Getting hit with extra costs is the pits, especially when it comes to your credit card. Thankfully, there are several great credit card offers on the market that will help you dodge common, plastic-related expenses.
Here are the Nerds’ top picks for:
Avoiding finance charges: Citi® Double Cash Card – 18 month BT offer
If you can believe it, all of these great benefits come at an annual fee of $0. In short, with the Citi® Double Cash Card – 18 month BT offer there’s nothing not to love.
Avoiding annual fees: Chase Freedom®no annual fee. One of the best is the Chase Freedom® because of its rich rewards. With it, you’ll earn 5% cash back in rotating quarterly bonus categories throughout the year, up to $1,500 spent per quarter. You’ll also earn 1% cash back on all other purchases. Here are the current categories:
|Chase Freedom® bonus rewards categories for 2019|
|Q1 (Jan. 1 - March 31)||Gas stations, tolls and drugstores|
|Q2 (April 1 - June 30)||Home improvement stores and grocery stores|
|Q3 (July 1 – Sept. 30)||Gas stations and select streaming services|
|Q4 (Oct. 1 – Dec. 31)||"Holiday" — TBD
(In 2018: Department stores, wholesale clubs, Chase Pay)
Historically, featured 5% categories have included things like gas stations, restaurants, select grocery stores, wholesale clubs and more. This means there’s an opportunity for nearly every type of shopper to cash in big with the Chase Freedom® throughout the year.
Unlike many other cash-back cards, the Chase Freedom® comes with a signup bonus: Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening. And don’t forget, the annual fee is $0, so you won’t have to worry about shelling out any extra cash as you score your 5% rewards.
Avoiding late fees: Citi Simplicity® Card - No Late Fees Ever
If you’re constantly getting hit with late fees on your credit card, the Citi Simplicity® Card - No Late Fees Ever should definitely be in your wallet. It charges no late fees, no penalty APR, and has an annual fee of $0. This makes it a truly cost-effective option for forgetful folks.
The Citi Simplicity® Card - No Late Fees Ever also comes with a great introductory 0% APR offer: 0% on Purchases for 12 months and 0% on Balance Transfers for 21 months, and then the ongoing APR of 16.24% - 26.24% Variable APR. In short, this card comes with multiple opportunities to save on everyday credit card costs.
Nerd note: We think this card is a fine option if you’re planning to finance a large purchase and pay it off over time. However, it’s not ideal for balance transfers because of its 5% balance transfer fee.