One of the best credit cards for doctors is the NIH Federal Credit Union Visa Signature Cash Rewards. Anyone who’s a member of the healthcare industry can join the NIH credit union, and their cash back card will give you 3% cash back on gas, 2% on groceries and 1% on everything else. You can also use your rewards to donate to NIH charities if you wish. There’s no annual fee, either. NIH has a travel card, too, with 2 points per $1 on travel and dining, and 1 per $1 on everything else. But it’s not as good as the likes of Capital One Venture, which offers better travel rewards that anyone can get.
There aren’t many credit cards targeted specifically to doctors, but if you have your own practice, you should consider a good business credit card like Chase Ink Business Cash. And since doctors tend to earn a lot, you might benefit from a credit card that rewards high spending, like Chase Sapphire Reserve, which could help you earn a well-deserved vacation.
Here are the best credit cards for doctors:
NIH Federal Credit Union Visa Signature Cash Rewards: 3% cash back on gas, 2% on groceries and 1% on everything else. 0% intro APR on purchases for 12 months. 0% intro APR on balance transfers for 12 months with 2% fee. Option to donate rewards to NIH charities. No annual fee. 1% foreign transaction fee. Requires good credit.
Capital One Venture: 50,000 mile bonus, worth $500 in travel, for spending $3,000 in the first 3 months. 10 miles per $1 at hotels.com/venture and 2 everywhere else. $95 annual fee, waived the first year. Requires good credit.
Chase Ink Business Cash: $500 cash back for spending $3,000 in the first 3 months. 5% cash back on $25,000 spent per year at office supply stores and on phone, internet and cable. 2% cash back on $25,000 spent per year at gas stations and restaurants. 1% cash back everywhere else. No annual fee. Requires excellent credit.
Chase Sapphire Preferred: 50,000 bonus points for spending $4,000 in the first 3 months, worth $625 toward travel. 2 points per $1 on travel and dining, and 1 on everything else. It’s also the official credit card of the PGA of America, which means you can get special access to golf events. Requires excellent credit.
Citi Double Cash: 2% cash back on all purchases, 1% when you buy and 1% when you pay it off. 0% APR on balance transfers for 18 months with a 3% fee. No annual fee. Requires good credit.
BankAmericard Credit Card: 0% APR on balance transfers for 15 months, with no transfer fee for the first 60 days. Accepts transfers from student loans. 0% APR on purchases for 15 months. No rewards. No annual fee. Requires excellent credit.
Your profession doesn’t really have to define what credit card you use, since cards don’t tend to reward certain jobs more than others. But with high-income jobs like doctors, you can definitely qualify for all kinds of attractive offers in terms of cash back and travel.
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