When it comes to choosing a credit card, there are a lot of factors to consider. But with so many options out there, how can you narrow it down?
Our editors have years of experience evaluating credit cards, and in this article, we’ll share our top tips for finding the best card for your needs.
How We Evaluate Credit Cards?
We take several factors into account when rating credit cards, including rewards, benefits, interest rates, fees, and customer service. We also consider the issuer’s reputation and financial stability.
The most important factor in our ratings is the value of the rewards and benefits each card offers. We compare these against other cards in the same category to see how they stack up. For example, a cash back card that offers 2% cash back on all purchases will earn you more rewards than a card that offers 1% cash back on all purchases.
Another important factor we consider is the interest rate you’ll pay on your outstanding balance. If you carry a balance from month to month, you’ll want to choose a card with a low interest rate to minimize the amount of interest you’ll pay.
We also take into account any fees associated with each card. Some cards have annual fees, while others have foreign transaction fees or balance transfer fees. We weigh these fees against the value of the rewards and benefits to determine whether or not the card is a good value.
Finally, we consider the issuer’s reputation and financial stability when rating credit cards. We want to make sure you’re using a card from a company that has a
The Different Types of Credit Cards
There are many different types of credit cards available on the market today. So, how do our editors rate them?
The first thing we look at is the type of card it is. Is it a rewards card? A cash back card? A balance transfer card? A travel card? Each type of card has different perks and benefits, so we take that into account when rating them.
We also look at the APR, fees, and other features of the card. We want to make sure that the card is beneficial for the consumer and not just a way for the credit card company to make money.
Finally, we consider the customer service and support of the credit card issuer. We want to make sure that you can easily get in touch with someone if you have any questions or problems with your card.
So, there you have it! Those are the things our editors take into account when rating credit cards. Do you have any questions about our process? Let us know in the comments!
The Best Credit Cards for Balance Transfers
There are a lot of credit cards out there that offer balance transfer options, but not all of them are created equal. Our editors have looked at a variety of factors to come up with a list of the best credit cards for balance transfers.
If you’re looking for a card with a low interest rate, the Citi Simplicity Card is a great option. It has an introductory APR of 0% for 18 months on balance transfers, and there’s no balance transfer fee.
If you want a card with no annual fee, the Chase Slate card is a good choice. It offers 0% APR for 15 months on balance transfers, and there’s no balance transfer fee for transfers made within 60 days of opening your account.
The Amex EveryDay Credit Card from American Express is a good option if you’re looking for rewards. It offers 2x points on everyday purchases, and you can get 20% more points when you use your card 20 or more times in a billing period. The intro APR on balance transfers is 0%, and there’s no balance transfer fee for transfers made within the first 60 days of opening your account.
The Best Cash Back Credit Cards
If you’re looking for the best cash back credit cards, our editors have you covered. We’ve compiled a list of the best cash back credit cards on the market, based on our editorial criteria.
Our top pick for the best cash back credit card is the Citi Double Cash Card. This card offers 2% cash back on all purchases, with no limits or categories. You’ll also get a 0% intro APR on balance transfers for 18 months (then a variable APR of 14.49% – 24.49%).
If you’re looking for a card with rotating category bonuses, the Chase Freedom Unlimited® Card is a great option. This card offers 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Plus, you’ll earn an unlimited 1% cash back on all other purchases. There’s no annual fee for this card.
The Capital One® SavorOne℠ Cash Rewards Credit Card is another great option for cash back rewards. This card offers 3% cash back on dining and entertainment, 2% cash back at grocery stores, and 1% cash back on all other purchases. There’s no annual fee for this card either.
The Best Travel Rewards Credit Cards
Our editors rate credit cards based on their overall value, including sign-up bonuses, rewards, and perks. The best travel rewards credit cards offer opportunities to earn points or miles that can be redeemed for free or discounted travel. Some cards also come with valuable perks like priority boarding, free checked bags, and lounge access.
The Best Student Credit Cards
If you’re a student, you know that money can be tight. You might have a part-time job to help cover your costs, but it’s not always enough. That’s where a student credit card can come in handy. With a student credit card, you can get discounts on things like textbooks, school supplies, and even travel.
But with so many student credit cards out there, how do you know which one is right for you? That’s where our editors come in. We’ve compiled a list of the best student credit cards available, taking into account factors like annual fee, interest rate, and rewards program. So whether you’re looking for a card with no annual fee or one that offers cash back on your purchases, we’ve got you covered.
How to Choose the Right Credit Card for You?
There are so many different credit cards available on the market today, how do you know which one is the right one for you? Our editors have put together a few tips to help you choose the best credit card for your needs.
First, consider what type of card you want. There are cards for people with good credit, bad credit, and no credit. If you have good credit, you’ll likely be able to qualify for a rewards card with a low interest rate. If you have bad credit, there are still options available to you, but you may have to pay a higher interest rate. And if you have no credit, there are cards designed specifically for people in your situation.
Second, think about what kind of rewards you’re looking for. Do you want cash back on all of your purchases? Or would you prefer points that can be redeemed for travel or merchandise? There are cards that offer both types of rewards, so it’s just a matter of finding the right one for you.
Finally, consider the fees associated with the card. Some cards have annual fees, while others don’t. Some also charge foreign transaction fees, so if you plan on using your card while traveling abroad, be sure
Now that you know how our editors rate credit cards, you can be confident in your own choices. Whether you’re looking for the best travel rewards card or the lowest interest rate, we can help you find the right card for your needs. And if you’re not sure where to start, our picks for the best credit cards of 2020 can help get you started.