The Verdict: The Bank of America® Travel Rewards credit card is a very good option for people with excellent credit who want to reduce the cost of travel without paying an annual fee. But it’s only a truly great choice for fairly low-spending Bank of America banking customers with a lot of cash saved (Bank of America is a WalletHub partner).
The party starts with a 25,000-point initial rewards bonus, worth $250 in travel, when you spend $1,000 or more within 90 days of opening your account. That’s well above average for a card offering a points-based bonus. Still, if you’re someone who spends $1,000 per month, rather than every three months, you can get at least twice as much dollar value from competing offers.
0% APR on purchases and balance transfers for 12 billing cycles
No annual fee
Potential for a very high regular APR
3% foreign-transaction fee
The Verdict: The Bank of America® Cash Rewards credit card is an attractive everyday spending vehicle for people with excellent credit (Bank of America is a WalletHub partner). Things begin on a positive note, with no annual fee to worry about and the ability to earn a $200 initial bonus for spending just $500 in the first 90 days after account opening. Plus, you’ll have access to 0% financing on new purchases and balance transfers for the first 12 billing cycles.
The Bank of America® Cash Rewards credit card even supplements its base 1% cash-back earning rate with 2% back on groceries and wholesale clubs and 3% back on gas. But there’s a catch. Those bonus earning rates apply to only the first $2,500 in combined grocery, wholesale clubs and gas purchases each quarter. So if you spend more than $833 a month on such everyday necessities, you will wind up hitting that limit and earning only 1% back — slightly less than the market average of 1.06% — on all your purchases for the rest of the quarter.
Experts might not agree on the “best” or the “right” recipe for rapid economic growth, but some cities know the key ingredients for long-term prosperity better than others. Patterns emerge within those cities, allowing us to identify what factors contribute to a lasting cycle of growth. The South currently seems to be an attractive place to move, as the U.S. Census Bureau reports eight of the 15 cities with the largest population gains in 2017 were located in this region.
Some cities thrive even through hard economic times while others struggle. To determine where the fastest local economic growth has occurred in the U.S., WalletHub compared 515 cities of varying population sizes based on 15 key measures of both growth and decline over a period of seven years. Our data set ranges from population growth to unemployment rate decrease to growth in regional GDP per capita. Read on for our findings, expert insight from a panel of researchers and a full description of our methodology.
Financial literacy is key to sound financial health. But financial savvy is what differentiates the comfortable from the truly stable. Unfortunately, a staggering lack of money smarts plagues Americans, according to a study on financial literacy conducted by the National Foundation for Credit Counseling. About 45 percent of U.S. adults, for instance, grade their knowledge of personal finance a “C” or worse. Meanwhile, three out of five admit to not keeping a budget, a life skill that every adult should master even as early as high school.
As this report reflects, however, residents of certain states are sharper than their peers when it comes to maintaining their household balance sheets. To determine where American consumers set the best example, WalletHub compared the 50 states and the District of Columbia across 24 key metrics that represent financial savvy — or lack thereof. Our data set ranges from median credit score to annual savings-account average to credit-card debt as a share of income. Read on for our findings, expert insight from a panel of researchers and a full description of our methodology.
Coffee first became popular in the U.S. after the Boston Tea Party, when the switch was seen as “patriotic,” according to PBS. And since Starbucks debuted in 1971, the drink is now accessible almost anywhere you go. In a recent Reuters poll, sixty-four percent of Americans age 18 or older said they drank coffee the previous day.
What gave way to java culture? Science, for one, has convinced us that caffeine possesses multiple health benefits besides mental stimulation. At the right dosages, caffeine may contribute to longevity. Perhaps just as important, though, is coffee’s social purpose. Today, coffee stations are a staple of the workplace, and tens of thousands of shops serve as meeting places for friends, dates and coworkers. The creation of these drinks has grown increasingly professional, too. Being a barista has become less a part-time job than a career field. Latte art has even inspired a national competition.
Teaching can be a profoundly rewarding career, considering the critical role educators play in shaping young minds. But many teachers find themselves overworked and underpaid. Education jobs are among the lowest-paying occupations requiring a bachelor’s degree, and teacher salaries consistently fail to keep up with inflation. Meanwhile, the Every Student Succeeds Act demands growth in student performance.
This combination of job pressures, low pay and lack of mobility forces many teachers to quit soon after they start. According to the National Center for Education Statistics, about a fifth of all public-school teachers leave their positions before the end of their first year. Nearly half last fewer than five. Many teachers, especially novices, transfer to other schools or abandon the profession altogether “as the result of feeling overwhelmed, ineffective, and unsupported,” according to ASCD, a nonprofit focused on improving the education community.
California once drew legions of fortune seekers to its short-lived Gold Rush. Although few newcomers are likely to strike gold in the literal sense today, the Golden State continues to charm big dreamers — and not just aspiring actors and tech developers, either. California’s many other riches are a magnet for families in search of opportunity.
There’s no shortage of economic activity in the state, for one. California’s GDP of over $2.7 trillion in 2017 exceeded those of all but four countries. That’s due in part to its way of setting kids up for success, by establishing some of the best universities in the world. And once employed, workers benefit from a comprehensive paid family-leave program. California was the first state to offer that incentive to American families and remains one of only a handful of states to implement such a policy.
The American narrative is a story of diversity. Our history tells of many different peoples coming together from every walk of life to form what is today a complex tapestry of backgrounds.
And our story will continue to advance that narrative in the decades to come. The U.S. Census Bureau predicts that by 2044 the U.S. will no longer have a single ethnic majority, currently non-Hispanic whites, and will grow increasingly more diverse in the years to follow.
Everyone likes to have fun. But we all prefer our personal brand of a good time. Some people like trying new restaurants, traveling, going to bars and clubs or playing outdoor sports. Others enjoy riding roller coasters, going to the movies, or playing video games. But having fun can be expensive – the Bureau of Labor Statistics reports that the average American spends nearly $3,000 on entertainment per year.
With such different preferences, what, then, makes a fun city? At WalletHub, we define such a place as one that packs a little bit of everything for everyone — except maybe people seeking the most extreme of thrills. In a city with enough variety, you won’t have to compromise with your friends, your family or even yourself about the next fun activity to do alone or together.
Charge cards are a type of payment card that require repayment in full each billing period and do not allow cardholders to carry a balance from month to month. Most charge cards require excellent credit for approval and have good rewards but also charge annual fees. If you’re comfortable with that, opening one of the following charge cards (some of which are issued by WalletHub partners)could be a great way to enjoy the convenience and rewards of credit card use without the risk of racking uptoo much debt. Just make sure to consider each card’s rewards in terms of your own spending habits to ensure you get the best deal.
There are three types of travel credit cards commonly available: those offering points redeemable only with particular hotel chains, those with miles tied to particular airlines, and those offering generic points or miles that can be redeemed for most types of travel expenses. With that being said, one of the biggest mistakes that consumers make is becoming too hung up on colorful marketing copy, even if that means applying for a card tied to a hotel or airline with which it would be very difficult to ultimately redeem. Instead, we recommend applying for a travel rewards card that complements your current spending habits, enabling you to maximize your earnings and redeem on a regular basis. Compare the following rewards card offers (which include products from WalletHub sponsors) or check out our editor’s picks for the Best Travel Rewards Credit Cards on the market.
Balance transfer credit cards are a type of card that allow consumers to transfer debt from another credit card or loan. Transferring a balance is a way to get a lower APR. A 0% balance transfer credit card charges no interest on the amount transferred to the new card for 6 to 18 months. The point of doing a balance transfer is to reduce the cost of what you owe and get out of debt sooner (some cards are from WalletHub partners). So you could avoid paying any more interest before reaching debt freedom if you play your cards right.
The best credit cards for restaurants all reward you for dining out, at establishments ranging from five-star restaurants to fast food joints. Many also have no annual fees (some offers are from WalletHub partners). But much like restaurants and dining experiences can vary a great deal, there are different kinds of credit cards for dining, too. Some cards are affiliated with specific restaurant chains. Other cards are better for all-purpose dining, offering extra rewards on groceries as well as at all restaurants. And still, others are geared toward frequent travelers who like to eat out when they’re out of town.
To help you pick the best credit card for your dining needs, WalletHub compared 1,000+ offers based on their rewards, fees and credit standing requirements. You can find an overview of their selections below, followed by additional info about each card.
The best travel credit cards help you earn free flights, hotel stays and more with every purchase you make. They actually tend to be the most rewarding credit cards overall (some offers are from WalletHub partners). Between initial bonuses worth $500+ and rich ongoing rewards, the best travel rewards credit cards can easily save the average person more than $1,000 over the first two years of use.
The best credit cards for travel also provide a range of helpful perks. They include insurance for damage to rental cars, lost luggage and delayed flights. And while you need good or excellent credit to get the very best offers, people with lower scores can still cash in if they know where to look.
Rewards credit cards provide a wide range of perks (some cards are from WalletHub partners). This includes cash back, points or miles on every purchase, plus extra benefits such as airport lounge access and travel insurance. That’s why the right rewards card can help you save hundreds of dollars per year. You just may want to pay your monthly bill in full because credit cards with rewards aren’t known for low interest rates. So even the best rewards cards won’t save you as much as a good 0% intro APR credit card on big-ticket purchases that will take months to pay off. When it comes to choosing between rewards cards, we typically recommend cash back credit cards for everyday spending. But frequent flyers and hotel-goers can score some big-time rewards by using one of the best travel credit cards.
The best credit cards for students can help you build credit and save big time. They offer generous rewards, 0% intro rates and low fees. And they aren’t too hard to get. You can have absolutely no credit history and still be approved for the very best credit card for students. You just need an active college or university email address and enough income or assets for the monthly minimum payments (usually around $15 for students).
Finding the best credit card for students is the easy part, seeing as WalletHub’s editors have done the work for you. We compared hundreds of credit cards for college students (some of which come from WalletHub’s partners), based on their rates, fees, rewards and other perks. And a number of offers stood out above the rest.
Gas prices rise and fall. But the best gas credit cards can always help you save around 5% at the pump. That’s worth over $130 per year for the average person. And folks who face long daily commutes or enjoy the occasional road trip could benefit even more.
To help you find the best gas credit card for your needs, WalletHub compared more than 1,000 credit card offers based on their fees and earning rates on fuel purchases. And we identified the top options for different types of drivers, which you can learn about below. They include the best gas rewards cards for specific chains as well as the best credit cards for gas rewards at any station. Take note that while some of the cards are issued by WalletHub advertising partners, advertising status played no role in card selection.
The best rewards credit card for your needs can be hard to find. Hundreds of rewards cards are available, for one thing (some offers are from WalletHub partners). They also have different types of rewards, plus unique rules regarding how much you’ll earn, when you’ll earn it and what those earnings will ultimately be worth. Don’t worry, though. WalletHub has done the work for you. Each week, our editors compare 1,000+ credit card offers based on their rewards, fees and credit-score requirements. This enables us to identify the best credit card rewards for the biggest consumer needs as the available offers change.
The best reward credit cards are eye-catching for different reasons, from huge initial bonuses to excellent ongoing earning rates and other assorted amenities. But they all have at least one thing in common. Each offers significantly more value than the average rewards card, which gives you just over 1% back on all purchases. WalletHub’s best rewards credit cards do not, however, all require excellent credit for approval. Yes, you need good or excellent credit to get the best overall rewards cards. But we also picked the top credit cards with rewards for each credit category. Advertising status played no role in the selections.
The best credit cards have stand-out terms in at least one major category, such as rewards, rates or fees. But no credit card is perfect for everyone, so it’s best to focus on the features that will affect you the most. For example, the best rewards cards are unlikely to have the best interest rates because they’re meant for people who pay their monthly bills in full. And even the best credit cards for bad credit usually don’t offer too many perks.
That’s why deciding how you’re going to use your new card is one of the most important steps in finding the best credit card offer for your needs, along with score. To make things easy for you, WalletHub compared 1,000+ offers in search of the best credit cards in the most popular categories.