Having the right credit card is an important part of any personal finance plan. The best credit card for you is one that will allow you to access a healthy credit limit while keeping interest rates manageable. In the process, you will build up your credit score from the rating agencies. In the future, you will be able to tap credit or financial tools to better build your career and life. This is all easier if you start with a credit company that enables you to build credit sustainably. Find out the best credits you should consider in 2019 and beyond.
Discover It Cash Back Credit Card
One of the key determinants of credit card quality is the interest rate you will be charged. The APR, or annual percentage rate, can make a huge difference in how costly the card will be over time. This is where Discover’s Discover It Cash Back credit card shines. This card will save you money with its reasonable rates. For 14 months, you get a 0% annual percentage rate, as part of the introductory offer. Once that time is up, the rates are between 14.24% and 25.24%. Your exact rate will depend on your current credit score.
Capital One Quicksilver Cash Rewards Credit Card
Capital One is one of the country’s biggest banks and has a comprehensive assortment of credit card options. One of the best, especially for individuals who want simplicity, is the Capital One Quicksilver Cash Rewards Credit card. The Quicksilver Cash Rewards card offers a flat and easy to understand 1.5% cash back reward on every single purchase, any day. This makes the card useful as an everyday spending card rather than something you only use for meals or flights to get rewards.
Chase Sapphire Preferred Credit Card
The Chase Sapphire Preferred Credit Card comes from JPMorgan Chase and Co. The bank also happens to be one of the largest credit card issuers in the US. The Chase Sapphire Preferred is a high quality credit card that offers plenty of benefits for people who travel frequently. It comes with 2X points for travel and dining. Other purchases come with 1X points. Rewards can be used to pay for travel and other offers through Chase Ultimate Rewards. An intro bonus of 60,000 points is available for those with qualifying spending.
OpenSky Secured Visa Credit Card
For those who haven’t got a stellar credit rating, the OpenSky Secured Visa Credit Card is one of the best options. This card will allow you to plan your finances and slowly build up your credit score to a higher rating. The card does not require a credit check. You just deposit as little as $200 to secure the credit line, and, once approved, get the card. You can use this card for purchasing everything from groceries to gas and utility payments. Since OpenSky reports to the credit ratings agencies each month, you can quickly improve your credit score.
To Consider Before Your Purchase
Credit cards are a useful tool for personal finance, however, they call for a great deal of responsibility. Make sure you have stable monthly income to be able to make the payments each month. If possible, lay aside some savings to pay off your credit cards without any interruption. These, and other risk averse moves, will protect your credit rating for the long term.
- Discover It Cash Back Credit Card: Carries no annual fees
- Capital One Quicksilver Cash Rewards Credit Card: Carries no annual fees
- Chase Sapphire Preferred Credit Card: $95 annual fee
- OpenSky Secured Visa Credit Card: $35 annual fee
What Do They Say on Other Sites
“Lots of rewards points, easy to use the point and travel points get accumulated faster. Interest rate is not much and gives more points or reward when used for travel on the Chase site.” (Bhagat on Consumer Affairs)
“The travel call center is clearly offshore, and the agents don't care at all about Sapphire customers. This is a card with a $450 annual fee. I will be cancelling my Chase Sapphire card and look for a luxury card with excellent customer service.” (Lisa on Consumer Affairs)
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