97彩票代理 for March 2020

Matt is a Certified Financial Planner® and investment advisor based in Columbia, South Carolina. He writes personal finance and investment advice, and in 2017 he received the SABEW Best in Business Award.

We are committed to full transparency in our mission to make the world smarter, happier, & richer. Offers on The Ascent may be from our partners - it's how we make money - and we have not reviewed all available products and offers. That transparency to you is core to our editorial integrity97彩票代理, which isn’t influenced by compensation.

A credit card can be a great way to build credit, earn rewards on every purchase, and even avoid interest charges on purchases and balance transfers. We’re working to make selecting a credit card as easy as buying a new pair of socks. Below, you'll find our recently-released shortlist of top picks for 2020 along with essential education to help you manage credit cards the right way.

Ratings Methodology
High cash back
Apply Now

On Discover's Secure Website.

Great for: Bonus category cash back Discover it® Cash Back

Rating image, 4.5 out of 5 stars.
4.5 stars
Why Apply

Reigns supreme with one of the highest cash back rates on the market. No annual fee and a long 0% intro APR offer round out this card’s stacked feature set. Read Full Review

Credit Rating Requirement: Good/Excellent
Apply Now

On Discover's Secure Website.

Rewards

Earn 5% cash back in rotating quarterly categories you activate ($1,500 quarterly spending cap), 1% back on all else

Annual Fee

$0

Intro APR

Purchases: 0%, 14 months
Balance Transfers: 0%, 14 months

Ongoing APR

13.49% - 24.49% Variable

Bonuses & Perks

Double cash back in the first year -- that's worth up to 10% back, FICO score for free

Highlights
  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • No annual fee.
0% intro APR
Apply Now

On Bank of America's Secure Website.

Great for: Balance transfers and purchases BankAmericard® credit card

Rating image, 4.5 out of 5 stars.
4.5 stars
Why Apply

This no-annual-fee card has one of the longest 0% intro APRs on the market that applies to both purchases and qualifying balance transfers. This rare combination makes it a standout to avoid interest charges. Read Full Review

Credit Rating Requirement: Good/Excellent
Apply Now

On Bank of America's Secure Website.

Rewards

N/A

Annual Fee

$0

Intro APR

Purchases: 0%, 18 billing cycles
Balance Transfers:97彩票代理 0% Intro APR for 18 billing cycles for any balance transfers made in the first 60 days

Ongoing APR

14.49% - 24.49% Variable

Bonuses & Perks

97彩票代理FICO score for free, no penalty APR

Highlights
  • 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 14.49% - 24.49% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
  • No annual fee
  • No penalty APR. Paying late won't automatically raise your interest rate (APR). Other account pricing and terms apply
  • Access your FICO® Score for free within Online Banking or your Mobile Banking app
Big Sign Up Bonus
Apply Now

On Chase's Secure Website.

Great for: Travel sign up bonus Chase Sapphire Preferred® Card

Rating image, 4.5 out of 5 stars.
4.5 stars
Why Apply

With a leading sign-up bonus, the sky’s the limit for this top-rated travel rewards card. Plus, the premium points program for travel and dining make it a no brainer for travel enthusiasts everywhere. Read Full Review

Credit Rating Requirement: Good/Excellent
Apply Now

On Chase's Secure Website.

Rewards

2x points on travel and dining, 1x points on all other purchases. 25% more points for travel booked through Chase's portal.

Annual Fee

$95

Intro APR

Purchases: N/A
Balance Transfers: N/A

Ongoing APR

17.49% - 24.49% Variable

Bonuses & Perks

60,000 points after spending $4,000 within three months -- worth $750 of travel redeemed through Chase

Highlights
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That's 3X points in addition to the 2X points you already earn on travel.
Apply Now

On Chase's Secure Website.

Great for: Flat rate cash back Chase Freedom Unlimited®

Rating image, 4.5 out of 5 stars.
4.5 stars
Why Apply

This hard-to-beat offer includes unlimited 1.5% cash back on all purchases, a nice sized sign-up bonus, and a long 0% intro APR offer on purchases and balance transfers. Read Full Review

Credit Rating Requirement: Good/Excellent
Apply Now

On Chase's Secure Website.

Rewards

Unlimited 1.5% cash back, no minimum to redeem, rewards don't expire

Annual Fee

$0

Intro APR

Purchases: 0%, 15 months
Balance Transfers: 0%, 15 months

Ongoing APR

16.49% - 25.24% Variable
97彩票代理

Bonuses & Perks

97彩票代理$150 after spending $500 within three months, free credit score monitoring

Highlights
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.49 - 25.24%.
  • 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5
  • No annual fee
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
Apply Now

On Capital One's Secure Website.

Great for: Flat rate travel rewards Capital One® Venture® Rewards Credit Card

Rating image, 4.0 out of 5 stars.
4.0 stars
Why Apply

Unlimited 2X miles, TSA Pre✓® credits, and a big sign-up bonus make this credit card one of the best travel companions on the market. Read Full Review97彩票代理

Credit Rating Requirement: Good/Excellent
Apply Now

On Capital One's Secure Website.

Rewards

97彩票代理Unlimited 2x miles on all purchases

Annual Fee

$0 intro for first year; $95 after that

Intro APR

Purchases: N/A
Balance Transfers: N/A

Ongoing APR

17.24% - 24.49% Variable

Bonuses & Perks

97彩票代理50,000 miles after spending $3,000 on purchases within three months, equal to $500 in travel, up to $100 application fee credit for Global Entry or TSA Pre✓

Highlights
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 15+ leading travel loyalty programs
  • No foreign transaction fees
  • $0 intro annual fee for the first year; $95 after that
Apply Now

On Bank of America's Secure Website.

Great for: Bonus and cash rewards Bank of America® Cash Rewards credit card

Rating image, 4.5 out of 5 stars.
4.5 stars
Why Apply

Includes a market-leading bonus in the no-annual fee category and a flexible cash rewards program that enables you to earn premium cash back in a category of your choice. Plus, the long 0% intro APR offer makes this card a standout among its peers. Read Full Review

Credit Rating Requirement: Good/Excellent
Apply Now

On Bank of America's Secure Website.

Rewards

97彩票代理3% cash back on gas or in your choice category, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), 1% on all else.

Annual Fee

$0

Intro APR

Purchases: 0%, 15 billing cycles
Balance Transfers:97彩票代理 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days

Ongoing APR

15.49% - 25.49% Variable
97彩票代理

Bonuses & Perks

97彩票代理$200 after spending at least $1,000 in the first 90 days of account opening, 25% to 75% more rewards for Preferred Rewards members

Highlights
  • No annual fee
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
  • 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.49% - 25.49% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
  • No expiration on rewards
  • If you're a Preferred Rewards member, you can earn 25% - 75% more cash back on every purchase
Apply Now

On American Express' Secure Website.

Great for: U.S. supermarkets and gas Blue Cash Preferred® Card from American Express

Rating image, 4.0 out of 5 stars.
4.0 stars
Why Apply

This card is a triple hitter with stellar cash back rates -- particularly at U.S. supermarkets and gas stations, a big welcome offer, and a competitive 0% intro APR offer. Read Full Review

Credit Rating Requirement: Good/Excellent
Apply Now

On American Express' Secure Website.

Rewards

6% cash back at U.S. supermarkets ($6,000 spending cap per year), 2% cash back at U.S. gas stations, 1% back on all else

Annual Fee

$95

Foreign Transaction Fee

2.7% of each transaction after conversion to US dollars.

Intro APR

Purchases: 0%, 12 months
Balance Transfers: 0%, 12 months

Ongoing APR

13.99%-24.99% Variable

Bonuses & Perks

97彩票代理$250 statement credit after spending $1,000 within three months, get free 2-day shipping on eligible items at a growing network of 100+ online stores with 97彩票代理Runner.

Highlights
  • Earn a $250 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • NEW 6% Cash Back on select U.S. streaming subscriptions.
  • NEW 3% Cash Back on transit including taxis/rideshare, parking, tolls, trains, buses and more.
  • 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 3% Cash Back at U.S. gas stations. 1% Cash Back on other purchases.
  • Over 3 million more places in the U.S. started accepting American Express® Cards in 2017 and 2018.
  • Low intro APR: 0% for 12 months on purchases and balance transfers, then a variable rate, currently 13.99% to 24.99%
  • $95 annual fee.
  • Terms Apply.
Apply Now

On Capital One's Secure Website.

Rating image, 4.5 out of 5 stars.
4.5 stars
Why Apply

Unlimited 4% cash back on dining and entertainment makes this the ideal option for spending nights out on the town. Pair that with the big sign-up bonus and 2% back at grocery stores and you’ve got the ingredients for a top-rated rewards card. Read Full Review

Credit Rating Requirement: Good/Excellent
Apply Now

On Capital One's Secure Website.

Rewards

4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases

Annual Fee

97彩票代理$0 intro for first year; $95 after that

Intro APR

Purchases: N/A
Balance Transfers: N/A

Ongoing APR

15.99% - 24.99% Variable

Bonuses & Perks

$300 cash bonus after spending $3,000 on purchases within three months, free credit score monitoring

Highlights
  • Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that
Apply Now

On Discover's Secure Website.

Great for: Balance transfers and bonus category cash back Discover it® Balance Transfer

Rating image, 5.0 out of 5 stars.
5.0 stars
Why Apply

Get the best of both balance transfer and cash back worlds with this card. Not only do you get a long 0% intro APR on balance transfers, but you also get a market-leading cash back program. We call that a win-win. Read Full Review

Credit Rating Requirement: Good/Excellent
Apply Now

On Discover's Secure Website.

Rewards

Earn 5% cash back in rotating quarterly categories you activate ($1,500 quarterly spending cap), 1% back on all else

Annual Fee

$0

Intro APR

Purchases: 0%, 6 months
Balance Transfers:97彩票代理 0%, 18 months

Ongoing APR

13.49% - 24.49% Variable
97彩票代理

Bonuses & Perks

Double cash back in the first year -- that's worth up to 10% back, FICO score for free

Highlights
  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • 100% U.S. based customer service.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • No annual fee.
Apply Now

On Well Fargo's Secure Website.

Great for: Travel with no annual fee Wells Fargo Propel American Express® card

Rating image, 4.5 out of 5 stars.
4.5 stars
Why Apply

This no-annual-fee rewards card enables you to earn 3X points for dining out, travel, gas stations, and more, plus a big sign-up bonus. The addition of a 0% Intro APR offer makes it even more surprising that there's no annual fee. Read Full Review

Credit Rating Requirement: Good/Excellent
Apply Now

On Well Fargo's Secure Website.

Rewards

3X points for eating out and ordering in, gas stations, rideshares, transit, flights, hotels, and more, 1x points on all else

Annual Fee

$0

Intro APR

Purchases: 0%, 12 months
Balance Transfers: 0%, 12 months on qualifying balance transfers

Ongoing APR

14.99%-26.99% (Variable)

Bonuses & Perks

97彩票代理Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months, mobile phone protection

Highlights
  • Earn 20,000 bonus points when you spend $1,000 in purchases in the first 3 months – that’s a $200 cash redemption value
  • $0 annual fee and no foreign currency conversion fee
  • Earn 3X points on eating out and ordering in
  • Earn 3X points on travel including flights, hotels, homestays and car rentals
  • Earn 3X points on gas stations, rideshares and transit
  • Earn 3X points on popular streaming services
  • Earn 1X points on other purchases
  • Select "Apply Now" to learn more about the product features, terms and conditions
Apply Now

On Citi's Secure Website.

Great for: Balance transfers Citi Simplicity® Card - No Late Fees Ever

Rating image, 4.0 out of 5 stars.
4.0 stars
Why Apply

If getting rid of credit card debt is on your to-do list, this card can help. With no late fees, no annual fee, and no penalty rate, this card is an unmatched pick that’s made even better with an incredible 21 month 0% intro APR offer on balance transfers. Read Full Review

Credit Rating Requirement: Good/Excellent
Apply Now

On Citi's Secure Website.

Rewards

N/A

Annual Fee

$0

Intro APR

Purchases: 0%, 12 months
Balance Transfers:97彩票代理 0%, 21 months

Ongoing APR

15.74% - 25.74% (Variable)

Bonuses & Perks

No penalty APR

Highlights
  • No Late Fees, No Penalty Rate, and No Annual Fee... Ever
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 15.74% - 25.74%, based on your creditworthiness.
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 15.74% - 25.74%, based on your creditworthiness.
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 15.74% - 25.74%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
  • Stay protected with Citi® Quick Lock and $0 liability on unauthorized charges
Apply Now

On Citi's Secure Website.

Great for: Flat rate cash back and balance transfers Citi® Double Cash Card – 18 month BT offer

Rating image, 4.5 out of 5 stars.
4.5 stars
Why Apply

Earn a combined 2% cash back on all purchases - 1% when you buy, and 1% when you pay the minimum each month. Add that to no annual fee and an 18 month 0% intro APR offer on balance transfers and this card is a winner. Read Full Review97彩票代理

Credit Rating Requirement: Good/Excellent
Apply Now

On Citi's Secure Website.

Rewards

97彩票代理2% cash back: 1% when you buy plus 1% as you pay

Annual Fee

$0

Intro APR

Purchases: N/A
Balance Transfers:97彩票代理 0%, 18 months

Ongoing APR

14.99% – 24.99% (Variable)

Bonuses & Perks

FICO score for free

Highlights
  • Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 14.99% – 24.99%, based on your creditworthiness.
  • Balance Transfers do not earn cash back.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is a balance transfer fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 14.99% – 24.99% based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
Apply Now

On Discover's Secure Website.

Great for: Travel with no annual fee Discover it® Miles

Rating image, 3.5 out of 5 stars.
3.5 stars
Why Apply

A no-nonsense, no-annual-fee travel rewards card built for occasional travelers. The unlimited 1.5 Miles takes the hassle out of tracking categories and all of your miles get matched in the first year. Read Full Review97彩票代理

Credit Rating Requirement: Good/Excellent
Apply Now

On Discover's Secure Website.

Rewards

Unlimited 1.5 Miles per $1

Annual Fee

$0

Intro APR

Purchases: 0%, 14 months
Balance Transfers:97彩票代理 10.99%, 14 months

Ongoing APR

13.49% - 24.49% Variable
97彩票代理

Bonuses & Perks

97彩票代理Double Miles in the first year, FICO score for free

Highlights
  • UNLIMITED BONUS: Discover will match ALL the Miles you’ve earned at the end of your first year, automatically. For example, if you earn 35,000 Miles, you get 70,000 Miles. That’s $700 towards travel! The more you earn, the more you get.
  • Earn unlimited 1.5x Miles for every dollar spent on all purchases - with no annual fee.
  • No Blackout Dates. Simply pay for travel purchases like airlines, hotels, rental cars, and more with your Discover it® Miles card.
  • Miles Pay You Back. Easily redeem Miles as a statement credit for travel purchases. Or get cash.
  • Freeze your account in seconds with an on/off switch either on the mobile app or website to prevent new purchases, cash advances, and balance transfers.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
Apply Now

On Discover's Secure Website.

Great for: Student cash back Discover it® Student Cash Back

Rating image, 4.5 out of 5 stars.
4.5 stars
Why Apply

A student card that rivals some of the best cash back cards on the market. It comes packed with a robust cash back rewards program, no annual fee, and even includes a credit for good grades. Read Full Review97彩票代理

Credit Rating Requirement: New/Rebuilding:
Apply Now

On Discover's Secure Website.

Rewards

Earn 5% cash back in rotating quarterly categories you activate ($1,500 quarterly spending cap), 1% back on all else

Annual Fee

$0

Intro APR

Purchases: 0%, 6 months
Balance Transfers: 10.99%, 6 months

Ongoing APR

14.49% - 23.49% Variable

Bonuses & Perks

Double cash back in the first year -- that's worth up to 10% back, FICO score for free

Highlights
  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Good Grades Rewards: $20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years.
  • No annual fee. No late fee on first late payment. No APR change for paying late.
  • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Freeze It® on/off switch for your account that prevents new purchases, cash advances & balance transfers in seconds.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • 0% intro APR on purchases for 6 months, then the standard variable purchase APR of 14.49% - 23.49% applies.
Apply Now

On Discover's Secure Website.

Great for: Building credit and cash back Discover it® Secured

Rating image, 4.0 out of 5 stars.
4.0 stars
Why Apply

Need to build your credit history? This card is a great place to start. It offers perks rarely found in secured cards including cash back, no annual fee, and double cash back in the first year. Read Full Review

Credit Rating Requirement: Fair/New to Credit:
Apply Now

On Discover's Secure Website.

Rewards

97彩票代理2% cash back at Gas Stations and Restaurants on up to $1,000 in purchases each quarter, 1% cash back on all else

Annual Fee

$0

Intro APR

Purchases: N/A
Balance Transfers: 10.99%, 6 months

Ongoing APR

24.49% Variable
97彩票代理

Bonuses & Perks

Double cash back in the first year, FICO score for free

Highlights
  • No Annual Fee, earn cash back, and build your credit with responsible use.
  • It's a real credit card. You can build a credit history with the three major credit bureaus. Generally, debit and prepaid cards can't help you build a credit history.
  • Establish your credit line with your tax return by providing a refundable security deposit of at least $200 after being approved. Bank information must be provided when submitting your deposit.
  • Automatic reviews starting at 8 months to see if we can transition you to an unsecured line of credit and return your deposit.
  • Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score
  • INTRO OFFER: We automatically match all the cash back you've earned at the end of your first year.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
Apply Now

On Capital One's Secure Website.

Great for: Building credit with a low security deposit Capital One® Secured Mastercard®

Rating image, 3.5 out of 5 stars.
3.5 stars
Why Apply

Build your credit responsibly with this top-of-the-line secured credit card. It comes with a low initial security deposit and no annual fee, making it a top pick if you want to open a secured card account without breaking the bank. Read Full Review97彩票代理

Credit Rating Requirement: Fair/New to Credit:
Apply Now

On Capital One's Secure Website.

Rewards

N/A

Annual Fee

$0

Intro APR

Purchases: N/A
Balance Transfers: N/A

Ongoing APR

26.99% Variable
97彩票代理

Bonuses & Perks

97彩票代理Low security deposit, access to a higher credit line after first 5 monthly payments on time

Highlights
  • No annual fee, and all the credit building benefits with responsible card use
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • Access to an authorized bank account is required to make your $49, $99 or $200 refundable security deposit
  • Make the minimum required security deposit and you'll get an initial credit line of $200. Plus, deposit more money before your account opens to get a higher credit line
  • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • It's a credit card accepted at millions of locations worldwide
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What type of credit card is right for you?

Though there are many different credit cards out there, virtually all card offers can be divided into five different categories based on their features and rewards programs. The first thing you should do when shopping for a credit card is to narrow the list of possible matches by picking a certain feature or functionality that is particularly important to you.

The five types of credit cards are as follows:

0% APR credit cards

These cards offer 0% intro APRs on purchases and/or balance transfers for periods as long as 21 months, allowing you to carry a balance without paying double-digit interest rates during the promo period. These credit cards are best for people who will carry a balance since a 0% intro APR card can potentially save you hundreds (or even thousands) of dollars in interest.

Cash-back credit cards

These are the most common types of credit cards out there. Cash-back credit cards97彩票代理 give cardholders rewards equal to a percentage of their spending, typically ranging from as low as 1% all the way up to 10% for spending in certain bonus categories. The beauty of cash back credit cards is that you can redeem your rewards for cash to use however you’d like. Many people redeem their rewards for statement credits, which reduce the card’s balance. You can think of a 1.5% cash back rewards card as a card that effectively gives you a 1.5% discount on everything you buy.

Travel credit cards

These cards typically accrue rewards in terms of miles or points for every $1 you spend and can be redeemed for flights, hotels, rental cars, and more. Travel cards also tend to have other perks (such as no foreign transaction fees when used abroad) that 0% APR cards and cash-back cards are less likely to have. Frequent travelers, especially international travelers, would be wise to have a travel credit card, if only for the benefit of avoiding foreign transaction fees.

97彩票代理The best credit card offers for new cardholders are typically travel cards for people who have high incomes and excellent credit histories, due to their lucrative sign-up bonuses.

Secured credit cards

These are designed for people who have no credit history, or bad credit. A secured credit card acts just like an ordinary unsecured card, but it requires applicants to put up collateral to open the account. These cards report to the big three credit bureaus just like any other credit card, making them a great entryway into the world of credit. They’re also useful for rebuilding from a bad credit score.

Business credit cards

97彩票代理Designed for business owners and managers, these cards typically offer higher credit limits and rewards programs that pay out bonuses on company expenses like online advertising, cable or phone bills, internet and utilities, office supply stores, and others.

Business credit cards97彩票代理 are great for small business owners who want to separate their personal expenses from their business expenses while building a relationship with a bank that will help their business qualify for other types of financing later.

How to compare credit cards

Cards offer rewards in two general forms: cash back or points. Here are a few things to help decide which is best for you:

  • For frequent travelers, a points-based rewards card might deliver the most value. In addition to miles or points that can be redeemed for flights, hotel rooms, and more, these cards often come with other travel-specific benefits such as no foreign transaction fees or free checked bags on a specific airline.
  • If you aren't a frequent traveler, a cash back rewards card may be best. There are two basic types: flat-rate and category-based. A flat-rate cash back card gives you the same earnings rate on all purchases, while a category-based cash back card gives you better rates on certain types of purchases. For example, a card might pay 1% back on most purchases but 3% on gas and restaurant purchases. If you spend a significant amount of money on a high-earning category, that's often a good reason to choose one card over another.
  • Some points-based credit cards allow you to redeem rewards for cash but at a lower rewards rate, so be sure to check out the specific redemption rules if you want the flexibility to choose.

Is a credit card right for you?

Though more than 70% of American adults have a credit card, they aren’t for everyone. On one hand, they can offer excellent benefits that include rewards on every swipe, big sign-up bonuses, free access to a FICO® score, and 0% intro APRs for new cardholders. But if used to spend beyond your means, a credit card can put you into costly credit card debt that will take months, if not years, to pay off.

You won’t use it irresponsibly

Credit cards are not free money. If used responsibly, you’ll never pay a dime in interest or fees by using a credit card. That means making sure that you always pay your balance in full each month by paying the “statement balance” reported on your statement. Carrying a balance is a really good way to get into financial trouble since balances are assessed interest at rates in the double digits.

You can manage another due date

97彩票代理Failing to make payments on time and in full can result in paying late fees and interest charges. If a payment is more than 30 days late, it can negatively impact your credit score, too, doing more harm than good. Don’t use a credit card if you’re an especially forgetful person.

You have predictable, recurring income

Credit card companies require that your household have some kind of income in order to approve you for a card, but having income is also important for avoiding credit card debt. Unstable or unpredictable income is one of the biggest reasons people fall into debt.

You won’t need to get a big loan in the near future

If you’re thinking about applying for a mortgage in the next six months, you might want to reconsider applying for a credit card now. People who have thin credit files will see their scores drop after applying for more credit, and may run into trouble explaining their recent credit inquiries. The best time to start building credit is, unfortunately, when you’re least likely to need a good credit score in the next few months.

Why should you use a credit card?

97彩票代理Credit cards are about more than just borrowing money. A credit card is a useful payment option that offers more convenience and fraud protection, while helping you build the credit necessary to qualify for other loans at the lowest possible interest rate.

Here are a few reasons why it makes sense to use a credit card for your ordinary daily purchases:

Use a credit card to building credit

A credit card is a great way to help you build credit so that you can later qualify for financing to buy a car, home, or another large purchase. Most credit cards report to all three credit bureaus, so having an open credit card account is one of the best ways to start building up your credit report and credit score.

Rebuild your credit with a secured credit card

Late payments or collections accounts can haunt your credit report for seven years, dragging down your credit score the whole time. But having an open credit card account in good standing can help you rebuild your credit by “diluting” the importance of the bad accounts. It also shows that you’re current on your newest obligations, which can help you show lenders that you’re managing your finances better today than you did in the past.

Advanced fraud protection

97彩票代理It’s a simple fact that credit cards offer more fraud protection than debit cards. At the very worst, cardholders are only liable for up to $50 of losses if their credit card is used fraudulently, though most credit card companies simply eat the $50 loss rather than pass it on to their customers. In comparison, the worst case for debit card fraud is that you ultimately lose everything in your checking account (and potentially more if the account is overdrawn or linked to other accounts).

Earn rewards

When used responsibly, a credit card is simply a better way to pay than debit or cash. Think of rewards as an effective discount -- if you use a 1.5% cash back card to make purchases, it’s like getting a 1.5% discount on everything you buy. Over time, even small percentages really add up!

Get extra perks and discounts

Many cards offer perks including free rental car insurance, extended warranties on the things you buy, and price protection, which can reimburse you if something you purchase is advertised at a lower price later. These little-known card perks can easily create hundreds of dollars of value for their cardholders. (You won’t find these perks on the average debit card.)

What is the average credit card interest rate in America?

97彩票代理According to the Federal Reserve's latest , the average interest rate charged on credit card accounts in the United States is 14.87%, as of November 2019.

97彩票代理However, this is an overall average that includes accounts that charge no interest. For example, many credit cards have 0% intro APRs for 12 months or more, and many store-branded credit cards offer promotional financing deals.

When the data is narrowed down to include only those accounts that are assessed interest, the average is significantly higher, at 16.88%. So this would be a more accurate answer to the question of "what is the average credit card interest rate?"

To illustrate what a high-interest form of debt credit cards tend to be, consider that the average APR on a 60-month new car loan is just 5.37% as of November 2019. Even a 24-month unsecured personal loan97彩票代理 has a significantly lower 10.21% interest rate, on average.

97彩票代理The average credit card interest rate increased dramatically from 2014 through 2018 but appears to have leveled off in 2019. Here's a table that shows the progression of credit card interest rates from 2014 to the most recently available data:

Date Overall Average Average Among Interest-Charging Accounts
2014 11.87% 13.19%
2015 12.09% 13.66%
2016 12.35% 13.56%
2017 12.89% 14.44%
2018 14.22% 16.04%
1Q 2019 15.09% 16.91%
2Q 2019 15.13% 17.14%
3Q 2019 15.10% 16.97%
November 2019 (most recent) 14.87% 16.88%

Which credit card is right for you?

One thing we want to make very clear is that picking the best credit card is a personal decision that should be guided by your financial needs. Though there is a perfect credit card out there for you, there isn’t a single credit card that is perfect for every single person.

97彩票代理Which credit cards are the best depends on the features and functionality you want from your new card. Below, we constructed a table showing you the types of credit cards to pick based on why you want a credit card in the first place.

You want to use a credit card to… You should apply for…
Finance an upcoming purchase A card with a 0% intro APR on purchases
Refinance existing credit card debt A card with 0% intro APRs on balance transfers. We give bonus points to cards that waive balance transfer fees, too.
Earn rewards on all of your spending A flat cash back card that offers 1%-2% cash back on every purchase.
Travel abroad and redeem rewards for travel A travel card that offers travel rewards and no foreign transaction fees.
Finance purchases for my business A business card that has features designed for business owners in mind.
Build credit Any credit card can help you here, but cards that offer free FICO® scores are a good pick.
Minimize the risk you get denied for a credit card A secured card, which offers the highest approval rate (nearly 100%).

FAQs

  • A credit card is one of the best ways to build credit. When used correctly, credit cards positively affect the most important factors that go into calculating your credit score: payment history, credit utilization, and length of credit history.

    To improve your credit using a credit card, there are a couple habits you should follow.

    1. Always pay your bill on time, because that will benefit your payment history.
    2. Try not to charge a balance of more than 20% to 30% of your available credit so that your credit utilization doesn't get too high.
    3. Be careful about canceling credit cards, as this can affect the length of your credit history.
  • The primary reason to get a credit card is to build your credit. Your credit score can affect your life in many ways, including being a critical factor whenever you need to apply for any type of financing, and it's difficult to get an excellent credit score without using a credit card.

    97彩票代理Many consumers get credit cards to earn rewards on their purchases, often in the form of either cash back or travel rewards. Another popular reason to get a credit card is a 0% intro APR offer, either to finance purchases or to transfer balances from other credit cards so you can pay off your debt at a much lower interest rate.

  • To choose a credit card, start by determining what type of card you want. You can figure this out by asking yourself why you're getting a new card. Common reasons include cash-back rewards, travel benefits, credit building, or balance transfers.

    Once you’ve narrowed down your search to one category of credit cards, compare the features of the best cards in that category. Focus on features that will be easy for you to use, as those will provide you with the most value. Continue narrowing down the results until you've found the card that's right for you.

  • 97彩票代理There's no right or wrong number of credit cards, but the smart approach for most consumers is to take it slow and aim for quality over quantity. Focus on finding one great card with the features you need. After you've gotten the card you want and used it for several months, you can consider getting another if you think it has benefits that will be valuable for you. Take it one card at a time and make sure you don't get more cards than you can manage.

To recap, here are the best credit cards

The Ascent's picks for the best credit cards for auto_date_month_year:
Card Rating Great For
Discover it® Cash Back Graphic of Discover it® Cash Back
Rating image, 4.5 out of 5 stars.
4.5 stars
Great For:

Bonus category cash back

BankAmericard® credit card Graphic of BankAmericard® credit card
Rating image, 4.5 out of 5 stars.
4.5 stars
Great For:

Balance transfers and purchases

Chase Sapphire Preferred® Card Graphic of Chase Sapphire Preferred® Card
Rating image, 4.5 out of 5 stars.
4.5 stars
Great For:

Travel sign up bonus

Chase Freedom Unlimited® Graphic of Chase Freedom Unlimited®
Rating image, 4.5 out of 5 stars.
4.5 stars
Great For:

Flat rate cash back

Capital One® Venture® Rewards Credit Card Graphic of Capital One® Venture® Rewards Credit Card
Rating image, 4.0 out of 5 stars.
4.0 stars
Great For:

Flat rate travel rewards

Bank of America® Cash Rewards credit card Graphic of Bank of America® Cash Rewards credit card
Rating image, 4.5 out of 5 stars.
4.5 stars
Great For:

Bonus and cash rewards

Blue Cash Preferred® Card from American Express Graphic of Blue Cash Preferred® Card from American Express
Rating image, 4.0 out of 5 stars.
4.0 stars
Great For:

U.S. supermarkets and gas

Capital One® Savor® Cash Rewards Credit Card Graphic of Capital One® Savor® Cash Rewards Credit Card
Rating image, 4.5 out of 5 stars.
4.5 stars
Great For:

Restaurants

Discover it® Balance Transfer Graphic of Discover it® Balance Transfer
Rating image, 5.0 out of 5 stars.
5.0 stars
Great For:

Balance transfers and bonus category cash back

Wells Fargo Propel American Express® card Graphic of Wells Fargo Propel American Express® card
Rating image, 4.5 out of 5 stars.
4.5 stars
Great For:

97彩票代理Travel with no annual fee

Citi Simplicity® Card - No Late Fees Ever Graphic of Citi Simplicity® Card - No Late Fees Ever
Rating image, 4.0 out of 5 stars.
4.0 stars
Great For:

Balance transfers

Citi® Double Cash Card – 18 month BT offer Graphic of Citi® Double Cash Card – 18 month BT offer
Rating image, 4.5 out of 5 stars.
4.5 stars
Great For:

97彩票代理Flat rate cash back and balance transfers

Discover it® Miles Graphic of Discover it® Miles
Rating image, 3.5 out of 5 stars.
3.5 stars
Great For:

Travel with no annual fee

Discover it® Student Cash Back Graphic of Discover it® Student Cash Back
Rating image, 4.5 out of 5 stars.
4.5 stars
Great For:

Student cash back

Discover it® Secured Graphic of Discover it® Secured
Rating image, 4.0 out of 5 stars.
4.0 stars
Great For:

97彩票代理Building credit and cash back

Capital One® Secured Mastercard® Graphic of Capital One® Secured Mastercard®
Rating image, 3.5 out of 5 stars.
3.5 stars
Great For:

Building credit with a low security deposit

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