Are you looking to get a credit card to help you with your spending but aren’t really sure which one to choose? With so many cards and different benefits available, settling on just one can indeed be a hard task.
That’s why we decided to compile an informative post about the best rewards credit cards that we know of to help our readers in choosing the best card for them in 2017.
1. Barclaycard Arrival Plus World Elite MasterCard
This is another favorite of world travelers. With no foreign transaction fees, it offers you many other rewards which add up very fast. If you spend three thousand dollars in the first three months, it gives you a bonus of 40,000 miles. When you redeem your miles as credit to your statement, it gives you two miles for every dollar spent. The elite on the card means that you will get trip insurance, concierge service and warranty protection during your trip.
It gets you started with a 0% introductory and between 14.99% and 18.99% afterwards. This is one of the best cards for the frequent traveler if you manage to get approved. It is designed for big spenders with excellent credit ratings.
2. American Express Blue Cash
This card has many rewards. It gives you back six percent of the money you spend in US supermarkets, up to USD 6,000 for the first year and one percent for all the years afterwards. You also get three percent from gas bought in U.S. gas stations and some department stores too. They do not give you money back; they discount these from your monthly credit card statement.
3. Chase Slate
Chase Slate offers you 0% APR for the first fifteen months on all purchases and transfers of balance, and there is no charge on balance transfers made within the first sixty days. After the introductory period, your APR can be as low as 13.42% or as high as 23.24%, depending on how you manage your credit. This card also has a 3% foreign charge fee. The annual fee is seventy five dollars.
4. Chase Sapphire Preferred
This card hasn’t been branded as a travel card, but it has just the right benefits that you would need. It doesn’t come with a foreign transaction fee, and you will end up with 40,000 bonus points if you manage to spend more than $4000 within the first 3 months of having this card. What is better is that is a chip card, which has added security and convenience when you are in Europe.
If you happen to want to add a second authorized user within the first 3 months, then you will get 5000 points, and there happens to be a 1 to 1 point transfer. That means that 1000 points will equal 1000 miles with their partner travel and airline programs. Whenever you redeem your points for travel rewards you will get a 20% discount. That simply means that a flight that costs $500, will take around 40,000 points.
There is also an annual fee of $95 after the first year, and your APR would be 15.99%, which when compared to the national average of 14.89% that isn’t too bad.
5. CapitalOne Quicksilver Rewards Credit Card
Capital One offers you the Quicksilver card with a cash back option to use when you travel. 1.5% back on all expenses with no minimum or maximum either. You do not have to pay an annual fee, and the interests are competitive: 12.99% – 22.99%.
You can also spend all you want because it gives you a one hundred dollar bonus if you spend five hundred dollars in the first three months.
6. Citi Double Cash Card
People like this card very much for its benefits. For example, it has a one percent return on all purchases. If you pay your complete balance at the end of the month, you get another one percent return. For the first fifteen months, you get 0% APR, after that, your rate will be between 13.24% and 23.24%. It has a 3% foreign transaction fee.
7. Capital One Venture Card
Capital cards are good for travel. The benefits of this one are as follows: 40,000 miles when you spend three thousand dollars in the first three months, twice the miles for every dollar you spend and no foreign transaction fee. APR between 13.24% and 23.24% from the first day. The annual fee is fifty nine dollars.
8. Capital One VentureOne Card
The VentureOne Card is the perfect card for travelers. Once you spend $1000, you will get a 20,000 bonus miles within the first 3 months, and after that, you get 1.25 points for every dollar that you spend. Once the 0% APR introductory expires, it will have an interest rate of up to 19.9%. Unlike other types of cards, there isn’t a balance transfer fee.
9. Gold Delta SkyMiles Credit Card
This is an airline card that you can really add to your arsenal. You will get 30,000 bonus miles from Delta if you spend more than $1000 in the first 3 months, and you will also receive a $50 statement credit whenever you purchase something for the first time. You will also get a free checked bag and no annual fee for the first year, the fee is $95.
The APR is up to 19.24% depending on your creditworthiness. The standard transaction fee for your cash advances and balance transfers will either be $5 or 3%, whichever one is higher.
10. BankAmericard Travel Rewards Credit Card
If you are a Bank of America customer, then you need to consider this card. For every dollar that you spend, you earn 1.5 points. There is no cap for your earnings, and your points don’t expire and there are no blackout dates.
Although the interest rate does go up to 22.99%, there is no annual fee. If you already have an active Bank of America account, you will get 10% in rewards for each purchase that you make.
A credit card is a very useful tool to save money if you use it wisely. Paying you complete balance at the end of the month is beneficial to your credit record and you will not have to pay interests to the credit card company for the money you spent during the month.
Still looking for more? Feel free to check out our comprehensive personal finance guide to learn more about managing your budget and staying financially healthy.