No Fee Credit Card
No Fee Credit Card
With so many offers on the market these days, most providers offer a no fee credit card that will not charge you an annual fee. It also used to be possible to get a balance transfer no fee credit card, but lenders have now started implementing a small transfer fee for the privilege of the interest free period. However, you should check the terms of the agreement to ensure you won’t be charged more for something else in replacement of the fee.
Things to consider when looking for a no fee credit card include:
- Are they recouping the fee elsewhere? E.g. in the interest rate.
- Will you be charged more for defaulting on payment or going over your limit?
- Is there an interest free balance transfer period and what is the fee? (They’re usually about 2-2.5%)
- Will you receive a 0% interest period on purchases or is that forsaken for the no annual fee?
Never agree to a credit card without first shopping around and reading the conditions of the agreement. To find the no fee credit card that will best suit your needs, you can use our FREE comparison service by clicking here.
Disclaimer All credit card APRs, features, charges, benefits and other information listed by Fair Investment Company Ltd represent the most recent information available at the time of writing. Every effort is made to keep the site accurate, however we cannot guarantee that a credit card issuer has not increased or decreased one or more of the APRs or fees/charges associated with a particular card or changed its features, obligations or benefits. Please be sure to read the credit card agreement fully and carefully before making any agreement.