With so many credit cards to choose from, it is easy to feel like you’re getting sucked into a plastic rabbit hole and all offers blur together. This post highlights 15 credit card offers that should be on your shortlist. You’re seeking the best credit card offers available, and you know what you want: generous rewards programs, low APRs, and low or no annual fees. If you have excellent or even good credit, chances are you’ll find one or more credit cards that deliver everything you are seeking. If your credit is fair or poor, your choices are more limited, but you still have options. Students and small business owners can also take advantage of great credit card offers. The credit cards listed below feature benefits that rank among the best of the best for consumers of all credit profiles.
In this article
- 1 Capital One Quicksilver Cash Rewards Credit Card
- 2 Capital One Spark Cash Select for Business Card
- 3 BankAmericard Cash Rewards Credit Card
- 4 Citi Simplicity Credit Card
- 5 Capital One Secured MasterCard
- 6 Citi ThankYou Preferred Card for College Students
- 7 First Progress Platinum Prestige MasterCard Secured Credit Card
- 8 Chase Freedom Card
- 9 Capital One QuicksilverOne Cash Rewards Credit Card
- 10 Citi Double Cash Card
- 11 Barclaycard Rewards MasterCard
- 12 Chase Slate Card
- 13 Simply Cash Business Card from American Express
- 14 Discover IT Chrome for Students with $20 Cash Back Bonus Card
- 15 Blue Cash Everyday Card from American Express
With the Capital One Quicksilver Cash Rewards credit card, you benefit from 0 percent APR on transactions and balance transfers until November 2015, no foreign transaction fees and no annual fee. The Capital One Quicksilver Cash Rewards Credit Card also offers a generous $100 bonus after spending just $500 within the first three months after opening your account. Cash back rewards are set at 1.5 percent on every purchase – no rotating categories. There is no limit to the amount of cash back you can earn and rewards never expire. You must have good or excellent credit to qualify.
The Capital One Spark Cash Select for Business card offers 1.5 percent cash back on every purchase, along with a one-time bonus of $100 after spending at least 3,000 within three months after opening an account. There is no limit on cash rewards and rewards never expire. The introductory APR on purchases is set at 0 percent until August 2015. There is also no foreign transaction fee, and unlike many business cards, the Capital One Spark Cash Select for Business card has no annual fee. The catch? You need excellent credit to qualify.
With the BankAmericard Cash Rewards Credit Card, your excellent credit entitles you to 0 percent APR on balance transfers made within 60 days of opening an account, plus all purchases for 12 billing cycles, plus a 100 cash bonus after spending $500 within 90 days of opening an account. The BankAmericard Cash Rewards Credit Card also features 3 percent cash back on the first $1,500 combined grocery and gas purchases every quarter, 2 percent on grocery purchases and 1 percent on everything else. There are no limits to the amount of cash back you can earn and rewards never expire. Bank of America customers receive a 10 percent bonus by depositing their cash back rewards into their accounts. And of course, there is no annual fee.
The Citi Simplicity credit card earns its name from its terms and conditions: 0 percent APR for 18 months after opening an account on purchases and balance transfers, no annual fee, no late fees and no penalty rate. The regular APR ranges from 12.99 percent to 22.99 percent, depending on your creditworthiness. But unless you have excellent credit, don’t get your hopes up for being approved for the Citi Simplicity credit card.
You’ve trashed your credit, either through unavoidable circumstances or plain irresponsible spending. While your bad credit disqualifies you for the types of generous rewards credit cards available to consumers with excellent, good or fair credit, you also don’t have to settle for prepaid cards with loads of fees that won’t help rebuild your credit. The Capital One Secured MasterCard and requires as little as a $200 deposit. The annual fee is a reasonable $29, and by maintaining a record of on-time payments, you can qualify for an increased credit line with no additional deposit.
The Citi ThankYou Preferred Card for College Students can reduce the bite on students budgets with 0 percent APR on purchase for seven months, plus no annual fee. There is also a bonus of 2,500 ThankYou points after spending $500 within three months of obtaining the card. Cardholders also earn 2 ThankYou points for every dollar spent on restaurant meals and entertainment and 1 ThankYou point for every dollar spent on everything else. Points can be redeemed for merchandise, travel, gift cards, and cash. There is no limit to how many ThankYou points can be earned, and points never expire. Good credit is needed to qualify for the Citi ThankYou Preferred Card for Students.
Do you have really, really bad credit? As long as you do not have a pending bankruptcy case, can verify your identity and pony up at least $300 for a security deposit, you can be approved for the First Progress Platinum Prestige MasterCard Secured Credit Card. There is no minimum credit score, and the card carries none of the processing or application fees that are all too common for credit cards for bad credit. The APR is 11.99 percent for purchases, and 18.99 percent for cash advances. So what’s the catch? There are actually two: the First Progress Platinum Prestige MasterCard Secured Credit card is not available for residents of New York State, Iowa, Arkansas or Wisconsin – and the card carries a hefty $44 annual fee. But given the absence of other charges, the lower APR, along with a nearly 100 percent guarantee of approval, $44 isn’t that high a price.
The Chase Freedom card offers a $100 bonus after spending $500 within three months of being approved. There is an additional 1.5 percent cash back bonus on up to $1,000 spent at grocery stores, movie theaters, and Starbucks coffee shops through March 31, 2015. If you add an authorized user, you can earn $25 cash back as a bonus. An additional bonus of 5 percent cash back is applied to purchases made for purchases on categories that rotate each quarter, and unlimited 1 percent cash back on all other purchases. An introductory 0 percent APR applies to purchases and balance transfers for 15 months. There is no annual fee for the Chase Freedom card, and you can qualify for it with good credit (640 to 740).
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If your credit profile has a few dents, you may have resigned yourself to the belief that you cannot qualify for a rewards credit card. But the Capital One QuicksilverOne Cash Rewards card is a welcome exception. It is targeted for consumers with fair credit, yet offers 1.5 percent cash back on every purchase, with no limits on the amount of cash back that can be earned and no expiration date on cash back rewards. The introductory APR of 0 percent on purchases and balance transfers applies until November 2015. After making your first five payments on time, you may qualify for a higher credit limit. The only drawback is the $39 annual fee, which is a relatively small price to pay, given the many benefits that are associated with the card.
With the Citi Double Cash card, you earn 1 percent cash back when you make purchases and an additional 1 percent cash back when you pay your bill. There are no limits to how much cash back you can earn, no rotating categories to keep track of and your cash back bonuses never expire. The introductory 0 percent APR applies to purchases and balance transfers for 15 months, and there is no annual fee. Excellent credit is required to qualify for the Cit Double Cash card.
The Barclaycard Rewards MasterCard represents another option for consumers with fair credit who are seeking rewards credit cards. The Barclaycard Rewards MasterCard features a generous points rewards system that assigns 2 points for every $1 spent on gas, groceries and utilities, and 1 point for every $1 spent on everything else. There are no limits to the number of points that can be earned and points can be used almost like cash to pay for purchases. There is also no annual fee. The drawback? A stiff 24.99 APR with no introductory APR on balance transfers or purchases, which could be viewed as a tradeoff for escaping an annual fee.
If you have good – but not excellent – credit and you have balances on one or more credit cards with high APRs, the Chase Slate Card deserves serious consideration. The Chase Slate card does not have a rewards program, but there is no annual fee and the introductory APR of 0 percent applies to purchases and balance transfers for a full 15 months. In addition, balance transfers made within 60 days of opening an account incur no balance transfer fees. The maximum amount that can be transferred to the Chase Slate card is $15,000 or your actual credit limit, whichever is lower.
With its automatic cash back rewards program, the Simply Cash Business card from American Express allows you to reinvest in your business. Rewards include 1 percent cash back on most purchases. But you also receive a huge 5 percent cash back for office supply store and wireless telephone transactions and 3 percent cash back on a single category of your choosing, for up to $25,000 of purchases each year. You may also qualify for a $250 statement credit after spending $5,000 on qualifying purchases within the first 6 months of opening an account – but only if your application is received by February 24, 2015. The introductory 0 percent APR applies to purchases for 9 months after opening an account and there is no annual fee. But only business owners and entrepreneurs with excellent credit need apply.
The Discover IT Chrome for Students with $20 cash back bonus card features a $20 bonus just for making a single purchase within 3 months of approval for the card. Earn up to 2 percent cash back automatically on up to $1,000 of purchases at gas stations and restaurants every quarter and 1 percent cash back on everything else. There is no limit to the amount of cash back you can earn and rewards never expire. There are no foreign transaction fees, no over-limit fees, the fee for your first late payment is waived, and there is no penalty APR. There are also no annual fees and students with average or fair credit have a good chance of being approved. What’s not to like?
Blue Cash Everyday Card from American Express
With the Blue Cash Everyday Card from American Express, you receive $50 bonus cash back after making $1,000 in purchases during the first three months. The card also features 3 percent cash back on up to $6,000 in grocery purchases each year, 2 percent cash back on every $1 spent on gas and department store purchases and 1 percent cash back on every $1 spent on other purchases. The introductory APR of 0 percent for on purchases and balance transfers applies for 15 months. The Blue Cash Everyday Card from American Express also carries no annual fee. But like traditional American Express cards, excellent credit is needed to qualify.
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SuperMoney’s credit card search engine is a useful tool to filter through the hundreds of credit cards available and find the one that best fits your priorities and preferences. Yes, it’s free.
Still haven’t found the one for you? Are you looking for a travel rewards credit card? Here are the 5 best travel reward credit cards of 2016