. Terms and conditions apply. | 1 Jul 2026 till 31 Oct 2026 |
| CIMB Visa Signature |
| Receive S$50 cash after you apply and spend a minimum of S$2,000 within 60 days of card approval. Plus a Samsonite Black Label Fanthom Spinner 69/25 EXP TSA Luggage (worth S$1,150) when you meet a minimum CIMB spend of S$2,000 within 60 days of card approval. | 1 Jul 2026 till 31 Jul 2026 |
| UOB One Card |
| Earn up to 20% cashback on daily spend and receive S$100 Samsung e-vouchers with a minimum spend of S$1,000 in the first month from card approval, plus 10% off at the Samsung online store. | 1 Jul 2026 till 30 Sep 2026 |
| Standard Chartered Journey Credit Card (No Annual Fee) |
| Receive S$180 cash via PayNow or 2,800 SmartPoints (worth up to S$429 in gifts) when you spend S$800 within 60 days and apply to any of the following SCB products through MoneySmart: Bonus$aver Account, CashOne Loan, EasyPay or Funds Transfer.
Earn 20,000 miles after spending S$800 within the first 60 days of card approval. | 1 Jul 2026 till 31 Jul 2026 |
| UOB EVOL Credit Card |
| Receive S$100 Samsung e-vouchers with a minimum spend of S$1,000 in the first month from card approval, plus 10% off at the Samsung online store. | 1 Jul 2026 till 30 Sep 2026 |
| American Express Singapore Airlines KrisFlyer Ascend Credit Card |
| New American Express Card Members can earn up to 45,000 KrisFlyer miles: 20,000 miles with an S$8,000 spend in 6 months and annual fee payment, 20,000 miles on first spend in the 15th month with fee payment, and 5,000 miles on the first transaction for first-time applicants. | 17 Jun 2026 till 31 Jan 2027 |
| UOB Lady's Card |
| Receive S$100 Samsung e-vouchers with a minimum spend of S$1,000 in the first month from card approval, plus 10% off at the Samsung online store. | 1 Jul 2026 till 30 Sep 2026 |
| UOB Visa Signature Card |
| Receive S$100 Samsung e-vouchers with a minimum spend of S$1,000 in the first month from card approval, plus 10% off at the Samsung online store. | 1 Jul 2026 till 30 Sep 2026 |
| OCBC Rewards Credit Card |
| Apply and spend at least S$400 within 30 days to receive either $250 Cash or 3,900 SmartPoints, which can be used toward an Apple AirPods Pro 3 valued at S$349. | 1 Jul 2026 till 31 Jul 2026 |
| NTUC Link Credit Card by Trust |
| New-To-Trust customers receive S$50 FairPrice E-Vouchers via MoneySmart, plus a chance to win prizes like an Apple iPhone 17 Pro Max, Apple iPhone Air, Apple Watch SE, and S$20 FairPrice E-Vouchers with eligible spend during the promotion period. | 1 Mar 2026 till 31 Jul 2026 |
| UOB PRVI Miles Visa Card |
| Receive S$100 Samsung e-vouchers with a minimum spend of S$1,000 in the first month from card approval, plus 10% off at the Samsung online store. | 1 Jul 2026 till 30 Sep 2026 |
| UOB PRVI Miles Mastercard Card |
| Receive S$100 Samsung e-vouchers with a minimum spend of S$1,000 in the first month from card approval, plus 10% off at the Samsung online store. | 1 Jul 2026 till 30 Sep 2026 |
| UOB PRVI Miles American Express Card |
| Receive S$100 Samsung e-vouchers with a minimum spend of S$1,000 in the first month from card approval, plus 10% off at the Samsung online store. | 1 Jul 2026 till 30 Sep 2026 |
| UOB Absolute Cashback Card |
| Receive S$100 Samsung e-vouchers with a minimum spend of S$1,000 in the first month from card approval, plus 10% off at the Samsung online store. | 1 Jul 2026 till 30 Sep 2026 |
| KrisFlyer UOB Credit Card |
| Receive S$100 Samsung e-vouchers with a minimum spend of S$1,000 in the first month from card approval, plus 10% off at the Samsung online store. | 1 Jul 2026 till 30 Sep 2026 |
| American Express Platinum Credit Card |
| New American Express Card Members can earn up to 40,000 Membership Rewards points by paying the annual fee and spending S$4,000 within the first 3 months of card approval. Terms and conditions apply. | 17 Jun 2026 till 31 Jan 2027 |
| OCBC 90°N Visa Card |
| Apply and spend at least S$400 within 30 days to receive either $250 Cash or 3,900 SmartPoints, which can be used toward an Apple AirPods Pro 3 valued at S$349. | 1 Jul 2026 till 31 Jul 2026 |
| OCBC 90°N Card |
| Apply and spend at least S$400 within 30 days to receive either $250 Cash or 3,900 SmartPoints, which can be used toward an Apple AirPods Pro 3 valued at S$349. | 1 Jul 2026 till 31 Jul 2026 |
| Lazada-UOB Card |
| New UOB credit card customers can receive Apple AirPods 4 by applying for the Lazada-UOB Card between 1 June 2026 and 31 August 2026 and spending a minimum of S$100 per month at Lazada for three consecutive months from card approval. | 1 Jun 2026 till 31 Aug 2026 |
| DBS Altitude American Express Card |
| Receive a Samsonite MINTER 80/30 Trunk Luggage (worth S$680) or up to 38,000 miles by spending a minimum of S$800 within 60 days of card approval and maintaining a valid DBS PayLah! account. Terms and conditions apply. | 1 Jul 2026 till 31 Oct 2026 |
How MoneySmart Compares No Annual Fee Credit Cards (Transparency & Trust)
You deserve to know that the credit card comparisons you’re reading are accurate, unbiased, and up to date. When it comes to credit cards, transparency matters. At MoneySmart, our mission is simple: to help you make smarter financial decisions without the jargon or fine print getting in the way.
1. Monthly updates & fact-checked data
We review and refresh our no annual fee card listings every month. That means the promos, waiver details, and fine print you see here are always current.2. Independent recommendations
Our picks are based on features, value, and suitability—not sponsorships. If a card is listed as “best,” it’s because the data backs it. That way, you know exactly when you’re seeing an ad and when you’re reading our independent take.Clear ads disclosure
Sponsored placements are clearly labelled where some links are affiliate links. That means if you apply through MoneySmart, we may earn a commission—but at no extra cost to you. This never affects how we rank or review products.4. Verified promos & waivers
We don’t just list offers — we check them against official sources. Our team validates every promotion and waiver condition before it appears on MoneySmart.5. Compliance with MAS guidelines
All our comparisons follow Monetary Authority of Singapore (MAS) regulations. This ensures your interests are always protected.6. Real-world testing
Each month, we test common processes (like the Citibank fee waiver request) to make sure our guidance reflects the actual customer journey.Max Out Rewards, Not Regrets
Don't limit your credit card options. Find the best credit card promotions with us on MoneySmart before you commit a new one to your wallet! ✨💳
Frequently Asked Questions About No Annual Fee Credit Cards
Which credit cards do not charge an annual fee in Singapore?
Singapore's "no annual fee" cards fall into two camps: those that are permanently free for life, and those with fees that are easily waived through spend or usage. Here are the top picks that are permanently free for life, ideal as keeper cards or backups:
- HSBC Revolution Credit Card – Up to 20X reward points ($1 = up to 8 miles) on contactless and online spend (dining, shopping, travel, ride-hailing). Points expire after 37 months.
- CIMB World Mastercard – 2% cashback on dining, luxury retail, digital entertainment, and taxis (min. $1,000/month spend).
- CIMB Visa Signature – Up to 10% cashback on groceries, online spend, beauty, and wellness (min. $800/month spend).
- CIMB Visa Infinite – 2% cashback on travel and overseas spend (min. $2,000), plus travel insurance and DragonPass lounge access.
- NTUC Link Credit Card by Trust – No FX fees. Up to 21% rebates at FairPrice Group and up to 20% off petrol at Esso and Caltex.
- Trust Cashback Card – No FX fees. Up to 1% unlimited instant cashback plus up to 15% on a rotating preferred category.
These cards have no tricky waiver rules — perfect for rewards with zero strings or as a backup card without surprise charges. Full details for each card are on MoneySmart.
How to request bank for credit card annual fee waiver?
- Automatic waivers: Some banks (like DBS) grant via app/online.
- Manual waivers: OCBC, UOB, CIMB usually require you to call their banking hotline.
- Lifetime cards: No waiver needed.
Thereafter, your annual fee waiver request will be assessed by tour credit card provider to see if you qualify for one based on your payment history.How do I choose the right no-fee credit card in Singapore?
- Finding the right no-fee credit card in Singapore starts with understanding the different types of annual fee structures available. Whether you want a card that’s truly “free for life” or you’re okay with requesting waivers or meeting certain conditions, it’s all about matching your comfort level with how much attention you want to pay to fees.
What’s the best business credit card with no annual fee?
- To find out the best business credit card without annual fee, check out our easy-to-use comparison tool that gives you an overview of the best no annual fee credit cards in Singapore. Here, you’ll find credit cards with an annual fee waiver from top credit card providers in Singapore.
What is a no annual fee credit card?
- A no annual fee credit card is a credit card that does not charge the usual yearly membership fee (typically $196.20). Some are free for life (e.g., HSBC Revolution), while others waive the fee only for the first 1 to 3 years. These cards save you from paying recurring account fees while still letting you enjoy rewards and perks.
What's the difference between a fee waiver and a lifetime free credit card?
- Fee waiver: The annual fee is waived temporarily (usually 1–2 years). You may need to request a waiver later.
- Lifetime free: No annual fee ever, no action required.
Who is eligible for a no annual fee credit card?
- Singaporeans/PRs: Age 21+, annual income of at least $30,000.
- Foreigners: Typically $45,000–$60,000 (or sometimes $90,000) annual income.
- Students: Options like the DBS Live Fresh Student Card (no income requirement, $500 limit).
Do fee waivers affect sign-up bonuses?
- No. Unless stated otherwise, as long as you meet the spending criteria, you’ll still qualify for promos and sign-up rewards. Always check the promo’s terms and conditions.
What are common hidden fees?
- Common hidden fees that apply to credit cards include:
- Late payment: $100
- Interest on retail purchases: ~26.9%–27.9% p.a.
- Foreign transaction fee: 3%–3.5%
If I miss an annual fee waiver or promo deadline, can I re-apply or get another chance?
- For annual fee waivers, yes, most banks allow you to request a waiver even after you've been charged—as long as you qualify based on your spend or historical payment behaviour. The general rule of thumb is, the sooner you contact customer support via hotline or bank mobile app, the higher your chances of waiver success.
Meanwhile, promo eligibility is stricter. If you miss an eligible spend requirement or promo window (e.g. new-to-bank status or specified claim deadline), you usually must wait for your new card eligibility to reset since most promos are strictly for first-time card applicants or "new-to-bank" only. This could take anywhere between 6 months to 2 years, depending on the card issuer. What are the main exclusions or limitations to watch for on no annual fee card rewards or benefits?
- Popular exclusions include limits on eligible transactions (e.g., AXS payments, insurance premiums, and utilities may not earn cashback or miles).
- Some cards require a yearly spend (e.g. $10,000, $25,000, $120,000) to keep recurring fee waivers active.
- Foreign currency transactions and cash advances are often excluded. Always review each card’s “things to note” or exclusion list, and remember that some offers and waivers apply only to principal cardholders.
- Rewards such as SmartPoints, bonus miles, or vouchers may have separate expiry or redemption rules. Always verify with the T&Cs.
How do I choose the best no annual fee credit card?
- It really depends on your lifestyle and spending habits. If you want simplicity, look for cards with no minimum spend and straightforward cashback. If you’re chasing rewards, check the categories, promos, and sign-up bonuses.