Are you a responsible, financially-savvy consumer in need of a better credit card? You are in the right place.
Citi Simplicity MasterCard – There’s no better card on the market today to tout responsible credit card usage than the Citi Simplicity MasterCard. This credit card offers the longest 0% intro APR for balance transfers and purchase (18 months) and NEVER charges you a late fee. Once the intro rate APR expires, the regular APR becomes 12.99%, 15.99%, 18.99%, 20.99%, and 22.99% variable based upon your credit worthiness. In addition to having no late fees, there are also no over-limit fees should you charge a little extra than your credit limit. Also nice to see is that the City Simplicity MasterCard has no annual fee, but the one fee this card does have is a 3% balance transfer fee. So, for example, if you decide to sign up and transfer a $10,000 balance from another credit card, you will have 18 months to pay off a total of $10,300 (interest free).
The Best Credit Cards by Category
On these pages you’ll find the best credit cards available today. Get started by choosing a card category below:
Best Cash Back Credit Cards – Show me the money! Consumers who choose these cash back reward cards only want one thing: top dollar cash back rewards in exchange for their spending.
Best Travel Rewards Credit Cards – If you do a lot of traveling, or if airline miles are like gold to you, then check out these cards. You’ll be off on that free vacation in no time. A good travel rewards card will protect you too.
Best Airline Miles Credit Cards – If you fly a particular airline regularly (AA, Continental, Southwest, Delta, United), then there is likely a card for you here. With one of these cards, you can most likely qualify for a free round trip ticket fairly quickly.
Best 0% Balance Transfer Credit Cards – Are you on a debt reduction plan and need to free yourself from high-interest? 0% balance transfer cards can be a creative way to speed up your debt payoff plan. These days, transfer deals can be had for 18 months.
Best Low Interest Credit Cards – If you plan is to occasionally carry a balance on your credit card, then consider a low interest card. These cards have interest rates closer to 10%, as opposed to 20%.
Best Credit Cards for College Students – Heading off to college soon? Want to start building your credit history? Consider one of these cards aimed at helping you manage your money wisely and reward you for your smart spending and grades.
Best Small Business Credit Cards – Small business owners who need a bit of flexibility in their cash flow, should consider a business credit card. Run your business expenses through this card and you will have a month longer to pay your bills.
Best Charge Cards – Not interested in credit? I’ve put together a quick review of all of the charge cards on the market. These cards have made a comeback in recent years as consumers appreciate that they must be paid off each month.
Free Prepaid Debit Cards – Again, if you are not into credit, then consider a prepaid card. These cards often come with stupid fees or hoops to jump through. But we’ve waded through the terms and found the fee free cards for you.
Best Secured Credit Cards – If you are just getting started with credit, or if you’ve had difficulty managing credit in the past, a secured card might be the best solution for you.
Credit Cards 101
Credit cards can play a big role in personal finance. Most smart people I know do one of two things with credit cards: either they don’t touch them at all, or they use them to their advantage. How can a credit card be a positive piece of your financial portfolio? First, find the right card. Then, make sure you handle it properly:
- pay it off each month,
- maximize your cash back and rewards,
- and watch out for fees.
Over time you will rack up rewards and your credit history should improve. I recently did a Google hangout with Jason Hull of Hull Financial Planning, and Michael Pruser and Jason Steele, both contributors to PT Money. We covered all aspects of maximizing your efforts when it comes to cash back and reward credit cards, including our recommendations for the best credit cards available today. View the video below:
I know a lot of people don’t care for credit cards, including some of my readers, but I think they have their place. I see credit cards as simply another financial tool, like life insurance or a Roth IRA. They’re just an instrument to make things happen financially. It’s all in how you treat them. Don’t want to deal with credit cards? You should check out my section of charge cards or the excellent rewards debit card from PerkStreet Financial.