With 2016 in full swing, it seems like a good time to review some of the best credit card offers available. Carrying the right credit card(s) for your spending habits is not only the responsible thing to do, but also the smart thing to do. Credit cards get a bad rap sometimes, especially when you start to see the fees and interest piling up. But the best credit card offers include cards that award cash back, points and miles, and even 0% APR introductory rates – all for little to no annual fee and comparatively low interest rates.
Below are 4 of the top credit cards available now. I’ve considered the following factors in compiling this list:
- Rewards: Some cards offer richer rewards than others. Whether cash back, points or miles, look for cards with the best perks. It’s also important to consider bonus deals.
- Interest Rates: The focus here is on 0% introductory rates. While low regular APRs can be a plus as well, they shouldn’t matter if you are paying the card in full every month.
- Credit Needed: The most rewarding cards require excellent credit. As a result, we also include cards available to those with average credit.
This card comes with cash back and travel options. The cash back option gives you 1% cash back on all purchases, plus 5% cash back on up to $1,500 in its rotating quarterly categories. Plus, right now the card is offering a 0% APR introductory rate on all purchases and balance transfers for 12 months.
Other benefits of the Discover it® card include no annual fee, no late fee on your first late payment, no overlimit fee, and no foreign transaction fee. Plus, Discover monitors all of your purchases, and will alert you immediately if something unusual pops up. Discover offers a $0 liability guarantee to all its customers.
Bonus: The card currently offers double cash back during your first year of card membership.
Bottom Line: If you’re looking for cash back over travel rewards, this is the card to have – especially if you can plan your spending around those rotating 5% cash back categories. When you max out a category in a quarter, that’s an extra $75 in cash back!
Chase Slate® Card
This card makes our list because it is the only 0% APR balance transfer card with no balance transfer fee. Initiate your transfer within the first 60 days of getting the card, and Chase will waive the balance transfer fee. The 0% APR introductory rate lasts for 15 months. There is no annual fee.
Barclaycard Arrival PlusTM World Elite MasterCard®
This card isn’t advertised on TV as much as some of the others on this list, but it has some of the best rewards around today. With this card, you’ll get 2 miles per $1 spent on all purchases. These miles don’t expire as long as your account is open and active.
When you redeem purchases with Barclaycard for travel statement credits, you’ll get 10% miles back, so your miles take you further. Plus, if you spend $3,000 within 90 days of opening up this card, you get 40,000 bonus miles – a $400 value.
This card also offers a 0% introductory APR period of 12 months for balance transfers made within 45 days of opening your account. After that, the variable APR is currently 14.99% to 18.99%, depending on your credit.
This card offers complimentary access to your FICO Credit Score online and on your monthly statements, and it is a chip card for more convenience and security.
Bottom Line: With a 0% APR introductory offer, easy-to-use travel rewards, and a relatively low general APR, this card has it all. It may not be the most advertised card on the web, but it’s a hidden gem.
Capital One® Venture® Rewards Credit Card
This is the card with the most memorable commercials, but it’s also one of the best travel cards around today. It’s most valuable if you use the benefits for travel, when the miles are worth more.
With this card, you’ll earn 2 miles per $1 spent on any purchase, any day. You can get a one-time 20,000 mile bonus if you spend $2,000 on purchases within the first three months of use. That’s about $200 in travel benefits!
This card lets you travel whenever you want with no blackout dates, and your miles don’t expire. You can earn unlimited miles, and cash them in for airline stays, hotel stays, and other travel expenses.
This card has no annual fee for the first year, but it’s $59 after that. It doesn’t have any foreign transaction fees.
Bottom Line: For frequent fliers, this card is a great option. The rewards aren’t worth as much if you cash them in on non-travel expenses, though, so keep that in mind. Also, remember that you’ll have to spend enough to out-earn that $59 annual fee in order to make this card worth your while. You’ll have to spend around $3,000 a year to break even with the annual fee.
Barclaycard Rewards MasterCard®
Many of the best rewards cards are only available to those with excellent credit. This is one exception. This is available to those with average credit, so it’s a good option if you’re trying to build credit while earning credit card rewards.
This card doesn’t have an annual fee, and it offers complimentary access to your FICO® Credit Score. You can access your score on your monthly statement, or look at it any time online through your Barclaycard account. Plus, this card reports monthly to all three major credit bureaus, making it even better for building or rebuilding your credit score.
As far as rewards go, this card offers 2 points per $1 spend on gas, groceries, and utilities. It offers 1 point per $1 spent everywhere else. You can use the points like cash to pay down your statement balance, and you don’t have to worry about redemption fees, limits or other points complications. As long as your account is active and in good standing, your points will never expire.
Bottom Line: If you have average (or even slightly lower than average) credit, this card can be a good option for rebuilding credit while gaining credit card rewards. Since it focuses more heavily on everyday spending, it’s easy to max out your rewards. And cashing them in couldn’t be simpler.
Compare these and other credit cards at CardRatings.com.