A credit card is a form of personal loan that ensures you have enough cash on hand when you need it. Anyone involved with business will tell you that cash flow is vital to the longevity of any business. In a sense your life is also a business and you must manage yourself well if you are to be successful. There are many credit cards with numerous features and benefits so finding the best credit cards for your situation can require a bit of analysis.
We'll have a look at some of the best credit cards in a bit more detail below. Following is a short review on the best credit cards currently available.
For big spenders only! The American Express Platinum Card is for those who have the cash and don't mind spending it. It has one of the largest annual fees at $450 but offers some fantastic rewards. To begin with you'll be relieved to know that you get $200 to cover airline fees every year. If you spend over $2,000 within the first three months of being approved for the credit card you'll also receive a bonus of 25,000 points. The Platinum also gives you a 20% bonus when it's time to redeem your points. As you can see the bonuses add up but only if you are spending a decent amount each month. The 200 dollars to cover airline fees also makes the annual fee seem a little less dramatic.
So you don't like annual fees? No worries, the Chase Sapphire Card is for you. It has no annual fees while still providing some great rewards. It has numerous travel benefits such as providing free travel insurance and rewards can be redeemed for prizes such as hotel stays or free flights! The annual percentage rate, or APR, currently stands at 15.24%. This rate is variable however so it may have changed since writing this. As an added bonus chase are giving away 10,000 points to those who spend over $500 within three months of receiving the card. This equates to about $100 in bonuses. Generally speaking you will receive 1 point for each dollar spent, but this can increase to as much as 10 points per dollar depending on the special offers available.
Other cards, such as the United Mileage Plus Credit Card reward individuals who love to fly. When you travel a great deal for work or holidays then finding a card that can offer no cost travel insurance and benefits you for each and every ticket you purchase may be worthwhile. You will probably find you are able to earn enough returns throughout the year for a free flight or hotel stay. The United Mileage Plus gives you a free baggage check-in which is a saving of $50 per flight, on top of all the other mileage rewards.
Some credit cards accrue no interest for certain period of time. This can be really handy if you are transferring a large debt over from another credit card. Usually the interest free period as one year but can be longer such as with the Chase Freedom Credit Card which has a zero APR (Annual Percentage Rate) for the first 15 months. You also receive $100 cash back just for signing up!
Finding the best credit is not as simple as looking for the card with the lowest rate. You must compare the benefits of each card with your current situation and see how those benefits will affect you. If you like cash rewards look for a card that offers cash backs. If you like to travel find a card that rewards you for traveling. Interest rates become a factor if you can't pay off your card from month to month, something to bear in mind.
We'll have a look at some of the best credit cards in a bit more detail below. Following is a short review on the best credit cards currently available.
For big spenders only! The American Express Platinum Card is for those who have the cash and don't mind spending it. It has one of the largest annual fees at $450 but offers some fantastic rewards. To begin with you'll be relieved to know that you get $200 to cover airline fees every year. If you spend over $2,000 within the first three months of being approved for the credit card you'll also receive a bonus of 25,000 points. The Platinum also gives you a 20% bonus when it's time to redeem your points. As you can see the bonuses add up but only if you are spending a decent amount each month. The 200 dollars to cover airline fees also makes the annual fee seem a little less dramatic.
So you don't like annual fees? No worries, the Chase Sapphire Card is for you. It has no annual fees while still providing some great rewards. It has numerous travel benefits such as providing free travel insurance and rewards can be redeemed for prizes such as hotel stays or free flights! The annual percentage rate, or APR, currently stands at 15.24%. This rate is variable however so it may have changed since writing this. As an added bonus chase are giving away 10,000 points to those who spend over $500 within three months of receiving the card. This equates to about $100 in bonuses. Generally speaking you will receive 1 point for each dollar spent, but this can increase to as much as 10 points per dollar depending on the special offers available.
Other cards, such as the United Mileage Plus Credit Card reward individuals who love to fly. When you travel a great deal for work or holidays then finding a card that can offer no cost travel insurance and benefits you for each and every ticket you purchase may be worthwhile. You will probably find you are able to earn enough returns throughout the year for a free flight or hotel stay. The United Mileage Plus gives you a free baggage check-in which is a saving of $50 per flight, on top of all the other mileage rewards.
Some credit cards accrue no interest for certain period of time. This can be really handy if you are transferring a large debt over from another credit card. Usually the interest free period as one year but can be longer such as with the Chase Freedom Credit Card which has a zero APR (Annual Percentage Rate) for the first 15 months. You also receive $100 cash back just for signing up!
Finding the best credit is not as simple as looking for the card with the lowest rate. You must compare the benefits of each card with your current situation and see how those benefits will affect you. If you like cash rewards look for a card that offers cash backs. If you like to travel find a card that rewards you for traveling. Interest rates become a factor if you can't pay off your card from month to month, something to bear in mind.
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Need a credit card quick but don't know where to look. We review some of the top rated credit cards at Search Credit Cards here.
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