CNN Underscored reviews financial products such as credit cards and bank accounts based on their overall value. We may receive a commission through the LendingTree affiliate network if you apply and are approved for a card, but our reporting is always independent and objective. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

Many people want to shrink their household expenses, and one obvious way to cut costs is to get a no-annual-fee credit card. Fortunately, eliminating the annual fee on your credit card is easier than ever, as competition on the no-annual-fee card front has intensified, and right now there’s a plethora of fee-free cards out there that offer compelling rewards and even sign-up bonuses.

CNN Underscored’s comprehensive credit card methodology compares every aspect of each no-annual-fee credit card to our “benchmark credit card” — the Citi® Double Cash Card — to determine which cards can potentially bring you maximum value in addition to lowering your balances. So check out our list of the best credit cards with no annual fee to decide which one will best fit your needs.

The best no-annual-fee credit cards of 2022

Citi Double Cash Card: Best for flat-rate cash back
Blue Cash Everyday® Card from American Express: Best for groceries
Chase Freedom Flex℠: Best for dining
Citi Rewards+® Card: Best for small purchases
Chase Freedom Unlimited®: Best for flexible rewards
Bilt World Elite Mastercard® Credit Card: Best for renters
U.S. Bank Visa® Platinum Card: Best for 0% interest on purchases
Discover it® Cash Back: Best sign-up bonus
Capital One® VentureOne® Rewards Credit Card: Best no-annual-fee travel card

Why did we select these cards as our best no-annual-fee credit cards for 2022? Dive into the details of each card with us, and see how they stack up.

Citi Double Cash Card: Best for flat-rate cash back

Why it’s great in one sentence: A quick glance at the features of the Citi Double Cash Card makes it clear why it’s our benchmark card: It has no annual fee, so it doesn’t cost you money each year just for the privilege of having it, and it earns 2% cash back on everything — 1% when you make the purchase and another 1% as you pay it off.

This card is right for: People who want a best-in-class return from a no-annual-fee card, with no hoops to jump through or bonus categories to remember.

Highlights:

  • Earn 2% cash back on everything — 1% when you make a purchase and another 1% when you pay it off.
  • 18-month 0% introductory APR on balance transfers (15.49%-25.49% variable afterward).
  • Points are earned in the form of Citi ThankYou points and expert users can transfer the points to travel partners at a ratio of 1 cent per point when combined with the Citi Premier® Card.
  • No annual fee.

Sign-up bonus: None.

What we like about the Citi Double Cash: On top of having no annual fee, the Citi Double Cash has one of the best and most straightforward earning rates across all credit cards. You’ll earn 2% in cash back — 1% when you buy something, and another 1% when you pay it off — on every single purchase you make, with no caps of any kind.

For people who don’t spend a lot of money in a specific bonus category such as dining, groceries or travel, earning flat-rate cash back probably makes the most sense, and there’s really no other major credit card available today that offers as high of an ongoing flat-rate return on every single purchase without an annual fee.

New Citi Double Cash card holders can also take advantage of a 0% introductory APR on balance transfers for 18 months. It’s important to note that after the introductory APR expires, you’ll pay a variable 15.49%-25.49% (depending on your creditworthiness) on the remaining balance, so you’ll want to be sure to either pay off your debt in full or transfer it to another card before the 18 months end.

For most people, using the Citi Double Cash to earn and redeem cash back will be as far as they need to go. But since the cash back you earn with the card comes in the form of Citi ThankYou points — with $1 in cash back equal to 100 ThankYou points — advanced credit card users who also have the Citi Premier card can use those points for travel instead of cash back. That opens up a wider range of redemption possibilities, including transferring them to any of Citi’s airline and hotel transfer partners, that can mean getting even more value for them.

One thing that could be better: You won’t find any bonus categories on the Citi Double Cash, and that’s the downside of simplicity. So if you routinely make a large number of purchases in a particular category, you may find another credit card that offers a bonus for those purchases is a better choice for you.

Why it’s our “benchmark” credit card: The ease of use and straightforward top-of-market cash-back earning rate of the Citi Double Cash are why CNN Underscored currently considers the Double Cash as our “benchmark” credit card. We use it as our benchmark card to compare the features of other credit cards and determine if they’re better or worse overall.

You can read more about our benchmark credit card concept in our credit card methodology guide, or dig into our complete review of the Citi Double Cash.

Learn more and apply now for the Citi Double Cash Card.

Blue Cash Everyday from American Express: Best for groceries

Why it’s great in one sentence: The Blue Cash Everyday card offers a generous introductory interest rate on purchases for 15 months while also earning 3% cash back at US supermarkets (up to $6,000 annually, then 1%) and 2% back at US gas stations, all with no annual fee (see rates and fees).

This card is right for: People who want to temporarily avoid high interest rates on their purchases, but who also spend a significant amount of their budget at US supermarkets and gas stations.

Highlights:

  • Earn 3% cash back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
  • Earn 2% cash back at US gas stations and select U.S. department stores.
  • Earn 1% cash back on everything else.
  • Cash back is earned in the form of reward dollars that can be redeemed as a statement credit.
  • 0% introductory APR on all purchases for the first 15 months (15.49% to 25.49% variable afterward).
  • No annual fee.
  • Terms apply.

Welcome bonus: Earn $200 cash back as a statement credit after you spend $2,000 in purchases on your new card in the first six months after opening the account.

What we like about the Blue Cash Everyday: For many Americans, a significant portion of the monthly family budget goes to supermarket and gas station expenses. The no-annual-fee Blue Cash Everyday card dials up the bonus cash back on those two categories, creating a go-to in your wallet for two routine purchases.

The card also pairs its bonus categories with an introductory 0% APR on purchases for the first 15 months after you open the account, making it a solid choice if you’re trying to make ends meet. But you’ll want to make sure your debt is paid off by the end of the intro period, as the APR jumps to a variable 15.49% to 25.49% afterward.

You’ll also find a nice welcome bonus with a relatively small minimum spending requirement on the Blue Cash Everyday, and even car rental loss and damage insurance, to top off a fairly complete package.

One thing that could be better: Bonus cash back isn’t earned on purchases outside of the US with the Blue Cash Everyday, and there’s a 3% foreign transaction fee on top of that (see rates and fees), so if you expect to travel internationally this year, you might want to consider other options.

You can also earn twice as much cash back at US supermarkets if you’re willing to forgo a few months of the introductory offer on purchases by getting the Blue Cash Preferred® Card from American Express instead of the Blue Cash Everyday.

Although the Blue Cash Preferred comes with a $95 annual fee (see rates and fees), it earns 6% cash back at U.S. supermarkets on up to $6,000 per year (then 1%). The downside is that its introductory offer on purchases runs for only 12 months instead of 15 months.

Where it beats our benchmark card: Welcome bonus, an introductory interest rate on purchases, car rental damage coverage.

Where our benchmark card is better: The Citi Double Cash has an introductory interest rate on balance transfers, and its rewards can be transferred to Citi’s airline and hotel partners when combined with the Citi Premier card.

Learn more about the Blue Cash Everyday Card.

Chase Freedom Flex: Best for dining

Why it’s great in one sentence: Along with a trio of permanent bonus categories that includes an impressive 3% cash back on dining and eligible food delivery services, the no-annual-fee Chase Freedom Flex card earns 5% cash back on up to $1,500 in combined purchases in rotating bonus categories each quarter.

This card is right for: People who want a card that earns bonus cash back both for dining and in rotating categories.

Highlights:

  • Earn 5% cash back on up to $1,500 in combined purchases in rotating bonus categories each quarter.
  • Earn 3% cash back at drugstores and on dining, including eligible food delivery services, and 5% on travel purchases made through Chase Ultimate Rewards.
  • Earn 1% cash back on all other purchases.
  • Cash back can be transferred to airline and hotel travel programs when combined with select Chase Ultimate Rewards cards, such as the Chase Sapphire Preferred® Card.
  • 0% introductory APR on purchases and balance transfers for the first 15 months (15.74%-24.49% variable afterward).
  • No annual fee.

Sign-up bonus: Earn $200 bonus cash back after you spend $500 on purchases in your first three months after opening the account.

What we like about the Chase Freedom Flex: While you might get the Chase Freedom Flex for its sign-up bonus, it’ll likely become a staple in your purse or wallet thanks to its permanent bonus categories that includes 3% cash back on dining and food delivery services, and its perpetual rotating 5% bonus categories on useful purchases like groceries and gas.

The Chase Freedom Flex bonus categories for April through June are Amazon and select streaming services. That means you could earn as much as $75 in bonus cash back just from your regular Amazon shopping or your monthly streaming bills.

Plus, the Chase Freedom Flex grows with you. If you apply for a Chase Sapphire Preferred or Chase Sapphire Reserve® card down the road, you can convert the cash back you earn with the Chase Freedom into Ultimate Rewards points, which can be redeemed for travel at the Chase travel portal, or transferred to Chase’s airline and hotel partners to extract potentially even more value from them.

One thing that could be better: It’s hard to gripe about the Chase Freedom Flex, but you should be mindful of its pesky 3% foreign transaction fee, and the fact that you must remember to activate the bonus categories each quarter in order to earn 5% cash back on them.

Where it beats our benchmark card: Sign-up bonus, introductory rate on purchases for 15 months.

Where our benchmark card is better: The Citi Double Cash has a longer introductory rate on balance transfers.

Learn more and apply now for the Chase Freedom Flex.

Citi Rewards+ Card: Best for small purchases

Why it’s great in one sentence: If you use your credit card for a lot of small purchases — meaning under $10 — then the “round-up” feature of the Citi Rewards+ will earn you extra rewards, and its introductory offer on new purchases can lower your costs if you have to carry debt.

This card is right for: People looking to earn more points for small purchases, while also needing to pay for some expenses over time.

Highlights:

  • Earn 2 ThankYou points for every dollar you spend at supermarkets and gas stations for the first $6,000 per year (1x ThankYou point thereafter).
  • Earn 1 ThankYou point for every dollar on all other purchases.
  • All purchases automatically round up to the nearest 10 points.
  • 10% points back for the first 100,000 points you redeem per year.
  • Points can be transferred to airline and hotel partners when combined with the Citi Premier card.
  • 0% introductory APR for the first 15 months on all purchases and on balance transfers made in the first four months after opening the account (14.99% to 25.99% variable afterward).
  • No annual fee.

Sign-up bonus: Earn 20,000 bonus points after you spend $1,500 in purchases in your first three months, plus for a limited time, earn 5 points for every dollar you spend on air travel and hotels, up to $6,000 in purchases in the first 12 months, then 1 point per dollar thereafter.

What we like about the Citi Rewards+: There are three features of the Citi Rewards+ that make it worthy of consideration. First, the rewards you earn for every purchase made with the card round up to the nearest 10 points. That won’t make a huge difference on expensive items, but a $2 pack of gum earns 10 points instead of 2 points, a 400% improvement. Lots of these little transactions can add up quickly.

Second, when you redeem points, you’ll get 10% of your points back on up to 100,000 points every year. That means if you use 2,500 points to redeem for a $25 gift card, you’ll soon see 250 points back in your account to redeem again down the line. Since you can get up to 10,000 points back each year, that’s effectively up to an extra $100 in points to spend on gift cards.

And third, although the Citi Rewards+ earns points that can be redeemed for gift cards, cash back or through Citi’s Shop with Points program, if you also have a Citi Premier card, you can move your points to it and open up a whole new world of options, including redeeming points for travel down the line or transferring them to Citi’s airline and hotel partners.

One thing that could be better: If you’re not pairing the Citi Rewards+ with one of the premium Citi ThankYou cards, the most value you can get for your points is 1 cent apiece when redeeming for gift cards. If you redeem points for cash back, the value is only 0.5 cents per point, in which case you’d be better off with the flat-rate cash back of our benchmark Citi Double Cash card or one of the other no-annual-fee cards on our list.

Where it beats our benchmark card: Valuable sign-up bonus, 10% points back on redemptions up to 100,000 points per year, 15-month introductory offer on purchases.

Where our benchmark card is better: The Citi Double Cash has a longer introductory interest rate period of 18 months on balance transfers.

Learn more and apply now for the Citi Rewards+ Card.

Chase Freedom Unlimited: Best for flexible rewards

Why it’s great in one sentence: If you’re on the fence about whether you’d prefer to rack up cash back or travel points, the Chase Freedom Unlimited allows you to do both when paired with the Chase Sapphire Preferred or Chase Sapphire Reserve card.

This card is right for: People who want maximum flexibility in a no-annual-fee credit card.

Highlights:

  • Earn 5% cash back on travel purchases made through Chase Ultimate Rewards, 3% on dining and 3% at drugstores.
  • Earn 1.5% cash back on all other purchases.
  • Expert users can convert the cash back to flexible travel points when pairing the Freedom Unlimited with a Chase Sapphire Preferred or Reserve card.
  • 15-month 0% introductory APR on purchases and balance transfers (15.74%-24.49% variable afterward).
  • No annual fee.

Sign-up bonus: Earn an additional 1.5% cash back on everything you buy on up to $20,000 in purchases in the first year after opening the account.

What we like about the Chase Freedom Unlimited: If you prefer cash back now but think that a dose of adventure is in your future, the Chase Freedom Unlimited can give you the best of both worlds.

When you pair the Chase Freedom Unlimited with a premium Ultimate Rewards card such as the Chase Sapphire Preferred or Chase Sapphire Reserve, you can convert your cash back to travel points at a rate of 1 cent per point. Then you’re able to redeem those points for travel at an increased value of 1.25 to 1.5 cents apiece via the Chase travel portal.

Even better, once you’ve converted the cash back to points, you can transfer them to any of Chase’s 14 airline and hotel loyalty partners. This amazing flexibility is why frequent flyer website The Points Guy values Ultimate Rewards points at 2 cents apiece. At that rate, since you’re earning 1.5% cash back on the Freedom Unlimited, you could effectively end up with a 3% return on your purchases.

Chase Freedom Unlimited card holders also earn 5% cash back on travel purchases made via Chase Ultimate Rewards, 3% cash back on dining — including takeout and delivery — and 3% cash back at drugstores, along with 1.5% cash back on all other purchases. Other benefits of the card include purchase protection and extended warranty protection.

One thing that could be better: The 1.5% flat earning rate of the Chase Freedom Unlimited falls short of some other no-annual-fee cards, which top out at 2%. However, the ability to potentially transfer cash back to points might be worth the tradeoff, especially since Chase Ultimate Rewards is one of the better flexible rewards programs, and the bonus categories are icing on the cake.

Where it beats our benchmark card: Sign-up bonus, purchase protections, introductory rate on purchases for 15 months.

Where our benchmark card is better: The Citi Double Cash offers a higher overall cash back rate and a longer introductory rate on balance transfers.

Learn more and apply now for the Chase Freedom Unlimited.

Bilt Mastercard: Best for renters

Why it’s great in one sentence: You can pay your rent without being charged a fee with the Bilt Mastercard and earn rewards for doing it, plus you’ll have access to lots of perks such as cell phone insurance, purchase protection and even Mastercard World Elite benefits, all for no annual fee.

This card is right for: People who want to use a credit card to pay their rent.

Highlights:

  • Earn 3 points for every dollar you spend on dining (including food delivery services), 2 points per dollar on travel when booked directly with an airline, hotel, car rental or cruise company and 1 point per dollar on all other purchases, including up to $50,000 in rent payments per year.
  • Must have a minimum of five transactions per statement period in order to earn any rewards.
  • Points can be redeemed to pay your rent at a rate of 0.55 cents per point.
  • Points can also be transferred to any of Bilt’s 11 airline and hotel partners, including American Airlines, United Airlines, Air Canada, Air France/KLM, Hyatt, IHG and more.
  • No foreign transaction fees.
  • No annual fee.

Sign-up bonus: None.

What we like about the Bilt Mastercard: Rent is one of the biggest expenses for many Americans, and the Bilt Mastercard, which is now issued by Wells Fargo, is one of the only ways to pay your rent with a credit card without getting charged a fee for it. When you use the Bilt card to pay rent through the Bilt app, the company will submit your rent to your landlord on your behalf, even if it requires sending a check through the mail if your landlord doesn’t normally accept electronic payments.

The Bilt Mastercard, which was introduced last June, also earns rewards for the purchases you make — including rent — in the form of Bilt Rewards points, which can be easily redeemed for a discount on your next rent payment or transferred to one of Bilt’s 11 travel partners. The company has put together an impressive roster of airline and hotel loyalty programs, including domestic carriers such as United Airlines and American Airlines, the latter of which doesn’t currently transfer from any other credit card program.

You’ll also find an impressive list of benefits on the Bilt Mastercard, including perks that don’t typically come with cards that have no annual fee. One of the best is complimentary cell phone protection — pay your monthly cell phone bill with your Bilt Mastercard, and the card will cover the cost of repairing or replacing your phone if it gets damaged or stolen, up to $800 per claim and up to two claims per year.

One thing that could be better: It’s important to keep in mind that you must make at least five transactions with the Bilt card each month in order to earn any rewards — if you don’t, you’ll only earn 250 Bilt points for paying your rent that month, regardless of how much you’ve spent on the card. That shouldn’t be a big deal if you’re using the Bilt Mastercard as your primary credit card, but it’s something to consider if you’re hoping to only use the Bilt card for your rent and nothing else.

Where it beats our benchmark card: Ability to pay rent with the card without a fee, cell phone protection, purchase protection, Mastercard World Elite benefits, no foreign transaction fees.

Where our benchmark card is better: The Citi Double Cash has an introductory rate on balance transfers.

Learn more and apply now for the Bilt Mastercard.

U.S. Bank Visa Platinum Card: Best for 0% interest on purchases

Why it’s great in one sentence: For those who’d rather pay no interest on purchases for as long as possible instead of earning cash back or travel rewards, the U.S. Bank Visa Platinum Card offers a 0% APR on all purchases for the first 20 billing cycles you have the card. (The APR rises to a variable 15.99% to 25.99% after the introductory period ends.)

This card is right for: People who need a lengthy period of paying no interest on their purchases.

Highlights:

  • 0% introductory APR on all purchases for the first 20 billing cycles (15.99% to 25.99% variable afterward).
  • 0% introductory APR for 20 billing cycles on balance transfers made in the first 60 days after you open the card (15.99% to 25.99% variable afterward).
  • Cell phone protection.
  • No annual fee.

Sign-up bonus: None.

What we like about the U.S. Bank Visa Platinum: If you need extra time to pay your current bills, 20 billing cycles without interest is exceptional compared with other credit cards, and that long runway enables a peace of mind that you can weather a storm without a looming interest rate hike.

This card also pairs that great introductory interest rate on purchases with an identical offer on balance transfers, so long as they’re made within the first 60 days after you open the card. That means with a high enough credit limit, you can use the U.S. Bank Visa Platinum to consolidate all your debt if you need to.

There’s also an added perk on this card: ongoing cell phone protection. When you pay your cell phone bill with the U.S. Bank Visa Platinum, you’ll be covered for damage or theft to your cell phone up to $600, with a $25 deductible, for up to two claims per 12-month period.

One thing that could be better: The U.S. Bank Visa Platinum isn’t a long-term credit card. It doesn’t earn any rewards at all, doesn’t come with a sign-up bonus and doesn’t have any other significant perks. It has no annual fee but charges a 3% foreign transaction fee, so you definitely won’t want to use it overseas.

In other words, you might consider using it on an ongoing basis to pay your cell phone bill to get the included cell phone protection, but its utility beyond that is limited to the introductory rate period.

Where it beats our benchmark card: An introductory interest rate on purchases, a longer period of 20 billing cycles for no interest on introductory balance transfers, cell phone protection.

Where our benchmark card is better: The Citi Double Cash earns easy-to-redeem cash back on all purchases and has a longer four-month period to complete any introductory balance transfers.

Learn more and apply now for the U.S. Bank Visa Platinum.

Discover it Cash Back: Best sign-up bonus

Why it’s great in one sentence: The cash back match bonus and rotating categories on the Discover it Cash Back card mean you can earn a ton of cash back in the first year you have the card.

This card is right for: People who routinely spend money on groceries, gas stations, wholesale clubs, restaurants, Amazon.com, Walmart.com and Target.com. All of those (and more!) are included in Discover’s rotating bonus categories, enabling you to maximize earnings if you’re strategic about when you spend.

Highlights:

  • Earn 5% cash back in rotating quarterly bonus categories up to $1,500 each quarter (must enroll each quarter to earn 5% cash back).
  • Earn 1% cash back on all other purchases.
  • 0% APR on all purchases for the first 15 months (12.74% to 23.74% variable afterward).
  • 0% introductory APR for 15 months on balance transfers (12.74% to 23.74% variable APR after that) with a 3% intro balance transfer fee until September 10, 2022 and up to 5% fee on future balance transfers (see terms).
  • No foreign transaction fees.
  • No annual fee.

Sign-up bonus: Receive a match of all cash back earned at the end of your first year.

What we like about the Discover it Cash Back: Discover’s rotating cash-back categories are quite useful, and if you don’t mind setting reminders of when to use it (and on what categories), the earnings can really pile up.

The categories for April through June are gas stations and Target, and you can take a look at Discover’s 5% cash back calendar for 2022 to see what the bonus categories will be in later quarters this year.

On top of that, all the cash back you earn on the Discover it Cash Back will be matched at the end of the first year for new cardholders, making this an ideal card to have if you know you’ll be spending a lot on your credit card over the next year. This means those rotating bonus categories are worth 10% in the first year, and all your purchases outside of the bonus categories earn a solid 2% return the first year.

One thing that could be better: You need to manually activate the categories on the Discover it Cash Back each quarter online or by phone before you make purchases in order to earn the bonus cash back. The card also has no travel insurance coverage and no cell phone protection.

Where it beats our benchmark card: No foreign transaction fees and the cash back match in the first year equals the earning rate of the Citi Double Cash for everyday purchases, and beats it in the bonus categories.

Where our benchmark card is better: After the first year when the cash back match bonus ends, the Citi Double Cash earns a higher return on everyday purchases.

Capital One VentureOne Rewards: Best no-annual-fee travel card

Why it’s great in one sentence: One of the few no-annual-fee credit cards with both transfer partners and easy-to-redeem direct redemptions already built in, the Capital One VentureOne features a lower earning rate than its more expensive brother but offers the same solid redemption options.

This card is right for: People who like the features of the Capital One Venture, but are willing to exchange a lower everyday earning rate for no annual fee.

Highlights:

  • Earn 1.25 miles per dollar on all purchases with no limit.
  • Redeem miles for any travel purchase at a rate of 1 cent per mile.
  • Miles can also be transferred to any of Capital One’s 16 airline and hotel partners.
  • 0% introductory APR on all purchases and balance transfers for the first 15 months after opening the account (15.24%-25.24% variable afterward).
  • No foreign transaction fees.
  • No annual fee.

Sign-up bonus: Earn 20,000 bonus miles after spending $500 on purchases in the first three months after opening the account.

What we like about the Capital One VentureOne: Usually when there are two versions of the same credit card — one with an annual fee and another without — you can expect the one with no cost to be a fairly stripped-down offering. But that’s not necessarily the case with the Capital One VentureOne.

Most of the features of the more expensive Capital One Venture remain intact on the VentureOne, including the same 1 cent per mile redemption value when using the card’s “Purchase Eraser” to wipe out any travel charge. The card also has access to the same airline and hotel transfer partners at the same transfer ratios, the same travel and purchase protections, and even the same no foreign transaction fees.

The main two downsides of the VentureOne are a reduced 1.25 miles earned for every dollar you spend (instead of the 2 miles you get on the Venture) and only a 20,000-mile sign-up bonus, albeit with a lower minimum spending requirement of just $500 in purchases in the first three months you have the account. Depending on how much value you can get from these two features, you could consider the VentureOne with no annual fee and most of the best perks.

One thing that could be better: Unless you’re going to take advantage of Capital One’s transfer partners, you’d be better off with our benchmark Citi Double Cash card over the VentureOne. That’s because you’re only earning 1.25 miles per dollar with the Capital One VentureOne, and you only get 1 cent per mile when redeeming them using the “Purchase Eraser,” meaning you’re effectively getting a return of 1.25 cents per dollar spent, while the Citi Double Cash earns 2 cents per dollar spent.

That equation changes if you can utilize the transfer partners, since you can score a higher redemption rate than just 1 cent per mile if you do your homework. But if you’re ready for that more advanced step, you’re probably better off starting with the more powerful Capital One Venture card anyway, since it comes with a bigger sign-up bonus.

Where it beats our benchmark card: Sign-up bonus, purchase protections, travel protections.

Where our benchmark card is better: The Citi Double Cash offers a higher overall cash back rate and a longer introductory rate on balance transfers.

Click here for rates and fees of the Blue Cash Everyday card.
Click here for rates and fees of the Blue Cash Preferred card.

Car rental loss or damage coverage eligibility and benefit level varies by card. Terms, conditions and limitations apply. Visit americanexpress.com/benefitsguide for more details. Car rental loss and damage coverage underwritten by AMEX Assurance Company and offered through American Express Travel Related Services Company, Inc.

Looking for a new credit card but don’t mind paying an annual fee? Check out CNN Underscored’s list of the best credit cards to consider right now.

Get all the latest personal finance deals, news and advice at CNN Underscored Money.