From paying for your morning coffee to buying office supplies or groceries for your family, you use credit cards every single day. Then you faithfully pay them off every month. But there’s a lot more you could be doing with your card, and a whole lot more it could be giving back to you.
Today, there are credit cards to give you rewards, money back, and breaks on interest payments — whatever appeals most to you. There are cards to suit practically every lifestyle, business, and shopping preference, whether you want to save money on travel, electronics, or something else entirely.
Discover the best card for your lifestyle, and start getting the rewards you deserve today!
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Low Interest Credit Cards
The interest rates you're paying on your credit bills can be real budget-killers. Switching to a low interest credit card could be a good choice for you if you have a lot of debt or if you tend to carry a higher balance on your card for business purposes.
With lower APRs (Annual Percentage Rates — the annual rate charged for borrowing) than average, low interest credit cards save you money every month on interest charges. These cards make it easier to pay down your credit debt quickly and help you avoid paying extra money.
Cash Back Credit Cards
Since you're using credit cards anyway, why not earn cash back on your spending? Cash back credit cards pay you a percentage of what you spend just for using the card from day-to-day.
Some cards only give you money back on certain purchases, such as gas and groceries or when you shop from a particular store or website, while other cards give you back a percentage on all your spending on the card. Cash back cards are a great way to put more money in your wallet.
Reward Credit Cards
Rewards cards are a great way to get perks on things you actually care about. In addition to cash back cards, you can use a rewards card to collect airline miles, get free meals at certain restaurants, or save money when you shop at your favourite stores. Lots of these reward cards also give you bonuses when you spend a certain amount of money in the first few months.
Airline Credit Cards
Got the travel bug? Then why not get a card to match? Whether you have to fly a lot for business or you just love to travel, airline cards offer advantages. Using these cards, you can earn frequent flier miles, bonus miles, hotel rewards, and other perks on your everyday purchases. Rewards earned on these cards can be redeemed for discounts on flights or free hotel stays, saving you money whenever you're away from home.
Small Business Credit Cards
If you own a business, then you could use a credit card that works as hard as you do! Small business credit cards can give you extra buying power and make it easier to track your expenses. These cards usually offer rewards on everyday purchases, allowing you to save money on things you'd have to buy anyway. Compare the best business credit cards to find the one that will be the perfect fit for your company's needs.
Finally, a way to benefit from having to pay for gas! Gas reward cards give you rebates, points, or cash back just for filling up your car. Earn rewards and rebates on fuel and other everyday purchases. Gas cards can keep more money in your wallet — because it's about time you got money back from the pump! These cards are perfect for commuters or for anyone who spends a lot of time behind the wheel.
0% APR Credit Cards
Here's a card that can save you serious money on finance charges! 0% APR cards have no interest charges during an introductory period, allowing you to lower your monthly debt obligation. These cards make sure you won't have to pay more on your existing debt, giving you the chance to pay off just what you owe.
Balance Transfer Credit Cards
Balance transfer credit cards allow you to consolidate all of your credit debt onto one low-rate card. This is a great option for anyone who has a lot of credit debt, because having a single bill makes it much easier to make payments on your entire debt and keep track of your progress in paying it off.
Having a single balance transfer card will help you organize your spending and will cost you less in the long run. Balance transfer cards can reduce the interest you pay on your total credit card debt, effectively lowering your monthly payments and saving you money on finance charges.
Student Credit Cards
Having a credit score is the most important factor in getting loans, mortgages, and car leases in America. Student credit cards offer a good way to build and establish credit early on in your financial life. Many of these credit cards have a lower spending limit to ensure you don't get into too much debt and come with rewards for daily spending. They're perfect for building your credit history safely while getting some great perks.
Prepaid & Debt Cards
Prepaid debit cards are a safe option if you want the convenience of credit but don't want to have any debt. Once you make a deposit into an account, you can use the card to shop in the same places credit cards are accepted. Spending is limited to the amount of money deposited on the card. Prepaid debit cards offer a way to purchase goods without a line of credit, a credit check, or any debt at all.
Secured Credit Cards
Like a prepaid card, a secured card is a credit card that you put a deposit on. This deposit is in the full spending amount on the secured card. In this case, when you spend on your secured credit card, it's not deducted from the deposit. Instead, the bank holds on to your deposit while you pay the credit card bill like you would on a normal card.
These cards are used to build credit if you have a low credit score or no credit score. Typically, the bank will have you use this secured card for a few months and if you have made all your payments in full and on time, they will refund your deposit and give you a new, regular credit card.
No Annual Fee Cards
If you're looking for a card that will get you perks but don't charge any interest yearly, then a no annual fee card might be perfect for you. No annual fee cards let you save money every year on credit card expenses while often earning rewards for everyday purchases. Who says you can't have the best of both worlds?
No Foreign Transaction Fee Cards
Another card that's perfect for frequent travelers, a no foreign transaction fee card can be used abroad without incurring extra charges. No foreign transaction fee credit cards eliminate fees on purchases you make while overseas so you can use your card without worrying about additional transaction costs. These cards are great for business travelers and vacationers who'd rather focus on their adventures than calculating transaction charges.
Having a credit card shouldn't feel like a burden — it's time to make your credit card work for you. Rewards cards are ideal for saving you money and getting perks on the things that matter to you. Find the perfect fit and start earning the rewards you deserve.
Did you know that there's also an ideal savings account for your lifestyle? Check out our savings account rate table to find the best high-yield savings account to grow your money fast!