Best Western and Wyndham have them and have no annual fee. I'm a single, frugal traveler with champagne taste on a beer budget and alternate any trips between lower end hotels (on trips where maybe location isn't a big deal or where I don't require a beach view) like Motel 6, Holiday Inn, and Best Western with higher end ones (mainly booked through Priceline though!). I know Hyatt is probably more higher end (or mid end if you are used to staying at more expensive places!), but it is a fantastic value hotel card IMO if you tend to stay at Hyatt. $75 annual fee (but found a link where there was a $75 credit anyway so first year is free), with 2 free nights at ANY Hyatt (not sure if they expire within a year as I am still waiting to receive the voucher), and 1 night a year in a category 1-4 hotel (I figure I will be spending at least 1 night a year in San Diego as I frequently drive there from LA). With the 1 night a year being "free", it basically already pays for the annual fee.

Also Priceline has a card with no annual fee where you earn 5 points for every $1 spent on Priceline. I don't know if you are someone who needs to know for sure will you will be staying, but this is a pretty good deal if you tend to use Priceline (I use it frequently for hotels).