There are many options for credit cards. Some offer extra security features while others offer 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. Money then ranked credit cards according to their best features in order to help customers find the right card.
No-fee credit card
No-fee credit cards are great for building or rebuilding your credit. These cards offer more benefits and perks than those that have an annual fee. The annual fee is not a burden. You should make sure that the cards you're applying for are right for your needs before you do.
Capital One VentureOne Credit Card has flexible rewards. It is another card without fees. Your points can be transferred to 17 hotel or airline partners. VentureOne Rewards credit card offers credit for TSA PRECHECK or Global Entry.
Interest-free balance transfer cards
Balance transfer cards are one of the best ways to pay off a large debt. This type of credit card allows you to transfer your balance to a new card without incurring 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 help you determine how much you can afford each month and when the balance can be paid off. There are many credit cards that allow you to transfer balances without interest, but it is important to understand the terms.
It is possible that you won't be able to pay your entire balance off during the promotional period. This can lead to you spending hundreds of dollars. It is important to carefully read any promotional offer. Ask about the consequences if your balance is not paid within the promotional period.
Cash back cards with no fees
You might be interested in no-annual fee cards if you're looking for a new credit line. These cards typically have no annual fee, but you have to consider other factors, such as the card's APR and credit limit. The rewards you receive might offset the annual fees.
You can choose from a variety of cards that offer cash back rewards. Capital One SavorOne for instance offers a flexible rewards redemption process and an unlimited Cashback Match(tm). Both reward you with cash back that can double your earnings within the first year.
Airmiles balance transfer cards
You can use balance transfer cards to pay off your balance and earn airmiles. They are especially useful when you have large debts at high interest rates. These cards are often available with an annual fee-free option that can help you save money. These cards often offer 0% introductory rates.
Many balance transfer cards offer 0% APR for introductory periods. These introductory rates aren't always very attractive and they often apply to purchases. In addition, you should check what kind of fees are involved. Credit card companies typically charge a flat rate between 3% and 5% of the balance transferred. Many cards also have an annual charge.