The Verdict: The Deserve® Classic Mastercard is a starter credit card designed for people with limited or no credit history. Deserve Classic will help you build credit if you pay your bill on time every month, but it doesn’t bring much else to the table, save for the opportunity to earn refer-a-friend bonuses. You get $30 for every person you refer who is approved for an account. And if 10 referrals are approved, you get an extra $200, for $500 total. That’s it, though.
You won’t earn points, miles or cash back with each purchase you make. Instead, you’ll be the one doing the paying. If you don’t pay your bill in full every month, you’ll have to pay interest at a pretty high rate: 24.99% (V).
The Verdict: The Deserve® Pro Mastercard has a work hard, play hard vibe, catering to people with good credit or better who like to travel, dine out and generally have a good time. You get 3% cash back on travel and entertainment, plus 2% cash back at restaurants. That’s a pretty good deal, but it only applies to the first $500 you spend in those bonus categories each month. All other purchases yield just 1% back. So you might want to consider using Deserve Pro solely for bonus-category spending. There’s no annual fee, which means you don’t have to spend a certain amount for it to pay off. And 1% back is just average for a cash rewards card.
The Deserve Pro Credit Card certainly isn’t perfect. It doesn’t offer either an initial rewards bonus or a 0% introductory APR on new purchases. Its regular APR is likely to be well above average. And it doesn’t even allow balance transfers or cash advances. But that just means it’s not for everyone.
The Verdict: The Deserve® Edu Mastercard for Students is a solid choice for anyone who’s currently enrolled in a U.S. college or university, particularly international students and fans of Amazon.com. Deserve Edu doesn’t charge an annual fee, as is the norm with student credit cards, and it offers rewards: 1% cash back on all purchases. That’s roughly average among all rewards credit cards, not just those for students. Deserve also gives you a year’s membership in Amazon Prime Student, which offers savings on everything from textbooks and electronics to music and movies. And while many student credit cards require you to have a Social Security number (SSN), Deserve Edu is available to students who were born abroad. International students simply need a passport, U.S. bank account and Student Visa.
Whether you’re a U.S. citizen, permanent resident or international student, you don’t need any prior credit experience to get the Deserve Student Credit Card. Just be prepared to pay your balance in full every month. There’s no 0% introductory APR. The regular rate is above average for a student credit card, according to WalletHub’s latest Credit Card Landscape Report. And balance transfers aren’t even allowed.
Potentially High Regular APR Makes It Costly To Carry A Balance
The Verdict: Barclaycard Arrival® Plus World Elite Mastercard® (Barclays is a WalletHub partner) is the best travel rewards credit card on the market, largely because cardholders accrue maximum earnings on all purchases and have the freedom to redeem miles for any travel-related expense. It’s everything a 21st Century traveler needs in a credit card: straightforward, unmatched earnings with a no-strings-attached redemption policy that actually adds flexibility. So you should make sure to check it out if you haven’t already started packing your bags.
Barclaycard Arrival® Plus World Elite Mastercard® offers more value per dollar than any other travel rewards card on the market (excluding co-branded offers, which lack flexibility yet may provide greater earning potential for certain brand-loyal consumers). Highly profitable, relatively unrestrictive travel rewards are thus the Arrival Plus Card’s bread and butter. And while it does ostensibly have some financing value, there are a few potentially costly qualifications to consider in this regard (explained in the next section).
When people think of Florida, they probably imagine a sunny paradise with palm trees and white sand along a wraparound coastline. But the Sunshine State attracts folks from across the globe for more than its natural beauty and balmy climate. As the fourth largest economy in the U.S., one of the largest job creators and the address of the world’s most famous theme park, Florida has also cultivated a reputation as one of the best states in which to raise kids.
Since December 2014, Florida has been the third most populous state in the U.S. But although Florida is growing and has a strong economy, there are some drawbacks. For example, parts of Florida are susceptible to hurricane damage. The most recent to make landfall in Florida, Hurricane Michael, caused an estimated $1.5 billion in damages.
Credit cards for no credit offer high approval odds to people with limited credit history, even if you’re a total newcomer with no borrowing experience. Plus, all major credit cards for people with no credit will make everyday spending safer and more convenient as well as help you build a good credit score (some cards are from WalletHub’s partners). And the best no-credit credit cards can help you save along the way, thanks to $0 annual fees and even some rewards. To help point you in the right direction, WalletHub’s editors compared all the cards for people with no credit in our database of 1,000+ offers. You can check out their favorites below.
Credit cards for bad credit help people with credit scores from 300 to 639 rebuild their credit. The best credit cards for bad credit have annual fees as low as $0, and some even give 1% cash back rewards on purchases. Plus, all major credit cards for people with poor credit report account information to the credit bureaus each month (some offers are sponsored). That’s why using the right credit card responsibly is the best way to rebuild damaged credit.
A 0% APR credit card means that you pay no interest on purchases for a certain number of months after opening an account. The average 0% credit card has a 0% APR for 11 months, a $0 annual fee and an 18.74% regular APR. After a 0% credit card’s interest-free period ends, the card’s regular APR applies to the remaining balance, if any (some cards are from WalletHub partners).
Credit cards for fair credit are best for people with credit scores from 640 to 699 who are either building credit from scratch or rebuilding their credit after mistakes. You need at least 3 years of experience using a credit card responsibly to get most fair-credit credit cards. And all major credit cards for people with fair credit report account information to the credit bureaus monthly (some cards are from WalletHub partners). That allows you to improve your credit score, as long as you pay the bills on time.
Gas credit cards can help you save a lot of money at the pump, whether you’re fueling your daily commute, a long road trip or anything in between. There are several types of gas cards to choose from, too (some offers are from WalletHub partners). Some are affiliated with a particular gas-station chain and only give you bonus gas rewards when you fill up there. Others reward you the same at all stations. Unless you already get gas from a single chain, or can easily begin doing so, we recommend a gas card that rewards you everywhere. If you have to drive out of your way to find a particular station, or if that station charges more than its neighbors, any extra rewards you might earn with a station-specific gas card won’t net you very much. So when considering the gas credit cards listed below, pay close attention to how each card fits your spending habits and lifestyle.
Low interest Visa credit cards can help you save on finance charges. But that’s about all they have in common (some cards are from WalletHub partners). Many offer 0% introductory rates on purchases, balance transfers or both. Others have low regular APRs. Most require good or excellent credit for approval. But options do exist for people with fair, limited and even bad credit. After all, “low interest” is a relative term. In other words, some cards have rates that are low relative to the average credit card offer, while other rates are low compared to the alternatives you can actually qualify for. Finally, the low interest Visa credit cards listed below are issued by a variety of different credit card companies.
Credit cards for good credit are best for people with credit scores of 700 to 850. Many offer elite rewards, such as an initial bonus of $500+. Others can help you avoid interest for well over 12 months, thanks to extended 0% APRs. And most have $0 annual fees (some offers are from WalletHub partners). So it should come as no surprise that the top credit cards for people with good credit scores also tend to be among the best credit cards on the market.
There are very few business credit cards for bad credit. But there are personal credit cards for poor credit that small business owners can use (some cards are from WalletHub partners). Using a personal credit card for business does not increase a business owner’s personal liability. Business credit cards hold users personally liable for unpaid balances, too. So the best credit cards for small business owners with bad credit are pretty much the same as the best cards for anyone with bad credit: secured credit cards.
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. When it comes to choosing between rewards credit 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. If you’d like a specific recommendation, you can check out WalletHub’s favorite rewards cards below.
A starter credit card is a great way to establish and improve your credit standing. And you should definitely consider getting one if you've: 1) never had a U.S. loan or credit card under your name, 2) have had one for less than 3 years, or 3) misused credit in the past. Starter credit cards are designed specifically for individuals with bad or no credit (including students and immigrants). So they’re fairly easy to get. But they probably won’t offer eye-catching rewards or very low interest rates. Your objective in picking between these beginner credit cards (some of which are from WalletHub partners) should be to pay as little as possible. As long as you remember to pay your bill on time and in full every month, you will be able to build credit inexpensively. And within a few years, you may be able to qualify for one of the market’s best overall credit cards. If you’d like a recommendation, you can check out WalletHub’s top picks for the best starter credit cards below.
It’s important for recent high school and college graduates to begin building credit as soon as possible. And of all the financial products that help us build credit, credit cards are the most efficient because they allow users to add positive information to their major credit reports on a monthly basis, often at little to no cost.
But not all credit cards for graduates are created equal. The offers you’ll come across (some of which may be from WalletHub partners) will have drastically different approval requirements, fees, rewards and interest rates. So you need to know what you’re looking for. And that starts with figuring out which group of grads you fit into.
Credit cards with no foreign transaction fee are available to people of all credit levels. And more are added to the mix each year (some cards are from WalletHub partners). So there’s no reason to ever pay extra when traveling abroad or buying something from an internationally based merchant. Sure, most credit cards charge foreign fees, with the average being just under 2% of any purchase processed outside the U.S. But just check out the selection of fee-free offers below. Getting the best no foreign transaction fee credit card for your needs will also help you take full advantage of card networks’ low currency-conversion rates. In fact, you’ll be able to save up to 11% compared to the most popular methods of exchanging physical money. And that’s on top of the travel rewards you‘ll earn if you choose wisely.
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.
Balance transfer credit cards reduce the cost of existing credit card debt by allowing consumers to transfer part of their balance to a new card with a lower interest rate. The average balance transfer credit card has a 0% APR for 12 months, with a 3% balance transfer fee and a $0 annual fee. The purpose of a balance transfer is to save money while getting out of debt sooner. And there plenty of balance transfer credit card deals up to the challenge (some cards are from WalletHub partners).
Americans are obsessed with deals. Why else would we camp outside our favorite stores after a big holiday feast or force ourselves awake in the early morning to browse the virtual shopping aisles? Truth is, many of us find pleasure in buying merchandise at the deepest discounts and knowing we beat our fellow sale-addicted shoppers to the punch.
But while Black Friday is traditionally associated with the best prices, we should pause from our spending and ask: How good of a deal am I really getting? According to WalletHub’s holiday shopping survey, 51 percent of consumers said they don’t think Black Friday offers the most unbeatable bargains of the year.