Update: This article contains mentions of Ink Business Preferred® Credit Card and the Starwood Preferred Guest® Business Credit Card from American Express whose terms have expired and are in the process of being updated. All other offers reflect accurate offer terms. Learn more about the current offers here.
While there are a lot of excellent premium credit cards with high annual fees, you don’t need to spend hundreds of dollars a year to get a card that offers incredible benefits. In this post I’d like to talk about five really rewarding credit cards with annual fees under $100. I’ve chosen these cards for different reasons — some for the long term perks they offer, some for the return on everyday spend they offer, and some for offering both.
In no particular order, here are five of my top picks:
Annual fee: $95
There’s not a more well rounded card out there with an annual fee of under $100. This card offers double points on dining and travel, no foreign transaction fees, primary collision damage waiver coverage on rental cars, and excellent travel protection.
If you wanted just one credit card with a fairly low annual fee, this card would be my pick.
I’m happy I paid with this card when I got rear ended in a rental car
Annual fee: $89
Among premium hotel credit cards, the IHG card has among the lowest annual fees while also offering the most perks. There are a few perks on this card that are most valuable:
- An annual free night certificate valid at any IHG property in the world, costing up to 40,000 points per night
- IHG Platinum status for as long as you have the card
If nothing else, getting a free night at any IHG property in the world just for paying a $89 annual fee is an incredible deal, given that many of their hotels retail for $300+ per night.
Use your annual free night certificate at any IHG property
Annual fee: $95
This is often my go to card for spend I’m in the U.S. While the card has foreign transaction fees and doesn’t offer great travel protection, it’s just about unbeatable for credit card spend within the U.S. The Amex EveryDay Preferred offers:
- 3x points at U.S. supermarkets, up $6,000 per year
- 2x points at U.S. gas stations
- A 50% points bonus when you make at least 30 purchases per billing cycle
That means if you make 30 transactions per billing cycle you earn:
- 4.5x points at U.S. supermarkets
- 3x points at U.S. gas stations
- 1.5x points on everyday purchases
Earn up to 4.5x points at supermarkets
Starwood Preferred Guest® Business Credit Card from American Express
Annual fee: $0 introductory annual fee the first year, then $95
For return on everyday, non-bonused spend, the SPG Amex is tough to beat. The card offers one point per dollar spent, and those are points I value at ~2.2 cents each.
The card also comes with some other perks that really set it apart. For example, just for having this card you receive access to club lounges at Sheraton properties, which is potentially a very valuable perk. So this is a card I find to be worth holding onto long term.
Having this card gets you access to Sheraton club lounges
Annual fee: $95
This is Chase’s brand new business credit card, and offers an incredible return for a business card with such a low annual fee.
Specifically, the card offers 3x points on the first $150,000 spent each account year in combined purchases on travel, shipping, internet, cable and phone services, and advertising purchases made with social media sites and search engines.
Having a business card that earns triple points on all travel categories plus a bunch of other categories that businesses often spend a lot of money in is an incredible rewards structure.
Earn 3x points on travel, including train tickets
There are a lot of great credit cards out there, though the above are five of my favorites with annual fees of under $100 each. As you can see, the reasons I love them vary — the IHG Card offers an annual free night for just $89, while the Chase Sapphire Preferred offers among the most well rounded perks of any card out there. When you consider that some of these even have no foreign transaction fees, their benefits and long-term value can really add up.
What’s your favorite credit card with an annual fee of under $100?