Credit cards are the most secure way to pay. They offer great protection against fraud as compared to debit cards. They also help you build good credit as long as you don't exceed the overall credit limit. Ideally, to maintain good credit, you will not exceed over 30% of your overall credit limit. So that means if you have a credit limit of $10K, you will not exceed the balance of $3K. In addition, you can earn rewards for purchases such as travel, cash back, gas credit and more. Below are the best types of credit cards.
Best Travel Credit Cards
These are the two best travel credit cards for those offer most affordable traveling experience. They are the best credit cards which earn you rewards on dining and travel.
Best Cash Back Credit Cards
This is the best credit card with a 0% APR for the first 15 months for all kind of purchases you make and the balance transfers. It doesn’t charge a fee for any balance transferred within the first 60 days. After 15 months it charges 13.24% APR to 23.24% depending on your credit.
Blue Cash Preferred from American Express
This is the best credit card with a rewards program. It offers 6% back at US supermarkets on first $6,000 purchases and after that, it is 1%. It offers 3% back at selected department stores and US gas stations. The APR is 0% for the introductory period and then it is charged to 13.24% to 22.24%.
Barclaycard Arrival Plus World Elite MasterCard
For traveling during retirement, the card is best to redeem rewards. The card comes with 0% APR for first 12 months and after that, it goes to 16.24% to 20.24%.
AARP Credit Card from Chase
To earn 3% cash back on dining and gas stations, this is the best card that comes with a 0% APR for first 12 months.
When you make a purchase with this card, you get 1% cash back. Again, when you pay your balance, you are showered with another 1%. The card charges a 0% APR for first 15 months.
This is the card with no introductory APR but is best for travel enthusiast that offers 40,000 bonus miles when you spend $3,000 for first 3 months.
The credit cards are the most affordable tools that can add to your purchasing power.
Best Credit Cards if you are Carrying a Balance
If you are carrying a balance, these cards offer great added perk for unexpected purchase.
If you are looking for the best credit cards, here are some you can consider. It is easy to understand which credit card best suits your needs and lifestyle.