Disclosure: We get a commission for links on the blog. You don’t have to use our links, but we’re very grateful when you do. American Express, Barclaycard, Capital One, Chase, and US Bank are Million Mile Secrets advertising partners. Opinions expressed here are the author's alone, and have not been reviewed, approved or endorsed by our partners. Here’s our Advertiser Disclosure.
Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.
I’ll tell you about your options, and why it’s a good idea to have one!
Cards with NO Annual Fees and NO Foreign Transaction Fees
No annual fee cards are helpful to your credit score because you can keep them long-term to extend the average age of your accounts. And using a card responsibly for years improves your relationship with the bank. Both will help you get approved for new cards!
And cards with NO foreign transaction fees are great to use overseas. Because you can use them in other countries without paying extra for the privilege.
1. Barclaycard Arrival
You won’t pay an annual fee or foreign transaction fees with the Barclaycard Arrival card. And you’ll earn 2 Barclaycard Arrival miles per $1 you spend on travel and dining, and 1 Barclaycard Arrival mile per $1 on all other purchases.
Barclaycard Arrival miles are worth 1 cent each towards travel purchases of $25 or more. And you’ll earn a 5% miles rebate when you redeem miles for travel.
Plus, the Barclaycard Arrival includes chip-and-PIN technology, which makes it a terrific card to have when you’re traveling in Europe! For example, some gas stations in Iceland only accept chip-and-PIN cards.
2. BankAmericard Travel Rewards Card
The BankAmericard Travel Rewards credit card has no annual fee or foreign transaction fees and earns 1.5 points per $1 on every purchase, every time.
You can use the points for flights, hotels, or car rentals. And you’ll get a 10% point bonus with an active Bank of America checking or savings account.
And you can redeem your points as soon as you have $25.
3. Capital One Quicksilver Rewards and Venture One
Link: Capital One Quicksilver Rewards
Link: Capital One Venture One
All Capital One cards have NO foreign transaction fees so you can use them for purchases abroad.
You’ll earn 1.5% cash back on all purchases with the Capital One Quicksilver Rewards. This card also gets you 20% off Uber rides through April 30, 2016.
If you take Uber a lot and want a card with no annual fee or foreign transaction fees, this could be a good option.
And you’ll earn 1.25 points per $1 spent with the Capital One Venture One card when you redeem for travel.
While it has no annual fee and no foreign transaction fees, it’s NOT the best 1 on this list because Capital One pulls your credit from all 3 credit bureaus. Instead you could apply for 3 different cards to get 3 sign-up bonuses!
4. Discover It and Discover It Miles
Link: Discover It
Link: Discover It Miles
Discover is offering offering double cash back for new cardholders after the 1st 12 billing cycles. You can get up to 10% cash back with this card!
The Discover It card has quarterly 5% cash back categories throughout the year, on up to $1,500 in purchases each quarter after you sign-up. You’ll earn 1% cash back on everything else.
If you’re looking for a card with no bonus categories to remember, the Discover It Miles card earns 1.5 miles per $1 spent (worth 1.5% back) on all purchases. And and the end of the 1st year, your miles are doubled.
That said, Discover cards are not as widely accepted as other cards, especially outside the US. So you should always have a backup card.
5. Barclaycard JetBlue
Link: Barclaycard JetBlue
With this card, you’ll earn 3 JetBlue points per $1 you spend on JetBlue purchases, 2 JetBlue points per $1 you spend at restaurants and grocery stores, and 1 JetBlue point per $1 you spend on everything else.
This is a terrific card for folks who like flying JetBlue for their free in-flight Wi-Fi, free snacks, and no blackout dates on award flights.
I’m curious to know which of these cards interest you the most!