Of these three cards, the best all-around option is Chase Freedom Unlimited®. It has a $0 annual fee and offers 1.5 - 5% cash back, along with an introductory APR of 0% for 15 months on purchases. To qualify for this card, you need at least good credit.
Of course, the top 3 credit cards in general won’t necessarily be the top 3 credit cards for everyone, especially people who have limited, bad or fair credit. You can check out WalletHub’s picks for the best credit cards to see the top offers for people of all credit levels.
Four major types of credit cards are Visa, Mastercard, American Express and Discover. These are the major credit card networks, which most credit cards belong to, and they dictate where cards can be used as well as what secondary benefits cards offer. Fundamentally, the credit cards on these networks work the same way, however.… read full answer
Overall, Visa and Mastercard credit cards have the greatest worldwide acceptance, but American Express and Discover cards still have very broad coverage. When it comes to benefits, different networks provide different perks like rental car insurance, travel insurance and purchase protection. But which network benefits a card has is often left up to the issuing bank or credit union.
There are other nuances to these four types of credit cards, too. For example, American Express and Discover are the only two networks that issue their own credit cards. All cards on the Visa and Mastercard networks are issued by separate banks and credit unions.
Other Types of Credit Cards
Aside from the four types of credit cards split up by network, there are a lot of other categories that could be considered “types” of credit cards. For example, there are secured cards that require a deposit and unsecured cards that don’t. Similarly, some cards offer rewards, some are partnered with specific merchants, some have special financing deals, and some are only available to students or businesses.
The top 5 credit cards offer good initial bonuses, valuable rewards, intro APRs on purchases and balance transfers, as well as $0 fees. As a result, the top credit cards can help you save hundreds of dollars per year.
Keep in mind that there are many worthy candidates for the top 5 credit cards, each of which excels in different areas. You can check out our editors’ latest picks for the … read full answerbest credit cards on the market to see which one suits your needs better.
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.… read full answer
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