There are many credit cards to choose from. Some cards offer additional security while others provide rewards for everyday spending. Money recently reviewed the top credit cards in order to determine which offer the best value for daily purchases, luxury purchases and business expenses. The Money team then ranked top credit cards based on their various features, to assist consumers in choosing the right card.
No-fee credit cards
No-fee credit card cards are great to help build and rebuild credit. These cards provide more benefits and perks that annual fees. You don't need to devise a complex strategy to offset the annual fees. Before you apply for these cards, make sure you are comfortable with them.
Another card with flexible rewards is the Capital One VentureOne Rewards Credit Card. Transfer your points to 17 hotel and airline partners. VentureOne Rewards Credit Card, like its older sibling offers credit for TSA precheck or Global Entry.
Card for balance transfers that don't charge interest
Balance transfer cards are one of the best ways to pay off a large debt. You can transfer your existing balance to another card with this type of credit card, without paying interest. But, it is best to avoid making new purchases with your new card. You should also make sure you have a repayment plan in place before you apply. This will allow to determine the amount you can afford monthly and the time frame for paying off the balance. There are several credit cards that offer interest-free balance transfers, but you must be aware of the requirements.
You must remember that you may not be able to pay off the entire amount of your balance during the promotional period, which can cost you hundreds of dollars. That is why it is crucial to read the fine print on any promotional offer and ask about consequences if you don't pay off your balance within the promotional period.
No-fee Cash Back Cards
No-annual-fee credit cards are worth looking into if you are in search of a new card. These cards don't typically charge an annual fee but you need to take into account other factors like APR and credit limits. Sometimes, the rewards you get might offset the annual fee.
You have a wide range of options when it comes to cards that offer cashback. Capital One SavorOne is one example. It offers unlimited Cashback Match(tm), flexible rewards redemption, and a welcome offer. Both provide cash back rewards that can double earnings within the first one year.
Balance transfer cards with airmiles
Balance transfer cards are a great way to pay off a balance and earn airmiles. They are very useful for those with large debts that have high interest rates. Many cards offer an annual fee-free option, which can help you to save money. Many cards offer 0% interest rates at the beginning.
Balance transfer cards typically offer 0% APR initial periods. These introductory offers aren't always good, and most of them also apply to purchases. You should also check the fees involved. Typically, credit card companies charge a flat rate of 3% to 5% of the transferred balance. Some cards charge an annual fee.