Clicky

Select Page

What are the Best Credit Cards of 2017?

Let our guide help you find the best credit card of 2017. We have all the information you need like sign-up bonuses and awesome rewards.

Choose from these categories:

Best Credit Card Offers of 2017

Credit CardWhat You Get 

Chase Sapphire Preferred® Card


Apply Today


Get a $625 Reward for Travel


Bonus Offer
Spend $4,000 in the first 3 months and get 50,000 bonus points. That's equal to $625 for travel which is redeemable with Chase Ultimate Rewards


Rewards Rate
1 point/ $1


Annual Fee
$95 (Free on the first year)




Recommended Credit Score



Intro APR
N/A


Ongoing APR
16.49% - 23.49% Variable APR

BankAmericard Travel Rewards® Credit Card


Apply Today


No Annual Fee with Travel Rewards


Bonus Offer
Spend $1,000 in the first 3 months and get 20,000 bonus points. That can be equivalent to a $200 statement credit for travel


Rewards Rate
1.5 points/ $1


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Purchases (12 billing cycles)


Ongoing APR
15.49% - 23.49% Variable APR

Discover it® - 18 Month Balance Transfer


Apply Today


Cash rewards with 0% Intro APR on Balance Transfer


Bonus Offer
Cashback Match doubles all the cash back you earned in your first year. Easily get $200 more when you earn $200 as cash back during your first year.


Rewards Rate
1%


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Purchases (6 months)
0% on Balance Transfers (18 months)


Ongoing APR
11.49% - 23.49% Variable APR

Blue Cash Preferred® Card from American Express


Apply Today

Best rewards for everyday spending


Bonus Offer
Spend $1,000 in the first 3 months and you’ll get $150 back


Rewards Rate
1%


Annual Fee
$95




Recommended Credit Score



Intro APR
0% on Purchases and Balance Transfers (12 months)


Ongoing APR
13.49% – 23.49% Variable APR

Credit Card

Chase Sapphire Preferred® Card


Apply Today

Get a $625 Reward for Travel


Bonus Offer
Spend $4,000 in the first 3 months and get 50,000 bonus points. That's equal to $625 for travel which is redeemable with Chase Ultimate Rewards


Rewards Rate
1 point/ $1


Annual Fee
$95 (Free on the first year)


Recommended Credit Score



Intro APR
N/A


Ongoing APR
16.49% - 23.49% Variable APR




BankAmericard Travel Rewards® Credit Card


Apply Today


No Annual Fee with Travel Rewards


Bonus Offer
Spend $1,000 in the first 3 months and get 20,000 bonus points. That can be equivalent to a $200 statement credit for travel


Rewards Rate
1.5 points/ $1


Annual Fee
Free


Recommended Credit Score



Intro APR
0% on Purchases (12 billing cycles)


Ongoing APR
15.49% - 23.49% Variable APR



Discover it® - 18 Month Balance Transfer


Apply Today

Cash rewards with 0% Intro APR on Balance Transfer


Bonus Offer
Cashback Match doubles all the cash back you earned in your first year. Easily get $200 more when you earn $200 as cash back during your first year.


Rewards Rate
1%


Annual Fee
Free


Recommended Credit Score



Intro APR
0% on Purchases (6 months)
0% on Balance Transfers (18 months)


Ongoing APR
11.49% - 23.49% Variable APR



Blue Cash Preferred® Card from American Express


Apply Today

Best rewards for everyday spending


Bonus Offer
Spend $1,000 in the first 3 months and you’ll get $150 back


Rewards Rate
1%


Annual Fee
$95



Recommended Credit Score



Intro APR
0% on Purchases and Balance Transfers (12 months)


Ongoing APR
13.49% – 23.49% Variable APR


Best Balance Transfer Credit Cards of 2017

Credit CardWhat You Get 

Discover it® - 18 Month Balance Transfer


Apply Today


Cash rewards with 0% Intro APR on Balance Transfer


Bonus Offer
Cashback Match doubles all the cash back you earned in your first year. Easily get $200 more when you earn $200 cash back during your first year.


Rewards Rate
1%


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Purchases (6 months)
0% on Balance Transfers (18 months)


Ongoing APR
11.49% - 23.49% Variable APR

BankAmericard® Credit Card


Apply Today


0% APR (18 billing cycles) and low ongoing APR


Bonus Offer
None


Rewards Rate
No Rewards


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Balance Transfers (18 billing cycles) in the first 60 days


Ongoing APR
11.49% - 21.49% Variable APR

Chase Slate®


Apply Today


0% APR for 15 months and $0 introductory balance transfer fee


Bonus Offer
Enjoy a $0 intro balance transfer fee and 0% intro APR for 15 months. You also get to receive your Monthly FICO® Score at no cost.


Rewards Rate
0%


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (15 months)


Ongoing APR
15.49% - 24.24% Variable APR

Credit Card

Discover it® - 18 Month Balance Transfer


Apply Today

Cash rewards with 0% Intro APR on Balance Transfer


Bonus Offer
Cashback Match doubles all the cash back you earned in your first year. Easily get $200 more when you earn $200 cash back during your first year.


Rewards Rate
1%


Annual Fee
Free


Recommended Credit Score



Intro APR
0% on Purchases (6 months)
0% on Balance Transfers (18 months)


Ongoing APR
11.49% - 23.49% Variable APR




BankAmericard® Credit Card


Apply Today

0% APR (18 billing cycles) and low ongoing APR


Bonus Offer
None


Rewards Rate
No Rewards


Annual Fee
Free

Recommended Credit Score



Intro APR
0% on Balance Transfers (18 billing cycles) in the first 60 days


Ongoing APR
11.49% - 21.49% Variable APR





Chase Slate®


Apply Today

0% APR for 15 months and $0 introductory balance transfer fee


Bonus Offer
Enjoy a $0 intro balance transfer fee and 0% intro APR for 15 months. You also get to receive your Monthly FICO® Score at no cost.


Rewards Rate
0%


Annual Fee
Free

Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (15 months)


Ongoing APR
15.49% - 24.24% Variable APR





Best Cash Back Credit Cards of 2017

Credit CardWhat You Get 

Discover it® - Cashback Match™


Apply Today


Big first year bonus with 5% cash back


Bonus Offer
For new card members, we offer a Cashback Match for the first year. All cash back earned will be matched. Get $400 cash back for just $200 cash back earned.


Rewards Rate
1%


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (14 months)


Ongoing APR
11.49% - 23.49% Variable APR

Chase Freedom Unlimited℠


Apply Today


Sign-up bonus of $150 cash with 1.5% cash back


Bonus Offer
Spend $500 in the first 3 months and you will get a $150 cash bonus


Rewards Rate
1.5%


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (15 months)


Ongoing APR
15.49% - 24.24% Variable APR

Blue Cash Preferred® Card from American Express


Apply Today

Get 6% cash back at supermarkets and 3% at gas stations


Bonus Offer
Spend $1,000 in the first 3 months and you’ll get $150 back


Rewards Rate
1%


Annual Fee
$95




Recommended Credit Score



Intro APR
0% on Purchases and Balance Transfers (12 months)


Ongoing APR
13.49% – 23.49% Variable APR

Credit Card

Discover it® - Cashback Match™


Apply Today

Big first year bonus with 5% cash back


Bonus Offer
For new card members, we offer a Cashback Match for the first year. All cash back earned will be matched. Get $400 cash back for just $200 cash back earned.


Rewards Rate
1%


Annual Fee
Free


Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (14 months)


Ongoing APR
11.49% - 23.49% Variable APR



Chase Freedom Unlimited℠


Apply Today

Sign-up bonus of $150 cash with 1.5% cash back


Bonus Offer
Spend $500 in the first 3 months and you will get a $150 cash bonus


Rewards Rate
1.5%


Annual Fee
Free



Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (15 months)


Ongoing APR
15.49% - 24.24% Variable APR


Blue Cash Preferred® Card from American Express


Apply Today

Get 6% cash back at supermarkets and 3% at gas stations


Bonus Offer
Spend $1,000 in the first 3 months and you’ll get $150 back


Rewards Rate
1%


Annual Fee
$95


Recommended Credit Score



Intro APR
0% on Purchases and Balance Transfers (12 months)


Ongoing APR
13.49% – 23.49% Variable APR



Best Travel Credit Cards of 2017

Credit CardWhat You Get 

Chase Sapphire Preferred® Card


Apply Today


Get a $625 Reward for Travel


Bonus Offer
Spend $4,000 in the first 3 months and get 50,000 bonus points. That's equal to $625 for travel which is redeemable with Chase Ultimate Rewards


Rewards Rate
1 point/ $1


Annual Fee
$95 (Free on the first year)




Recommended Credit Score



Intro APR
N/A


Ongoing APR
16.49% - 23.49% Variable APR

BankAmericard Travel Rewards® Credit Card


Apply Today


No Annual Fee with Travel Rewards


Bonus Offer
Spend $1,000 in the first 3 months and get 20,000 bonus points. That can be equivalent to a $200 statement credit for travel


Rewards Rate
1.5 points/ $1


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Purchases (12 billing cycles)


Ongoing APR
15.49% - 23.49% Variable APR

Capital One® Venture® Rewards Credit Card


Apply Today


Easily double your travel rewards


Bonus Offer
Spend $3,000 in the first 3 months and you’ll get 40,000 miles on your card. That's $400 you can spend on travel.


Rewards Rate
2 miles


Annual Fee
$59(Free first year)




Recommended Credit Score



Intro APR
N/A


Ongoing APR
13.49% – 23.49% Variable APR

Credit Card

Chase Sapphire Preferred® Card


Apply Today

Get a $625 Reward for Travel


Bonus Offer
Spend $4,000 in the first 3 months and get 50,000 bonus points. That's equal to $625 for travel which is redeemable with Chase Ultimate Rewards


Rewards Rate
1 point/ $1


Annual Fee
$95 (Free on the first year)


Recommended Credit Score



Intro APR
N/A


Ongoing APR
16.49% - 23.49% Variable APR



BankAmericard Travel Rewards® Credit Card


Apply Today

No Annual Fee with Travel Rewards


Bonus Offer
Spend $1,000 in the first 3 months and get 20,000 bonus points. That can be equivalent to a $200 statement credit for travel


Rewards Rate
1.5 points/ $1


Annual Fee
Free


Recommended Credit Score



Intro APR
0% on Purchases (12 billing cycles)


Ongoing APR
15.49% - 23.49% Variable APR




Capital One® Venture® Rewards Credit Card


Apply Today

Easily double your travel rewards


Bonus Offer
Spend $3,000 in the first 3 months and you’ll get 40,000 miles on your card. That's $400 you can spend on travel.


Rewards Rate
2 miles


Annual Fee
$59(Free first year)



Recommended Credit Score



Intro APR
N/A


Ongoing APR
13.49% – 23.49% Variable APR


Best Rewards Credit Cards of 2017

Credit CardWhat You Get 

Chase Sapphire Preferred® Card


Apply Today


Get a $625 Reward for Travel


Bonus Offer
Spend $4,000 in the first 3 months and get 50,000 bonus points. That's equal to $625 for travel which is redeemable with Chase Ultimate Rewards.


Rewards Rate
1 point/ $1


Annual Fee
$95 (Free on the first year)




Recommended Credit Score



Intro APR
N/A


Ongoing APR
16.49% - 23.49% Variable APR

Blue Cash Preferred® Card from American Express


Apply Today


Get 6% cash back at supermarkets and 3% at gas stations


Bonus Offer
Spend $1,000 in the first 3 months and you’ll get $150 back


Rewards Rate
1%


Annual Fee
$95




Recommended Credit Score



Intro APR
0% on Purchases and Balance Transfers (12 months)


Ongoing APR
13.49% – 23.49% Variable APR

Discover it® - Cashback Match™


Apply Today


Big first year bonus with 5% cash back


Bonus Offer
For new card members, we offer a Cashback Match for the first year. All cash back earned will be matched. Get $400 cash back for just $200 cash back earned.


Rewards Rate
1%


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (14 months)


Ongoing APR
11.49% - 23.49% Variable APR

Credit Card

Chase Sapphire Preferred® Card


Apply Today


Get a $625 Reward for Travel


Bonus Offer
Spend $4,000 in the first 3 months and get 50,000 bonus points. That's equal to $625 for travel which is redeemable with Chase Ultimate Rewards.


Rewards Rate
1 point/ $1


Annual Fee
$95 (Free on the first year)



Recommended Credit Score



Intro APR
N/A


Ongoing APR
16.49% - 23.49% Variable APR

Blue Cash Preferred® Card from American Express


Apply Today

Get 6% cash back at supermarkets and 3% at gas stations


Bonus Offer
Spend $1,000 in the first 3 months and you’ll get $150 back


Rewards Rate
1%


Annual Fee
$95



Recommended Credit Score



Intro APR
0% on Purchases and Balance Transfers (12 months)


Ongoing APR
13.49% – 23.49% Variable APR



Discover it® - Cashback Match™


Apply Today

Big first year bonus with 5% cash back


Bonus Offer
For new card members, we offer a Cashback Match for the first year. All cash back earned will be matched. Get $400 cash back for just $200 cash back earned.


Rewards Rate
1%


Annual Fee
Free



Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (14 months)


Ongoing APR
11.49% - 23.49% Variable APR


Best Low Interest Credit Cards of 2017

Credit CardWhat You Get 

BankAmericard® Credit Card


Apply Today


0% APR (18 billing cycles) and low ongoing APR


Bonus Offer
None


Rewards Rate
No Rewards


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Balance Transfers (18 billing cycles) in the first 60 days


Ongoing APR
11.49% - 21.49% Variable APR

Chase Slate®


Apply Today


0% APR for 15 months and $0 introductory balance transfer fee


Bonus Offer
Enjoy a $0 intro balance transfer fee and 0% intro APR for 15 months. You also get to receive your Monthly FICO® Score at no cost.


Rewards Rate
0%


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (15 months)


Ongoing APR
15.49% - 24.24% Variable APR

Barclaycard Ring MasterCard®


Apply Today


Best interest rates in the market


Bonus Offer
For purchases and balance transfers, enjoy a low variable APR


Rewards Rate
0%


Annual Fee
Free




Recommended Credit Score



Intro APR
N/A


Ongoing APR
8.5% Variable APR

Credit Card

BankAmericard® Credit Card


Apply Today

0% APR (18 billing cycles) and low ongoing APR


Bonus Offer
None


Rewards Rate
No Rewards


Annual Fee
Free



Recommended Credit Score



Intro APR
0% on Balance Transfers (18 billing cycles) in the first 60 days


Ongoing APR
11.49% - 21.49% Variable APR


Chase Slate®


Apply Today

0% APR for 15 months and $0 introductory balance transfer fee


Bonus Offer
Enjoy a $0 intro balance transfer fee and 0% intro APR for 15 months. You also get to receive your Monthly FICO® Score at no cost.


Rewards Rate
0%


Annual Fee
Free


Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (15 months)


Ongoing APR
15.49% - 24.24% Variable APR



Barclaycard Ring MasterCard®


Apply Today


Best interest rates in the market


Bonus Offer
For purchases and balance transfers, enjoy a low variable APR


Rewards Rate
0%


Annual Fee
Free


Recommended Credit Score



Intro APR
N/A


Ongoing APR
8.5% Variable APR



Best Small Business Credit Cards of 2017

Credit CardWhat You Get 

SimplyCash® Plus Business Credit Card from American Express


Apply Today

Get to pick the category for your Rewards


Bonus Offer
When you spend $5,000 on qualified Purchases in the first 6 months, get $200 statement credit. In addition, get another $200 statement credit when you spend an additional $10,000 on qualified Purchases within your first year.


Rewards Rate
1%


Annual Fee
Free




Recommended Credit Score



Intro APR
0% for Purchases (9 months)


Ongoing APR
12.74% - 19.74% Variable APR

Ink Business Cash℠ Credit Card


Apply Today

No annual fees, more cash back


Bonus Offer
Spend $3,000 on your card and get $300 Cash back during the first 3 months.


Rewards Rate
1%


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (12 months)


Ongoing APR
13.74% - 19.74% Variable APR

Ink Business Preferred℠ Credit Card


Apply Today


Receive an introductory bonus of $1,000 for travel


Bonus Offer
When you spend $5,000 in the first 3 months, get 80,000 bonus points. That's equivalent to $1,000 that you can use for travel(Chase Ultimate Rewards®)


Rewards Rate
1 point/$1


Annual Fee
$95




Recommended Credit Score



Intro APR
N/A


Ongoing APR
16.49% - 21.49% Variable APR

Capital One® Spark® Cash for Business


Apply Today


2% Cash back


Bonus Offer
Get $500 cash when you spend $4,500 in the first 3 months


Rewards Rate
2%


Annual Fee
$59(Free first year)




Recommended Credit Score



Intro APR
N/A


Ongoing APR
17.49% Variable APR

Credit Card

SimplyCash® Plus Business Credit Card from American Express


Apply Today

Get to pick the category for your Rewards


Bonus Offer
When you spend $5,000 on qualified Purchases in the first 6 months, get $200 statement credit. In addition, get another $200 statement credit when you spend an additional $10,000 on qualified Purchases within your first year.


Rewards Rate
1%


Annual Fee
Free


Recommended Credit Score



Intro APR
0% for Purchases (9 months)


Ongoing APR
12.74% - 19.74% Variable APR



Ink Business Cash℠ Credit Card


Apply Today

No annual fees, more cash back


Bonus Offer
Spend $3,000 on your card and get $300 Cash back during the first 3 months.


Rewards Rate
1%


Annual Fee
Free



Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (12 months)


Ongoing APR
13.74% - 19.74% Variable APR



Ink Business Preferred℠ Credit Card


Apply Today

Receive an introductory bonus of $1,000 for travel


Bonus Offer
When you spend $5,000 in the first 3 months, get 80,000 bonus points. That's equivalent to $1,000 that you can use for travel(Chase Ultimate Rewards®)


Rewards Rate
1 point/$1


Annual Fee
$95


Recommended Credit Score



Intro APR
N/A


Ongoing APR
16.49% - 21.49% Variable APR




Capital One® Spark® Cash for Business


Apply Today

2% Cash back


Bonus Offer
Get $500 cash when you spend $4,500 in the first 3 months


Rewards Rate
2%


Annual Fee
$59(Free first year)



Recommended Credit Score



Intro APR
N/A


Ongoing APR
17.49% Variable APR



Best Average Credit – Credit Cards of 2017

Credit CardWhat You Get 

Capital One® QuicksilverOne® Cash Rewards Credit Card


Apply Today

Get 1.5% Cash back


Bonus Offer
Receive 1.5% cash back on all your purchases


Rewards Rate
1.5%


Annual Fee
$39




Recommended Credit Score



Intro APR
N/A


Ongoing APR
24.99% Variable APR

Chase Slate®

Apply Today


Get no interest for 15 months and $0 introductory balance transfer fee


Bonus Offer
Enjoy a $0 intro balance transfer fee and 0% intro APR for 15 months. You also get to receive your Monthly FICO® Score at no cost.


Rewards Rate
0%


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (15 months)


Ongoing APR
15.49% - 24.24% Variable APR

Credit Card

Capital One® QuicksilverOne® Cash Rewards Credit Card


Apply Today

Get 1.5% Cash back


Bonus Offer
Receive 1.5% cash back on all your purchases


Rewards Rate
1.5%


Annual Fee
$39


Recommended Credit Score



Intro APR
N/A


Ongoing APR
24.99% Variable APR



Chase Slate®


Apply Today


Get no interest for 15 months and $0 introductory balance transfer fee


Bonus Offer
Enjoy a $0 intro balance transfer fee and 0% intro APR for 15 months. You also get to receive your Monthly FICO® Score at no cost.


Rewards Rate
0%


Annual Fee
Free



Recommended Credit Score



Intro APR
0% on Balance Transfers and Purchases (15 months)


Ongoing APR
15.49% - 24.24% Variable APR


Best Rebuilding Credit – Credit Cards of 2017

Credit CardWhat You Get 

Discover it® Secured Card


Apply Today

Get a secured card with Cash back


Bonus Offer
None


Rewards Rate
1%


Annual Fee
Free




Recommended Credit Score



Intro APR
10.99% for Balance Transfers (6 months)


Ongoing APR
23.49% Variable APR

Capital One® Secured MasterCard®


Apply Today

Get a secured card with minimal fees


Bonus Offer
None


Rewards Rate
0%


Annual Fee
Free




Recommended Credit Score



Intro APR
N/A


Ongoing APR
24.99% Variable APR

First Progress Platinum Elite MasterCard® Secured Credit Card


Apply Today


Build your credit today


Bonus Offer
None


Rewards Rate
N/A


Annual Fee
$29




Recommended Credit Score



Intro APR
N/A


Ongoing APR
19.99% Variable APR

Credit Card

Discover it® Secured Card


Apply Today

Get a secured card with Cash back


Bonus Offer
None


Rewards Rate
1%


Annual Fee
Free


Recommended Credit Score



Intro APR
10.99% for Balance Transfers (6 months)


Ongoing APR
23.49% Variable APR



Capital One® Secured MasterCard®


Apply Today


Get a secured card with minimal fees


Bonus Offer
None


Rewards Rate
0%


Annual Fee
Free


Recommended Credit Score



Intro APR
N/A


Ongoing APR
24.99% Variable APR



First Progress Platinum Elite MasterCard® Secured Credit Card


Apply Today

Build your credit today


Bonus Offer
None


Rewards Rate
N/A


Annual Fee
$29



Recommended Credit Score



Intro APR
N/A


Ongoing APR
19.99% Variable APR



Best Student Credit Cards of 2017

Credit CardWhat You Get 

Discover it® for Students


Apply Today

Get 5% Cash back on qualified purchases


Bonus Offer
For new members, all cash back is matched by Discover during the first year.


Rewards Rate
1%


Annual Fee
Free




Recommended Credit Score



Intro APR
10.99% on Balance Transfers and 0% on Purchases(6 months)


Ongoing APR
13.49% - 22.49% Variable APR

Citi ThankYou® Preferred Card for College Students


Apply Today


Double the Rewards on Entertainment and Dining


Bonus Offer
Spend $500 in your first 3 months to get 2,500 ThankYou Points.


Rewards Rate
1 point/$1


Annual Fee
Free




Recommended Credit Score



Intro APR
0% on Purchases (7 months)


Ongoing APR
14.49% - 24.49% Variable APR

Credit Card

Discover it® for Students


Apply Today

Get 5% Cash back on qualified purchases


Bonus Offer
For new members, all cash back is matched by Discover during the first year.


Rewards Rate
1%


Annual Fee
Free


Recommended Credit Score



Intro APR
10.99% on Balance Transfers and 0% on Purchases(6 months)


Ongoing APR
13.49% - 22.49% Variable APR


Citi ThankYou® Preferred Card for College Students


Apply Today


Double the Rewards on Entertainment and Dining


Bonus Offer
Spend $500 in your first 3 months to get 2,500 ThankYou Points.


Rewards Rate
1 point/$1


Annual Fee
Free



Recommended Credit Score



Intro APR
0% on Purchases (7 months)


Ongoing APR
14.49% - 24.49% Variable APR


A Four Step Guide to Picking the Best Credit Card

If you’re thinking of applying for a credit card there are various factors you should consider prior to submitting your application. There isn’t a definitive superior card on the market – the best card for you will depend on your particular situation. You should ensure you consider all aspects of prospective cards prior to applying – applying for cards can impact your credit score and should not be done without substantial research.

In this guide, we will describe four quick steps you should take prior to making a decision on which card to apply for.

1. Credit Score Check

Before you apply for a card you should make sure to check your credit score so you know which credit cards you are likely to be eligible for. You don’t want to waste your time applying for a card that you will never be approved for, it will negatively impact your score and affect your ability to receive credit in the future. If you want to check your credit score there are two primary ways to do so:

  • If you already have a credit card most lenders will provide you with your score free of charge – contact them if you don’t know how to access this feature.
  • The three major credit reporting agencies will sell you your score for a relatively low fee. These agencies include Experian, Equifax, and TransUnion.

If you find that your score is lower than needed to apply for most major cards, you should begin steps to improve your score. There are various ways to help improve your score, including paying down current debt, and reducing your current expenditure. In addition, you can often contract credit repair companies to help you remove unwanted items from your report – it’s a great way to immediately improve your score.

2. Determine Which Card is Best for You

There are three primary categories of credit card:

1. Cards that you can use to build or rebuild your current credit score

2. Cards that have low-interest and save you money over time

3. Cards that allow you to accumulate awards (travel, cashback, etc.)

Don’t apply for a card that doesn’t provide for your needs. If you don’t travel, applying for a travel card will be a both a waste of time and money.

BUILD OR REBUILD CREDIT

If you’re currently studying at college you can most likely receive a student credit card which can help you start building your credit – these cards typically require little to no credit history. If you have a poor credit score you can access a secured credit card which requires you to make a deposit equal to the credit limit on the card. This ensures that you won’t be able to default on the card’s balance.

LOW INTEREST

Many cards offer lower interest than some of the rewards cards which typically have much higher interest rates. In addition, plenty of credit cards offer introductory interest free periods which will make sure you aren’t charged interest on initial charges. Some cards will also allow you to transfer your current credit card balance to a new credit card in order to take advantage of low interest and interest free introductory offers.

REWARDS CARDS

Rewards cards allow you to accumulate rewards points which can be redeemed for flights, travel, and other items. You will only want to use one of these cards if you are able to pay off most of your balance in full each month – they have high interest rates and annual fees.

3. Determine the Best Choice by Asking Honest Questions

It’s easy to convince yourself of something that is untrue – that’s why it’s important to be honest with yourself when it comes to choosing a credit card. You don’t want to end up wasting money on a certain type of card purely because you thought the offer sounded enticing. We’ve compiled some questions to ask about each type of card before submitting your application.

BUILD OR REBUILD CREDIT

Is this card accessible?

  • Because you lack a credit score, you should be sure that you can receive the card prior to applying – have a look online at what common past scores have been accepted for the card you want to apply for.

What are the associated costs?

  • Make sure to check how much the annual fee is, as well as the amount of money you will owe in interest should you carry a balance on the card.

Can I move on to a better card at a later date?

  • Choose a card that will reflect positively on your credit report – the aim should be to move onto a better card later on.

LOW INTEREST

Length of interest free period and regular interest rate?

  • Check out how long the interest free period is, also make sure to compare the interest rate with other recommended cards.

What are the balance transfer terms?

  • You’ll want to make sure the card has a balance transfer function. You also need to be aware of any fees associated with balance transfers.

Are there additional benefits?

  • Most low interest cards don’t come with additional benefits, but make sure you compare all cards before deciding on a lender because sometimes promotions will include rewards for low interest cards.

REWARDS CARDS

Am I a big spender?

  • If you’re a big spender a rewards card may be justified. You will be able to accumulate enough points to offset the cost of the annual fee and higher interest rates.

Is the card too complicated?

  • Some rewards cards require you to book with certain airlines and at specific times, it can often be too hard to redeem your rewards if you use an overly complicated card.

What are my points worth?

  • Depending on the card you have, the value of your points will differ. Make sure to check out the level of reward redeemable for your points so that you know the true value of your rewards.

4. Seek a Card That Gives You the Most Personal Value

It can be easy to spot a bad card, but choosing between your top choices can be quite difficult. That’s why it’s important to ask you a few more questions if you’re having problems making your final decision. Think about the following things for each card when deciding on which to apply for.

BUILD OR REBUILD CREDIT CARDS

  • You should prioritize cards that allow you to increase your credit limit over time.
  • If you have a secured card, some providers will allow you to earn interest on your deposit.

LOW INTEREST CREDIT CARDS

  • Some lenders provide debt management tools which can help you pay off your current credit card balance quickly.
  • Some lenders have reduced or waived late fees for payments – this can save you money if you end up needing extra time to pay your bill.

REWARDS CREDIT CARDS

  • Some cards require very little spending to trigger bonuses, these should prioritized if you’re a lower spender.
  • Some lenders have expiration dates on their rewards, opt for those who don’t.

Remember you can include household income on your credit card application. In addition, your student loans count as income for many lenders.

Next Steps After Your Application?

After you receive your credit card you should use it as a tool to maintain or build your credibility with lenders. Use your card effectively, pay it off on time, and avoid as much interest as possible.