Best Credit Cards

Best Credit Cards

Credit cards—especially cards that return a percentage of what you spend—are a great way to save money in the long run.

Of course, this comes with the caveat that you pay them in full when your credit statements are due. For information on how to make sure that you never miss a credit card fee, see the page.

To get rid of any excitement of finding the "best" credit card, realize that it does not exist. The "best" credit card is the one that works best for you. As such, you will have to do some research on what card suits your lifestyle most.

All credit cards can be broken down into six main categories: Cash-back cards, travel cards, balance transfer cards, 0% APR cards, student cards, and cards for bad credit.

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Cash-back Cards These pay you back a percentage of the amount you spend on each transaction
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Travel Cards These give you points or miles for travel (flights, hotels, and more) on each dollar you spend.
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Balance Transfer Cards These are for when your need to transfer a high-interest balanced to a credit card with a 0% introductory rate to save you hundreds or even thousands of dollars.
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O% APR cards These cards save you money reducing the cost of debt. When you pay less interest, you can borrow back what you've already borrowed more quickly.
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Student Cards Directly aimed at students, these cards are a great first step towards establishing a good credit history.
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Cards for Bad Credit These cards are for those of you who have a bad credit score and can therefore not get the better cards.

All these credit card definitions were taken from nerdwallets website.

Now that you know the types of credit cards available, pick the credit card category that you would like. For most people, this guide recommends starting with a cash-back card to keep things simple.

Since credit card rates and offers are constantly changing, you'll have to go to either (or both) of the websites below to do some research on what the "best" credit card for you is currently:

Once you've found the credit card that you would like to open, just sign up for it on the card issuer's website! And before you apply, make sure that your credit score is within your chosen credit cards acceptance range.

If you'd like the guide writers to make a page on how to get a higher credit score, please let us know by clicking here.

💸The Automatic Millionaire