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Contrary to popular beliefs, credit cards can be beneficial if they’re used properly.

The problem is each year, the list of credit cards just keeps getting longer. 

To help you with this dilemma, I’ve researched dozens of the best credit cards for 2021, comparing their APR, perks, and other fundamental data points.

If you’re hunting for the next best credit card, keep reading.

Let’s go!

What Is the Best Credit Card for Starting Out?

 Discover it® Secured Credit Card

  • Rewards: 5% cashback on travels, 2% for restaurants (including takeouts) and gas stations, and an unlimited 1% on all other purchases.
  • Welcome bonus: Although it does not offer a welcome bonus, it’s $200-worth of cashback for a minimum $500 purchase during your first three months, which indeed doubles any rewards.
  • Annual fee: $0
  • Regular APR: 22.99% variable
  • Promo APR: 10.99% intro APR on balance transfer for six months
  • Foreign transaction fee: 0%
  • Balance transfer fee: 3% intro balance transfer fee
  • Credit Requirements: Poor credit (300-629 credit score)

Overview

The Discover Secured Card requires a minimum $200 deposit.

Unlike most of its competitors, it offers 5% cashback on your travels, another 2% cashback for your restaurant and gas purchases. 

 You’ll receive 1% cashback for all your other purchases.

Despite the Discover Secured Card not having a cash or point sign-up bonus, it makes up for this through other perks.

Upon reaching a $500 purchase using your card in its first three months, you can get $200 worth of cashback. 

There’s also no annual fee!

You’ll also receive a cash-back match at the end of your first year. 

So, if you are looking at an earned $200 reward, you’ll get a $400 — no minimum or maximum spending! 

This card will give you startup credit card perks and help you build an excellent credit history.

To apply, you will need to be 18-70 years old. Have a Social security number, a US address, bank account, and fill out its online application accurately. 

Best Credit Cards With No Annual Fee 

Amazon Prime Rewards Visa Signature Card

amazon prime rewards visa signature card
  • Rewards: 5% cashback for Amazon purchases, 2% for drugstores, gas stations, restaurant purchases, and 1% for all other purchases.
  • Welcome bonus: A $100 worth of gift card, offered through Chase, can be instantly earned as a welcome bonus for every new customer. 
  • Annual fee: $0
  • Regular APR: 14.24%-22.24% variable
  • Promo APR: none
  • Foreign transaction fee: none
  • Balance transfer fee: 5% for a minimum of $5
  • Credit Requirements: Good-Excellent credit (690-850 credit score)

Overview

If you are an avid Amazon shopper, this prime rewards card is a perfect match.

There is no annual fee. 

However, the only downside is that you’ll have to pay Amazon Prime membership to sign up for this card.

Its 5% cashback for all Amazon purchases will surely suit your needs, especially if you are an extensive shopper on their website. 

It also offers a 2% cashback for drugstores, gas stations, restaurant purchases and 1% for all your other purchases. 

When you sign up for an Amazon Prime Rewards Card, you can also get a $100 worth of gift card offered through Chase.

Other than its free annual fee, it doesn’t charge any foreign transaction fees either. 

Besides the cashback, you can also buy Amazon purchases without paying high or any interest rate at all. 

This is undoubtedly one of the best cards any Amazon Premium members or avid consumers could want.

To sign up or open an account, visit Amazon for more details.

Capital One Quicksilver Card

capital one quicksilver card
  • Rewards: Earn an unlimited 1.5% cashback on your daily purchase. 
  • Welcome bonus: Earn a welcome cash bonus of $200 once you spend a minimum of $500 on your first three months upon account opening.
  • Annual fee: $0
  • Regular APR: 15.49%-25.49% variable
  • Promo APR: 0% intro APR on purchase for 15 months
  • Foreign transaction fee: $0
  • Balance transfer fee: 3% fee on the amount transferred within the first 15 months
  • Credit Requirements: Good-Excellent credit (690-850 credit score)

Pros and Cons

Another rewards card pioneer is Capital One Quicksilver Card, which offers an unlimited 1.5% cashback on all your purchases with no required minimum amount. 

It doesn’t charge any annual fee and has no foreign transaction fees.

The only setback with this card is that it does not offer bonus rewards and its 0% period is shorter than other competitors. 

 Rewards for the Capital One Quicksilver card don’t expire; claim it anywhere, anytime. You can even claim it through PayPal and use it on other eligible stores online.

Some security features include a card lock if your card is reported lost, stolen, or misplaced. You’ll also receive alerts for any credit changes so any potential theft or unexpected threats can be easily prevented.

Although it is marketed for people with good to excellent credit card ratings, it is reasonably fair for covering most of your needs.

If you are interested in opening your own Capital One Quicksilver Card, you can visit their website to learn more about it.

Wells Fargo Propel American Express® Card

wells fargo propel american express card
  • Rewards: Get a $200 cash redemption value for $1000 worth of purchase spent within your first three months upon opening. You can also earn up to 3x rewards points on several spending categories, such as restaurants.
  • Welcome bonus: New cardholders will receive a sign-up bonus worth $200 cash when you spend $1000 for your first 3-month purchases.
  • Annual fee: none
  • Regular APR: 14.49%-24.99% variable APR
  • Promo APR: 0% intro APR for 12 months from account opening
  • Foreign transaction fee: none
  • Balance transfer fee: 3%-5% fee with a minimum of $5
  • Credit Requirements: Good-Excellent credit (690-850 credit score)

Overview

Points earned with your Wells Fargo Propel American Express® Card don’t have an expiration date. 

There’s a $200 sign-up bonus when you get to spend $1000 on your first three months of card purchase. 

This card has an intro APR period while others don’t. And get up to 3X rewards points on some select purchases.

Although it doesn’t come with lucrative travel and grocery discounts and rewards (which most people spend a lot with), it offers several other benefits that are just as important. 

Best Credit Cards for Low APR That You Are Unaware Of

Costco Anywhere Visa® Card by Citi

costco anywhere visa card
  • Rewards: Earn 4% cashback on select gas stations for your first $7000 spend per year and 1% after that. Earn  3% on restaurants, and eligible travels, then 2% for Costco.com purchases, and finally, 1% for all other purchases.
  • Welcome bonus: Costco Anywhere Visa® Card by Citi currently doesn’t offer any signing up rewards to its customers.
  • Annual fee: It has $0 annual fees, but customers must have a paid Costco membership.
  • Regular APR: 15.24% variable on balance transfers and purchases
  • Promo APR: none
  • Foreign transaction fee: none
  • Balance transfer fee: 3%-5% of the amount for every transfer
  • Credit Requirements: Excellent credit (720-850 credit score)

Overview

Costco Anywhere Visa® Card by Citi is a generous reward and credit card that offers a low APR variable of 15.24%. 

It also has excellent rewards programs where users can earn a 4% cashback on eligible gas stations for up to $7000 during the first year and 1% after that. 

This is an excellent option for frequent travelers because other than its rewards, it also offers worldwide travel insurance and emergency help. 

There are no foreign transaction fees for purchases made outside the United States, so another great way to save up.

While it indeed has many rewards and perks, it doesn’t earn the highest cashback rate, and its rewards may only be collected once a year. 

And while it has no annual fee, you’ll have to be a Costco member to have your own Costco Anywhere Visa® Card. 

It is an intelligent choice for existing Costco members.

PenFed Platinum Rewards Visa Signature® Card

penfed platinum rewards visa signature card
  • Rewards: Earn as much as 5X points on gas, 3X on groceries, and unlimited rewards for other purchases.
  • Welcome bonus: It comes with a $100 sign-up bonus for every $1500 purchase within the first three months of opening an account.
  • Annual fee: $0
  • Regular APR: 13.49-17.99% variable APR
  • Promo APR: 0% promotional APR for the introductory period on balance transfers
  • Foreign transaction fee: none
  • Balance transfer fee: 3% balance transfer fee per transaction 
  • Credit Requirements: Excellent credit (720-850 credit score)

Overview

The PenFed Platinum Rewards Visa Signature® Card offers a purchase variable rate of 13.49%.

It won’t just help you with your daily purchases, but with your travel and shopping redemptions as well. 

It comes with enhanced security services to help its users avoid fraud or theft threats. 

Enjoy rewards with no worries!

It offers 5 points per dollar spent on select gas stations, 3 points per dollar for groceries, and 1 point per dollar for all other purchases. 

Have time to redeem a $100 sign-up bonus upon reaching $1500 worth of investment on your first three months of account opening. 

However, the downside is that you’ll have to be a PenFed member before you can get the card and its redemption options are also limited.

While most of its competitors don’t have an expiration date, PenFed’s rewards card points expire after five years. These are just minor problems, which its perks make up for. 

If you want to find more information, you can visit PenFed’s website for the details.

Titanium Rewards Visa® Signature Card from Andrews Federal Credit Union

titanium rewards visa® signature card from andrews federal credit union homepage
  • Rewards: You can get 3X points on both grocery and gas purchases and 1.5X on all other purchases.
  • Welcome bonus: Earn 10,000 points worth signing up bonus when you spend $1500 on your first three months upon membership.
  • Annual fee: $0 but requires a Credit Union membership (free)
  • Regular APR: 8.49%-15.49% variable
  • Promo APR: none
  • Foreign transaction fee: none
  • Balance transfer fee: 1.50% balance transfer for a minimum of $50
  • Credit Requirements: Good-Excellent credit (690-850 credit score)

Overview

This card has a very low starting APR of 8.49%, capped at 15.49%, recommended to people with a month-to-month credit card balance. 

Undoubtedly a more substantial offer than most of its competitors out there. If you qualify, you’ll also get to enjoy significant rewards.

You can get a 3 points bonus for every dollar spent on groceries and select gas stations for its rewards system. 

Another 1.5 points for every dollar spent on all other purchases and a 10,000 signing bonus when you spend $1500 within your first three months of account opening. 

However, it requires a Credit Union membership (it’s free, though), and it doesn’t come with special financing on your balance transfer or purchases.

This card is free for any foreign transactions, which will help you save up for most of your travels. 

To join and quality, simply visit their link for more info.

Best Credit Card Deals You Must Take Advantage From

Hilton Honors Aspire Card from American Express

hilton honors aspire card from american express
  • Rewards: 14X points on hotels and resorts bookings under Hilton’s portfolio, 7X on select travels, restaurants, and 3X points for each dollar spent on all other purchases.
  • Welcome bonus: Get 150,000 Hilton points for your first $4000 spend upon opening an account. Though $4000 sounds too much, the welcome bonus is worth almost $1000 and is undoubtedly a lucrative value compared to other signing up bonuses.
  • Annual fee: $450
  • Regular APR: 15.74%-24.74% variable APR on purchases
  • Promo APR: 0% promotional APR on all purchases
  • Foreign transaction fee: none
  • Balance transfer fee: none
  • Credit Requirements: Excellent credit (720-850 credit score)

Overview

If you are looking for a high-yield and overall worth-it card, Hilton Honors Aspire Card from American Express is undoubtedly worth considering. 

Despite having a  $450 annual fee and a high APR, its offers will offset its costs. 

You can enjoy a lot of perks and priority passes just by having this card.

You can earn 14X Hilton honors bonus points on any eligible hotels and resorts bookings. 

And higher than its competitors, you’ll get to earn 7X Hilton honor points on select travels, restaurants, and 3X for every dollar of all your other purchases. 

Also, get 150,000 Hilton points for your first $4000 spend during your first three months upon account opening.

The card’s ability to expand your rewards and enjoy deals is endless. You won’t have to worry about foreign transaction fees and card protection from high-yield rewards and points. It’s a great deal and a win-win card!

Delta SkyMiles® Reserve American Express Card

delta skymiles reserve american express card
  • Rewards: Earn 3 miles and 1 mile for every dollar spent on Delta purchases plus all other eligible purchases.
  • Welcome bonus: Get 80,000 miles as a bonus and 20,000 medallion miles after your first $5000 purchase within three months upon opening an account.
  • Annual fee: $550
  • Regular APR: 15.74%-24.74% variable APR
  • Promo APR: none
  • Foreign transaction fee: none
  • Balance transfer fee: none
  • Credit Requirements: Good-Excellent credit (690-850 credit score)

Overview

If you spend a lot on your travels or just purely love to travel every once in a while, then Delta SkyMiles® Reserve American Express Card is the way to go. 

You can take advantage of its perks, especially when you frequent Delta airlines. Not only will you get travel discounts, but you’ll also get bonus points for your purchases.

This American Express and Delta Airlines partnership brings you a great rewards system where you can earn 3 miles per dollar spent on Delta purchases and 1 mile for every dollar spent on all other purchases. 

You can also get 80,000 miles welcome bonus and 20,000 medallion miles for your first $5000 purchase in 3 months upon account opening.

Despite its high annual fee of $550, its redeemable miles can even be used for a first-class round-trip ticket, which is a clear-cut deal. 

You can check out their website for more details.

United Club℠ Infinite Card

united club infinite card
  • Rewards: Earn 4 miles for every dollar spent with United Airlines, 2 miles for every dollar spent on select travels, restaurants, and other eligible delivery services. Plus, get a 1 mile per dollar for all other purchases.
  • Welcome bonus: Get 75,000 bonus miles after your first $3000 purchases in your first three months upon opening an account.
  • Annual fee: $525
  • Regular APR: 16.49%-23.49% variable APR
  • Promo APR: $0 promotional APR on the first year, then   $95 after that
  • Foreign transaction fee: $0
  • Balance transfer fee: Either $5 or 5% on every amount, whichever is greater.
  • Credit Requirements: Good-Excellent credit (690-850 credit score)

Overview 

Earn an unlimited pass to airport lounges at a discounted price, along with free rewards programs. 

This relatively good bargain card offers sped-up airport ease and access rewards—definitely an excellent choice for United Airlines club members and other people who love to travel.

Despite its annual $525 fee, the premium experience that comes with it makes it a great deal. 

Of course, it also offers rewards of 4 miles for every dollar spent under United Airlines. 

It also has 2 miles for every dollar spent on select restaurants, travel, and delivery services and 1 mile for all other purchases.

If United Airlines is your go-to and you love traveling, then this card might suit you, given its perks and premium deals. 

But if you are still having second thoughts, you can visit their site to view its rates, fees, and detailed offers.

Best Travel Credit Cards of 2021 You Must Have Before Travelling

Amazon Prime Rewards Visa Signature Card

  • Rewards: earn a 5% cashback for Amazon purchases and 2% for drugstores, gas stations, and restaurant purchases.
  • Welcome bonus: A $100 worth of gift card, offered through Chase, can be instantly earned as a welcome bonus for every new customer. 
  • Annual fee: $0
  • Regular APR: 14.24%-22.24% variable
  • Promo APR: none
  • Foreign transaction fee: none
  • Balance transfer fee: 5% for a minimum of $5
  • Credit Requirements: Good-Excellent credit (690-850 credit score)

Overview

If you are an avid Amazon shopper, then this prime rewards card is meant for you! 

It doesn’t charge an annual fee at all; it’s free.

However, the only downside is that you’ll have to pay Amazon Prime membership to sign up for this card.

Its 5% cashback for all Amazon purchases will surely suit your needs, especially if you are an extensive shopper on their website. 

It also offers a 2% cashback for drugstores, gas stations, restaurant purchases and 1% for all your other purchases. 

When you sign up for an Amazon Prime Rewards Card, you can also get a $100 worth of gift card offered through Chase.

Other than its free annual fee, it doesn’t charge any foreign transaction fees either. Besides the cashback, you can also buy Amazon purchases without paying high or any interest rate at all. 

This is undoubtedly one of the best cards any Amazon Premium members or avid consumers could want.

To sign up or open an account, visit Amazon for more details.

Capital One® Venture® Rewards Credit Card

capital one venture rewards credit card
  • Rewards:  Earn 5X miles on car rentals and booking made through Capital One Travel.  Plus 2X miles for every dollar spent on all other purchases.
  • Welcome bonus: Get 60,000 bonus miles within your first three months upon reaching a minimum $3000 purchase of account opening.
  • Annual fee: $95
  • Regular APR: 17.24%-24.49% APR variable on balance transfers and purchases.
  • Promo APR: 3%
  • Foreign transaction fee: none
  • Balance transfer fee: none
  • Credit Requirements: Good-Excellent credit (690-850 credit score)

Overview

Unlike most of its competitors, this travel-worthy card also gives back high-yield rewards and discounts to its users. 

Capital One® Venture® Rewards Credit Card offers 5X miles on your car rentals and bookings made through Capital One Travel. 

Besides that, you can earn 2X miles (yes, 2X, not 1) for every dollar spent on all other purchases!

Other than its generous rewards, it is 60,000 bonus miles within your first three months upon reaching a minimum $3000 purchase of account opening is also a great perk. 

Though it has a $95 annual fee and does not offer any promo APR, it indeed proves itself a competitive card, especially for seekers of high travel rewards. 

If you’d like to take advantage of its travel perks, you can visit their site for detailed information.

Chase Sapphire Preferred® Card

chase sapphire preferred card
  • Rewards: Earn 2X points on restaurant dine-ins, eligible delivery services, travels, and another 1 point for every dollar spent on other purchases. Plus, get 25% more value for every hotel, car rentals, airfares, and cruises booked with Chase Ultimate Rewards.
  • Welcome bonus: Get 80,000 bonus points for your first $4000 purchase during your first three months upon account opening.
  • Annual fee: $95
  • Regular APR: 15.99%-22.99% APR variable.
  • Promo APR: none
  • Foreign transaction fee: none
  • Balance transfer fee: none
  • Credit Requirements: Good-Excellent credit (690-850 credit score)

Overview

With a similar annual fee as the Capital One card, this travel card can be considered a great contender for its perks. 

With 2X points rewards on restaurant dine-ins, eligible delivery services, travels, and another 1 point for every dollar spent on other purchases. 

And an additional 25% more value for every hotel, car rentals, airfares, and cruises booked with Chase Ultimate Rewards.

The Chase Sapphire Preferred® Card has no APR as well, but that’s okay; you can earn 80,000 bonus points for your first $4000 purchase in your first three months from opening an account. 

It is a “preferred” card for a reason, and sure thing, it speaks for itself! 

This card will help you earn while enjoying your travels and experiencing its premium perks too.

Best Credit Cards That College Students Can Use

Discover it® Student Cashback

discover it student cashback card
  • Rewards: Earn a 5% cashback on all restaurants, Amazon, grocery, and gas station purchases during the school year. Plus, you are also eligible for another 1% for all of your other assets.
  • Welcome bonus: Upon quarterly activation, you can get a 5% cashback
  • Annual fee: $0
  • Regular APR: 12.99-21.99% APR variable.
  • Promo APR: 0%
  • Foreign transaction fee: none
  • Balance transfer fee: 10.99% APR on balance transfers
  • Credit Requirements: Average credit (630-689 credit score)

Pros and Cons

While many cards on the list require users to have a good to excellent credit rating, this card is undoubtedly student-friendly. 

It is very considerate of credit scores and accepts an average credit score that can cater to most college students. 

Though it is hard to use outside the US and its rewards require quarterly activation in line with college and university quarters, it can still be considered an excellent choice for college students.

It offers a 5% cashback on all restaurants, Amazon, grocery, and gas station purchases during the school year plus, you are also eligible for another 1% for all of your other assets. 

It even gives a $20 bonus if your grade is 3.0 GPA higher for up to five years. Upon quarterly activation, you can get 5% cashback too!

Though there are many stigmata surrounding credit cards, these card features are of particular interest, especially to college students. 

For more information on this card, you can visit this link.

Bank of America® Travel Rewards credit card for Students

bank of america travel rewards credit card
  • Rewards: Get an unlimited 1.5 points for every $1 spent on purchases.
  • Welcome bonus: You can instantly claim 25,000 points for your first $1000 purchase during your first three months upon account opening. 
  • Annual fee: none
  • Regular APR: 13.99%-23.99%
  • Promo APR: 0%
  • Foreign transaction fee: none
  • Balance transfer fee: 3% for each transaction with a minimum amount of $10 transfer
  • Credit Requirements: Good-Excellent credit (690-850 credit score)

Overview

Though this card is not for balance transfers and requires higher credit requirements than most student cards on the list, it has glorious rewards potential and credit opportunities. 

You can get an unlimited 1.5 points for every $1 spent on purchases and an instant 25,000 points for your first $1000 purchase upon the first three months of account opening.

If you are a student that appreciates travel rewards just as much as you understand its other purchase bonuses, the Bank of America® Travel Rewards credit card for Students is just the right card for you. 

Despite its high balance transfer fees per transaction and no intro APR offers, its easy welcome bonus, unlimited points, and flexible rewards for redemption, especially on travels, makes it an optimal choice.

Discover it® Student Chrome

discover it student chrome card
  • Rewards: Get a 2% cashback on their first $1000 quarterly purchase in restaurants and gas stations. It also offers a 1% cashback for all your other purchases.
  • Welcome bonus: The card will automatically match an unlimited cash back earned at the end of your first year upon account opening. So if you made at least $50, you’d get another $50.
  • Annual fee: $0
  • Regular APR: 12.99%-21.99% APR variable.
  • Promo APR: 0%
  • Foreign transaction fee: none
  • Balance transfer fee: 10.99% APR
  • Credit Requirements: Average credit (630-689 credit score)

Overview 

The Discover it Student chrome is a simple and great choice offering a 2% cashback at restaurants and gas stations and 1% for all other purchases. 

It also offers unlimited money back at the end of the user’s first year and is automatically matched.

While there’s no FICO history required for this card, it is still necessary for you to show proof of independent income when applying to be eligible. 

And though it offers comparatively lower rewards than its competitors, it’s a glorious thing that it doesn’t charge an annual fee.

It also offers the same bonus where students can earn a $20 statement credit every year for a GPA equal to 3.0 or higher. 

Very sleek, simple, and easy to manage credit cards. Suitable for every busy student.

Best Balance Transfer Credit Cards of 2021

capital one quicksilver card

Capital One Quicksilver

  • Rewards: Earn an unlimited 1.5% cashback on your daily purchases
  • Welcome bonus: With this card, you can earn a $200 cash bonus upon spending $500 within three months from opening an account.
  • Annual fee: $0
  • Regular APR: 15.49%-25.49% variable APR
  • Promo APR: 0% for the first 15 months
  • Foreign transaction fee: none
  • Balance transfer fee: 4%
  • Credit Requirements: Good-Excellent credit (690-850 credit score)

Pros and Cons

Another rewards card pioneer is Capital One Quicksilver Card, which offers an unlimited 1.5% cashback on all your purchases with no required minimum amount. 

Its high rewards and easy redemptions put it on top of its game. It also doesn’t charge any annual fee and has no foreign transaction fees.

The only setback with this card is that it does not offer bonus rewards and its 0% period is briefer paying than itself, other competitors. 

It’s a wise move as its rewards don’t expire; claim it anywhere, anytime. You can even claim it through PayPal and use it on other eligible stores online.

You can also sleep well knowing that your card is in expert hands as it features a card lock if it’s reported lost, stolen, or misplaced. 

It also sends alerts for any credit changes, so any potential theft or unexpected threats can be easily prevented. 

Although it is marketed for people with good to excellent credit card ratings, it is reasonably fair for covering most of your needs.

If you are interested in opening your own Capital One Quicksilver Card, you can visit their website to learn more about it.

Discover it® Balance Transfer 

discover it® balance transfer homepage
  • Rewards: Earn up to 5% cashback for your gas, grocery, and Amazon purchases and 1% on all other purchases. The best part about Discover it® Balance Transfer rewards is that it never expires; you can use it anytime.
  • Welcome bonus: For its welcome bonus, you can get an unlimited cashback match. You could automatically earn your rewards at the end of your first year and turn $50 into $100.
  • Annual fee: $0
  • Regular APR: 11.99%-22.99% variable APR
  • Promo APR: 0%
  • Foreign transaction fee: none
  • Balance transfer fee: 3%-5% transfer fee
  • Credit Requirements: Good-Excellent credit (690-850 credit score)

Pros and Cons

This card is another solid choice with a low balance transfer fee. 

It gives ample time for its users to pay their credit balances while providing rewards and cashback to enjoy. 

You can earn up to 5% cashback for your gas, groceries, and Amazon.com purchases, then 1% on all your other purchases.

Redeem cash back anytime, with no limits. Another good thing is that they don’t expire. 

Though it comes with slight cons, such as its less merchant acceptance outside of the US, all other eligible foreign transaction fees are free. 

To see its other features, visit this link for more details.

What Is the Best Time to Get a Credit Card?

If you are having second thoughts about getting your credit card because of all the stigma surrounding it, consider the following factors: 

Credit Score

Most credit cards require their users to have a good to excellent credit rating  (690-850 credit score) before account opening. 

This eligibility signifies that the account holder is responsible enough to pay his or her previous credits. 

The higher your credit scores are, the more chances you have of opening an account and getting favorable rewards and potential bonuses upon signing up.

Debt Situation

Of course, before getting into another debt pit, you’ll also have to consider your existing debt situation. 

This will tell you whether it is the right time to get that credit card you’ve been eyeing finally. If you are currently struggling with debt, think twice about opening a new line of struggle. 

But if you have settled all your previous debts or have manageable existing debt, then you are free to take it as a signal.

Spending Habits

The stigma that comes with most credit cards is not because the card offers itself but also to the users. 

Most people cannot budget, pay credits on time and buy on impulse — projecting their bad spending habits on a credit card. 

But if you maintain a good spending habit, pay your credits on time and live on a strict but reasonable budget, then you may start opting for a credit card.

What Is the Best All-Around Credit Card? 

In choosing which is the best card for your needs, you’ll have to figure out the purpose first. 

Be wise in deciding what type of card to pick. 

Any card could be your best all-around credit card — but then there’s an excellent card for travels, for students, low APR cards, and best balance transfer cards, among many others. 

To give you an overview, here are some factors in considering what might be your best all-around credit card:

Pay Off Debt with Balance Transfers

Balance transfers are one of the key reasons people are getting credit cards. 

They want to pay debts each month, and some are even interest-free. 

In addition, it may be an excellent way to pay off debt with a minimum due each month so that it won’t come off heavily on your finances.

Travel

If you want to maximize your travel expenses and earn rewards on every trip, then getting a travel rewards credit card might be your best bet. 

Most travel credit cards offer travel benefits such as lounge access, earned mileage for free travels, redeemable gift cards, and many more!

Credit Score

Most credit cards require their users to have a good to excellent credit rating (690-850 credit score) before account opening. 

This eligibility signifies that the account holder is responsible enough to pay his or her previous credits. 

The higher your credit scores are, the more chances you have of opening an account and getting favorable rewards and potential bonuses upon signing up.

Rewards

Rewards that most credit cards offer lets you have cash backs and bonus points, which can help you save and earn in the long run. 

You can use it for your grocery, drugstore, restaurant, and gas purchases.

Loyalty Programs to specific Airline or Hotel Chain

An airline loyalty program credit card or hotel loyalty card allows users to earn perks and even miles for flight and travel perks. 

You can get the best out of your travels mile by mile, especially if you are a frequent traveler with this type of card.

How to Get Approved for a Credit Card? 

Getting a credit card isn’t as easy as it seems; it’s, in fact, a rigorous process. 

But, with hard work and a game plan, you can make it happen. Here are some things to consider:

Review Your Credit Score

Credit card companies also have their own set of criteria that applicants must first meet. 

If you want to get approved for a credit card, other than being of legal age, make sure you have an excellent credit history. 

An ideal credit score would be between 690-850, and the better your credit scores, the more chances you have of being approved. 

Have Information Ready

Aside from the criteria, make sure that you have the technical requirements to get approved. 

Typically, it will ask for your name, date of birth, employment status, social security number, address, and total annual income.

Check Pre-Qualified Offers You Get via Mail or Email

To see if you are pre-qualified for credit card offers, you can check your email or mail invitations. 

These targeted offers might come to you before you could even apply, and it’s essential to read the proposal and inquire for more info about the credit company. 

If you are already pre-approved, there’s a good chance of getting approved once you decide to apply for a credit card.

The Basic Criteria of Ranking Credit Cards

Upon comparing several credit cards on the list, I’ve ranked them according to the following criteria: Annual fees, APR, rewards, foreign fees, and credit required.

To make things easier, I then ranked them using a weighted average. For example, annual fees and perks were weighed at 30%, APY at 20%, and foreign fees and credit needed at 10%.

This helps rank credit cards in an unbiased manner.

Think Carefully Before You Decide to Get Your Own Credit Card

Using a credit card as a tool for building a good credit score and becoming wiser with your purchases is a smart choice.

The list in this article provides a full grasp of the best credit card choices to choose from. 

However, even the best credit card for you can still do damage if it’s not used correctly.

Think carefully about how you can use your credit card to help you reach your financial goals. Review this list again and choose the credit card that makes the most sense to you.

Then, use your credit card cautiously and avoid getting buried in debt. 

If you play your cards right, you’ll reap all your new credit card rewards and be one step closer to reaching financial freedom!

FAQS

What Is the Best Credit Card to Transfer the Balance? 

If you manage debts and open a credit card to help you manage these balances, Capital One® Quicksilver Credit Card is a brilliant choice. 

With its 0% interest rate for a limited time, you can already complete your balances without charging the extra dollar.

How to Get the Best Credit Card Offers?

Find cards that offer a range of benefits suitable to your needs to get the best credit card offers. 

If you are a thrifty but frequent traveler, getting a travel credit card or an Airline loyalty card would offer you the best potential rewards and cash backs. 

Analyze your spending habits, and from there, it will be easier to pick the top-notch credit card offers.

If you want credit card companies knocking at your door, ensure you do everything on your part to boost your credit score.

How Many Credit Cards Should I Have?

The amount of credit you can have depends on your credit score and your overall financial qualifications. 

You can also have a separate credit card for your balance transfers and travel and dining purchases. 

However, you still have to take note that having more credit cards means having more credit liabilities.

If you can pull off one credit card with a great credit score, then it’s evidence that you are good at managing your finances and could get yourself another card. 

The point is, no matter how many credit cards you will have, as long as you’re making wise decisions, there’s no limit.

What Credit Score Do You Need to Get a Top Credit Card?

Typically, top credit card companies require their users to have a good to excellent credit score to be approved. 

The 680-729 range is the perfect score for being approved for a credit card application.

How Do Credit Cards Work?

Credit cards let you borrow money, which you can pay partially for a period. 

A credit card can be a win-win for you. 

Besides offering bonuses and rewards, they can also help you save from not having to pay any interest if your balances are paid in full before your next billing cycle.

However, be sure not to use credit cards as a substitute when you don’t have money. 

You’ll get further into debt and delay your retirement goals.

How Does Credit Card Interest Work?

Credit card companies charge an interest rate to profit (though some offer a low APR or annual percentage rate). 

Interest rates are charged on your monthly credit card billings and are calculated on your principal purchase.

Paying a small interest rate can be a win-win.

How?

If you have an emergency and need to borrow $100 but don’t want to dip in your savings, you can leverage your credit card if you know you’ll be able to pay this amount within the next few days.

Because credit card companies have a large user base, they make a sustainable income from the short interest you pay each month.

How Long Does It Take to Get a Credit Card?

A new credit card takes up to seven to ten working days to be delivered to your residence, but approving your account only takes a few minutes by using online banking. 

You can apply and insert the required details through an online bank website or in a mobile application, and the bank will review all the submitted elements. 

Within a few minutes, you will already receive an email if your application is approved or not.

Are Credit Cards Bad?

Credit cards are financial instruments that you should use in a good way. 

It is offered to the public to provide a more convenient way of paying the bills. 

It can neither be seen as excellent nor wrong because it boils down to how responsible you’ll be using them.

Author

Founded Financially Well Off back in 2018 with the intent of making finance relatable. Quality content. Quality Advice. For people looking to be financially well off.

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