Adam McCann, Financial Writer
@adam_mccann
The best type of credit card is an unsecured credit card with rewards and no annual fee because it saves consumers a lot of money on purchases. The best credit card overall is Chase Freedom Unlimited®, which offers 1.5 - 5% cash back and an introductory APR of 0% for 15 months with a $0 annual fee.
For any individual person, though, the best type of credit card depends on their specific needs. Some people need cards that cater to low credit scores, while others need cards that give 0% financing on purchases or provide the best value at their favorite retailer. And some types of credit cards are the best for certain demographics only – like students or business owners.
Best Types of Credit Cards
Type of Card | Best For |
People with at least good credit who want to save money | |
People with bad or limited credit | |
People with at least good credit who want to finance purchases | |
People with at least good credit who need to refinance existing debts | |
People who shop a lot at certain retailers | |
Students | |
Business owners and authorized representatives |
Now that you know about the best types of credit cards, you can learn more about some of the best individual credit cards below.
Best Credit Cards in 2023
You can browse the market’s best credit cards on WalletHub. You can also join WalletHub for free to get personalized credit card recommendations.
2023's Best Credit Cards
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