Today, the average American has just over $17,000 in a savings or investment account. While this is a pretty penny, the fact is, it’s not enough to cover some big-ticket items. If you want to make a huge purchase soon, then personal loans are an option. But another popular option is credit cards, especially since they come with great rewards every time you swipe. With so many credit card options, which one(s) should you sign up for? Which offer the best interest rates and rewards? Keep reading for a guide to the best credit cards you can get!
Citi Custom Cash Card
This credit card is great for you if you’re looking for a 0% APR option. The Citi Custom Cash Card gives you 0% APR for 15 months on purchases and balance transfers, which means it’s optimal for consolidating debt if you need to do so.
In addition, you’ll get $200 cash back if you spend $750 in the first 3 months. You’ll also get 5% cash back on purchases in the top category, up to $500. Once you surpass that, you’ll get 1% cash back for that category.For all other purchases, you’ll also get unlimited 1% cash back! There aren’t any annual fees either.
This card comes with a variable APR of 13.99% to 23.99%.
However, it can be tough to get approval for this card if you don’t have good credit. It’s recommended that you have a minimum score of 670 to apply.
Wells Fargo Active Cash Card
Are you looking for a credit card that’ll give you as much cash back as possible? Then look no further than the Wells Fargo Active Cash Card!
This credit card will give you unlimited 2% cash rewards on all your purchases. And if you spend $1,000 within the first 3 months, you’ll get a $200 cash rewards bonus.
What’s even better about their rewards system is your cash rewards don’t expire, so long as you have an open account. So you won’t have to worry about having to use your points within a short period of time!
If you pay your mobile phone bill with this card, you’ll also get up to $600 protection for your phone for covered damage or theft.
Not only that, but you’ll enjoy an intro APR of 0% for both purchases and balance transfers for 15 months! This card doesn’t have an annual fee either.
This card comes with a variable regular APR of 14.99% to 24.99%. You’ll also need a minimum credit score of around 670 to be approved.
American Express Blue Cash Preferred Card
Another excellent card to sign up for in regards to rewards is the American Express Blue Cash Preferred Card. It offers a 0% intro APR for the first 12 months on your purchases and a $0 annual fee for the first year (it’s $95 per year afterward).
What’s outstanding about this credit card is it offers 6% cash back on supermarket purchases (up to $6,000 per year), which is one of the highest rates possible! After you’ve hit that $6,000, then it drops to 1%.
That’s not all though! You’ll enjoy 6% cash back on some American streaming subscriptions, 3% cash back on transit (such as taxis, rideshares, trains, buses, tolls, parking, etc.), and 3% cash back at American gas stations. For all other purchases, you’ll receive 1% cash back.
For their welcome offer, you’ll get $300 in credit if you spend $3,000 within the first 6 months!
This credit card comes with a variable APR of 13.99% to 23.99% and you’ll need a good credit score of at least 670 to get approval.
Chase Sapphire Preferred Card
For those of you who do a lot of traveling, then you’ll want to sign up for a Chase Sapphire Preferred Card. Considering 71% of Americans have traveled internationally at some point in their lives, most of you will have lots to gain here. Trips can cost a pretty penny, but this credit card can help you save with its amazing rewards offers!
When you swipe travel purchases (such as plane tickets), you’ll get 5 times the points. For dining, you’ll get 3 times the points, and for everything else, you’ll get 2 times the points.
Also, there’s a very generous welcome offer. If you spend $4,000 in the first 3 months, you’ll get 100,000 bonus points, which is the equivalent of $1,250!
This credit card has a regular variable APR of 15.99% to 22.99%. It also has an annual fee of $95.
To get approval for this card, you should have a good credit score of at least 670.
Credit One Bank Platinum Visa for Rebuilding Credit
Maybe you have a terrible credit score and you’ve been rejected when you apply for a credit card. Don’t lose hope though, as there are ways to rebuild your credit while still enjoying the benefits of a credit card!
The Credit One Bank Platinum Visa for Rebuilding Credit is made especially for these purposes. It’s an unsecured card with no deposit required. You can earn 1% cash back for eligible transactions, such as mobile phone, internet, cable, gas, and grocery purchases.
Do note that there’s an annual fee. It’s $75 for the first year and $99 for subsequent years. It also has a regular variable APR of 23.99.
However, you’ll enjoy $0 Fraud Liability, which means if there are unauthorized charges on your card, you won’t be responsible for them. And most importantly, it’s one of the few credit cards that you can get with bad credit. This will pave the road to rebuilding your credit!
Sign Up for the Best Credit Cards
Now that you have a list of the best credit cards around, you can sign up for a new credit card that’ll allow you to make big purchases, pay off bills, and earn some cashback (or other rewards).
Just make sure that you’re responsible and can pay off the balance every month. Otherwise, it can hurt your credit score and put you in a cycle of debt. But if you can handle these monthly payments, you’ll actually build credit and reap all the benefits that come with credit cards!
Want to save some money? Then check out our article on restaurant coupons and deals!