If you’re looking for the best credit card, then I have you covered. In this guide, we will discuss what makes a good credit card and which cards are worth your time. A lot of people do not know how to use their credit cards effectively and end up paying unnecessary fees or racking up large debts that they can’t repay. However, with some knowledge about how best to use your card, you could save yourself money and increase your credit score!
Whats A Great Credit Card? What to Look For:
So what makes a good credit card? The first thing to look for is a card that has a low-interest rate. This will help you avoid large fees if you happen to carry a balance on your card from month to month. The best way to determine if a card has a low interest rate is by looking at its Annual Percentage Rate (APR). This figure represents the yearly cost of borrowing on your credit card and, as such, will tell you how much more expensive it would be than other cards. Generally speaking, you should aim for an APR under 15%.
Another thing to look for is a card with no annual fee. A lot of cards charge an annual fee just for having the card, and this can really add up over time. By looking for a card that doesn’t have an annual fee, you can save yourself some money in the long run.
Finally, if you’re looking to transfer a balance from another card, then you’ll want to find a card with a good balance transfer offer. Many cards will offer a 0% APR on transferred balances for a set period of time, which can be helpful in reducing your overall debt burden. Just be sure to read the terms and conditions carefully before signing up, as some offers come with high fees attached.
So those are three things to look for when choosing a credit card: a low APR, no annual fee, and a good balance transfer offer. But what are some specific cards that fit these criteria? Well, here are five of the best credit cards currently available:
Best Options For APR and Balance:
- The Citi Simplicity Card has a 0% APR on both purchases and balance transfers for 21 months, and no annual fee.
- The Chase Freedom Card has a 0% APR on purchases and balance transfers for 15 months, and no annual fee.
- The Capital One Quicksilver Cash Rewards Card has a 0% APR on both purchases and balance transfers for 15 months, and no annual fee.
- The American Express Blue Cash Everyday Card has a 0% APR on purchases and balance transfers for 12 months, and no annual fee.
- The Discover it Cash Back Card has a 0% APR on purchases and balance transfers for 14 months, and no annual fee.
So those are some of the best credit cards currently available. By choosing one of these cards, you’ll be sure to get a great deal on your credit card needs. Thanks for reading!
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