Are you struggling to navigate the complicated world of credit cards and which ones might be right for you? Well, you have come to the right place. Because everyone has different financial needs, there are a variety of credit card options to satisfy those needs.
Whether you are still attending school, like to travel or both, even those small characteristics can be enough to help you narrow down the right credit card for you. To learn more about the best credit card options available, click through the slides below.
1. How to Save Money With Different Types of Credit Cards
There are hundreds, if not thousands, of credit card options out there. Although they all serve similar functions, there are some that are better for some purposes than others. The most common example of this are credit cards that offer miles or travel rewards the more you spend.
These cards are often referred to as travel rewards cards and are especially helpful for those who fly a lot for business or even pleasure.
In addition to travel cards, there are also student credit cards that benefit those attending school by offering reduced fees and more benefits to help college students in a pinch.
Other great card options offer no fees or great rewards like 2 percent cash back on all your purchases. Depending on what you are looking for in a card you can even find a combination of offers that suits you best.
If you’re looking for a travel rewards card, but that card has very high annual fees in order to give you great mile options, you can opt for another card with lower mile rates but no fees. You can also look for cards that do not have penalty fees at all if you do not want to deal with pesky late fees or annual fees. The combinations are endless. You just need to know exactly what to look out for on your search.
2. Earn Cash After Every Purchase With Student Credit Cards
If you are a student, you may want to consider opening one of these credit cards while you are attending school. Student credit cards offer unique savings and reward opportunities for those enrolled in a college or university. Here are some of today’s top credit cards for students:
One of the best student credit cards currently available is: the Discover It Student Cash Back Card.This card offers zero interest for the first six months and has no annual fees. If all that wasn’t already a great start, the Discover it Student Cash Back Card also offers an unlimited cash back match for the first year you have this card. This means that whatever cash back you earn using your card for the first year will be doubled by Discover.
Imagine getting $100 cash back thanks to all your student expenses and then getting another $100 on top of it. You can also receive a small cash bonus of $20 every year that your GPA is above a 3.0 for a maximum of 5 years. You also get a $50 bonus when you refer a friend to the Discover it Student Cash Back Card and they get approved.
Although there is no specific Apple Card for students, students can still benefit from the features that come along with the card. Along with no annual fees or late payment fees, the Apply Card also provides 3 percent cash back on all Apple product purchases, Uber related transactions and purchases made at Walgreens. If you are a student who owns or is planning to own an Apple product, opening an Apple Card is a great way to get money back on your investment.
Wells Fargo Cash Back College Card
The Wells Fargo Cash Back College Card is let’s students earn 3 percent cash back on all gas, grocery and drugstore purchases. Students will also receive zero interest on purchases and balance transfers. The catch? The Wells Fargo credit card for students only offers these benefits for the first six months. After that, users will only receive 1 percent cash back on all purchases, which is still useful and can help students build credit.
Additionally, students can also open an American Express student account. This is not a credit card, but American Express has great savings account options that may benefit students, so they are worth checking out as well.
Similarly, students with a military background can take advantage of USAA cash back credit cards even though there are no specific USAA college student credit cards. These USAA cash back credit cards can offer benefits such as 2 percent cash back grocery purchases for the first year, low interest rates and more.
3. Learn How To Travel For FREE With Travel Rewards Cards
Moving on from the student life, we have travel rewards cards for all of you travel junkies out there. Below, you can learn more about some of today’s top travel rewards card that give you points for travelling. The first one we’ll talk about is the Bank of America Travel Rewards Card.
Right off the bat, if you sign up and are approved for the Bank of America Travel Rewards Credit Card you can earn up to 25,000 points if you spend $1,000 in the first 90 days of opening the card. That is roughly $250 you can redeem in rewards and put towards your next vacation. The Bank of America Travel Rewards card also has no annual fees and you can earn 1.5 points in cash back for every dollar you spend. A pretty sweet deal if you ask us.
More credit cards that offer great travel rewards are the Capital One VentureOne Rewards Card and the Capital One Venture Rewards Card.
They both essentially have the same benefits, except the Capital One VentureOne offers slightly reduced rewards rates compared to the original Venture travel card. What makes this reduced rate worth it? The VentureOne card has zero annual fees, while the original Venture card has a yearly fee of almost $100.
However, although the Venture Card may have an annual fee and the VentureOne Card does not, the Venture Card still has its benefits. The Venture Card is meant for those who travel constantly, while the VentureOne Card is for those who enjoy travel but do not travel as much.
For those less common travelers, the $100 yearly fee may not be worth it, because they do not have the opportunity—like avid travelers do— to reap all the benefits the Venture Card has to offer.
Two of the major differences between the Venture Card and the VentureOne Card are as follows:
- With the Venture card, users can receive 2 miles for every dollar spent every day with no limits, while the VentureOne card offers 1.25 miles for every dollar spent.
- With the Venture card you get a sign-up bonus of 60,000 miles if you spend $3,000 in the first 3 months, while you get 25,000 miles as a sign-up bonus if you spend $500 in the first 3 months with the VentureOne card.
Both are great travel options, so be sure to go over the pros and cons of both before making your final decision.
U.S. Bank FlexPerks Travel Rewards Visa Signature Card
The U.S. Bank FlexPerks Travel Rewards Visa Signature Card offers incredible travel rewards. US Bank Travel Rewards include 5 points for every dollar spent on prepaid hotels and car rentals as long as you book through the FlexPerks Reward Center. You can also receive two times the points on airline tickets and two times rewards on other eligible purchases. For all other purchases, you can still earn 1percent cash back.
Citi Double Cash Card
The Citi Double Cash Card is not a travel card, but it can offer great benefits that can help you travel more. The way the double cash card works is: you are able to earn 2 percent cash back on every purchase if you pay at least the minimum amount due on your card each month. This consistent cashback rate shows the potential for Citi Double Cash travel benefits as you can redeem your points on specific travel expenses or earn more cash back to spend on your next trip.