best credit cards 2017

Ultimate Guide to The Best Credit Cards of 2018

The average American adult has 5.1 credit and store cards, according to a recent study by Experian. As a result, it makes sense to ensure that the cards you choose to have in your wallet are the best out there — at least for your needs.

That’s because there’s no one best credit card out there for everyone. The best ones are based on your personal preferences, spending habits, and credit score (after all, a credit card can’t be the best for you if you don’t qualify for it).

To help you determine which card is best for you, we’ve broken down hundreds of options into eight categories. And for each, we’ve chosen the top two cards that will give you the best bang for your buck.

So, without further ado, here are the best credit cards of 2018:

Best credit cards for bad credit
Best credit cards for fair or average credit
Best credit cards for cash back
Best credit cards for travel rewards
Best credit cards for students
Best credit cards with a low APR
Best credit cards for balance transfers
Best credit cards for small businesses

Best credit cards for bad credit

The winner: Discover it Secured Credit Card

 

Coming onto the scene in 2016, the Discover it Secured is almost unbeatable for someone who is either just starting out or rebuilding their credit.

You’ll earn 2% cash back at restaurants and gas stations on up to $1,000 in combined purchases each quarter, plus 1% cash back on everything else. What’s more, Discover will double all the cash back you earn during your first year. So, you’re essentially getting at least 2% cash back on most of your purchases.

The drawback, of course, is the card’s security deposit, which is equal to your desired credit limit. But the good news is that Discover will start checking your account after eight months to determine if it can refund your deposit early, essentially turning the account into an unsecured credit card.

The runner-up: OpenSky Visa Secured Visa Credit Card

There’s no guarantee that you’ll qualify for a secured credit card, especially if you have some really nasty things on your credit report. A bankruptcy, foreclosure, or unpaid tax lien can be a deal breaker for some credit card issuers.

If you’re in this position, check out the OpenSky Visa Secured Credit Card. The card doesn’t require a credit check at all, so you don’t have to worry about negative items hurting your chances of getting approved. The card also doesn’t require that you have a bank account, which is a must-have with most credit cards.

The only drawback to the card is that it has a $35 annual fee. But that could be worth it for the card’s benefits.

Best credit cards for fair or average credit

The winner: QuicksilverOne from Capital One

It can be tough to get a good credit card if you have fair or average credit; your selection is even smaller than if you have bad credit. The good news is that the QuicksilverOne from Capital One is a card worth having.

You’ll earn 1.5% cash back on every purchase you make. No pesky bonus categories to remember, and no limits. You can also redeem those rewards anytime — there’s no minimum redemption amount like with most cash-back credit cards.

Finally, if you plan to spend some time overseas, the card charges no foreign transaction fees. With most cards, you can expect a 3% fee on every international purchase.

All of this comes at a price, though. The card charges a $39 annual fee.

The runner-up: Deserve Pro Mastercard

If you’d rather get a card that gives you bonus rewards options, the Deserve Pro Mastercard might be the card for you. It offers 3% cash back on travel and entertainment, 2% cash back at restaurants, and 1% cash back on everything else.

What’s more, you don’t have to be a U.S. citizen to get the card; it’s also available for L1 and H1B visa holders.

The card has no annual fee and no foreign transaction fees.

Best credit cards for cash back

The winner: Citi Double Cash

One of Apple’s first computer ad proclaimed, “Simplicity is the ultimate sophistication.” That could be said of the Citi Double Cash. The card offers 1% cash back on every purchase you make, and another 1% cash back when you pay them off. No tricks or hassles about it.

You’ll also get a balance transfer offer if you need it, but the card does charge a balance transfer fee. That said, the card doesn’t have an annual fee, and it doesn’t offer a sign-up bonus. Again, simple but powerful.

The runner-up: American Express Blue Cash Preferred

If you’re able to stomach an annual fee, the American Express Blue Cash Preferred Card can make it worth your while. The card offers an impressive 6% cash back at U.S. supermarkets (up to $6,000 spent per year, and 1% after that), 3% at U.S. gas stations and participating department stores, and 1% on everything else.

The card also comes with a sign-up bonus of $200 after you spend $1,000 in the first three months, and you’ll get a 0% APR promotion for 12 months on both purchases and balance transfers. The card does, however, have a $95 annual fee.

Best credit cards for travel rewards

The winner: Venture from Capital One

With the Venture from Capital One, you can use your miles to cover just about any travel purchase. The card also has a huge sign-up bonus: 50,000 miles after you spend $3,000 in the first three months — worth $500 in free travel — and you’ll earn 2 miles per dollar spent on everything.

The card has no foreign transaction fees, but does charge a $95 annual fee after the first year.

The runner-up: Chase Sapphire Preferred

If you’re interested in travel hacking at all, the Venture from Capital One won’t provide you with many opportunities. The Chase Sapphire Preferred, on the other hand, should be a good fit. You’ll earn 50,000 points after you spend $4,000 in the first three months — that’s worth $625 in free travel if you book through Chase.

You’ll also earn 2 points per dollar spent on travel and dining, and 1 point per dollar spent elsewhere. You can use your points to book travel through Chase and get a

25% value boost, or you can transfer your points to one of Chase’s hotel and airline transfer partners for more flexibility.

The card has no foreign transaction fees, but charges a $95 annual fee after the first year.

Best credit cards for students

The winner: Discover it for Students

It’s hard to get great rewards with a student credit card, but the Discover it for Students offers just that. You’ll earn 5% cash back on everyday spending categories that rotate every three months. Historically, this has included things like groceries, gas, restaurants, and movie theaters.

You’ll get 1% cash back on everything else, and Discover will double all of the cash back you earn your first year (so think 10% and 2% instead of 5% and 1% as you’re starting out). You’ll also get extra cash back when you get good grades and a 0% APR promotion for six months on new purchases.

With no annual fee and no foreign transaction fees, you should be able to get by with little to no fees at all. The only problem is that Discover isn’t widely accepted overseas, so it might not be a good choice if you plan to study abroad.

The runner-up: Deserve Edu Mastercard for Students

Want a free year’s worth of Amazon Student? You’ll get it with the Deserve Edu Mastercard. The card also offers 1% cash back on all your purchases.

However, what really sets this card apart from other student credit cards is that it’s available to international students who don’t have a Social Security number. The card also has no annual or foreign transaction fees, and it’s widely accepted internationally.

Best credit cards with a low APR

The winner: Chase Freedom Unlimited

If you have a big purchase coming up and don’t have the cash for it, there’s no need to worry. The Chase Freedom Unlimited offers a 0% APR promotion for 15 months on both purchases and balance transfers. That’s more than a year to pay off your new purchase interest-free.

You’ll also earn rewards, starting with a $150 bonus after you spend $500 in the first three months, a $25 bonus when you add an authorized user and make a purchase in the same three-month period, and 1.5% cash back on all of your purchases. Lastly, the card has no annual fee.

The runner-up: American Express Blue Cash Everyday

If you want more chances to maximize your rewards, check out the American Express Blue Cash Everyday. You’ll get 3% cash back at U.S. supermarkets (up to $6,000 spent per year, and after that), 2% at U.S. gas stations and participating department stores, and 1% on everything else.

You’ll also get a $150 bonus when you spend $1,000 in the first three months and a 0% APR promotion on purchases and balance transfers for 15 months. All that comes with no annual fee.

Best credit cards for balance transfers

The winner: BankAmericard Credit Card

Doing a balance transfer can help you pay down high-interest debt, but it can still hurt to pay a balance transfer fee. The BankAmericard Credit Card waives that fee the first 60 days, plus offers a 0% APR promotion for 15 months on purchases and balance transfers.

This get-out-of-debt-free card is just that, though. It offers no rewards or any other special perks. It does, however, have no annual fee.

The runner-up: Citi Simplicity

If you need more than 15 months to pay off your debt, the Citi Simplicity offers 21 months of 0% APR on both purchases and balance transfers. However, it does charge a 3% balance transfer fee. Like the BankAmericard Credit Card, the Citi Simplicity charges no annual fee, but also doesn’t offer any other perks of note.

Best credit cards for small businesses

The winner: Chase Ink Business Preferred

If you want a lot of value for your business, the Ink Business Preferred offers it. To start, you’ll get 80,000 bonus points after you spend $5,000 in the first three months — that’s worth $1,000 in travel if you book it through Chase. You’ll also get 3X points on the first $150,000 spent in combined purchases each year on:

  • Travel
  • Shipping
  • Internet, cable, and phone services
  • Advertising purchases made with social media sites and search engines

You’ll get 1X points on all other purchases.

You can use your points to book through Chase to get the 25% value boost or transfer your points to one of Chase’s hotel and airline partners. The card has a $95 annual fee.

The runner-up: SimplyCash Plus Business 

If you want no annual fee, the SimplyCash Plus Business Card is a great choice. It offers:

  • 5% cash back at U.S. office supply stores and on wireless telephone services purchased directly from U.S. service providers, up to $50,000 spent per year
  • 3% cash back on a select category of your choice, up to $50,000 spent per year
  • 1% cash back on everything else

You’ll also get a 0% APR promotion for nine months and no annual fee.

The bottom line

There are a lot of great credit cards out there. To find the right one for you, check out these and other options using SuperMoney’s credit card search tool.

There, you can search credit cards based on different filters and requirements to help you narrow down your choices to the one that fits you best.

Are you wondering how many of the best credit cards of 2018 also made our list last year? Read our “best credit cards of 2017” below.

Best Credit Cards of 2017 (ARCHIVE)

The selection of credit cards available to American consumers is mind-boggling. In 2017, there were approximately two thousand credit card types in circulation: starting with Alaska Airlines Visa Platinum® Plus all the way to Zions Bank Visa Credit Card.

Needless to say, culling so many credit cards to a manageable list of the best credit cards of 2017 is a challenge. It’s not just the scope of credit cards available that makes it difficult. Which credit cards are best is largely dependent on your preferences, your credit and your spending habits. It’s a little like trying to collate a list of the best cars, watches, knives or shoes. It’s impossible, as well as pointless, unless you specify a type, a budget and how you plan to use them.

For this reason we have divided our list of the best credit cards of 2018 into nine categories:

Best Credit Card for Bad Credit
Best Credit Cards for Fair or Average Credit
Best Credit Cards for Good Credit
Best Credit Card for Travel Rewards
Best Credit Card for Students
Best Credit Card with a Low APR
Best Credit Card for Balance Transfers
Best Credit Card for Cashback
Best Credit Card for Businesses

Each category has a winner and a runner-up. Although this post will briefly describe why each card made the list, you can find more detailed reviews on the rates, fees and benefits of each card by reading its SuperMoney’s in-depth review.

Best Credit Card for Bad Credit

credit-one-platinum-visaCredit One Visa Platinum®
Credit One Visa Platinum® is our pick for the best credit card for people with bad credit because it offers automatic credit line increase reviews, updates all three credit bureaus and includes free monthly credit score tracking. In addition, it allows you to get pre-qualified for the card without affecting your credit score. Each one of those features has the potential to help people improve their credit rating, which is a priority for anyone with bad credit.

Your credit utilization rate, which is the result of dividing outstanding balance by credit limit, accounts for 30 percent of your FICO score. Credit One Visa Platinum® will automatically review your credit limit as soon as you’re eligible, as a reward for using your credit responsibly. Paying your bills on time accounts for 35 percent of your score, but it doesn’t mean squat if the credit card doesn’t report your exemplary payment history to the credit reporting agencies. Tracking your credit score not only provides a powerful incentive to continue spending responsibly, it could provide an early warning that you’ve been the victim of identity theft.

Credit One Visa Platinum® also emails or texts reminders when a payment is due and lets cardholders pick the payment due date that best fits your schedule. The interest rates for this card range from 17.9% to 23.9% APR, not bad for an offer to people with bad credit. The only catch is the annual fee, which could cost you anything from $35 to $99, depending on just how bad your credit its.

RUNNER UP:

capital-one--secured-mastercardCapital One Secured Mastercard
Capital One’s Secured Mastercard is a great option for people trying to rebuild their credit. It doesn’t have an annual fee, includes free access to your credit score, and has a credit line of up to $3,000. The only catch is it’s a secured credit card, which means you have to be willing to place a $49, $99 or $200 deposit depending on how bad your credit is. The other issue is the 24.9% APR. Needless to say, this is a credit card you don’t want to carry a balance with, but it’s a great tool to for improving your credit score.

Best Credit Cards for Fair or Average Credit

capital-one-quicksilverone-cash-rewards-credit-cardCapital One’s QuicksilverOne Cash Rewards Mastercard
Finding a decent rewards credit card for people with average or fair credit is not easy, but that’s exactly what Capital One’s QuicksilverOne Cash Rewards Mastercard is.

Cardholders earn 1.5% cashback on every purchase, every day, without having to worry about pesky rotating categories. The simplicity of this card doesn’t stop there. You can redeem points at any time, for any amount, they never expire and there’s no limit on how many you can earn.

Users also get a 0% APR introductory rate for balance transfers and purchases until January 2016, plus free access to their credit score. The regular interest rates range from 12.9% to 22.9%, depending on creditworthiness. The one caveat of this card is that it has a $39 annual fee that isn’t waived for the first year.

RUNNER UP:

barclaycard-rewards-mastercard--average-creditBarclaycard Rewards Mastercard
Having the Barclaycard Rewards Mastercard as a runner-up and not the all-out winner was a close call. It offers double cash back rewards on purchases for gas, groceries, and utilities; and 1 point on all other purchases. There are no quarterly sign-ups to worry about, there’s no limit to the cashback points you can earn, and they never expire. However, the minimum amount you can redeem is 1,000 cashback points, for $10.

The card also includes complimentary access to your FICO credit score and cardholders can qualify for a credit line increase after five consecutive on-time payments. All of this with no annual fee. The only issues we have with this card are its high interest rate: 24.99%, and its 3% foreign transaction fee.

Best Credit Cards for Good Credit

chase-freedomChase’s Freedom Credit Card
Once your credit score falls between 640 and 720, you gain access to a wide selection of credit cards. Our favorite is Chase’s Freedom because it is a well-rounded credit card that combines reasonable interest rates, a generous cashback program, and a decent signup bonus, but doesn’t have an annual fee. It also manages to pack a 0% APR introductory rate on balance transfers.

The interest rates range from 13.99 to 22.99% depending on creditworthiness. The cashback program gives 5% on up to $1,500 for dining and purchases at select department stores plus an additional category that changes every three months, and unlimited 1% cashback on all other purchases. If you spend $500 within the first three months, you receive a $100 cash bonus.

The only things to look out for with this card is its 3% fee on foreign transactions and balance transfers, and the 29.99% penalty rate that kicks in when you’re late on a payment or exceed your credit limit.

RUNNER UP:

BankAmericard Travel RewardsBankAmericard Travel Rewards
The BankAmericard Travel Rewards gives 1.5 points for every $1 you spend on purchases and allows you to redeem them for any travel expenses. No need to worry about blackout dates or which airline you use. Just buy your tickets and redeem your points for a statement credit. The card doesn’t have an annual fee or charge foreign transaction fees. Yet, its interest rates range from 14.99% to 22.99%, it has a 0% intro rate on balance transfers for the first 12 months, and a 10,000 sign up bonus if you spend $500 within the first three months.

The BankAmerciand Travel Rewards card is also part of Bank of America’s “Museum on Us” program, which gives you free weekend passes to 150 museums throughout the United States.

Best Credit Card for Travel Rewards

Barclaycard Arrival PlusBarclaycard arrival plus
Arguably the best travel card of 2015 is the Barclaycard Arrival Plus. Its main features are double points/miles on all purchases; a signup bonus of 40,000 miles (if you spend $3,000 within the first 90 days); an introductory APR of 0% for the first 12 months on balance transfers and monthly access to your FICO credit score.

Arrival cardholders also get 10 percent of the miles they spend back to redeem later. The miles never expire and there are no foreign transaction fees. The only catch of this card is you need excellent credit to qualify and there’s an $89 annual fee. However, the fee is waived the first year and it more than pays for itself in travel rewards.

RUNNER UP:

This category is so competitive we just had to include two cards in the runner-up section.
capital-one--venture-rewardsCapital One’s Venture Rewards
Like the Arrival Plus, Capital One’s Venture Rewards has a 40,000 miles signup bonus, if you spend $3,000 in the first three months. It also allows cardholders to earn double points on all purchases and redeem them easily with travel expense credits. However, it has a lower annual fee, $59, and the first year’s fee is waived. It doesn’t have an introductory APR for balance transfers, but it doesn’t charge a balance transfer fee either, which Barclaycard’s does.

chase-sapphire-preferred-cardChase’s Sapphire Preferred
Another close contender is Chase’s Sapphire Preferred. This card offers a 40,000 points signup bonus if you spend $4,000 on purchases within the first 3 months; plus an extra 5,000 bonus points if you add an authorized user. That is worth more than $550 toward airfare and hotels when you redeem through Chase’s Ultimate Rewards platform. Sapphire Preferred gives double points on travel and dining and one point per $1 spent on all other purchases.

Best Credit Card for Students

College students are in a funny spot when it comes to credit cards. They generally don’t have the credit history required to qualify for prime cards, but credit card companies are attracted to their future earning potential and are willing to sweeten the deal to get their business.

discover-it-for-studentsDiscover it for Students
Discover it for Students gives 5% and 2% cash back on select categories, such as dining and entertainment purchases, and 1% on all other purchases. There are no limits on how many points cardholders can earn and they can redeem their cash rewards at any time and for any amount. Discover it even has a special deal with Amazon.com which allows you to use cashback points at the website’s checkout. Interest rates vary from 12.99 to 21.99%, which is low for a card for people with fair to no credit.

There are no annual, over-limit or foreign transaction fees to worry about, and even the first late payment fee is automatically waived. Students even get a $20 cash bonus when they make their first purchase and free access to their FICO credit score every month.

RUNNER UP:

citi-thankyou65533-preferred-card-for-college-studentsCiti ThankYou Preferred for College Students
Citi ThankYou Preferred for College Students has a points reward program that gives 2 points for every dollar spent on dining and entertainment and 1 point on all other purchases. There is a 2,500 points signup bonus for cardholders that spend $500 within the first three months of opening an account. Points can be redeemed for gift cards, travel getaways, Amazon purchases, and merchandise from the ThankYou catalog. The Citi ThankYou Preferred for College Students has no annual fee but it does charge a 3% foreign transaction fee and a 5% cash advance fee.

Best Credit Card with a Low APR

BankAmericard Visa CardBankAmericard Visa Card
BankAmericard combines a low APR ranging from 10.99% to 20.99% with a 0% APR intro rate for the first 15 months on balance transfers and no annual fee. However, the BankAmericard Visa does have a 3% balance transfer fee, so cardholders should first check whether the credit inquiry and time invested in applying for the card is worth the savings they’ll receive.

Best Credit Card for Balance Transfers

chase-slateChase Slate
There are many cards that offer a 0% intro rate on balance transfers, but most charge a 3-5% fee to process the transaction and don’t include new purchases in the offer. Chase’s Slate credit card, on the other hand, has a 0% APR intro rate for the first 15 months on balance transfer and purchases and there is no balance transfer fee to worry about. The regular rate then climbs to 12.99 to 22.99% APR. There are no annual fees and cardholders receive their FICO credit score for free every month and additional insurance coverage on new purchases.

RUNNER UP:

discover-itDiscover it
Discover it has one of the longest 0% APR intro rates on balance transfers: 18 months. However, there is a 3% balance transfer fee to consider. The intro deal also includes 0% APR on new purchases for the first six months. Once the intro periods expire, the interest rates climb up to 10.99% to 22.99%.

There are no annual fees, over limit fees or foreign transaction fees, and the first late payment is waived. In addition, cardholders get access to their FICO score every month. The card also comes with a new Freeze It feature that allows users to freeze and unfreeze their accounts either online or over the phone if they happen to misplace their card.

Best Credit Card for Cashback

Blue Cash Preferred CardAmerican Express® Blue Cash Preferred Card
The Blue Cash Preferred Card from American Express® has a 6% cashback rate on supermarkets located in the US, 3% at gas stations and participating department stores and 1% on all other purchases. There’s no need to enroll or keep track of revolving categories. The Blue Cash also includes a $150 signup bonus, if you spend $1,000 within the first 3 months and an introductory 0% APR for the first 15 months on balance transfers.

There is a $75 annual fee, but the $150 signup bonus covers that for two years. In any case, the generous travel and purchase protection perks included with the card are worth it.

RUNNER UP:

U.S. Bank Cash+U.S. Bank Cash+
The U.S. Bank Cash+ credit card has a cashback rate of 5% on your first $2,000 in purchases for two categories of your choice, 2% cash back on a third category and 1% on all other purchases. Categories include gas, groceries, dining, and travel. There is no limit on the total cashback you can earn or a minimum redemption amount. U.S. Bank Cash+ also includes a 9-month 0% APR introductory rate. All with no annual fee and a $100 cashback signup bonus for cardholders that spend $500 in purchases during the first three months.

Best Credit Card for Businesses

Plus Business Credit CardChase’s Ink Plus Business Credit Card
The Ink Plus Business credit card has, hands down, the best rewards and signup bonus available for small and medium-sized businesses. The signup bonus is a spectacular 60,000 points, although you do have to spend $5,000 within the first three months to qualify. If you use those points to book travel through Chase’s Ultimate Rewards platform, it is the equivalent of $750 to spend on travel. The rewards program gives 5 points for every $1 cardholders spend on office supplies, telephone, internet and cable TV services; and double points for every $1 on the first $50,000 spent at gas stations and hotels. All other purchases receive 1 point for every $1 spent.

The card has no foreign transaction fees and offers free additional cards for employees. The only caveat is that it has a $95 annual fee, but even small businesses can justify that cost when you consider the rewards this card packs.

RUNNER UP:

American Express®' SimplyCash Business CardAmerican Express®’ SimplyCash Business Card
The SimplyCash Business Card is the best no-annual fee business card available in 2015. It has a $250 cashback signup bonus for customers who spend $5,000 within the first 6 months. The rewards program offers 5% cashback on every $1 spent at U.S. office supply stores and wireless telephone services; 3% on a category of your choice, such as travel or gas, and 1% on all other purchases. It also includes a 0% APR on purchases for the first 9 months. After that, interest rates range from 12.24% to $19.24%, depending on creditworthiness.

Conclusion

This selection includes some of the best credit cards you can get this year.  However, it only represents a small selection of the thousands of credit cards available to consumers. SuperMoney’s credit cards search tool can help you filter credit card offers by credit requirements, reward programs, fees, benefits, cost and more, so you can find the best credit card for your personal circumstances and goals.

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