Credit cards have made life a lot easier. Itâ€™s an easy source of finance, but thatâ€™s where you should be vigilant. Having too many cards can severely affect your financial health and credit rating.
When used judiciously, you can use the revolving credit to your advantage. There are different types of cards designed to suit the needs of different users. Airline credit cards, hotel credit cards, cashback credit cards, low interest credit cards, student cards, points cards, no annual fee cards, the list goes on. The usual benefits of using a credit card includes rebates on fuel bills and cash back on grocery purchases.
One can easily apply for a credit card online. Based on your credit rating, your credit limit is fixed. The best cards offer a number of benefits and give you considerable savings. Keep your credit score high and you can access amazing offers.
Hereâ€™s a rundown on three of the best cards of 2017.
Chase Freedom Unlimited
Rated as the best cashback card, you earn 1.5% cashback on all your purchases. Plus, you earn a bonus of $150 when you swipe the card for purchases worth $500 and above. This offer is applicable in the first three months after opening the account. You also enjoy a 0% intro APR for 15 months on all purchases and balance transfers. The icing on the cake is the card has no annual fee. Your cashback rewards enjoy validity as long as the card is in use. If you are an avid shopper, this cashback card is the best for you. You also get instant credits.
Bank America Travel Rewards
An avid traveler can make the most from the miles rewarded by travel credit cards. The card credits rewards you with 20,000 bonus miles when you spend $1000 within three months of opening the account. This $200 statement credit can be utilized against your travel purchases.
You earn 1.5 unlimited points for every $1 spent. Unlimited points means that they donâ€™t expire. The other enticing feature of this card is that it does not attract an annual fees or foreign transaction fees. Plus, you enjoy a 0% APR for 12 billing cycles. Swipe the travel rewards card while making purchases and use the mile points to enjoy a vacation.
Chase Sapphire Preferred Card
If you want to rake in on a huge sign up bonus, the Chase Sapphire Preferred card does not fall short of expectations. You can get whopping 50,000 bonus points once you spend $4000 in the first three months. You also get a travel credit of $625 when the signup bonus is redeemed through Chase Ultimate rewards card. You earn a point for every $1 spent across the world. You earn double the points when you swipe the card for travel purchases and dining out. The annual fees are waived off in the first year after which, the card has an annual fee of $95.
If youâ€™re looking for the best online credit cards, apply one of the above cards to reap the benefits.