There are various credit card offers out there right now. And you cannot use one for all purposes. Each credit card has a specific need which it should be used for. It could be for shopping, for students, for traveling, for business or even low interest.
We would be focusing on the best credit cards for each of these needs. Click Here to learn how to choose a credit card that suits your needs. We will talking about the best credit card for travel as well as best credit cards for cash backs, best credit card for student and more.
Best Credit Card For Travel
Chase Sapphire Preferred Card Review
- Transfer points to different frequent flier partners at the rate of one point per dollar.
- A signup bonus that could possibly be the best.
There are several reasons why this could be the best credit cards for travel. One of the reasons why we like this card is you are able to earn 50000 bonus points just by using this card. To be eligible for this reward you will need to have used up to $4000 in buying products and services. All this has been to be done within the first 3 months after you have opened your account.
You will get an additional 5000 points when you add the first an authorized user. After which you will have to use the credit card to buy any product or service before you can get your hands on the points. In the first year of using the card, you get charged $0 annual fee which is quite good as most credit cards offer this. However, after the first year, you have to pay an annual fee of $95 just for using the card.
One reason why this is the best credit cards for travel is you do not have to pay any foreign transaction charge. When you redeem your points for at least 3 nights and at most 5 nights in a row you get free night’s stay. You get a whole lot of freebies which include internet for hotels, insurance for travel accidents and much more.
This card is not for you if you do not spend too because you will have to pay $95 annual after the first year. Some might consider this too much. When you use the card for goods you get a low rewards value.
Best Credit Card For Cashbacks
Bank of America Cash Rewards Card Review
- No expiration date on cashback rewards system.
- The lowest amount you can redeem is $25.
For anyone who uses their card often, the Bank of America card is the best credit cards when talking in terms of cashback offers. Why we feel this way is because they offer a kind 3% bonus on your gas related spending. They also grant you a 2% bonus on grocery related spending and a 1% spending bonus on other purchases. So, if you like cash back rewards then this the best credit cards for you.
You will be eligible for signup bonus of $150 if you use up to $500 for 90 days. If you do the math that means you have to spend at most $166.67 each month for 3months. This can be seen as very appealing to most people. The Bank of America card allows you to earn cash back bonuses easily and is very suitable for people who are on a budget. One feature you might not find on every card is that it offers protection against fraud, overdraft and allows online shopping privately using ShopSafe.
Those who use this credit card don’t have to be going through the stress of being worried about their credit card. This is because the reward system is easy to use and with a little ruffle as possible. You can massively increase your reward points as long as you use the card on gas and grocery spending often.
There is a limit on the bonus rewards you get each quarter of the year. This limit stands at $2500 for each quarter. Another de-merit of using the card is that apart from the cash back reward system, you don’t get any other rewards.
Best Credit Card For Balance Transfers and Low-Interest
Discover it 18 Month Balance Transfer Card Review
- 0% interest charge on balance transfer for the first 18months.
- 0% interest charge on purchases you make in the first 6months.
This is seen as one of the best credit cards for balance transfers because they offer a generous introductory on your balance transfers. You also get 0% on all purchases you make using this card. This last for 6 months. Its worthy to note that other balance transfer cards don’t offer you this much bonuses.
However, once the introductory period expires, you get to be charged APR fee. This APR fee ranges from 11.995 to 29.99% and will be based on your credit score. This is because your credit score determines your creditworthiness.
You also get a great signup bonus which offers you a dollar for dollar match. This is only available for the first year of use and uses every cashback you have earned as a factor. With this, you can see why it is the best credit cards for balance transfer. It’s also an option for the best credit cards for low interest.
Why we put this credit card as the best credit card in the balance transfer group is for a number of reasons. Among which is it offers a $0 annual fee payment. This means you don’t have to pay for using the card each year. They also offer a no fees on foreign transactions you use the card to make.
For those who want simple to use credit cards with no hassle then this card might not be for you. You might want to go for cashback card with flat rates. Card acceptance outside the might incur tax or raise some issues.
Best Credit Card For Business
Chase Ink Business Preferred Credit Card Review
- You get a hefty 80000 bonus points as a signup bonus.
- Travel protection in form of insurance for your business.
The is the best credit cards if you are the kind who puts signup bonus as well as business bonuses over other rewards. If you have been thinking about the kind of business card to use to run your business then this card is for you.
This card was created with small businesses in mind. This is because it provides rewards for various groups which are rich and flexible. This makes it the best credit cards for small businesses. There is an annual fee which applies when you are using this card. The annual fee is charged at $95 which can be viewed as being high. It has an APR which ranges from 16.99% to 21.99%.
It offers small businesses insurance on primary car rentals and interruptions. You also get free cards for your employees. This helps you monitor what your employees spend on as you will get alerts on purchases employees make.
You get one of the best signup bonus for business credit cards in the industry. This is why we think Chase Ink Business Preferred Credit Card is the best credit cards for business. You can earn up to a whopping 80000 bonus points once you spend as much as $5000 on spending.
You will only be eligible for the bonus points if the spending is made with the first 3months of use. With these and much more rewards in areas where businesses spend so much, it easily becomes the best credit cards for businesses.
Every credit card has its ups and downs. One of the down of the Chase Ink Business Preferred Credit Card is not every point transfers occur immediately.
Best Credit Card For Students
Discover It For Students Review
- Getting good grades each year makes you eligible for the $20 cash back feature.
- For the first year of using the card, you get double the cash you have earned
The Discover It card for students is the best credit cards for students. This is because it offers a cash back rewards and should you get good grades, a bonus. There is also a feature which lets you turn on and off your card. This feature serves as protection against theft or loss.
It also allows you to build your credit if you have don’t have a credit score or have poor credit. All these at really low fees. They give you $20 cash back reward each year. You are only valid for the cash back reward if you get good grades each year. With all these, students can see why this is the best credit cards out there for them.
Should you miss payments on your card, you will not be charged a late payment fee. However, this is only for the first late payment as subsequent one incurs a fee. After the first no late payment fee, you will be charged a fee up to $37.
There are no annual fees to be paid each year and no foreign transaction fee. You also can use a Discover Freeze It feature to block your card if you lose it or it gets stolen. There are so much more benefits of using this card. That’s why we’ve selected the card as our best credit cards for students.
One drawback of using this card is that it is not accepted internationally. Though they do not charge a foreign transaction fee, we advise you to always travel with a second card.