As we all know, the best credit cards of 2020 present plenty of streamlining opportunities for any financial situation. Thanks to their increased perks and rewards programs, many of these credit cards have become increasingly attractive options with no annual fee. However, there are far more positive benefits to the best credit cards of 2020 no annual fee than just their fee free convenience.

The most obvious advantage of any credit card with no annual fee is the lack of an annual bill. Even if you never take full advantage of the card’s rewards program, you’ll still be saving money each year in the form of not having to pay the standard fee. In some cases, this could be a savings of hundreds of dollars over the course of a year, depending on the card.

Furthermore, many of the best credit cards of 2020 no annual fee offer bonus points earning opportunities that allow savvy shoppers to quickly rack up great rewards. Many of these cards offer bonus rewards for certain purchases, or for simply spending a certain amount within a certain timeframe. This means even more freebies, flights, and travel vouchers available to be collected and redeemed.

Aside from rewards programs, the best credit cards of 2020 no annual fee also typically offer a variety of supplemental benefits. These can range from travel and purchase protection plans, to extended warranties and even fraud protection. All of these additional services can be used to help protect your purchases and balance from any potential liabilities.

Finally, some of the best credit cards of 2020 no annual fee also offer great customer service and debt management tools. This includes working with the card provider to assist with reducing debt balances, or even finding out which debt consolidation options could be best for you. These types of tools and services can help make sure that you’re maximising the potential of your credit card while minimising the potential for financial hardship.

As you can see, the best credit cards of 2020 no annual fee can provide a variety of benefits that go above and beyond the absence of an annual fee. These cards can provide great opportunities for reward program accumulation, additional benefits, customer service and debt management options that make them well worth exploring.