There are many kinds of credit cards. Some offer extra security features while others offer rewards for everyday spending. Money recently compared the top credit cards to determine which one offers the best value for everyday and high-end purchases as well as business expenses. Money then ranked the top credit cards by their features to help consumers choose the right card.
No-fee Credit Cards
Credit cards with no fees are great for improving or rebuilding credit. These cards are more beneficial than those that require an annual fee. Plus, you don't have to come up with a complicated strategy to offset the annual fee. 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 is similar to its older sibling. It also provides credit for TSA Global Entry or TSA Precheck.
Interest-free balance transfer cards
The best way to pay off large amounts is through balance transfer cards. This credit card allows the transfer of your balance to a new account without interest. But, it is best to avoid making new purchases with your new card. Before you apply, you should make sure that you have a repayment plan. This will allow you to decide how much each month you can afford and when you can pay off your balance. You can transfer your balance to several credit cards with interest-free balance transfers. However, you need to be aware of the conditions.
Be aware that you may be unable to pay the entire balance of your promotional offer, which could result in you being charged hundreds of dollars. This is why it is so important to read the fine print and inquire about any consequences if you fail to pay your balance within the promotional period.
No-fee cashback cards
You might be interested in no-annual fee cards if you're looking for a new credit line. These cards don't typically charge an annual fee but you need to take into account other factors like APR and credit limits. You might get rewards as well as the annual fee.
You have a wide range of options when it comes to cards that offer cashback. Capital One SavorOne has a flexible rewards redemption option and an unlimited Cashback Match (tm) welcome bonus. Both reward you with cash back that can double your earnings within the first year.
Balance transfer cards for airmiles
Balance transfer cards are a great way to pay off a balance and earn airmiles. They are especially useful when you have large debts at high interest rates. You may be able to save money by not paying an annual fee for these cards. These cards may also offer 0% introductory interest rates.
Most balance transfer cards offer 0% introductory rates. These introductory offers don't always work and many of them 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. A lot of cards have an annual fee.