The top six credit cards recently chosen by Money Magazine are comprised of cards with low fees and big benefits. And they each serve a particular credit style, from folks who carry a balance to people who want investment benefits wherever they can get them. Which cards got top billing?
The best six credit cards as chosen by Money are:
Do you carry a balance month to month?
Discover More Card. Offers hard to find perks with balance transfers, including 0 percent interest for a year and caps on the often high fees that accompany balance transfers. Learn more about Discover More.
Do you spend a lot and want cash back?
Blue Cash from American Express. Get an impressive 5 percent cash rebate on certain purchases when you spend $6,500 in a single year. Learn more about Blue Cash.
Do you spend a little but still want cash back?
Chase Freedom Visa or Mastercard. Receive 3 percent back in your top spending categories, such as groceries, and enjoy a overall reward rate of 1.25 percent. Learn more about Chase Freedom.
Do you travel a lot?
CitiPremierPass. Earn mucho points with this card, which gives you one point for every dollar you spend and a point for every three flying miles. Another choice benefit is the ability to spend points plane tickets without airline restrictions, blackout dates or seat limitations. Learn more about CitiPremierPass.
Do you want to invest more?
Fidelity Investment Rewards Visa. Get a point for every dollar you charge. Once you reach 5,000 points, Fidelity will deposit $75 in an account of your choosing — from retirement accounts to trading accounts. In effect, you’re getting 1.5 percent cash-back overall. Learn more about Fidelity Rewards.
Are you sick of getting stuck by fine print and huge fees?
Local Bank or Credit Union Credit Card. Get a card that’s made for the regular Joe, with low fees and less hassle. Learn more about bank and credit union cards.
If you’re going to use a credit card, why not choose one that will work for you?
Really good article, A-M! People get inundated with credit card offers in the mail, online, etc. I like how this succinctly spells out what may be the best option for you depending on your spending methods and goals.
I’ll have to look into that Fidelity Investment Reward Visa!
Thanks.