Guide to Switching to No-Fee Reward Credit Cards

No-annual-fee reward credit cards are a smart choice for many users, especially those seeking valuable perks without paying yearly charges. Transitioning from your current credit card to one of these options is straightforward, but it's important to consider certain factors beforehand.

Select the Right Card No-fee reward cards come in various categories, including travel, cashback, balance transfers, and gas rewards. Choosing the suitable type ensures you maximize your benefits and points.

For example, if you frequently travel, a travel rewards card offering airline miles can be highly beneficial.

Transfer Your Points Carefully When switching to a no-fee card, check how your existing points are affected. If you stay within the same issuer, your points typically carry over. However, switching providers might result in losing accumulated points, though rewards from co-branded cards generally stay intact.

Check Eligibility Criteria You often need to have held your current card for at least a year to qualify for switching to a no-fee reward card. Other requirements vary by issuer, so verify their specific policies.

Preserve Your Credit Score Instead of canceling your current card and applying for a new one, consider upgrading or switching. This helps maintain your credit history and score, which is vital for future financial needs.

Top No-Fee Reward Cards of 2017

Chase Freedom Unlimited

Bank of America Travel Rewards

Capital One VentureOne Rewards

Amex EveryDay Card

Citi Double Cash

Bank of America Cash Rewards

Before choosing a no-fee reward credit card, review their terms, benefits, and conditions carefully. Don't be swayed solely by promotional offers—consider how well the card aligns with your spending habits for long-term value.