Have you looked into a new credit card recently? If not, you’re potentially missing out on the latest credit card offers. You’ll definitely want to take advantage of the fact that credit card rewards and 0% intro APR periods have grown over the years. If you’re ready to start your search, these six credit cards may be better than your current one.
Balance Transfer Cards
This card rises to the top with its ultra-long 0% balance transfer APR, $0 annual fee and free FICO score. Unlike most cards, it doesn’t charge a late fee or a penalty APR, although you should still pay on time every month. Citi allows you to transfer any kind of debt to your card, including student loans and auto loans, as long as the account number is at least five digits long and doesn’t include any letters. The lengthy 0% APR period (0% on Purchases and Balance Transfers for 21 months, and then the ongoing APR of 14.99% - 24.99% Variable APR) makes this forgiving card a top pick in our book. It’s a go-to if you need some extra time to pay off your debt.
With the Discover it® - 18 Month Balance Transfer Offer, you’ll receive 0% on Purchases for 6 months and 0% on Balance Transfers for 18 months, and then the ongoing APR of 11.99% - 23.99% Variable APR. Plus, Discover won’t charge you a fee for your first late payment or raise your APR for paying late. The rewards structure includes 5% cash back on up to $1,500 spent quarterly in rotating categories that you activate, 1% cash back on everything else, and a rewards bonus you won’t find anywhere else. You’ll get all of that with a $0 annual fee. Bottom line: get it for the long 0% APR period. Keep it for the rewards.
The Chase Sapphire Preferred® Card is one of the best travel cards, period. This card earns 2 Ultimate Rewards points per $1 spent on travel and dining in restaurants and 1 point per dollar on all other purchases. The Chase Sapphire Preferred® Card charges no foreign transaction fees. Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®. Just keep in mind that the card charges an annual fee of $0 for the first year, then $95.
What makes the Bank of America® Travel Rewards Credit Card stand out among travel cards? Its annual fee of $0 is a good start, making it a prime option for the penny wise. There are also no foreign transaction fees. With this card, you earn an unlimited 1.5 points for every dollar spent, on anything. Points are redeemable for any travel purchase — and Bank of America® has one of the broadest definitions of “travel” in the industry. Not only can you use your points to pay for airline tickets, hotel stays and car rentals, but also for such attractions as art museums, amusement parks, carnivals, circuses and zoos. That makes it excellent for vacations and staycations alike.
Cash Back Cards
The Discover it® - Cashback Match™ offers 5% cash back in categories that you activate, on up to $1,500 in spending per quarter. All other purchases earn 1% cash back. This card puts you in charge of your sign-up bonus. Instead of a flat amount paid once you spend a certain amount of money, the bonus is based on your spending and is awarded at the end of your first year: You could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically. With a $0 annual fee, this card does well as either an everyday card or a backup.
This card offers an industry-leading cash back rate on all purchases: You get 1% back on every dollar you spend and another 1% back when you pay off your purchases. Cash back can be redeemed as a statement credit, a gift card or a check in the mail. The Citi® Double Cash Card – 18 month BT offer is one of the best rewards cards on the market, partly because it’s so simple: straight cash back — no points, no bonus categories to keep track of. Cardholders can shop as they normally would and get a fantastic rewards rate. It also has a $0 annual fee.
Updated Sept. 22, 2017.