Credit cards get a bad rap with many personal finance experts. This reputation is undeserved. Granted, credit cards can be dangerous sources of debt when misused. But the right credit card can help build your credit, earn rewards, and even save money.
Credit cards are a $96 billion industry that includes hundreds of cards. Choosing a card from such a large pool of options can be overwhelming. Which is why so many people leave money on the table by not comparing rates, terms, and benefits when shopping for a card. This is a mistake. Credit cards are big money makers and card issuers are willing to give away substantial rewards and perks to obtain and retain customers.
SuperMoney credit card comparison tool makes it easier to choose the card that is right for you without hurting your credit.
Every time you apply for a credit card, the card issuer will take a hard pull on your credit. This will ding your credit score. Repeat this several times and the effects on your credit score start to get serious. SuperMoney’s transparent comparison tables make it easier to see the eligibility criteria, fees, benefits, and rates without having to formally apply.
Personal credit cards include unsecured and secured cards that are used for personal purchases. The average consumer has five in her wallet. Although five may sound excessive, having a wide selection of cards can be a smart financial move as long as you pay off your balance every month before incurring interest. SuperMoney’s credit card comparison tools allow you to filter hundreds of cards by the features that matter the most to you.
Prepaid cards look and work much like regular credit cards and function much like regular credit cards. However, they are not credit cards at all. In many ways, prepaid credit cards are more like debit cards than regular unsecured or even secured credit cards. The most significant distinction is that the credit limit for a prepaid credit card is limited to the amount of cash that is loaded on the card. If you don’t want to (or can’t) get a bank account or apply for credit, prepaid cards can be an excellent tool.
SuperMoney’s comparison tools make it easy to compare the fees and benefits of prepaid cards.
Student credit cards are often the first step towards establishing your credit history. Getting your first student credit card can be tricky, as it often ends up being a catch 22 situation, having to establish your credit to be eligible for a credit card.
So although students don´t generally qualify for the most attractive credit card deals based on their income and credit score, credit card companies want their business because of their future potential as high-value clients. The result is a line of student credit cards with attractive terms, marketed exclusively to students.
Compare the rates, perks, and fees of the best credit cards for students.
Credit cards are an excellent financing tool for startups and small businesses. They offer a fast source of credit, generous reward rates, and large sign-up bonuses. Business credit cards can also help you build your company’s credit and solve cash flow problems.
However, there are hundreds of small business cards to choose from. Which credit card is best for your business?
SuperMoney’s business credit cards database allows you to filter credit cards by the features that matter the most to you.
Andrew is the managing editor for SuperMoney and a certified personal finance counselor. He loves to geek out on financial data and translate it into actionable insights everyone can understand. His work is often cited by major publications and institutions, such as Forbes, U.S. News, Fox Business, SFGate, Realtor, Deloitte, and Business Insider.