Best Credit Card-
There are a lot of different credit cards, with a variety of different benefits. Of course there is no one size fits all, as everyone has unique needs for their credit cards. Not only for personal use but also for business use.
Most credit cards all have some of the basic benefits. Such as security and fraud protection, the ability to pay online, or the benefit of adding an authorized user. But, there are also benefits that only come with certain cards. These differences are what helps the consumer choose the best credit card for them.
The Most Popular Card Benefit
One of the most popular benefits of credit cards are the cash-back rewards. Either in the form of a check, direct deposit, or cash back in the form of gift cards. The minimum is usually 1 percent, with some going as high as 5 percent. Depending on the category where the card is used, the reward percent can vary, for example gas stations or restaurants. Cash Back Credit Cards
Airline Credit Cards
Airline cards can offer great rewards as well. Not only can you get miles towards airfare, including free airfares. But also, sometimes having a branded card can help the ease of travel. Giving incentives for using the airline branded credit card. For example, allowing a free checked bag, access to lounges in the airport, or even priority seating.
As airline cards usually carry a fee, this is best for someone who flies and spends a lot of money on their card. Though it can be a good asset to have.
For the international traveler, getting a card that does not charge a currency conversion fee is key. Some cards charge 3 percent fees just to use a card overseas, so if you spent $1,000 on a trip, $30 in fees would be added just to use it. Many companies offer cards without currency conversion fees, this can be a big money saver.
Business Credit Cards
Would you like to earn cash back on business related purchases? Then these cards are designed for you. Get cash back on business-related purchases like office supplies and computers. A small business credit card or corporate credit card can help you keep your company’s expenses on track and obtain the buying power you need to operate your business. Some business credit cards also reward you for all your business purchases in the form of cash back or airline miles.
Temporary Use or PrePaid Cards
The ability to create a temporary credit card is something that heavy online shoppers may want to look into. It can help alleviate fears and the likelihood that your credit card information will be stolen. Most card companies offer some sort of one time use cards. Prepaid Credit & Debit Cards
Gas Credit Cards
Gas credit cards can be a huge benefit to someone who drives a lot. Many cards will give 5 percent cash back. The card usually is only for use at the companies gas stations. This is great to give to teenagers, to give them security. But avoiding any problems with them misusing the card. They can also be used for emergency repairs to a vehicle, if the gas station has a service station attached to it.
Student Credit Cards
These cards generally have low credit limits but offer the ability for students to build a credit rating and learn to handle credit responsibly while having a relatively low risk of building up substantial debt. They are also great for an emergency situations such as a blown tire or new battery. New Federal laws impose restrictions on issuing credit cards to individuals under 21 unless the applicant has the independent ability to repay debt, or has an adult co-signer who agrees to accept joint liability for the account.
No matter what your reason is for wanting a credit card, there are many benefits to choose from. Most cards will not have all the benefits that you desire. It is best to have multiple cards to allow the user to fully take advantage of the benefits of each card. For instance, using your gasoline rewards card at the gas station might get you double points.
Some major companies like Sam’s Club only accept Master Card and Discover, so if you only have a Visa card you are out of luck, while others might only accept Mastercard and Visa. Also in some foreign countries Visa is widely accepted while Master Card is not and in other countries it is the exact opposite. So having several to choose from will help avoid being stuck without the right card. Of course, no matter how many cards you have it is best to not run a credit balance and pay your entire bill every month.
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