Finding a good credit card is something that requires some time and effort. This article can help with a quick snapshot of some of the top credit cards on the market. There are hundreds of different cards on offer for consumers in the U.S. Every year, new cards are coming out with new offers, unique reward systems, and more attractive sign-on conditions.
Figuring Out What You Are Looking For
Picking the right credit card can help you boost your credit, get a ready credit line for those rainy days, and earn you exciting rewards and perks. Before you select any one card, you should consider what your main objectives are in selecting a card. You want to ask yourself how often and where you are going to be using the card. You want to think about how you are going to pay for the monthly charges. Figuring out all of these important points ahead of time can help you limit the fees and charges that you might incur. You can boost your credit score and stay clear of APR penalties when you understand the interest rate terms and how they apply to your card usage.
Top Credit Cards to Consider
The following look at some good credit card options is not exhaustive but provides you with some attractive options to consider. For a fuller list of great credit cards and a summary of what is on offer, you can look at this list.
- Chase Sapphire Preferred Card- This credit card from Chase Bank has some of the best rewards offers. It is a great option for the frequent traveler. With this card, you can enjoy 2X points on travel. This also applies to eating in restaurants all around the world. You also get a point for each dollar you use on all other purchases. There is an annual fee of $95, and the interest rate is in the range of 18.24% – 25.24%. Another exciting perk for frequent travelers is that there are no foreign transaction charges associated with the Chase Sapphire Preferred Card. Finally, you get an introductory bonus of 60,000 points when you spend at least $4,000 in the first 3 months of opening this account.
- Discover it® Cash Back- If you are looking for one of the top credit cards with the best cashback deals for everyday spending, then the Discover it Cash Back card is a great option. When you spend money at a number of different places, including grocery stores, restaurants, gas stations, and on Amazon, you can enjoy a very high rate of 5% cash back. You also get a cashback offer of 1% when you make purchases at other locations. As an introductory bonus, Discover offers to match all your cash back rewards for the first year. This card also has no annual fees and has an interest rate in the range of 14.24% – 25.24%.
- Wells Fargo Platinum Visa card- This card has an unbeatable offer if you want interest-free introductory period. In your first 18 months of owning this card, you can enjoy the benefit of 0% APR for purchases and bank transfers. Thereafter, you move to the regular rate in the range of 13.74% – 27.24%. This card also has no annual fee and no reward system.
These were just a few of the top credit cards. Depending on what matters most to you—great rewards, building credit fast, or travel perks—there is something available for you. Once you get the card, you can enjoy all the various benefits when you use it responsibly.