Finding the best credit cards will require plenty of research and knowing your specific financial situation. Since there are several types of credit cards available, you must research credit card comparison in order to find out which card suits your needs. If you are in college, you must investigate the best credit cards for students, ones that have low fees and reasonable annual percentage rates (APRs) and rewards for college students.
If your credit reports need improvement, then it is important the find the best credit cards for bad credit. For instance, cards that charge low fees, have prequalification checks but also report to all three credit bureaus are suitable features for those looking to improve their credit. Find specific features of each credit card for your needs.
Best Credit Cards for Students
If you are a young college student, building you credit score should be a priority if you want a solid financial future. Credit is used for many essential life purchases like a new home or car. The best credit cards for students will charge low fees but also report payments to ideally all three credit bureaus. When you are doing a credit card comparison, you want to find a credit card that has other perks like cash back rewards for spending money on gas, dining out and other daily purchases.
Journey Student Rewards from Capital One
For college students that already have some good credit and are looking for a card with good cash back rewards, this credit card can prove to be the right fit. This Capital One card provides a 1 percent cash back on every purchase made and students will receive a 0.25 percent cash back bonus each month when paying statements on time.
This is the one of best credit cards for college students because they can redeem the cash back at any time at any amount. Students also receive an automatic credit line increase after paying on time for five months. This credit card has no annual fee or foreign transaction fee, nor does it have an introductory APR.
Citi Rewards Student Card
This is one of the reward credit cards for students who spend heavily on gas and groceries. This is one of the best credit cards for these types of purchases because students can earn twice the points on the right supermarket and gas purchases. These points add up to $6,000 in spending per year. Every purchase rounding to the nearest 10 and the first 100,000 points redeemed each year subject to a 10 percent bonus, so other types of spending area also welcome.
This Citi card also has a 7-month, zero percent APR purchase promotion. Taking advantage of your spending while it is interest-free can help increase your credit while buying expensive school supplies. There is also no annual fee or foreign transaction fee for this credit card.
Best Credit Cards for Bad Credit
If you have poor credit, then the best credit cards for bad credit that have low fees and report to all three credit bureaus. However, you want to find credit cards that offer a pre-qualification option first, also known as a soft inquiry. If you apply for many credit cards to see if you get approved, then you are risking your credit score. Hard inquiries are made every time you apply, but they can negatively impact your credit report for as long as 12 months.
The Capital One Secured Mastercard provides a minimal security deposit and no annual fee. You can put down as little as $49 for a $200 line of credit. This is one of the best credit cards for someone who wants minimal upfront costs.
Best Credit Cards for Travel
Top credit cards for travel will have rewards tailored to the avid traveler. When searching for the right travel card, you want to look for flexibility in their rewards. If you are loyal to specific airlines or hotels, then it can benefit you to learn about the branded credit cards from that company. Airline specific co-branded cards provide extra perks like free checked bags and priority boarding.
The Chase Sapphire Preferred Card is a general-purpose travel card with flexible earning and redeeming rewards. This is considered one of the best credit cards for travel because of the flexibility. You can earn two points per dollar spent on dining or travel. When you book tickets with Chase Ultimate Rewards, points are worth 25 percent more.
Best Credit Cards for Rewards
The top credit cards for rewards for you will depend on the categories that you are mostly likely to spend on. Some of these cards come in two categories: cash back cards and travel cards. Cash back credit cards will pay back any a percentage of the amount of every eligible transaction. Travel rewards cards will give points or miles for each dollar spent. These points can be redeemed for free flights, hotel rooms, priority boarding and more.
The best credit cards for rewards is the Discover it Cash Back because of its bonus categories. This rewards card allows for rotating the category you would like to focus on every quarter. Some of the categories included are restaurants, grocery stores and gas stations. There is a five percent cash back for every purchase that is capped at $1,500 for every quarter. Discovery will also match all the cash back within the first year as a sign-up bonus.
Best Credit Cards for Business
When you are conducting your credit card comparison for your business, there are a few factors to consider. If you are looking for cash back on business trips, then you want to opt for a card with travel rewards for work. If you are looking for a rewards credit card with great cash back, then consider the terms for cash back on that credit card.
The Ink Business Preferred credit card from Chase is one of the top credit cards for small businesses. With a high amount of cash back depending on the category, this rewards card can be good for any small business. The rewards points can be redeemed as Chase Ultimate Rewards points and can be worth 25 percent more when redeemed for travel.