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5 Best Gas Credit Cards on The Market

Considering how many Americans rely on gas-powered cars, it is no surprise one of the most popular credit card reward categories is gas stations purchases.

Some credit cards offer gas and gas station purchases as a regular to their rotating categories. Others feature permanent cash back options on gas purchases.

Whether you have used a reward system credit card before or not, you should always pay special attention to the fine print on any credit card. Things such as time limits and brand restrictions can eat heavily into your reward and earning potentials. It will help you get a better idea of what kind of exclusions and restrictions your card may have.

For example, almost all gas credit cards that offer a cash system will say that they offer cash back at all US gas stations. However, places that already offer discounted gas, such as Costco or Sam’s Club, don’t qualify. They have their own rewards programs.

You will also want to pay attention to the interest rate on whichever card you are looking at. These rates are sometimes higher than the rate you are accustomed to with non-rewards credit cards.
Having said that, here are five of the best gas credit cards available on the market!

1 – American Express’s Blue Cash Preferred Card

This credit card boasts an impressive 3% unlimited cash back at US gas stations, 6% cash back at supermarkets and 1% cash back on everything else.

It offers a very nice 12-month intro APR period as well as an awesome sign-up bonus. You can only get cash back as a statement credit, with a minimum of $25 to redeem.

Unfortunately, it has a $95 annual fee.

2 – Discover it Chrome

Discover it Chrome gets you 2% cash back on gas and dining. If you devote this card entirely to gas, you’ll find that you’ll get a lot more out of it.

You should especially take advantage during the first year you have it, as it doubles all cash back you earn during that first year of service. As a great bonus, you can redeem your cash back rewards at any time, no minimums required. You can request direct deposits or statement credits.

Discover it comes with no annual fee.

3 – Chase Freedom card

With the Freedom card, you’re entitled to 5% cash back on gas purchases during one quarter per year, as well as an attractive sign-up bonus. Each quarter rotates between different categories, so pay attention to see when you qualify for gas.

Once you’re out of your 5% quarter, you’ll earn 1% cash back on everything.

There is a minimum of $20 to redeem your rewards. You can redeem them as direct deposits, statement credits, checks, or even to make purchases via the Chase’s Ultimate Rewards portal.

The Discover it Chrome also has no annual fee.

4 – PenFed Platinum Cash Rewards Plus

This card boasts a very impressive unlimited 5% Cash Back at the pump program, as well as minimal fees and a low APR.

Though ‘PenFed’ is a shortened form of ‘Pentagon Federal Credit Union’, you don’t have to be in the Armed Forces or work for the Pentagon to qualify. Simply make a $15 – $20, one-time donation to qualify for a PenFed lifetime membership.

You automatically have your cash back awarded as a statement credit. There is no minimum required, though you do need to have either a loan or deposit account with PenFed to qualify for the Platinum card.

PenFed Platinum has no annual fees.

5 – Bank of America’s BankAmericard Cash Rewards Credit Card

This particular card offers 3% cash back on gas, as well as fun fringe benefits for customers of Bank of America.

Though you could also receive 2% back on groceries, the rewards are combined with the gas reward, at a cap of $2,500 quarterly. If you’re looking specifically for gas rewards, avoid using this card at the supermarket. All other purchases give you a 1% cash back reward.

There are no exceptions or limitations, no annual fees, and only a $25 minimum to cash in on your rewards.

If you don’t see a card that you think would fit in with your lifestyle here, no worries! There are tons of options out there.

These were just our picks based on ease of use, the amount of the cash back reward, and fee amounts.

All of them are great cards that offer good rewards and can help keep you going even when gas prices fluctuate or times get tough.

Top 5 Credit Cards With No Foreign Transaction Fee

Are you in the know? Do you realize that spending money can make money – so long as you have the right credit card?  Many business cards and credit cards offer generous travel rewards and significant travel protection services, but at a catch: fees. Annual fees, balance transfer fees, minimum balance fees, foreign transaction fees, ad infinitum.

Foreign exchange fees are typically 1-3 percent of an international purchase. For the savvy spender, they can make the difference between making money with a credit card and losing money. Thankfully, the following pieces of “magic plastic” offer all the perks of a travel rewards program with none of the foreign transaction fees.

Barclaycard Arrival PlusTM World Elite MasterCard®

Who’s It For

Just who it says: the world elite. Frequent travelers and big spenders. People who ride in limousines more often than taxis.

How It Works

This impressive travel rewards card has an ace in the hole: chip n’ pin technology. Unlike many American credit cards, which only offer swipe n’ signature technology, the Barclaycard Arrival Plus World Elite MasterCard also has a built-in security and identity chip, which is much more common overseas, particularly in Europe. You can use the card at parking kiosks, toll roads, and other self-serve terminals.

Why We Like It

In addition to its chip n’ pin technology, the Barclaycard offers a whopper of a sign-on bonus. If you spend $3,000 within the first 90 days, you receive a 40,000-mile bonus! The bonus can also be redeemed for a $400 travel statement credit.

What to Watch Out For

The card has an annual fee of $85, waived for the first year. You have to spend $4,200 each year just to offset the annual fee. It is only available to those with good to excellent credit and the wallets to back it up.

Discover it® Miles

Who’s It For

The occasional international or domestic traveler. Small business owners, vacationers, tourists.

How It Works

Use it like any other credit card. You get 1.5x rewards on every dollar you spend. There’s no limit and no rewards expiration. You can use your points for free travel miles or redeem for cash, anytime. Unlike most other premium cards, which require a minimum redemption amount, you can redeem your Discover it Miles rewards for anything, even 23 cents, if it suits you. It’s a competitor to the BankAmerica Travel Rewards Credit Card.

Why We Like It

No annual fee! Unlike most other foreign transaction fee-free credit cards that charge annual fees to “encourage” users to spend freely, the Discover it Miles card has no annual fee and not much fine print. Here’s another perk: Discover will match all of the rewards you’ve earned at the beginning of your first year for new card members.

What to Watch Out For

Nothing, really. Just follow the rules of thumb for all credit cards: Keep your utilization ratio under 30 percent. Don’t carry a balance long-term. Make your payments on time.

Capital One® Secured MasterCard®

Who’s It For

The young. The recently divorced. The bankrupted.

How It Works

A secured credit card, unlike a traditional credit card, requires a collateral security deposit. This deposit, along with proven income and a demonstrated ability to pay your bills, gives the lender confidence in your, um, “spotty” credit history. If you default on your payments, the lender keeps your security deposit.

Why We Like It

Many secured cards come with high APR’s, annual fees and foreign transaction fees of around 3 percent. Not so with the Capital One Secured MasterCard! Like all Capital One cards, it charges no foreign transaction fees. It also has no balance transfer fees and no annual fees. The card also provides traveler’s assistance programs such as 24/7 roadside assistance and automobile rental insurance.

What to Watch Out For

The APR is typically 24.99 percent, so don’t carry a balance long-term. Also, even though the opening security deposit is low – down to $49 – the initial credit limit is only $200. Maximum credit line is $3,000. And sadly, unlike the beloved Capital One Venture Rewards Credit Card, the Capital One Secured MasterCard offers no travel rewards programs. All you get is a better credit score and a slap on the back.

Citi Prestige® Card

Who’s It For

Airline nomads. Hotel rats. CEOs.

How It Works

The Citi Prestige Card is the premium option to the Citi ThankYou Premier Card. The travel rewards are incredible: 3x points on air travel and hotel expenditures, 2x points on dining and entertainment, and 1x points on all other purchases. There is no limit or expiration of the ThankYou points.

Why We Like It

Besides the 3x rewards rate, you mean? For one thing, the Citi Prestige Card offers significant travel protection. They’re among the best in the market. Citi offers:

• $500 in trip delay protection if your flight is delayed by three hours or more.
• $500 in baggage delay protection on similar terms.
• $100,000 in primary car rental coverage outside the United States.
• $5,000 per person in trip cancellation and interruption protection, such as if you’re called to jury duty, become sick, unemployment, etc.
• … and literally dozens of other perks.

What to Watch Out For

Ahem. There’s a $450 annual fee. So unless you’re a frequent flier, you won’t come out ahead with this card, even with its generous rewards. However, thanks to the litany of travel protection services, you may want to consider this car or the Citi ThankYou card if you often travel overseas and want some peace of mind.

Chase Sapphire® Preferred Card

Who’s It For

Anyone who loves Christmas, or birthdays, or Valentine’s Day. It’s all about the gifts.

How It Works

Voted Best Credit Card for Flexible Travel Redemption by Kiplinger’s Personal Finance in July 2016, the Chase Sapphire Preferred Card has one of the best sign-on bonuses anywhere. If you spend $4,000 within the first three months of the account opening, you earn 50,000 bonus points. That’s the cash equivalent of $625, a tidy sum. Among business cards for frequent travelers, it’s one of the most popular and most versatile.

Why We Like It

Chase has an extremely flexible rewards program. Points can be redeemed for cash, gift cards, merchandise, Chase Ultimate Rewards travel, airline loyalty programs, etc. It has no black-out dates, no travel restrictions, and 2x points on all international travel and dining purchases.

What to Watch Out For

It’s a Visa card. And Visas typically don’t have the same currency exchange rates as MasterCards. They may be up to one percent higher, which doesn’t sound like a lot until you spend $40,000 in a year and realize that $400 disappeared into the thin air of cyberspace. Do note that currency exchange rates vary depending on the day and the currency, and that no matter what card you use, you should always pay in local currency whenever possible.

Top 5 Low Interest Credit Cards

Whether you are looking to consolidate a debt or finance a large purchase at the cheapest interest cost possible, there are different credit cards available that can help you with this process. In this article, we are going to take a look at five of the best low-interest credit cards. These will be cards that either:

1) Offer an everyday low rate or 2) Offer a very nice sign-up introductory rate for an extended period.

Chase Slate: A Compelling Introductory Offer

Usually, a credit card company will offer either an intro purchase APR rate or an intro balance transfer APR rate in an attempt to attract new customers. With the Chase Slate Card, you get both.

For the first fifteen months that you are activated, you will be able to enjoy 0% APR on BOTH balance transfers AND purchases. This means that this card is perfect for you if you are looking to finance a large purchase OR if you are looking to consolidate your debt into one place.

On top of that, the Chase Slate is an industry leader because it does not charge any balance transfer fees if you make a transfer within the first 60 days that your account is opened. This is a first for balance transfer offers, as most card companies usually charge $5 or 3% of the transfer, whichever is greater, even when they offer zero percent intro offers for balance transfers.

Now, be aware that you will probably need an excellent credit score to get the Chase Slate card, but it may be worth trying to prequalify on their site even if you don’t have a 740+ score.

Best All-Around Low Rate: Barclaycard Ring Mastercard

With that said, while Chase is able to make an incredible introductory offer to its new customers, Barclaycard has beaten all the rest when it comes to generally low interest rates. Currently, the Ring Mastercard offers an industry-leading 8.24% variable APR on all purchases, balance transfers, and cash advances.

In terms of a low interest rate, this card is the best there is. Almost no one else in the industry has a rate that goes beneath 13.24% for an unsecured card, and that rate being only for the most creditworthy borrowers. With that said, the 8.24% rate is a variable rate that tracks the prime rate, so it is possible that it could increase.

Still, the Ring Mastercard should consistently have a lower rate than all other cards on the market, even when interest rates rise like they just did this December. So, if you have a very large balance that you can’t pay off during an introductory balance transfer period, this card may be a good option to help you save on some of the interest that you would otherwise pay with another credit card.

Low Interest With a Plus: Penfed Promise

The major drawback to low-interest credit cards is that they often don’t offer much in the way of sign-up bonuses or rewards. With the Penfed Promise Visa Card, that doesn’t hold true.

The Penfed Card is another card that has a generally good, all-around low interest rate. It is a variable rate that currently ranges from 10.24% to 17.99% based on your creditworthiness, which is far lower than the current industry average of 13.24-23.24%.

It also gets better because Penfed is currently offering a nice sign-up bonus of $100 when you spend $1500 on their card within 90 days of signing up. Furthermore, this card does not charge an annual fee and has a 4.99% intro APR offer on balance transfers (with no transfer fees) for the first 12 months of your account being open.

Good Upon Invitation: Citi Diamond Preferred

While you don’t technically have to be “invited” in order to apply and be accepted for the Citi Diamond Preferred Card, you are far more likely to be approved for this high-end card in that manner.

Why is it so difficult to get approved? It is because Citi is currently offering one of the best intro APR offers in the industry. For those who are approved, you will receive an incredible introductory APR offer, good for both balance transfers and purchases, of 0% for 21 months from the time you open your account.

Only one other card is currently offering an intro APR for this long of a period–that’s nearly two years! As a result, this card is perfect for either making a very large purchase and paying it down over time or transferring a high-interest balance and paying it off with a little more room to breathe.

However, keep in mind that the balance transfer offer doesn’t come fee-free. For every balance transfer that you make during the introductory period, there will be a fee of $5 or 3% of the total balance that you are transferring–whichever is greater. In many ways, this can tack a good bit of the interest back onto your balance that you would otherwise be avoiding by taking this offer, so be wary.

Citi Simplicity Keeps Interest Simple

The only other card that offers a 21 month, 0% intro APR on balance transfers and purchases? Citi Simplicity. Much like their Diamond Preferred Card, Citi is extending these fantastic offers using their Citi Simplicity card as well. Plus, it is a little bit easier to get approved for too!

This card also does not charge an annual fee, and you will also find that it is a little more gracious than most. The Citi Simplicity Card never charges a late fee for a missed payment, and it doesn’t have any sort of penalty rate.

Given, it doesn’t have some of the cool benefits that Citi offers to its customers with the Diamond Preferred card from time to time, but it also doesn’t face a risky 29.99% penalty APR that those card users face if they ever miss a payment.

There Are Plenty of Options Better Than a Bank

Whether you are paying off a large debt or looking to finance a large purchase with some breathing room, there are plenty of low-interest credit card options out there that may be better than getting, or consolidating, a loan with your local bank.

At the very least, your bank will usually charge you between 3-9% for a personal loan, and they are also known for charging origination and closing fees on new loans or consolidation fees for outstanding credit that you have. In other words, you can save all that interest expense just by obtaining the right low-interest credit card.

Furthermore, always check Credit Karma and the FICO Forums before applying for any card to know your approval odds. Hopefully by doing this you can increase your chances of approval so that you don’t waste hard inquiries and hurt your credit score during the application process.

Top 5 No Annual Fee Credit Cards

Many consumers are in the market for a new credit card, and they want free credit cards. It’s not always simple to find quality no-fee credit cards, but it is possible when you know where to look. Paying to use a card detracts from the profit you make earning cash back or other travel rewards, and it makes no sense to pay to place a credit card in your wallet. If you want free credit cards, there are several on the market for consumers with good to excellent credit that offer you a chance to pay nothing.

Many cards lure consumers by offering to waive the annual fee for one year, but some cards never charge an annual fee. These are the best of the best when it comes to free credit cards for consumers with good enough credit.

Chase Freedom

This no-annual fee credit card is one of the most profitable on the market. Anyone who applies for this card will earn substantial cash back throughout the year on revolving category purchases, as well as a sign-up bonus for meeting spending requirements put in place by Chase.

• Earn $150 cash back when you spend $500 in purchases within three months of opening your account
• Earn 5% cash back on quarterly rotating bonus categories up to $1,500 each quarter
• No APR on purchases or balance transfers for 15 months
• 3% foreign transaction fee

While there are consumers who don’t care much for rotating bonus categories especially when they’re confined by such low spending limits, the introductory APR this card offers is difficult to beat. The rotating categories are easy categories in which to achieve spending limits, which provides cardholders the chance to earn at least $75 cash back each quarter on gas, groceries, entertainment, and restaurants.

Citi Double Cash Card

This no-annual fee card is one of the best in terms of balance transfers. All new cardholders are given 0% APR on all balance transfers for 18 months. Not many cards go that long without charging interest on balance transfers, and this is only one of a handful on the market at the moment to offer such a money-saving perk.

• Earn 1% cash back on all purchases without any spending limits
• Earn an additional 1% cash back each time you pay off your balance
• No annual fees
• Redeem cash back anytime you want

While the perks of this card aren’t flashy, they’re substantial. It’s difficult to find fault in being able to pay off your balances and double the cash back you earn in the process. The double cash card is the only one on the market offering compensation to consumers who pay their balances. This card promotes good credit and no debt, which is one many consumers should consider. It’s balance transfer perk makes it very easy to pay off any other debts you have, which is a significant perk.

Capital One VentureOne Rewards Credit Card

If you love to travel, you’ll love this no-annual fee card. It offers more perks than any other reward card that doesn’t charge an annual fee, and that includes a sign-up bonus as well as unlimited mileage earnings.

• Earn 20,000 bonus miles when you spend $1,000 in three months
• Earn 1.25 miles for every dollar you spend anywhere
• No annual fee
• Use rewards on any airline, any hotel without blackout dates or restrictions
• No foreign transaction fees
• Miles never expires
• 0% APR on purchases for 12 months

Consumers with excellent or even good credit can apply for this card and enjoy the many perks of a no-fee credit card with excellent travel perks. Miles are eligible for use with any hotel or airline, and there are no restrictions to when you can fly or stay. Not every travel card offers that perk, but it’s available with this one.

Discover it

If you want 18 months to pay off your debts, this is the card for you. All new cardholders are given the opportunity to transfer other outstanding balances to this card to enjoy the perks of 18 months without paying any interest.

• Earn 1% cash back on all purchases
• Earn 5% cash back on rotating category purchases each quarter up to $1,500
• No APR on balance transfers for 18 months
• No APR on purchases for 6 months
• No foreign transaction fees

What makes this card stand about a bit more than the Chase Freedom and its similar cash back rewards is the gas category. With Chase, consumers are given cash back on gas purchases, but Discover customers earning escalated cash back in the same category are given cash back for all transportation expenses, including Uber rides, bus rides, and taxi fare.

Capital One Quicksilver Cash Rewards Credit Card

Capital One is good about offering consumers a chance to pay no fee each year while still raking in the perks. Many no-fee cards don’t allow their consumers to earn many points or rewards. Capital One believes in allowing consumers to earn points and save money, which is why so many satisfied customers turn to this company to find a great credit card.

• Earn $100 cash bonus for spending $500 in three months of opening your account
• Earn 1.5% cash back on all purchases
• No limits on cash back earning potential
• No rotating categories
• No APR for 9 months on all purchases and balance transfers
• No annual fee
• No foreign transaction fees

Cash back is a great option for cardholders who use their card on a regular basis, and it’s even better when you can redeem your cash back rewards at your leisure. Have them applied as statement credit each time you earn $25 in cash back, or save your earnings to apply them to your bill following Christmas for substantial savings. This cash back card makes it incredibly simple to earn money and save money on an annual fee.

Credit cards that offer consumers the chance to pay no annual fee aren’t rare. However, it’s not easy to find one with such great rewards as well as no annual fee. These five cards stand out among the rest of the no annual fee cards available to consumers because of that, and the customer service each company offers their customers is outstanding. Other no-annual fee cards are available for consumers, but these are the five cards with the best rating and the highest level of rewards available. They’re similar in nature, but each one offers a little something the rest do not.

Prior to applying for any card, it’s recommended you look at the variable interest rates you might incur when your introductory periods are over. If balance transfers or purchases are not paid in full before that period ends, interest does accrue. Cardholders are not guaranteed an interest rate until their application is complete, and the lower rates are reserved for those applicants whose credit is excellent. The lower your score, the higher your rate when you are approved for any of these cards.

Top 5 Credit Cards for After Bankruptcy

The decision to file for bankruptcy is one that is met with much angst. However, the credit building process can begin once the case has been successfully discharged. You will find that your credit report will take a major hit, but thankfully, there are more than enough credit card companies that are willing to give you a second chance. They realize that to fix your credit you need their services. They also know that you cannot file bankruptcy again for another eight years.

While pre-paid credit cards are one option, you do not have to go that route. You can get an unsecured card and allow it to work for you.

Don’t Accept Every Card That Approves You

One trap that you should not fall into is taking every credit card that is offered to you. There are going to be some cards that you want to say no to. Stay away from cards that offer you a small credit limit with a huge processing fee. Some banks like First Premier Bank offer a $300 credit limit, however, they take away a processing and annual fee away immediately. This leaves customers with about $80 of available credit. If you ask for a joint card, then they will take an additional $20 too.

Be sure to make wise decisions regarding credit to ensure that you don’t end up in the same financial situation you just got out of. If you need to rebuild your credit, here are five credit cards that cater to those people fresh out of bankruptcy.

1. Capitol One Bank

Capitol One Bank has numerous offerings for those who want a good credit card. They specifically have two cards that fit those with fair to bad credit. The Capitol One Platinum Card has a variable interest rate of 24.99 percent and no annual fee. Their Journey Student Master Card has a variable interest rate of 20.24 percent and no annual fee. However, one thing that many people do not know is they are a good option for those who have recently been discharged from bankruptcy. They will give you a credit limit anywhere from $300 to $3,000.

Another perk about building good credit with Capital One is their auto financing division. Keep your credit cards paid on time and they will offer you an auto loan. It always helps to go to the dealer with pre-approved loan paperwork in hand. While the interest rate may be a bit high, they will not charge huge annual fees or any processing that takes all the available credit.

2. Credit One Bank

Credit One Bank will start you out with a lower credit limit, probably under $500, but they do review the account for automatic increases. They have one of the lowest annual fees, anywhere from $0 – $99, and they base the fee on your FICO Score. You need to have fair credit, so if you have a score in the 500’s, you will likely be approved. Check your credit profile before filling out an application for their card. Their variable interest rate is 15.65 percent – 24.15 percent.

To help those with troubled credit, they include a monthly score tracker in with their services. You can watch your score go up and down for free as a perk to being a member.

3. Milestone® Gold MasterCard

As long as you are using your credit responsibly since the Bankruptcy, Milestone will help you out with a credit card. Their annual fee is $75 for the first year, and the price increases to $99 thereafter. All of their credit cards have a starting APR of 23.90 percent. While these are considered their prime offerings, the actual amount will be determined by your credit score. They allow you to choose a custom card design, use online service to pay bills and check account for free, and they have a 24/7 customer service department.

Their pre-qualification form allows you to see if you qualify before pulling your credit report. This saves your report from suffering a hit from a hard inquiry.

4. Indigo® Platinum MasterCard

Indigo is not a company that is widely known, but their cards are accepted at over 35 million locations. Annual fees start as low as $0 and go up to $99 per year. APR rates start at 23.90 percent and increase per the credit score. They are funded through Genesis Bankcard Services, which also funds other credit cards for those with challenged credit. They have been around since 2001, and their headquarters is in Salt Lake City, Utah. They report to all three bureaus to help people rebuild their credit.

Credit limits start at $100 and go up to $5,000. They do have some stipulations on their cards, such as you cannot use them at the fuel pump for gas.

5. Total VISA®

This Visa is issued by the Mid America Bank & Trust Company. While they don’t have any rewards programs or all the bells and whistles of other companies, they do offer fast approval. Now, with this account, you will need to pay a processing fee of $89 before the account will be opened. Fortunately, they will only charge you this amount if your account is approved. They do not bill to your credit card, you will be responsible for making the payment before a card will be released. They do require a checking account with automatic payment withdraw.

They work with people who have the worst credit, so if all others have said no, there is a good chance they will say yes. Their annual fee is $78 for the first year and then it drops to $48 thereafter. There is a monthly service fee of $6.25 billed as one lump charge of $75. The credit limit is $300 for everyone, and they will increase the limit as your credit score improves. Their APR is 29.99 percent for all card holders.

Pre-Paid Credit Cards

As you can see, there are some good options out there to help you rebuild your credit. Another option to consider is pre-paid credit cards. They are one of the hallmarks of credit building and there are numerous to choose from. Be careful of those that charge large fees for their services. There are plenty of cards out there that will let you use their services for next to nothing.

Rebuilding Your Credit

The rebuilding process is often difficult. When you do find the credit card to help you rebuild, make sure that you never spend more than 30 percent of your available credit. The goal is to let the card work for you. If you max out the credit card, it will be counterproductive in helping your credit score. Also, be sure to check your credit report from time to time to make sure things are on the upward swing.

Top 5 Secured Credit Cards

If you want to build your credit or fix your credit, information about the top five secured credit cards can help. It’s difficult to live in today’s world without access to credit:

• A credit card is needed to buy a plane ticket or to stay in a hotel once you arrive at the destination.
• In most states, you’ll need a credit card to rent a car—even if you decide to pay for the rental in cash.
• If the car rental merchant does allow you to pay with a debit card, expect a hefty authorization against available bank funds.

Responsible use of credit cards is important to establishing a good credit rating. Without good credit, it’s more difficult to buy a home or a car at today’s low interest rates.

If you’ve never had credit or if your credit history is bad to fair now, you might not qualify for an unsecured credit card. Look for secured low fee cards to save money.

You need a credit card to establish or build your credit, or fix your credit. That’s where secured credit cards come in. Since not all secured credit cards are created equal, let’s discuss how secured credit cards work. Then, we’ll identify low fee cards that users like now.

What Is a Secured Credit Card?

A secured credit card is a credit line that’s secured by your cash collateral on deposit with the issuer. In most cases, the amount of collateral determines your credit line on the account:

• For instance, if you send $300 to open the account, the card issuer allows you to charge up to a $300 maximum.
• After you’ve maintained the account over a certain period, the issuer may let you increase the deposit and increase your credit line.
• Pay on time and as agreed, and the credit card issuer might extend the credit line without asking for additional cash collateral.

If your credit isn’t perfect, the goal is to find a great secured credit card until you build your credit. A recently discharged bankruptcy or older bank card charge-off can keep you from qualifying for unsecured credit cards. When in doubt about any credit card, contact the issuer and ask questions first. Don’t assume that a secured credit card offer in the mail is preapproved. If you apply for a secured credit card and don’t pass muster, a hard inquiry will remain on your credit files for two years.

Where Do I Apply for a Secured Credit Card?

Becoming a credit union member has its advantages. Many credit unions can help members to get low fee cards. Lower annual percentage rates (APRs) and no or low annual fees to hold the credit card save you money.

If you don’t belong to a community credit union, consider joining before you apply for a new secured credit card. Alternatively, if you’re in the armed forces or affiliated with a branch of service, look for special secured credit card programs there.

How Much Does It Cost to Get a Secured Credit Card?

Many secured card programs require some kind of cash collateral to open an account. Compare annual membership fees and choose the most inexpensive option.

It’s important to study the fine print. Some secured credit cards charge multiple fees to open the account. Your collateral can be consumed by these charges before you make a purchase.

If you want or need a larger credit line, you’ll be asked to submit a higher collateral amount in most instances. The amount of your collateral varies by card issuer. Many secured credit cards have minimum deposits between $300 and $500. The amount of your collateral deposit is used to establish your credit line or, in some cases, determine a percentage higher than the collateral amount.

In some cases, if you make timely payments on the secured credit card account, you’ll automatically qualify for an unsecured credit card. According to the Wall Street Journal, the average time to qualify is about one year.

What Are the Top Five Secured Credit Cards?

Many of the top secured credit cards report to the three major credit reporting agencies (CRAs) as unsecured cards. If you’re concerned about how the issuer reports to the CRAs, it’s important to ask before submitting an application. In the past, some lesser quality secured credit card issuers didn’t report to the CRAs at all. Obviously, if you’re trying to build your credit or fix your credit, it’s essential for Experian, Equifax, and TransUnion to report your payment performance.

Keep in mind that credit card terms and conditions and user agreements can change at any time. Based on user reviews, here are the top five secured credit cards many prefer now:

#5: Capital One Secured MasterCard

Capital One’s secured credit card can help build your credit or fix your credit. Although it’s unclear whether users ever automatically graduate from the secured program to an unsecured card, watch your mailbox as the first 12 months come to a close. Capital One may send additional credit card offers for you to consider.

Take a moment to contact Capital One before you apply, however. Ask how Capital One will dispense your collateral if you’re approved for the new card. Of course, feel free to ask about your likelihood of approval. Unless the letter from Capital One says you’re pre-approved for a new unsecured account, don’t assume that’s the case.

Security Deposits. If you apply for a Capital One secured credit card, you’ll need to establish the maximum credit line at the start. In other words, if you want a $1,000 credit line, you must provide this amount as collateral. You won’t have the option of increasing your credit line by depositing more money with Capital One after that.

It’s possible to receive an unrequested credit line increase from Capital One. The issuer reviews customers’ accounts for possible credit line increases (without the need to deposit new collateral) based upon their responsible use of credit. For instance, if you provided $1,000 collateral and pay on time for six months, Capital One may increase your credit line by a multiple of two or more. Your collateral deposit won’t earn interest.

APR and Fees

If you don’t carry a monthly balance, the Capital One Secured MasterCard is a good deal. There’s no annual fee. Cardholders also receive free access to TransUnion’s credit tracker.

However, if you carry a monthly balance, Capital One charges a 24.99 percent variable rate:

• With interest rates on the rise, your borrowing cost could increase.
• If you want to transfer an existing balance from another card, the same 24.99 percent variable rate applies.
• You won’t be charged a balance transfer fee. If you travel, there are no foreign transaction fees.

If you take a cash advance, the cost of borrowing goes up. The same 24.99 percent variable rate applies plus a three percent transaction fee. The billing period allowance for purchases won’t apply, either, and you’ll start accumulating interest on the cash advance as soon as you receive it. Avoid borrowing cash from the Capital One Secured MasterCard for that reason.

#4: USAA Secured Credit Cards

USAA allows eligible users to choose between a Visa or American Express secured credit card option. Visa is widely accepted, and American Express offers special perks and benefits. For instance, you can use American Express’s concierge service at no additional cost.

Only military members and their families are eligible for USAA secured credit cards. Note that if you’re interested in USAA’s investment programs or life insurance plans, the military eligibility requirement is waived:

• If you’re eligible for a USAA secured credit card, your collateral deposit is used to fund a two-year certificate of deposit (CD) at USAA Bank. (You won’t earn a lot on the CD because interest rates are at or close to historic lows.)
• If you decide to increase the credit line, it’s possible to add to your deposit.
• USAA offers secured cardholders cash rewards (see issuer details about the cash rewards program).

APR and Fees

The USAA secured credit card carries an APR ranging from 10.15 percent to more than 20 percent. USAA assigns an APR based on your credit scores:

• USAA secured credit cards have a zero penalty APR.
• The amount of security collateral in the CD account establishes the credit line. This two-year term is fixed.
• Balance transfers are computed against the APR range (10.15 percent or more). There is a three percent transfer fee and a maximum USD 200 fee. You won’t pay a fee if transferring money from a USAA secured credit card to the deposit account.
• There are zero foreign transaction fees.
• Cash advances start accruing interest right away. Don’t withdraw cash from a USAA secured credit card.
• The annual fee is USD 35/year. (This is a high-average secured credit card annual fee.)
• Late payment fees are USD 25/first late payment (six months) increasing to USD 35. USAA charges USD 25 for returned checks (first returned check in six months) increasing to USD 35.

Military Benefits

USAA offers many benefits to military members and families, including:

• Deployment or PCS rate: Four percent on balances up to 12 months during deployment/PCS.
• If you’re carrying a balance on the USAA secured card when you become active duty, you receive a four percent APR on the balance (up to 12 months after you return from active duty).
• If you’re active duty, you receive a rebate on interest that accrued during your period of campaign service.

There are many valuable benefits offered to USAA secured credit cardholders. USAA users say this is a valuable secured credit card program.

#3: Discover it Secured Credit Card

Several years ago, applicants for the Discover it secured credit card had to apply for the unsecured version first. If denied, Discover was supposed to refer applicants to the unsecured program but that didn’t always happen.

Today, it’s possible to apply for the Discover it secured card from the start to fix your credit. Discover will automatically review payment history data to determine if and when you may graduate to an unsecured card. Discover automatically refunds the cardholder’s collateral deposit at that time.

If you’re concerned about CRA reporting, it’s possible that Discover might report the Discover it secured card as a secured card. Ask Discover about this fact if you’re concerned that a reporting secured card could lessen your chances of getting credit elsewhere.

Rewards

The Discover it Secured card pays one percent cashback on each purchase:

• You receive two percent at gas stations and restaurants up to USD 1,000 per quarter.
• After the cap is reached, you earn one percent on purchases.
• Once your account is open and in good standing for at least 12 bill cycles, Discover doubles the cashback bonus.

APR and Fees

The Discover it secured credit card has a variable 23 plus percent APR:

• If you don’t plan to carry a balance from month to month, don’t worry about the APR. Pay all balances before they’re due.
• Like other secured credit cards, the Discover it secured card requires a collateral deposit to establish the credit line (from USD 200 to 2,500).
• Check special balance transfer deals. As of this writing, Discover it secured card’s transfer fee is three percent.
• Don’t take cash from your Discover it credit card. You’ll pay more than 25 percent plus a five percent transaction fee.
• There’s no annual fee or foreign transaction fee structure.
• The first late payment fee is waived but, after that, you’re charged USD 35.

Pay your secured credit card bill on time and, preferably, in full. Maintain low balances and soon you’ll build good credit.

Users report that the Discover it secured card is a great credit card. It’s one of the few secured cards that offer cashback rewards. If you want to check how your FICO credit score is improving, Discover it secured credit card offers free access to TransUnion’s FICO score. When you’re ready to graduate to an unsecured credit card, Discover it lets you know in writing that your security collateral deposit is being returned within a short time.

Savings Secured Visa Platinum Card: The State Department Federal Credit Union

Some credit unions, like the State Department Federal Credit Union, offer outstanding secured credit cards to their members. This secured credit card adds a bit of extra cache’ to your wallet while rebuilding your credit.

Anyone can join the State Department Federal Credit Union even if you’ve never worked for the State Department. You must become a member of the credit union to apply for the Savings Secured Visa Platinum card and it’s easy to join.

Simply get a job at the U.S. Department of State or pay USD 15 to the American Consumer Council to secure lifetime membership.

Like most secured credit cards, applying for the Savings Secured Visa Platinum card will create an inquiry on your credit reports. Expect your credit score to decline a few points from the inquiry. When the new credit line appears on your Experian, Equifax, and TransUnion reports, you may see your score drop 10 to 50 points. It’s important to limit the number of credit card applications you make within a short time. Focus instead on limiting the number of credit cards in your wallet and then pay your bills on time each month.

Flexpoint Rewards

Cardholders receive a flexpoint per dollar spent. If you maintain a checking account at the State Department Federal Credit Union, you’ll automatically increase your flexpoints. Use flexpoints for credit union special offers.

APR and Fees

If you plan to carry a balance on your secured credit card, consider the Savings Secured Visa Platinum card:

• The current APR is variable 7.24 percent APR.
• There’s no annual fee to hold the card.
• Zero foreign transaction fees for cardholders.

You must make a minimum collateral deposit of USD 250, and you earn interest from the credit union. Like many other secured credit cards, your collateral deposit establishes the amount of the credit line.

#1: Navy Federal Credit Union nRewards Card

In order to qualify for the Navy Federal Credit Union nRewards secured card, you must be in the military (or a close relation of someone in the military):

• Eligibility for the program is met if you’re family – household military member agrees to sponsor you for the program.
• Navy Federal requires a minimum USD 500 collateral deposit to open the secured credit card. If you need a larger credit line, deposit more money.
• If you’re hoping to build your credit, or fix your credit, the Navy Federal secured card could be a valuable option. This card reports as an unsecured card to CRAs.

Rewards Points

Members earn one point for each dollar they spend. Points are redeemable for gifts or gift cards. For instance, you can earn a USD 25 restaurant gift card for each 3,500 points accumulated. Reward points are unlimited but they do expire. Plan to use points earned within four years.

APR and Fees

The Navy Federal secured card offers a flexible APR rate structure:

• Good credit is rewarded with a lower APR.
• Fair credit means you’ll pay more to carry a balance on this card (up to 18 percent APR).
• Qualified cardholders can score low balance transfer rates and no transfer fees.
• No foreign transaction fees.
• Cardholders aren’t charged an annual fee.

Don’t withdraw cash from your card because, like other secured cards and most unsecured credit cards, you’ll pay more for the privilege.

Top 5 Balance Transfer Credit Cards

Transferring high-interest credit card debt to a new credit card with a lower interest rate can help you pay off your debt faster and save hundreds or thousands in interest charges. There are two main types of balance transfer cards: those with a 0% introductory APR for a certain amount of time and those that offer an ongoing low interest rate. With the former, you will pay no interest charges while you pay off your balance for up to 21 months.

Before choosing a balance transfer credit card, it’s important to keep a few things in mind. Always check if the card has a balance transfer fee, which is a percentage of your transferred balance that is added to your new balance. Most cards card a balance transfer fee of 3-5%, but some cards waive this fee to save you even more. Make sure you calculate your savings as well to make sure the fee is worth it and you will pay less in interest if you don’t have the balance paid off before the promotion ends.

To give you an idea of how much a balance transfer can save you, assume you have a $10,000 balance on a credit card with a 22% interest rate and a $281 minimum payment. If you only make minimum payments, it would take 27 years to pay off that balance and cost $9,000 in fees!

If you transfer the balance to a card with a 15-month 0% offer and no balance transfer fee, however, you can pay it off in 39 months with only $810 in interest charges.

Here are five of the best balance transfer credit cards available to help you improve your credit and pay off your credit card debt for good.

Chase Slate Card

The Chase Slate offers one of the best balance transfer offers available if you qualify. While most credit cards require paying a balance transfer fee of 3-4% — even with a 0% introductory offer — the Chase Slate waives the balance transfer fee for any transfers during the first 60 days. The 0% introductory APR applies for the first 15 months, followed by an ongoing low interest rate of 13.24% to 23.24%.

While the Slate card doesn’t have the longest 0% interest offer, it makes up for this by waiving the balance transfer fee. The larger the balance you transfer, the more this can save you. Even better, the card has no penalty APR if you miss a payment and there is no annual fee. Keep in mind you are limited to transferring $15,000, no matter your credit limit. Any balances transferred after the first 60 days will be subject to a 5% balance transfer fee so be sure you transfer your balances as soon as possible. Unlike most balance transfer credit cards, the Chase Slate only requires average credit.

Discover it Card

The Discover it is best known for its amazing rewards program with 5% cash back on up to $1,500 per quarter in rotating bonus categories and 1% cash back on everything else. The card also has another nice perk: one of the longest 0% APR balance transfer deals in the industry.

With the Discover it card, you a 0% introductory APR on all balance transfers for 18 months and 0% APR on purchases for 6 months. The card also has a low interest rate afterward starting at 11.24%. With no annual fee, you can transfer a balance and potentially save hundreds or thousands in interest charges. One major drawback is this card has a balance transfer fee of 3%, or $30 for every $1,000 you transfer. Make sure you take this into consideration before transferring a balance. You will also need a good FICO score to qualify for the Discover it card.

Citi Simplicity Card

The Citi Simplicity wins for the longest 0% APR offer available. With the Citi Simplicity, you will enjoy a 0% intro APR for a full 21 months on balance transfers. If you have a large balance and need extra time to pay off debt, this card is a good choice. You will still need to pay a balance transfer fee of 3% of the transferred balance, or $30 for every $1,000.

The Citi Simplicity card has more to offer than its balance transfer deal, however. This card is designed to be straightforward with no rewards program. The Simplicity has no annual fee, no late fees, and no penalty APR if you make a late payment. You will need a good credit score to qualify.

Barclaycard Ring Mastercard

Not all balance transfer cards come with a 0% interest promotion, but that doesn’t mean you should write them off. The Barclaycard Ring Mastercard is one of the most unique credit cards available as the only crowdsourced credit card. Cardmembers vote on the features and fees for this card and enjoy the benefits.

The Ring has a variable APR of just 8.25% that applies to purchases, balance transfers, and cash advances. This is one of the lowest interest rates you can get and it even applies to cash advances, a true rarity. With a low APR, you can save hundreds on interest charges as you pay down your debt. The card also has no balance transfer fees to save even more.

Additional features you may appreciate include no foreign transaction fees, no annual fee, and free access to your FICO score to help you fix your credit. You will also have a say in which features make its way into the credit card to shape the product you are using.

Citi Double Cash Card

Want to pay off your debt while still enjoying a credit card with a solid rewards program? The Citi Double Cash card is unique in that it doesn’t just reward you for spending — it also rewards you for paying off debt. This card gives you 1% cash back on all purchases and another 1% back as you pay off your balance. It also offers a great balance transfer offer: get an introductory 0% APR for 18 months on balance transfers with an ongoing low APR of 13.24% to 23.24% afterward.

While the Double Cash card combines rewards for responsible credit use with a very long 0% interest offer, keep in mind you still need to pay a 3% balance transfer fee on transferred balances. You will also need good credit. This card is a good choice if you want a card you will keep using after you pay off your balance and like the idea of being rewarded for paying your bills.

Top 5 Best Daily Use Credit Cards

Everyday spending is something most of us do regularly, and it there’s nothing better than being paid with rewards points, cash back, and other bonuses to do that. If you’re in the market for an everyday credit card perfect for use at any location, you’re going to want one that pays you to shop.

When you use this card to grocery shop, pay your monthly bills and expenses, and you use it to pick up anything else you need, you’re going to earn points, miles, or cash back at a rapid rate.

The only way to take advantage of a card like this is to pay the balance in full each month. This allows you to maximize your rewards, keep your credit score high, and still end up with perks other consumers don’t have. These are the five credit cards that fall into the category of best credit card for the average person.

Citi Double Cash Card

It’s not easy to find consumers who don’t enjoy the Citi Double Cash Card. Cash back cards are exceptionally popular for everyday use, and this one is among the best. There aren’t many frills associated with the Citi Double Cash Card, and that’s just another perk of carrying this card versus any others.

• Earn 1% cash back on all purchases
• Earn 1% cash back each time you pay off a purchase
• There’s no annual fee

Cardholders aren’t going to see a sign-up bonus with this card. They’re not going to get flashy points or miles, or be able to get any upgrades on flights or in hotels.

However, this card is a consumer favorite because it highlights and rewards responsible use. It’s the only card on the market that drives consumers to maintain a great credit score by paying off their balance in full each month. Consumers are paid to remain debt-free, which is why this is one of the most popular everyday use cards on the market.

Amex EveryDay Preferred Credit Card

When you use this card to make at least $1,000 in purchases during the first three months of your new card, you’ll earn 15,000 membership rewards points. These points can be used for travel redemptions such as airline tickets, hotel rooms, rental cars, and entertainment.

This is a great card for everyday use because the rewards points you accrue with the card can be broken down to equal more value per point than most other rewards cards available.

• 0% APR on balance transfers and purchases for 12 months
• $95 annual fee
• Earn 3 points for every dollar spent at the supermarket up to $6,000 per year
• Earn 2 points for every dollar spent on gas station purchases
• Earn 1 point for every dollar spent on all other purchases

What cardmembers love about this card is they are rewarded for using it regularly. if you use your card for 30 or more purchases in a single billing period, you earn 50% more rewards points. Let’s say you spend $1,500 at the supermarket, $500 on gas, $500 at restaurants, and $3,000 on your other expenses and shopping, and you did this over the course of 35 purchases in a single billing period. That’s 9,000 points earned for the month, and you get to add 50% more to make it 13,500 points for the month.

Barclaycard Arrival Plus World Elite MasterCard

If you love to travel, this is a great card for your everyday purchases. Each dollar you spend earns 2 miles. There are no restrictions, no limits, and there is nothing you can buy that won’t earn you this many points. It’s more than most cards offer to any cardholder for everyday purchases, which is why frequent travelers prefer this card to the other cards available.

• Earn 40,000 bonus miles when you spend $3,000 in the first three months you own this card
• Earn 2 points for every dollar spent
• Redeem your rewards for statement credits
• Earn 5% of your miles back each time you redeem them for a statement credit or book travel using your miles
• Annual fee is waived for one year
• $89 annual fee beginning year two

The miles you earn using this card are valued at approximately 1.05 cents per mile, which his higher than almost any other mileage cards. You can get a little more for every dollar you spend, which makes this card more profitable to have in your wallet.

Chase Freedom Unlimited

This is a fairly new card from Chase, but it’s one people are falling in love with. The unlimited earning potential this card offers makes it one consumers can’t get enough of. With no restrictions on how many points you can earn, it’s one of the easiest cards to use daily.

• Earn 1.5% cash back on every purchase without limits
• Earn $150 cash back bonus if you can spend $500 in the first three months your account is open
• Earn $25 cash bonus when you add an authorized user to your account and they make any purchase in the first three months your account is open
• Cash back is redeemable at any time in any amount
• No annual fee

Being able to buy anything you want and earning more cash back than most cards offer without worrying about revolving rewards or limitations makes it much easier to use on a daily basis.

Starwood Preferred Guest Credit Card from American Express

Everyday cards aren’t limited to cash back cards, because many everyday shoppers love to earn travel rewards. The Starwood Preferred Guest card is one of the best hotel cards for everyday use, because it benefits users immensely.

• Earn 25,000 bonus Starpoints when you spend $3,000 in three months
• No annual fee for one year
• Annual fee is $95 each year after
• Earn 5 points for every dollar you spend at any Starwood property
• Earn 2 points per dollar at any Marriott property
• Earn 1 point for every dollar spent elsewhere
• Free in room internet service
• No foreign transaction fees

Carrying this card allows you to earn major points with purchases at hotels all over the world, including hotels not in the Starwood brand at a higher rate. The points are some of the most valuable points in terms of redemption with hotels, which leaves you with ample room to spend.

Each of these credit cards is exemplary for everyday use, and each one offers substantial points for anyone who wants to earn a bonus for their everyday spending. If you use one of these everyday cards as often as possible, you give yourself the opportunity to get paid to shop, to get paid to pay your bills, and to get paid to vacation. Redeeming free hotel nights, free airline tickets or upgrades, and redeeming cash back feels good, and it feels even better when it’s earned doing something you must do regardless. Each card requires applicants with good to excellent credit, and they’re the best all-around cards available right now.

Top 5 Student Credit Cards

If you are studying at college, one of the most important lessons you can learn is how to manage your money. Having access to a credit card can help you learn how to manage credit and your finances more efficiently. It seems like every credit card company has a card tailored for students, but how can you find the best card? Which cards offer the best student deals?

There are several types of cards to look at and see which offer the best student deals. Rewards cards are popular because they provide a reward to card users. The more you use your card, the more points you get to buy rewards. Another popular type of card is the cash back card that provides a percentage in cash back to the cardholder depending on how much they spend. This cash back can come in very handy for students on a tight budget, especially between semesters. Finally, some cards forgo rewards and cash back to provide a low interest rate.

Here’s a list of the top 5 student credit cards. You’ll certainly find one or more than can help you achieve your financial goals.

Capital One Journey Student Rewards

The first card on the list is one from Capital One. The Capital One Journey Students Rewards card is the flagship student card for Capital One. As a major credit card issuer and auto finance company, they are an important company for students to build a relationship with. There are several good benefits to the Capital One Student card.

• 1% cash back on all purchase, pay on time and it increases to 1.25% cash back
• No foreign transaction fees
• Higher credit line after 5 on-time payments in a row
• No annual fee
• Unlimited Credit Score access

If you are planning to do a study abroad semester or year, the Capital One Journey Student Rewards card could give significant savings because it’s set up for international travel with their zero foreign transaction fees. Another bonus is the higher credit line and cash back percentage just from making your payments on time.

BankAmericard Cash Rewards for Students

Next up is a student card from Bank of America. The BankAmericard Cash Rewards for Students is a cash rewards card designed for students. The card is designed to provide solid cash rewards as students learn how to use credit responsibly. Check out some of the benefits of this card:

• Get 1% cash back on all purchases, 2% cash back on groceries and 3% cash back for gas purchases
• Get $100 in a welcome bonus after spending $500 on your card in the first 90 days.
• Free FICO Score
• No Annual Fee
• 0% Interest for the first 12 billing cycles

The cash rewards seem pretty standard for a cash rewards card and FICO score is becoming standard for credit cards. The 0% interest for the first 12 billing cycles is a very good deal. It not only applies to purchases but also any balances transferred in during the first 60 days the account is open. The $100 Welcome Bonus is very good if you make the BankAmericard Cash Rewards for Students card your main card.

Citi ThankYou Preferred Rewards for Students

Citibank has an interesting rewards card for students. The Citi ThankYou Preferred Rewards for Students credit card is touted by Citibank as their best card for students. The card awards Thank You points for purchases on the account. These Thank You points can be used for rewards like gift cards, travel rewards, and even cash.

Like other Citi cards, it comes with Citi Private Pass. It’s an entertainment pass that gives you access to tickets to special events. It also comes with Price Rewind that can automatically provide you with a refund if a purchase of yours is found cheaper.

Here are some of the features of this card:

• 2500 bonus Thank You points by spending $500 within the first 3 months
• 0% APR for the first 7 months
• No Annual Fee

While the points can be converted to cash, most of the value for the Thank You points are in using them to purchase the rewards. The 2500 Bonus points are useful if there are rewards that you want to buy and certainly are worthwhile. The 0% APR for 7 months is not as generous as other offers, but it does represent some good savings.

The biggest reason to get a student credit card with Citibank is that you’ll start building a credit relationship with them. They are one of the premier credit card issuers.

US Bank College Visa

US Bank isn’t that well known when it comes to credit cards, but they have a Visa card that makes the grade. The US Bank College Visa is a very basic Visa card focused on students. It doesn’t have any rewards or cash back, but it does provide a few basic card features. It’s a card for students wanting to build their credit who might already have a US Bank relationship.

The main features of the card follow:

• No annual fee
• Variable Interest rates as low as 12.24%
• Easy integration with US Bank account

The interest rate range on the US Bank College Visa is a little lower than the other cards in this list make it a low interest rate card. The controls and easy payment options, especially if you have a US Bank account, make it very easy to make your payments on time and build your credit.

Discover IT for Students

The Discover Card may not have the name recognition that Visa or Mastercard does, but it’s still one of the four major credit card companies in the US. They have one of the best credit cards for students. It’s the Discover IT for Students. It’s got a load of features that are very consumer friendly. For students, it’s a great choice.

• No annual fee
• No foreign transaction fees
• 5% cash back on rotating categories and 1% cash back on everything else
• First-year cash back matching for new card members
• Cash Back for good grades
• Switch your card on or off from an app
• No Late fee on first late payment

These are just a few of the features that sets the Discover IT for Students card apart from other cards. With multiple ways to earn cash back and not needing to worry if you misplace your card, they have the features that students expect in a card.

There is a trade-off when it comes to places that accept Discover Card. The big retailers all take the Discover IT card including Walmart and Amazon. Your school may or may not accept it, though Discover says they can be used in nearly as many places in the US as Visa or Mastercard cards.

While there are no foreign transaction fees, Discover card acceptance outside the US is abysmal. One notable exception is Mainland China. Generally outside of the major Chinese cities, Visa and Mastercard cards simply don’t work. Because of its agreement with UnionPay, Discover cards are accepted anywhere UnionPay cards are accepted which is pretty much everywhere in Mainland China. If you are doing a study abroad in China, you need the Discover IT student card.

Overview

It may be hard to figure out which card is the best for your personal situation in college from these top 5 student credit cards. Don’t worry, you aren’t limited to just one choice. You can choose more than one card to help get your financial education started. By paying attention to the features that make the most sense to your situation, you can ensure that you have the cards you need to build your credit and prepare to start your career after university.

Top 5 Business Credit Cards

Small or large, businesses can’t survive without a business credit card. It makes purchases, travel, and keeping adequate business expense records simpler and more effective, and it helps the overall growth of a company. Small business credit cards help small business owners get their business up and running from the start, and the features of business credit cards are what help business owners decide which card is right for their venture.

Whether it’s features such as currency transfer, no foreign transaction fees, or cash back, the features of business credit cards matter more to business owners than anyone else. Here are the best business credit cards of the year narrowed by their best features for business owners.

The Enhanced Business Platinum Card from American Express OPEN – Best for Airport Lounge Access

If you own a business and spend ample time traveling to visit clients or projects, you might want to have a card that offers the best airport lounge access. Work travel is tedious at best, and spending ample time in the airport is made more comfortable when it’s in an airport lounge. This card offers significant perks for those who travel for business, but it comes with a hefty $450 annual fee.

• Earn 50,000 membership rewards points after spending $5,000 in three months
• Earn 50,000 additional rewards points after spending $10,000 in three months
• Access to 900 airport lounges across the world
• Free Priority Pass Select is free
• Free Gogo and Boingo Wi-Fi
• $200 annual airline incidentals statement credit
• Earn 2 points for every dollar spent booking travel through American Express
• 1 point for every dollar spent elsewhere
• No credit limit

This is not a credit card. It’s a charge card, which means the balance is due in full each month. It’s a great card for disciplined business owners who will pay the balance in full each month, and it’s also great for helping keep business credit clean and open.

Chase Ink Business Cash Credit Card – Best for Cash Back Rewards

Chase offers some of the best cards on the market for anyone, and the lender has not forgotten about business owners big or small. This card offers substantial cash back each year when it’s used regularly.

• Earn $300 cash when you spend $3,000 in three months
• No annual fee
• 5% cash back on office supply purchases
• 5% cash back on cell phone plans and purchases
• 5% cash back on internet, cable, and landline phone service
• 2% cash back on gas station and restaurant purchases
• No APR on balance transfers and purchases for one year

The cash back earnings are up to $25,000 per year, and the rate of earnings following that capped limit is 1% cash back. Business owners can order cards for their employees at no charge, and each employee card is fully customizable so business owners can set spending limits for each employee based on their spending habits and job description.

Capital One Spark Miles for Business – Best for Travel Rewards

Business owners who travel a lot to no specific location or to any specific hotel brand or airline love this card. The travel rewards are impressive, and the customer service with Capital One is among the best in the business.

• Earn 50,000 miles when you spend $4,500 in three months
• No annual fee for one year, $59 per year after that
• 2 points for every dollar spent anywhere you go
• Employee cards are free
• Quarterly itemized statements for all business owners

Business owners love this card because of the high rates of rewards. The 2 points for every dollar is not limited to a specific category or co-brand, and it’s unlimited. Many cards cap the amount businesses can earn such a high rate of rewards, but not the Capital One Spark Miles for Business card. No matter how much you spend, you earn 2 points for every dollar.

SimplyCash Plus Business Credit Card from American Express – Best for Small Business Owners

If you’re a small business looking for a big credit card, this is the one for you. It’s a great card for making your business spending easier and more comprehensive. It also offers a nice sign-up bonus, which is exceptionally helpful for many small business owners.

• Earn $250 statement credit for spending $5,000 in six months
• Earn $250 statement credit for spending $10,000 in one year
• No annual fee
• No APR on purchases for nine months
• Purchase Protection Plan for 90 days on all purchases
• Earn 5% cash back on all office supplies and cell phone purchases
• 3% cash back on purchases from the category of your choice
• 1% cash back on all other purchases

This card is beneficial to small business owners because it lacks an annual fee, which is often expensive for those who are running a small business. It’s all profit, and it’s going to put a substantial amount of cash in your pocket each year just for using the card to make your business purchases.

Gold Delta SkyMiles Business Credit Card from American Express – Best for Delta-Loyal Travelers

Delta is one of the largest airlines in the country, which means many business owners are loyal to the brand. If you prefer to earn free miles and flights with an airline you trust and use frequently, this is the best business credit card for you and your business.

• Earn 30,000 miles when you spend $3,000 in three months
• Earn $50 statement credit when you make one purchase with Delta in three months
• Earn 2 miles for every dollar spent with Delta
• Earn 1 point for every dollar with any other purchase
• SkyMiles are redeemable for travel, statement credits, gift cards, merchandise, cash, and more
• No annual fee for one year, $95 per year after that
• No introductory APR
• Priority boarding on all Delta flights
• First checked bag per passenger is always free
• 20% off all in-flight purchases when you use the card to make the purchase

The Delta SkyMiles card for business is best for business owners who need to travel frequently and save money on the things that cost the most. Business owners understand it’s often the littlest things that make the most substantial differences, which is why they want to save money on things like checked luggage on every flight and discounts on-board. These fees add up significantly for frequent travelers, and the savings exceed thousands of dollars each year for businesses that spend ample time in the airport for business travel.

Business credit cards are highly personal to each business owner. What works most for you and your business practices and spending habits might not always correlate with what works best for another business owner. Calculating your spending habits, your business needs, and what works for you in the most financially beneficial way is what helps makes the business credit card decision simpler. Choose what works for you, and your business credit card will work for you.

Top 5 Credit Cards for Earning Gas Rewards

Gas rewards cards are an easy way to earn free gas in the form of rebates and discounts. When choosing a good gas credit card, keep in mind there are two main options: general rewards cards that offer a high cash back rate on gasoline and gas station credit cards, which typically only earn rebates toward gas purchases at branded stations.

Here’s a look at the five best credit cards that earn gas rewards.

Costco Anywhere Visa by Citi

In 2016, Costco ditched its long relationship with American Express and unveiled the new Costco branded card with an even better rewards program. The new Costco Anywhere Visa is hard to beat if you’re a Costco member with the ability to earn rewards on Costco purchases and everything else.

The Costco Anywhere card has the best cash back rate on gas among nationwide credit cards. You’ll earn:

• 4% cash back on gasoline, including gas purchased at Costco, on the first $7,000 per year (then 1%)
• 3% back on travel and restaurant purchases
• 2% back on Costco purchases
• 1% back on everything else

Along with earning a very high 4% back on gasoline, it’s important to note that you actually earn the same high rewards rate on discount gasoline purchased at Costco. Many other gas cards, by comparison, specifically exclude warehouse purchases from their boosted rewards rate, meaning you need to buy gas at a stand-alone gas station with most rewards cards.

The Costco Anywhere Visa has no annual fee, but it does require a paid Costco membership of $55. The main downside of the card is your rewards are redeemed as an annual credit card reward certificate on your February statement that can be redeemed for cash or merchandise at Costco. While this does remove a great deal of flexibility, the high rewards rate makes up for the disadvantage.

American Express Blue Cash Preferred

The American Express Blue Cash Preferred card is one of the most popular gas credit cards that also rewards you for other common household spending categories. With the Blue Cash Preferred, you will earn:

• 6% cash back at supermarkets on the first $6,000 per year (1% afterward)
• 3% back at U.S. gas stations and department stores
• 1% cash back on all other spending
• 10% back on Amazon.com purchases during the first 6 months (up to $200)

The Blue Cash Preferred card has a fairly decent signup bonus worth up to $350. You can earn up to $200 cash back on Amazon spending during your first 6 months and earn a $150 cash back statement credit after spending $1,000 during the first three months.

The Blue Cash Preferred card has a $95 annual fee, although it’s worth it if you use the card for grocery, gas, and department store spending. If you hit the $6,000 cap on supermarket spending, for example, by spending an average of $500 a month, you can earn $360 back a month. The gas reward rate is also unlimited.

PenFed Ultimate Cash Rewards Visa

The PenFed Ultimate Cash Rewards card has the very best gas rewards rate in the industry, although the card is only available to active Pentagon Federal Credit Union members.

To qualify, you will need to become a member by making a $20 or more donation to an eligible charity or qualify based on government work or military affiliations. You also need to maintain an active account with the credit union to avoid paying an annual fee and keep the excellent rewards rate.

The PenFed Ultimate Cash Rewards card offers an impressive rewards rate:

• 5% unlimited cash back on gas
• 3% unlimited cash back at supermarkets
• 1% back on everything else

The card has no annual fee as long as you maintain eligibility. If you don’t, you will automatically be dropped down to the standard Visa card with a reduced 3% rewards rate on gas and a $25 annual fee.

BP Visa Credit Card

The BP Visa is one of the best all-around gas station credit cards that earns gas points redeemable for rebates on BP gas. Issued by Synchrony Bank, the BP earns 5% rewards on BP charges plus 3% back on dining, travel, and groceries. You earn a flat 1% back on all other spending.

The BP Visa rewards program is a bit confusing at first glance because you don’t actually earn cash back but rebates on gas:

• $0.25 off per gallon for every $100 you spend at BP
• $0.15 off per gallon for every $100 spent on eligible travel, dining, and groceries
• $0.05 off per gallon for every $100 spent everywhere else, except non-BP gas stations

During the first 90 days, the reward rate is boosted to $0.25 off per gallon for every $100 you spend everywhere, with the exception of non-BP gas stations which earn no rewards. You can also earn a $20 cash back statement credit after making a purchase within 60 days.

The BP Visa has no annual fee and it’s a good choice if you often fill up at BP. Your rewards can be redeemed directly at BP gas pumps and you can choose which type of rebate ($0.25, $0.15, or $0.05 off) to use at each fill-up.

Unfortunately, there are a few drawbacks to the program. When you want to use your rebates, you can only apply them to one fill-up and your rebates will only apply to the first 20 gallons of any fill-up.

Chase Freedom

The Chase Freedom isn’t strictly a gas credit card as it doesn’t always earn a boosted reward rate for gas purchases. Still, you have the potential to earn 5% cash back on gas. The Chase Freedom card has rotating bonus categories that change every quarter and often include popular spending categories like gasoline, wholesale clubs, department stores, and groceries. Spending in bonus categories is capped at 5% on the first $1,500 in combined spending each quarter. All other spending earns 1% back.

The Chase Freedom has no annual fee and a $150 cash back signup bonus once you spend $500 during the first 3 months. While it doesn’t always offer gasoline at a boosted cash back rate, it’s still an excellent card for earning gas discounts. One downside to keep in mind is you need to activate bonus categories every month by the deadline if you want to earn 5% cash back on your eligible purchases.

Top 5 Pre-Approved Credit Cards

Your credit history plays a significant role in your financial endeavors. People with good credit history enjoy healthy relationships with most financial institutions. Among the benefits enjoyed by people whose credit history is impeccable is a preapproved credit card.

A pre-approved card is an offer given to select candidates who meet certain underwriting criteria of credit card issuers. The card issuer checks your consumer report from the three credit bureaus after which they send you a mail, informing you that they have preapproved you for a particular credit card.

In most cases, people with a good credit score are the ones selected as candidates. After receiving the pre-approved offer, you can choose to accept or dismiss it. However, most people are not able to determine the financial benefits that the offer can give them.

Accepting the offer in your mail does not guarantee instant approval credit card; your credit issuer may turn down the offer upon a further credit check. Below are some factors that can help you decide to either accept or turn down an offer:

• Checking details of a prescreened offer does not affect your credit history.
• You have the freedom of stopping prescreened offers for as long as you want.
• Prescreened credit cards have more offers compared to the regular credit cards. For instance, you can get the advantage of 0% balance transfers.
• You get cash back offers after spending some amount of a specified time
• Lower interest rates when purchasing goods.
• You get easy approval compared to the direct application of a credit card.

Here are some of the best-preapproved cards that you should consider accepting if they pop up an offer into your mail.

American Express’ Blue Cash Preferred Card

American Express’ Blue Cash Preferred card comes with a lot of benefits that can be a relief to your financial life. New users who apply for the card receive a bonus of 10% money back on all purchases transacted on Amazon.

The 10% bonus is valid for the first six months of owning the Blue Cash Preferred Card. Also remember that the maximum bonus amount you can receive in this bonus is $200. Additionally, American Express will give you $150 money back if you spend $1000 within the first three months of owning the card.

In the initial year of the card ownership, you will be charged 0% APR on balance transfers and purchases. After the 12 bonus period is depleted, your APR will be charged at a rate falling between 13.24%-23.24%. The APR rate will depend on your credit score and other underwriting factors.

Other Blue Cash Preferred Card bonuses that you will receive are;

• 6% cash back bonus on purchases done in US supermarkets per year.
• 3% cash back on purchases done at US gas stations.
• 1% cash back on other purchases not listed above.

All cash back bonuses are received in the form of reward dollars. Therefore, the rewards are redeemable as a statement credit. The annual fee for the card is $95.

Citibank’s Citi Simplicity Credit Card

The Citi Simplicity credit card is designed to simplify your savings. The top benefits of this card are beneficial is the fact that you will never receive a penalty for late fees and you won’t pay an annual fee.

After acquiring the Citi Simplicity Credit Card, Citibank gives you the freedom to enjoy 0% APR for the initial 21 months after enrolment. The 0% APR applies to credit transfer transactions and purchases.

After the bonus period is depleted, your APR will fall within 13.24%-23.24% depending on your credit score. You will also be charged a 3% of amounts transferred. Your application will take a maximum of four weeks to complete.

Purchases are charged a minimum interest charge of $0.50. Foreign purchases will be charged a rate of 3% for the total purchase amount. You can check if you pre-qualify for the benefits by entering your name, address, and last four digits of your social security number. Inquiries do not affect your credit score.

Capital One’s Platinum Credit Card

There are very many reasons you can approve a pre-approval request from Capital One. If you apply for the Platinum Credit Card, you will stand a chance to enjoy the $0 annual fee that comes along with benefits like;

• Using the card helps to boost your credit score. Ensure that your first monthly payments are timely to get the advantage of increasing your credit score.
• If your Platinum Credit card gets lost, you don’t need to fear of paying a fraud liability fee.
• Capital One gives you the benefit of monitoring the progress of your credit score.
• You won’t be charged a transfer fee.

Your account will be monitored, and capital one will notify you whenever they realize a suspicious activity. Likewise, you will be asked to pick your suitable due date and payment method. It saves you from harming your credit score by failing to meet the unrealistic deadlines set by some credit issues.

In case you have trouble with your account, contact Capital One’s customer desk which is accessible online or through phone contact. The customer representatives are available for 24 hours a day.

Discover’s Secured Credit Card

To find your offer on Discover, you have to fill a form with your name and your social security number. The data you give is used to determine the offers that you are eligible for. Therefore, you credit score will not be affected.

You will be required to make a refundable security deposit in which the minimum amount is $200. With the card, you will start enjoying benefits like;

• 1% cash back on all purchases.
• 2% cash back on purchases are done in eateries and or gas stations.
• During the first year, Discover matches all cash back earned.
• You will not be paying the annual card fee.
• Discover has a standard APR of 23.24%
• You will be receiving free monthly updates of your credit score.
• Customers with a good credit record will be approved for a no security credit card.
• You can stop suspicious purchases using a mobile application within seconds.

US Bank’s Visa Platinum Card

US Bank’s Visa Platinum Card comes with a lot of benefits that will give you a chance to save more. Your initial 12 billings will be charged a 0% APR on purchases and credit transfers. After the introductory APR is depleted, your successive APR will be levied within 10.24%-21.24%. The APR depends on your credit worthiness.

Other benefits that your Visa Platinum Card will give you include;

• Secure online banking services like confirming account balances and viewing bank statements.
• You can withdraw cash from over a million ATMs worldwide.
• The card has an automatic payment option that can relieve you from late payments, thus leading you to good credit.
• The card gives you the freedom of selecting your due date.
• You will receive a notification if US Bank suspects an unusual activity.
• You can manage your account through a mobile application.

Accepting a pre-approved credit card requests comes along with many benefits compared to the direct application. However, you should be wise to accept requests that match your financial goals. A good pre-approved credit card will give you the advantage of easy approval and saving while making purchases.

Top 5 Rewards Credit Cards

Rewards credit cards can be used on an everyday basis and are a great way to earn money back on what you already spend. There are a number of types of rewards offered by credit card companies, including cashback, reward points, and travel miles.

In order to get a card that offers generous rewards, you usually need to have a credit score in the good to excellent range. People with scores below 690 will struggle to qualify for cards that offer top-tier benefits. However, if you do qualify for these cards, you can also benefit from the relatively low interest rates and no annual fees that come along with them.

Here are five of the best reward credits cards out there.

Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card is great for people who love to travel. Unlike many travel reward cards, this one isn’t affiliated with an airline or hotel company, and you can spend your rewards in a number of ways. Cardholders earn 1 point per dollar on general purchases. Dining and travel expenses will earn you 2 points per dollar. Points are worth one cent and can be redeemed for cashback or a statement credit. If you use your points to book travel via the Chase Ultimate Rewards program, you can get a bonus of 25%, so the reward rate will increase to 1.25% or 2.5%.

Another perk of this card is the massive bonus they offer for opening an account. Spend $4,000 within the first three months, and you’ll get 50,000 extra points added on. If you redeem those points through Chase Ultimate Rewards, you’ll have $625 to spend on airfare, hotel costs, and other travel expenses. The card does have an annual fee of $95, but it’s waived the first year. There are no foreign transaction fees, and it has a variable APR of 16.24%-23.24%.

Capital One Quicksilver Cash Reward

The Capital One Quicksilver card offers some of the best cashback overall cashback rewards available. With every dollar you spend, you earn 1.5% in cash. The rewards are the same for all purchases, so there are no special categories to worry about. Although the Chase Sapphire Preferred card may offer a slightly better rate, this card is a better option for people who don’t travel much or would rather redeem their points for a statement credit.

Like the Chase Sapphire Preferred card, this one comes with a sign-up bonus, although it’s not quite as impressive. If you spend $500 within three months of opening an account, you’ll earn $100 in rewards. It might not seem like much, but it’s an easy goal to achieve even if you’re not a big spender. Plus, there’s no annual fee with this card, and there’s 0% APR on purchases and balance transfers for the first nine months. There’s a 13.24% – 23.24% variable APR after that.

Citi Double Cash Card

This card offers one of the highest percentages of rewards of any on this list. Cardholders earn 1% cash back when they make a purchase and 1% back, which means you earn 2% in rewards in total. Rewards can be earned on every dollar you spend, regardless of the category, and the amount you can earn is unlimited. You can start redeeming your rewards once you’ve accumulated $25. The money can be applied toward statement credit, a gift card, or a check.

The downside of this card is that it doesn’t offer any kind of sign-up bonus, so it may seem unappealing when compared to some of the others. When considering long-term usage, however, it will give you good returns, and it offer flexibility in the way you redeem your cashback. There’s an 18-month introductory period of 0% APR on balance transfers, which makes this one of the best rewards cards if you’re planning on carrying a balance. There’s an ongoing 13.24% – 23.24% variable APR on purchases.

Chase Freedom

The Chase Freedom card offers 5% cashback on purchases made in categories that rotate each quarter. All other purchases earn rewards of 1%. This card is an outstanding option for people who are new to reward credit cards, as it is easy to qualify for with a credit score below the excellent range. Cardholders can earn the 5% cashback on up to $1,500 worth of purchases each quarter. The rotating categories include:

• Gas stations and commuter transportation
• Grocery stores and wholesale clubs
• Restaurants and wholesale clubs
• Department stores, wholesale clubs, and pharmacies

If you spend the maximum of $1,500 each quarter, you can earn $300 in rewards over the course of the year. The downside of using this card is that you have to keep track of which categories are active during which quarter, and you’ll need to remember to activate your account online in order to be eligible for the 5% rewards. However, you probably spend money on things like groceries and gas anyway, so it’s not difficult to earn rewards.

When you sign up for this card, you’ll be able to take advantage of the 15-month introductory period of 0% APR. The card offers a bonus of $150 if you spend $500 on purchases within the first three months. In addition, your account gives you access to the Chase Ultimate Rewards program, which can give you up to 10% off on purchases you make with your cashback rewards. There’s no annual fee.

Discover It

The Discover It card has many similarities to the Chase Freedom card with some added features. Each quarter, cardholders can earn 5% rewards on up to $1,500 worth of purchases in rotating categories. All other purchases earn 1% rewards. Cardholders will need to log on to their account each quarter to activate their ability to earn rewards. Categories include:

• Gas and Ground Transportation
• Restaurants and Movies
• Home Improvement and Amazon.com
• com, department stores and Sam’s Club

The reward level is quite generous, and it’s definitely worth it to get this card if you make a lot of purchases on Amazon.com. In addition, Discover offers the Cashback Match program to new cardholders. At the end of your first year, they’ll automatically match the cashback you earned. If you accumulated $100 in rewards, they’ll give you another $100.

The main downside of using this card is that you have to remember what categories are active each quarter. It only offers 1% on general purchases, which isn’t as good as the Citi Double Cash card. However, the Discover It card has no annual fee, and they give cardholders free access to their FICO score. You’ll get an 14-month introductory period of 0% APR on purchases and balance transfers. The variable APR is 11.24% – 23.24% after that.

Top 5 Zero Percent Interest Credit Cards

People who want to consolidate debt or who are gearing up to make a big purchase would benefit greatly from a 0% interest credit card. Often, these no interest deals last for a year or more, depending on the card you choose. That’s a lot of time to pay off a chunk of your debt or purchase!

These five cards are great options of you’re looking to pay no interest for the next several months.

Chase Slate

Chase Slate does not charge a transfer fee when you transfer a balance within 60 days of opening the card. Often, credit cards charge between three and five percent to transfer a balance. Additionally, the 0% interest offer is for 15 months, not just twelve, and applies to both balance transfers as well as purchases. If you want to eliminate debt and make a big purchase, this card is an excellent option. If you have to make a payment late, you won’t have to pay a penalty APR (although it could affect your credit score, so always try to make your payments on time). Chase Slate will also let you check your FICO score every month for free. Another great advantage of this card is that there is no annual fee.

While Chase Slate has a lot of advantages, it does not have a rewards program. It’s better for consolidating debt and making big purchases than it is to use every day on your regular purchases. Also, you won’t be able to carry out a balance transfer from another Chase card; you have to transfer the balance from a card by another provider. The balance you transfer must be $15,000 or less. Also note that if you make transactions abroad, you’ll be charged a 3% fee.

Chase Freedom

After signing up for Chase Freedom and spending $500 within the first three months, you’ll get a bonus of $150. Other perks of this card include no annual fee; no interest on balance transfers and purchases for 15 months; 5% cash back on as much as $1,500 in specific categories; and 1% back on all other purchases. The rewards is an excellent benefit of the Chase Freedom card because many no interest cards don’t come with a rewards program at all. The signing bonus is also rare, especially on cards that allow for a balance transfer.

The rewards program with this card is great, but it can be a little tricky to understand. In order to get 5% back, you have to make purchases within a certain category, and those categories change. In order to know if you’ll be getting either 1% or 5% back, you’ll need to keep track of which category is currently offering the biggest rewards. Also, this isn’t a good card to bring with you while traveling abroad because you’ll be charged 3% on all foreign transactions.

Overall, this is a great all-around card. You can take up to 15 months to pay off your balance transfer without paying any interest, and you can use the card daily while earning cash back on all purchases.

Discover it

When you transfer a balance to the Discover it card, you’ll have 18 months to pay it off before being charged interest. You’ll also get 0% interest on purchases for six months. This card also comes with rewards: you’ll get 5% back on purchases in categories that regularly change and then 1% back on your other purchases. Unlike many other 0% interest cards, this one doesn’t charge a transaction fee on foreign transactions, so it’s a great one to bring with you while traveling. There also is not a penalty APR for late payment. However, when you transfer a balance, you’ll be charged a 3% fee.

This card also comes with a bunch of other perks. You can access your FICO score for free. You’ll get warranty protection. There’s also a Freeze It option that you can easily turn on if you misplace your card; it will protect your card from making any new transactions when turned on. One of the drawbacks of this card is that there’s a short no interest period for new purchases, so some people may opt to use it only to transfer a balance. Also, Discover isn’t accepted by every retailer, so it’s not a good option if you’re only going to have one credit card.

Citi Simplicity Card

The Citi Simplicity Card’s biggest perk is that there are never any late fees or penalty interest charges for paying late. Don’t be too swayed by the “no late fees” offer – it’s a great backup if you accidentally miss a payment or two, but paying late will still affect your credit, so it shouldn’t become a habit. The introductory 0% APR is for 21 months, which is a very long time compared to other no interest credit cards. This makes the card a fantastic option if you have debt or purchases that you know you won’t be able to pay off in one year. There’s also no annual fee, so you can put even more money toward paying off the balance.

If you do use this card to transfer a balance, keep in mind that you’ll have to pay 3% of the balance as a fee. Depending on how large the balance is that you’re transferring, this could cost a lot – compare the cost to how much you’re saving with 0% interest to make sure this card is a smart option. Also, this card does not have a rewards program, and if you use it in a foreign country, you’ll be charged a 3% fee per transaction.

Citi Double Cash Card

The Citi Double Cash Card has 0% interest for 18 months on balance transfers. The rewards program is pretty good, too – you’ll earn 1% on purchases and then another 1% when you pay them, and there’s no limit to how much you can earn back. However, you’ll have to wait until your cash back balance has reached at least $25 in order to claim it. The Citi Double Cash Card has no annual fee. Note that you’ll have to pay a 3% fee on balance transfers; if the fee is less than $5, you’ll pay a flat rate of $5. Overall, this card is good for people who need a long time to pay off their debt. It also has a great cash back program, so a lot of people opt to use it for daily purchases even after the 0% interest rate period has passed.

If you’re currently in debt, there’s no need to pay interest every single month on what you owe. Instead, transfer your balance to your 0% interest card and get more time to pay it off. A no interest card is also a great option if you’re about to make a huge purchase. Buy the item or gadget now and don’t worry about interest for the next 12 months. You can also find a 0% interest card that meshes well with your lifestyle, whether you travel abroad, make several purchases daily or want a rewards program to earn cash back.

Top 5 Pre-Paid Credit Cards

For people who don’t have a bank account or a regular credit card, a prepaid credit card is an excellent option. Even some people who have a bank account and credit card opt to use prepaid credit cards as a way to budget effectively.

With a prepaid credit card, you’re not at risk of paying interest or being charged an overdraft fee. Prepaid cards also don’t require a credit inquiry, so they’re great for people who may have bad credit at the moment. Since prepaid cards are safe and relatively fool-proof, they’re also among the best credit cards for teens.

Here are five of the best prepaid credit cards available.

Bluebird

The Bluebird card by American Express and Wal-Mart has a variety of loading options, all of which are free. For example, you can make a cash deposit at a Wal-Mart location or you can use the Bluebird app to deposit checks via your mobile device. There are also several payment options, including online and by check. You can also make withdrawals from the card for free at a MoneyPass ATM, or for a fee at any other ATM or at a Wal-Mart store.

The Bluebird prepaid card will work wherever American Express is accepted. It also has both purchase protection and fraud protection. It’s free to register for a Bluebird count and to get the card, and you can sign up online or via the mobile Bluebird app. You can also get a Bluebird kit at Wal-Mart for just $5. You won’t ever pay a monthly fee and no credit inquiry is required in order to get this card.

American Express Serve

The American Express Serve is one of the best prepaid credit cards because it doesn’t cost a lot, it makes it easy to steer clear or fees, and it’s simple to add cash to the card. There’s a monthly fee of just $1, but if you add a minimum of $500 to your card monthly, or if you use direct deposit, you won’t have to pay the monthly fee. By enrolling in direct deposit, your paycheck will go right into your Serve account.

Visit a 7-Eleven or CVS to load cash onto the card for free. While there are other prepaid cards that are partnered with bigger retail stores, many times those stores will charge a fee to add cash to the card. American Express Serve is really great if you have kids who you want to connect with the card. You can create accounts for each child and then set limits when it comes to how much they can spend. The card is also great for planning and saving, because you can move money into the reserve account to keep it separate from your spending accounts.

This card also comes with around-the-clock customer support and security. When you shop either offline or online, you’ll be safe thanks to Purchase Protection. Withdraw cash from approximately 24,000 ATMs around the country. The mobile app can be used to make deposits, pay bills and manage your accounts.

American Express Serve Free Reloads

The American Express Serve Free Reloads has different perks than the basic American Express Serve prepaid card. This is the best card to choose if you want one that’s easy to load with cash. There are over 45,000 partners across the U.S., including Wal-Mart, 7-Eleven and Rite Aid, that will let you add cash to the card for free.

This card comes with a $4.95 fee per month, except for people who live in New York, Texas and Vermont, where there is no monthly fee. You can link sub-accounts for up to four people who are 18 years old or older, though in some states the account must be for someone who’s at least 19 years old. You can deposit checks via the mobile app and you can also use the app to pay bills.

To purchase this card, you can order it online for no cost or you can buy it in a retail store for $3.95. There is no credit check necessary in order to get this card.

Kaiku Visa Prepaid Card

The Kaiku Visa Prepaid Card from The Bancorp Bank and Kaiku Finance are partners with Allpoint ATMS. You can access any of these ATMs for free and there are 55,000 throughout the U.S. With the mobile app, you can find the ATM that’s closest to you. The app will also let you find out your balance, transfer money to other people, deposit checks, and pay bills.

The Kaiku Visa Prepaid Card has easy-to-understand, low fees, especially when you compare them with many other prepaid credit cards. You’ll have to pay $3 per month, but you can avoid the fee if you add a minimum of $750 to the card each month. If you use an ATM that’s not in the network, you’ll pay a fee between $2.95 and $4.95. You can also add cash to the card at a MoneyGram or Visa ReadyLink location.

It’s important to know that when you make a mobile check deposit, it can take up to 10 business days to show up in your account. Or, you can pay $5 or 1%, whichever is more, to the third party service Ingo to get your money sooner. The card will work wherever Visa cards are accepted.

PayPal Prepaid Master Card

PayPal is one of the best companies around when it comes to making and receiving online payments, so it’s no wonder that they have a great prepaid card, too. The monthly fee for this card is $4.95, but the card comes with a lot of perks that seem to out-value the charge. You can make an unlimited number of PIN and signature purchases, and you’ll get cash back on your purchases from certain restaurants and retailers. You can also move money from the card to your PayPal account and vice versa.

While there are some other prepaid cards that you can technically link to your PayPal account, none seem to work as well as the PayPal Prepaid Master Card. Also, with this card you can add money to it via direct deposit or at a NetSpend Reload Network spot (there are more than 130,000 in the U.S.).

Prepaid cards aren’t simply a last option for people who can’t get a traditional bank account or credit card, or who are trying to get back on their feet after bankruptcy. Valuable features have made prepaid cards a mainstay for a lot of people, regardless of their financial situation. They’re a great alternative to traditional credit cards if you need a way to spend daily while you build credit with another card, or if you’re looking to curb your spending by managing how much you have on hand. Since prepaid cards can usually be used at various ATMs for no fee, some people prefer to use prepaid cards simply for convenience.

Top 5 Travel Credit Cards

The best credit cards for travelers are the cards offering travel perks, upgrades, and no foreign transaction fees at any foreign ATMs for those who spend ample time out of the country. Whether it’s an airline card, a hotel card, or a travel card in general, the credit card industry is overwhelmed with credit cards that offer travelers the best travel rewards.

Compare the best cards available right now before you decide which one is right for you. Take into consideration your travel habits, your favorite brands, and whether you travel often enough to make a travel card beneficial in your wallet.

Chase Sapphire Preferred Card

What makes the Chase Sapphire Preferred card unique is its lack of brand loyalty. It’s not specific to one hotel group, airline, or other travel brand. This means the card is meant for maximum benefits in every situation no matter where you travel. Unlike a branded travel card, the Chase Sapphire doesn’t limit your reward earnings potential to just one airline or hotel.

• Earn 2 points on every dollar spent dining in restaurants or on any travel purchase through hotels, airlines, and rental car agencies
• Earn 1 point for every dollar spent on everything else
• Book through Chase Ultimate Rewards and points are worth 25% more than they are when you book travel through other carriers
• Earn 50,000 bonus points when you sign up for the card and spend $4,000 on purchases in the first three months of opening your account
• Earn 5,000 bonus points when you add an authorized user and they use their card to make a purchase within three months of opening your account
• $95 annual fee waived the first year you have this card
• No foreign transaction fees

Southwest Rapid Rewards Travel Card

If you are brand-loyal to Southwest, you’re going to love the airline’s credit card perks. This low-cost airline is one of the best for those who travel domestically, and the card offers many perks that other airline cards might not offer on such good travel deals.

• Earn 6,000 bonus points every year on your cardmember anniversary
• Points never expire
• Earn 2 points for every $1 spent on all Southwest Airlines purchases as well as with any Rapid Rewards member hotel and car rental partner
• Earn 1 point for every $1 spent elsewhere
• No foreign transaction fees
• Luggage flies free
• No fees to change your flights
• Earn 40,000 bonus points after spending $1,000 during the first three months your account is open

Frequent travelers understand the value of saving money on the little things, which includes things like checked luggage. Anyone with a card has first priority when it comes to boarding, they receive special offers in the mail, and they are considered some of Southwest’s favorite customers.

Barclay Arrival Plus World Elite MasterCard

Designed to benefit frequent travelers, this travel card isn’t loyal to one brand. If you’re not loyal to one specific travel brand, it’s the right card for your wallet. You aren’t limited to where you earn your points, how many points you can earn, or where you can spend them.

• Earn 50,000 bonus miles after spending $3,000 in purchases in only 90 days
• Bonus points can be redeemed for a $500 statement credit
• Get 5% of your miles back when you redeem them for travel
• Earn 2 miles for every dollar you spend anywhere, any time
• No APR on all balance transfers for the first 12 months your account is open
• $89 annual fee is waived for one year
• No foreign transaction fees

The most spectacular aspect of this travel card is the way in which you can redeem your miles. Rather than redeeming them for free travel, they can be redeemed as cash toward your travel purchases. This breaks down so that 10,000 points equals $100 worth of free travel.

Discover it Miles

Discover makes a no-frills credit card for anyone who loves to travel, but doesn’t have any loyalty to any hotel or airline group. There’s no annual fee on this card, the miles earned with each purchase are higher than most every other travel card, and the rewards are simple.

• Earn 1.5 miles for every dollar spent anywhere you go
• Earn double the miles at the end of the first year you have this card
• Points are redeemable for cash at anytime
• Rewards never expire
• No fraud liability
• No penalty APR
• No annual fee
• No overlimit fees
• No late fee on one late payment
• No foreign transaction fees
• Free FICO score on statement each month

Discover it Miles also allows travelers the chance to take advantage of the Freeze It account. If you want to freeze your card because you cannot find it, suspect someone else has it, or you’re worried about it, you can do it yourself with your mobile app in as little as a minute. Once you’re satisfied all is well with your card and you’re ready to use it again, you can unfreeze it the same way in a matter of seconds.

BankAmericard Travel Rewards Card

Without an annual fee to worry about, every travel reward you earn with this card is profit to you. The sign-up bonus isn’t as strong with this card as it is with others, but it’s not exactly pointless. You’ll earn 20,000 reward points for spending $1,000 in a matter of 90 days, and the other perks are amazing.

• Earn 1.5 points for every dollar spent on any purchases, all the time with no limits
• No annual fee
• No foreign transaction fees
• Points never expire
• Points are redeemed as a statement credit
• No APR for one full year
• Earn 10% more bonus points when you use a Bank of America checking account or savings account

It’s a no-nonsense travel card that offers more than other travel cards. The points are limitless, and they’re higher with each purchase than they are on most other hotel or airline branded cards. This is one you’ll appreciate, and most people end up profiting with this card.

Many people think of travel credit cards as cards co-branded by a specific airline or hotel, and that’s not untrue. However, they’re also cards that are used to earn miles or points redeemable for travel. These cards all offer travelers a chance to save money by not charging foreign transaction fees, money exchange, and each one allows you to earn points at a rapid pace.

To make the most of each card, use it for your everyday purchases, your living expenses, and any other purchases you make throughout the year. Pay the balance in full each month to keep your credit score high and your debt-to-income low. This helps build your credit score and make you look more favorable to other lenders. These cards benefit anyone who travels often, but they might not be the best for those who don’t travel frequently. Compare them to your travel habits, and see which one best fits your lifestyle.

Top 5 Hotel Rewards Credit Cards

Earning free hotel stays with hotel credit cards is a perk travelers enjoy immensely. Free travel is something people rarely turn down, and there’s no better way to ensure you’re going to get a free night in a hotel than with a hotel credit card. They’re best for frequent travelers, but not all cards require you stay in a specific hotel brand.

If you are loyal to one specific hotel family, it makes sense to apply for that hotel credit card. If you’re not loyal to one hotel brand, you might want to take a look at the five best hotel credit cards available right now. Each one has something to offer the rest don’t, but they all work hard to ensure travelers are cared for each and every time they use their card.

Hyatt Visa

Hyatt Hotels are plentiful in many countries, and there’s a Hyatt brand for every budget. From high-end luxury hotels to affordable suites-only hotels for those with a tighter budget, there’s nothing you can’t book through Hyatt. The Visa card is great for those who love a Hyatt property but still want to use their card for everyday purchases.

• Earn two free nights at any Hyatt after spending $1,000 in three months
• Earn 5,000 bonus points when you add an authorized user and make a purchase with that card
• Earn 3 points for every dollar spent at all Hyatt properties
• Earn 2 point for every dollar spent on airline tickets, restaurants, and rental cars
• Earn 1 point for all other purchases
• Earn a free night at Hyatt every year on your cardholder anniversary

As long as you remain a Hyatt Visa holder, you are given complimentary access to Hyatt Gold Passport Platinum Status, which offers even more perks. You’ll get first choice of your rooms at any hotel, free upgrades, free perks, and even guaranteed rooms even when a hotel is listed as sold out. There’s no annual fee the first year, and it’s only $75 per year after that.

IHG Rewards Club Select Credit Card

This is a great card for those who like to travel without spending too much money. The sign-up bonus is worth $455 in free travel, and people who carry this card love the options they have when they present it at check-in.

• Earn 60,000 bonus points when you spend $1,000 in three months
• Earn 5,000 bonus points when your authorized user makes their first purchase within three months
• Earn 5 points for every dollar spent at any IHG property
• Earn 2 points for every dollar spent at gas stations
• Earn 2 points for every dollar spent at grocery stores
• Earn 2 points for every dollar spent at restaurants
• Earn 1 point for every dollar spent elsewhere
• Earn a free night each year on your cardholder anniversary
• Annual fee is only $49, and it is waived the first year

Chase Sapphire Preferred Card

One of the best travel cards on the market, this is a travel card that offers a myriad of hotel perks even though it’s not a specific hotel credit card. Chase Sapphire does work closely with Hyatt’s Gold Passport, IHG’s Rewards Club, and Marriott/Ritz-Carlton Rewards programs, so brand-specific travelers to any of these hotels will reap the biggest benefits.

• Earn 50,000 bonus points by spending only $4,000 in three months
• Earn 2 points on every dollar spent on airlines, hotels, rent cars and dining
• Earn 1 point for every dollar spent anywhere else
• Use anywhere Visa is accept
• No foreign transaction fee
• No annual fee for one year, $95 fee after that
• 20% discount on all hotels, airfare, and rental cars when you book through Chase’s Ultimate Rewards program

Starwood Preferred Guest Credit Card from American Express

This card is great for anyone who loves a wonderful value during their hotel stays. The perks are numerous, and SPG hotel locations are all over the world. Anyone with this card will earn serious points with SPG hotels, making it one of the best for various methods of travel.

• Earn 25,000 bonus points for spending $3,000 in three months
• Earn 5 points for every dollar spent at SPG hotel locations
• Earn 2 points for every dollar spent at Marriott properties
• Earn 1 point for every dollar spent elsewhere
• No annual fee for one year, $95 after
• Free internet access in room
• Unlimited Wi-Fi at all Boingo hotspots
• There are more than 1,300 SPG hotels in the world

What makes this card stand out among the rest even with the lower sign-up bonus, the lack of anniversary nights offered free of charge, and the lower number of hotel properties across the world is the rate of redemption. Starpoints are more valuable than any other hotel reward point, valued around 2.3 cents for each point your account accrues. This means your dollar goes a lot further with SPG than it does at many other hotel brands. Additionally, SPG hotels are among the nicest in the world.

Marriott Rewards Premier Credit Card

If you love free nights and rewards points, this is the hotel card you want in your wallet. This card offers the best anniversary bonus. Each year, cardholders are offered a free night at a hotel in the 1-5 categories anywhere in the world. One free night at a hotel in a tropical destination or expensive city goes a long way in helping travelers afford the vacation of their dreams. Other perks this card offers travelers are just as impressive.

• Earn 80,000 points by spending $3,000 in three months of opening your account
• Earn 5 points for every dollar spent at a Marriott hotel or on a Marriott property
• Earn 2 points for every dollar spent on airline tickets through airlines
• Earn 2 points for every dollar spent at rental car agencies
• Earn 2 points for every dollar spent at a restaurant
• Earn 1 point for every dollar spent otherwise
• Use anywhere Visa is accepted
• No foreign transaction fees makes this card great for international travelers
• Low $85 annual fee

Marriott hotels are numerous. There are more than 4,300 properties located in more than 80 countries, which means you’re almost guaranteed to find a property anywhere you go.

To maximize hotel rewards points to earn more free hotel stays, use your hotel card for every major purchase you make. Pay your mortgage and your utilities with it, and use it as your everyday card for purchases and bill pay purposes. Pay it off in full each month, and you’ll be able to earn more points than you imagined. Depending on the card you choose, you could earn several free nights each year with your hotel credit card, which can make personal travel more lucrative than ever.

Using your car responsibly is the best way to earn points and free travel, and staying out of debt is what makes life more enjoyable and affordable. Use your card as often as possible, but always pay the balance in full to maintain an excellent credit score.

Top 5 Credit Cards for Earning Airline Miles

With the right airline credit card, you can earn free domestic and international trips. These cards are great for frequent travelers looking to cut down on costs. If you love to game the system, they’re also a fun way to score free trips.

You’ll need a credit score of at least 700 to qualify for these top-tier cards, and a household income of at least $50,000 will help your applications be more successful. These top five cards include options for beginners to reward travel and choices for long-time churners.

Chase Sapphire Preferred Card

Everyone who cares about reward points should have this card in their wallet. Chase’s Ultimate Rewards give you so many travel options. You can use the points to purchase airfare, hotels and car rentals for your vacation, or you can transfer them to travel partners. There is an annual fee, but it’s waived for the first year so you can explore all this card has to offer.

Chase gives you a 1:1 ratio for air miles programs like Southwest’s Rapid Rewards, United’s MileagePlus and British Airway’s Avios. If you pick up an airline credit card from one of these companies, you can build up your frequent flyer account then transfer your Chase Ultimate Rewards points. You could end up with enough air miles for a first class ticket on an international flight.

The Chase Sapphire Preferred offers a number of great benefits, including these:

• Beautiful design and heavy-weight card that makes a serious impression
• No foreign transaction fees
• Earn double points on travel and dining charges
• Great sign-up bonus: Earn 50,000 Chase Ultimate Rewards points if you spend $4,000 in your first 3 months
• Primary rental car coverage protects you on the road

Hawaiian Airlines World Elite MasterCard

Who doesn’t want a free round-trip flight to Hawaii? With this card, you can shop, surf and soak up the sun. New users get 35,000 Hawaiian Air Miles after spending just $1,000 in the first 3 months. You can meet that spending goal with just regular monthly charges. That makes this card perfect for churning beginners who don’t want to bother with manufactured spending.

You also get a companion certificate for 50% off a round-trip coach ticket. You can book your free flight with the 35,000 Air Miles you’ll earn and pick up a discounted fare for a friend or romantic partner.

• The Hawaiian Airlines card has no foreign transaction fee. The annual fee of $89 is waived for the first year.
• $100 discount on any coach-level companion fare
• 5,000 bonus miles if you spend $10,000 annually
• Double miles on Hawaiian Air purchases and 1 mile for every dollar spent elsewhere
• Your first checked bag is free when you purchase your fare with your card

Capital One Venture Rewards Credit Card

Like the Chase Sapphire Preferred, this card from Capital One isn’t tied to a specific airline or hotel rewards system. Instead, the miles you earn can be used to pay for any travel-related expenses. That means you can book a rental car, pay for baggage fees or pick up tickets to a museum and you’ll be covered by Capital One.

With a non-branded travel card like this one, you don’t get the maximum value possible. You’d need to combine multiple cards and book international flights to drive up your cents-per-point reward. So why get this card? It’s easy to use. This is a great option if you’re new to travel credit cards and want to start with something simple. If you’re only open to one card, pick up the Chase Sapphire Preferred Plus. When you’re ready to expand your credit card library, the Capital One Venture Rewards card is a great second pick.

You’ll get these benefits:

• Double miles—2% back—on every dollar you spend
• Erase any travel purchases, including flights, fees and event admissions
• Hefty sign-up bonus is worth $400
• $59 annual fee waived for the first year
• Price protection gets you reimbursed if you purchase something that goes on sale within 120 days

Southwest Rapid Rewards Premier Credit Card

Come fly the friendly skies with Southwest. This airline card from Chase Bank is a great way to start your Rapid Rewards account. Southwest has some of the best customer satisfaction in the aviation industry, and their frequent flyer rewards system is top-notch.

When you spend $1,000 in your first 3 months, you’ll earn 40,000 Rapid Rewards points. You can use those points with no black-out dates, no seat restrictions and no baggage charges. If you need to change your flight, there are no change fees.

Rather than a flat rate based on flight time or distance traveled, Southwest pegs their award prices to the dollar value of a ticket. That means you can squeeze multiple round trip vacations out of a single sign-up bonus. Simple tricks like flying to Newark Liberty International Airport instead of JFK can save you thousands of points. So can taking a later flight or flying during the week. You can score flights for as low as 4,000 points one way. That makes this card a great value for frequent travelers.

If you’re ready to invest serious time and energy into credit card churning, this card is the first step in earning the coveted Southwest Companion Pass. You can score free flights for a travel companion for over an entire calendar year. You’ll need to earn 110,000 Rapid Rewards points to score the pass. Start with this card, and you’ll be almost halfway to your goal.

You get other great benefits with this card:

• 6,000 bonus points every anniversary
• 2 points per $1 spent with Southwest and travel partners
• No foreign transaction fees

Starwood Preferred Guest Credit Card from American Express

Why is a hotel card on a list of the top cards for airline miles? It’s because Starwood has a generous transfer policy. You can move your Starpoints to many partners in a 1:1 ratio, including these airlines:

• Alaska Airlines Air Miles
• American Airlines AAdvantage
• Korean Air
• United MileagePlus
• Hawaiian Airlines
• Singapore Airlines KrisFlyer

If you combine the Starwood Preferred Guest card with an airline credit card, you can rack up some impressive reward points totals and redeem them for free flights. This card is a good way to beef up a frequent flyer account once you’ve tapped out the airline’s cards.

American Express offers a sign-up bonus of 25,000 Starpoints if you make $3,000 in purchases in your first 3 months. You’ll also get double points for every Marriot and Starwoods hotel charge and 1 point for every other dollar you spend. The $95 annual fee is not charged your first year.

You also get no foreign transaction fees and free internet at all Starwoods properties.

Top 5 Credit Cards for Poor Credit

Using a credit card responsibly is a great way to fix your credit, but if you have bad credit, you might assume that it will be hard to get approved for a credit card in the first place. It can seem like a bad situation to be in if you are trying to build credit after bankruptcy or if you just have a low score and would like to bring it up, but luckily, there are credit cards out there that are perfect for those with poor credit. These are a few of the best.

Capital One Secured MasterCard

One of the best options for those who have bad credit is the Capital One Secured MasterCard. As with other secured cards, you will be expected to make a security deposit. However, this card is a bit unique from some of the other secured cards that are out there.

With most secured cards, your credit limit is equal to the amount that you deposit, period. In some cases, though, Capital One gives customers a higher credit limit than their initial deposit. The minimum deposit will be either $49, $99 or $200. This is based off of just how bad your credit really is.

These are some of the top benefits of this card:

• The Capital One Secured MasterCard has no annual fee. Since many secured cards charge rather high annual fees, this is a big plus for this card.
• You do not have to pay your entire deposit at one time. Instead, you have 80 days after opening your account to do so.

The goal of opening up a secured card is often so that you can improve your credit score and eventually qualify for a card without a deposit. Some secured cards do not offer this option, but once you establish a good history with Capital One, you may qualify for a higher credit limit without being required to make an additional deposit.

Credit One Bank Unsecured Visa

The Credit One Bank Unsecured Visa is unique in that it is designed for individuals with bad credit but is not a secured card. Here are some of the perks of this card:

• You do not have to make an initial deposit in order to get approved for this card, even if your credit score is low. With so few unsecured options out there for individuals with bad credit, the Credit One Bank Unsecured Visa is very unique.
• The website allows you to pre-qualify, so you can get an answer in just one minute.
• Credit One Bank offers flexible payment dates. You do not have to worry about your credit card payment being due on the same day as your mortgage, for example. Instead, you can request a certain payment date that is more suitable for you.
• In many cases, rewards are only available on credit cards for people with good credit. However, Credit One Bank’s card is unique because it does offer one percent in cash back on gas and grocery purchases. This can really add up if you use this card for everyday use.
• Credit One Bank reports payment history to all three credit bureaus, so you can build your score by making payments on time.
• You may be able to score a credit line increase after establishing a good payment history.

Milestone Gold MasterCard

No list of credit cards for people with bad credit would be complete without the Milestone Gold MasterCard. These are a few perks of this popular card:

• Even some bad credit credit cards are not an option for people with a previous bankruptcy, but Milestone Gold MasterCard does approve applications for people who have filed bankruptcy in the past.
• You can pre-qualify online without worrying about an impact on your credit score, and you can get a fast answer.
• This credit card has free online access, making it easy for you to keep track of charges on your account and to pay your credit card payment online.

Digital Federal Credit Union Visa Platinum Secured

You do have to be a member of the Digital Federal Credit Union in order to apply for this card, but the good news is that you can do so easily; all you have to do is make a one-time donation to one of the credit union’s list of eligible charities. These are a few reasons why it might be worth it to do so and to apply for this card:

• There is no annual fee with this card, which is uncommon among secured credit cards.
• The interest rate on this card is relatively low, currently at 11.75% variable.
• This card reports to all of the major credit bureaus, allowing you to rebuild your credit if you pay your credit card bill on time each and every month.
• Unlike with many secured credit cards, you can actually earn interest on your deposit while it sits in savings. Even though the interest rates aren’t high, it is still a little something.

OpenSky Secured Credit Visa

As yet another secured credit card, the OpenSky Secured Credit Visa is easier to obtain than many of the other bad credit credit cards. These are a few perks of this card:

• Even many secured credit cards require you to have a bank account. This is not a requirement for the OpenSKy card.
• OpenSky does not perform a credit check at all, so you do not have to worry about being denied because of anything on your credit report, and you do not have to worry about a “hard pull” making your score go down.
• If you would like a card with a higher credit limit, such as one that you can use while you are traveling, the OpenSky card is a good choice. You can start your account with a deposit of anywhere from $200 to $3,000, but once you have the card, you can increase your limit to $5,000 at any time. Since many secured cards come with rather low limits, even when secured by your deposit, this can be a good thing for those who need a little more spending power.
• OpenSky reports to all three major credit bureaus, making it possible for you to build your score up fast.

It’s true that it can be challenging to find a credit card when you have bad credit, but you shouldn’t give up on getting a card. First, you may want to apply for an unsecured option, which will not require you to put down a deposit. However, even if you do need to put down a deposit, a secured card can help you achieve your goal of rebuilding your credit while also allowing you to enjoy the benefits of a credit card, such as using it to pay for things when you are traveling. If you check out these top five credit cards for poor credit, you’re sure to find one that is right for you

Top 5 Credit Cards for Cash Back

The best cashback credit cards on the market are akin to a side job. If you do it right, you can earn cash on the side in substantial numbers. What’s so amazing about cash back credit cards is you don’t have to do much of anything to earn cash back other than shop. Consumers are good at that, so it shouldn’t be too hard to earn ample cash back throughout the year.

The best way to use a cash back card is to make all your purchases with the card each month. Pay your bills, buy your gas, charge your groceries, and use the cash you normally use on those expenses to pay your credit card off in full each month. The more you spend, the more you earn, and these 5 cash back credit cards are among the best in the business.

Capital One Quicksilver Cash Rewards Credit Card

What makes this card such a great cash back card is the rate it offers for each purchase. All purchases earn you 1.5% cash back. There are no limits to how much you can earn, how much you can spend and still take advantage of this offer, and you can redeem your cash back in a way that works best for you. It’s one of the best cards to use if you don’t enjoy a rotating rewards category each quarter, and the rest of the perks are substantial.

• Spend $500 in three months and earn $100 cash bonus
• Redeem cash back for gift cards, statement credits, cash, bank deposits into checking or savings
• No penalty APR
• No annual fees
• No foreign transaction fees
• Visa Signature benefits
• Travel upgrades
• Preferred seating at concerts and sporting events

Anyone who carries this card is able to access the Capital One Credit Wise Credit Tracker each month to view activity on their credit report both positive and negative, see how they can improve their credit, and see how much everything is affecting your credit.

Blue Cash Preferred Card by American Express

This is one of the best cash back cards on the market because of the earning potential in the revolving categories. There are some spending limits, but the cash back to that point is so high it makes up for it for many consumers.

• Earn 6% cash back on all supermarket purchases up to $6,000 per year
• Earn 3% cash back on all gas purchases with no spending limit
• Earn 3% cash back on all department store purchases with no spending limit
• Earn 1% cash back on all other purchases
• Earn $150 statement credit if you spend $1,000 in the first three months you open your account
• Earn 5% cash back on all travel purchases for six months
• All cash back is redeemable in the form of a statement credit
• $95 annual fee
• 7% foreign transaction fee
• Amex return policy

Chase Freedom Unlimited

This Chase card is accepted anywhere Visa is accepted, and it comes with the perks of being a Visa Signature cardholder. You’ll get priority seating at events, concierge services, and other benefits no one else gets without a Visa card. The cash back bonuses are great, too.

• Earn $150 cash bonus when you spend $500 within three months of activating your card
• Earn 1.5% cash back on all purchases without any limits or thresholds
• No APR for 15 months from the date your account is open on balance transfers or purchases
• No annual fee
• 3% foreign transaction fee
• Balance transfer fees are the greater of $10 or 5% of the balance
• Purchase protection
• Price protection
• Redeem points at any time for cash back, statement credits, gift cards, purchases made through Chase’s shopping portal, or bank account deposits into checking or savings.

Blue Cash Everyday Card from American Express

American Express offers some of the most comprehensive cash back cards on the market, and this card is no exception. The biggest perk of the Blue Cash Everyday Card is the sign-up bonus and extra methods for earning cash back. Anyone who obtains this card can earn $100 statement credit by spending $1,000 in three months. The other perks add up to even more cash back.

• Earn 5% on travel purchases for 6 months
• Earn 3% cash back on supermarket purchases up to $6,000 per year
• Earn 2% cash back on all gas station purchases
• Earn 2% cash back on all department store purchases
• Earn 1% cash back on every other purchase
• Redeem cash back in $25 increments as often as you’d like for statement credits
• No APR for 1 full year
• No annual fee
• 7% foreign transaction fee
• Amex Return Protection

Discover it

What consumers love most about this card is the double cash back for one full year. Anyone approved for the Discover it card is going to earn a cash back bonus at the end of the year in the amount of the cash back they already earned throughout the year. it’s double cash back for one full year, which is always welcome.

• Earn 5% cash back on rotating categories every three months up to $1,500 each quarter
• Earn 1% cash back on all other purchases
• Double cash back for one year
• Cash back can be redeemed as a statement credit, bank account deposits into savings or checking accounts, Amazon purchases, or checks in the mail
• No interest on all purchases and balance transfers for a full year
• No annual fee
• No foreign transaction fees
• Discover Freeze It feature

The freeze it feature is the best thing to come out of this card. Discover wants their customers to spend comfortably and safely, which allows you to turn off any features you want at the touch of a button. If you are traveling and cannot find your card, log on to your account and turn the card’s purchase feature off. While it’s off, no new purchases can be made. If you get back to your hotel room and find the card in the pocket of the pants you thought you’d wear that day, you can log back onto your app and turn your purchase feature back on and carry on with your purchases as usual.

Each of these cash back cards is designed to help you earn cash back throughout the year. Each card has the ability to offer you serious cash back if you charge everything and pay it off in full each month. A cardholder who spends $6,000 per month in expenses and other purchases and pays it off has the option to earn $60 per month cash back on a card that only earns 1% cash back. Add bonus categories and cards with 1.5% cash back as well as signing bonuses, and you’re going to rake in the big bucks using your card. If you save your redemptions for the end of the year, you might be able to pay for a significant portion of your Christmas shopping and save money in the process!

Vote It Up When Checking Your Credit Score

Most people understand the importance of a good credit score — and those who don’t seem to be concerned about their score will usually change their tune the first time they face higher interest rates on a car loan, home mortgage or other purchase they finance. You may be at a point where you understand the importance of your credit, but have questions relating to checking on your score. The following are five of the questions most commonly asked about checking your credit.

Vote It Up When Applying for a Credit Card

Getting your first credit card can be an exciting experience if you know what you are doing. The freedom that the right credit card can give you is what connects people to their dreams. As a financial tool, a credit card is the best way to build a good reputation with lenders. Here are some of the most common and important questions you should ask when you are applying for a credit card.

Vote It Up When Opening a Savings Account

Opening a savings account can seem difficult, especially if it’s your first. With changing regulations that vary by bank, everyone has questions about how to deposit money and begin to accrue interest. We’re here to help you simplify the process and make opening a savings account easy. Our members have voted these questions among the most valuable when it comes to understanding your savings account.