If you want to take advantage of point and mile sign-up bonuses but do not want to pay an annual fee, consider applying for a card in which the annual fee is waived the first year. Note, most often, the fee is waived with the standard offer for the card. In many cases with a limited time increased sign-up bonus offer, the first year fee is not waived.
If you do get a card where the fee is waived the first year, when the annual fee is due a year later, you can then weigh your options as to whether you want to keep the card or cancel the card. Sometimes, you can negotiate with the bank and get your annual fee waived again. You can read about my negotiating experiences here. Other times, you need to either pay or cancel. (Can you say Chase?) Canceling a card has a small impact on your credit score as long as other positive financial factors are in place. You can read about the effect of canceling a card on your credit score here. In any case, below I will list cards that have a sign up bonus and the annual fee is waived the first year….
Capital One Spark Miles Business Card-Earn Capital One Spark Miles with the card. Learn More About The Card Here.
American Express Business Green Rewards Card-Earn Membership Rewards points with the card. Learn More About The Card Here
Barclays Arrival Premier World Elite Mastercard-Earn Barclays Arrival Miles with the card. Learn More About The Card Here–Note, this card is no longer available to new card members.
Barclays Arrival Plus World Elite Mastercard-Earn Barclays Arrival Miles with the card. Learn More About The Card Here –Note, this card is no longer available to new card members.
U.S. Bank Business Leverage Visa Signature Card-Earn U.S. Bank Points with the card. Learn More About The Card Here
U.S. Bank Altitude Connect Visa Signature Card-Earn U.S. Bank Points with the card. Learn More About The Card Here
American Express Delta SkyMiles Gold Card-Earn Delta SkyMiles with the card. Learn More About The Card Here.
American Express Delta SkyMiles Gold Business Card-Earn Delta SkyMiles with the card. Learn More About The Card Here.
Chase United Explorer Card-Earn United MileagePlus miles with the card. Learn More About The Card Here.
Chase United MileagePlus Explorer Business Card-Earn United MileagePlus Miles with the card. NO LONGER AVAILABLE TO NEW CARDMEMBERS
Citi Gold AAdvantage World Elite MasterCard-Earn American Airlines AAdvantage miles with the card. Learn More About The Card Here.
Citi AAdvantage Platinum Select World Elite MasterCard-Earn American Airlines AAdvantage miles with the card. Learn More About The Card Here.
CitiBusiness/AAdvantage Platinum Select World MasterCard-Earn American AAdvantage miles with the card. Learn More About The Card Here.
Chase IHG Rewards Club Select Credit Card-EARN IHG Rewards Points with the card. Learn More About The Card Here. NO LONGER AVAILABLE TO NEW CARDMEMBERS