This article provides a comprehensive explanation of the best credit card reviews. Without further ado, let’s get right into it.
Because there are many categories of credit cards, we have streamlined this article to represent the crème de la crème in the credit card business. Stay with us!
Best Credit Card Reviews
#1 Citi® Double Cash Card: Best Flat-Rate Cash Back Card
The first on our list of best credit card reviews is Citi Double cash card. It is one of the best cash-back cards with a flat rate.
You’ll earn a flat rate of cashback on each purchase with no limits or categories to keep track of.
With this card, it’s also possible to convert your rewards to ThankYou points, which can be transferred to airline miles if you also hold a Citi Premier® Card or Citi Prestige® Card.
The more you use the Double Cash credit card, the more you earn. There are no limits on how much cashback you can earn.
As long as you pay your card off every month and avoid fee-bearing activities like cash advances and balance transfers, you can use the Citi Double Cash card for your daily purchases and earn a generous amount of cashback without paying any fees or interest.
Additionally, The Citi Double Cash charges a foreign transaction fee so it’s not a great choice for international travel.
Rewards: 2% cashback on all purchases, 1% when purchases are made and another 1% when they’re paid off.
Welcome Offer: None
Annual Fee: $0
Read: What Is A Virtual Debit Or Credit Card
#2 Chase Sapphire Preferred® Card: Best Entry-Level Travel Card
If you love chase cards but are afraid because of the annual fees, the Chase Sapphire Preferred® Card may be a good place to start.
To justify the annual fees, the ultimate rewards are flexible and valuable.
The rewards can be transferred to a variety of airline frequent flyer programs and hotel chains, such as United Airlines and Hyatt.
This is another best credit card reviews.
Rewards: Cardholders earn 5 points per dollar on travel purchased through Chase Ultimate Rewards®, 3 points per dollar on dining, and 2 points per dollar on all other travel purchases. They also earn one point per dollar on all other eligible purchases.
Additionally, through March 2022, you’ll earn a total of 5 points per dollar on Lyft rides.
Welcome Offer: New cardholders can earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening.
Annual Fee: $95
#3 Chase Freedom Flex℠: Best Cash Back Card
This is one of the newest addition to the chase family launched in late 2020. The ultimate reward for this cash-back card is tough to beat.
This card, however, charges a 3% foreign transaction fee so it is not a good choice if you plan to travel abroad.
Rewards: You’ll earn 5% cashback up to $1,500 in combined purchases in activated bonus categories each quarter, 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1% on all other eligible purchases.
Welcome Offer: $200 bonus after spending $500 on purchases in the first 3 months from account opening. 5% cashback on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year
Annual Fee: $0
Drawback: You’ll have to activate the quarterly bonus categories and track how much you’ve spent because the rotating categories have a $1,500 cap.
The Freedom Flex offers a three-month membership to Door Dash’s DashPass that grants free delivery on orders over $12 and 50% off DashPass for the next nine months.
You’ll also get 5% cashback on Lyft rides through March 2022.
Finally, you can benefit from cell phone insurance protection when you pay your monthly cell phone bill with your card. Claims are limited to $800 per claim and $1,000 per year total.
Read: 10 Best High Limit Credit Cards
#4 American Express® Gold Card: Best Card for Dining
This best credit card review is good news for foodies who wish to add their point balance.
If you’re a foodie, the American Express® Gold Card offers bonus Membership Rewards points on purchases at restaurants and at U.S. supermarkets.
Rewards: Earn 4 Membership Rewards points per dollar at restaurants, takeout and delivery, 4 Membership Rewards points per dollar at U.S. supermarkets, 3 points per dollar on flights booked directly with airlines or through American Express Travel, and 1 point per dollar on all other eligible purchases.
Welcome Offer: 60,000 Membership Rewards points after you spend $4,000 on purchases on your new card in your first 6 months of card membership
Annual Fee: $250. Terms and conditions apply.
#5 Chase Sapphire Reserve: Best Flexible Travel Rewards Card
Chase Sapphire Reserve offers trip cancellation and interruption insurance for covered situations, trip delay insurance, lost baggage and baggage delay insurance, primary rental car insurance, and more.
All of these best-in-class protections helped this card top the list for the best travel rewards credit card.
Rewards: Cardholders earn 5 points per dollar on air travel and 10 points per dollar on hotels and car rentals when they purchase travel through Chase Ultimate Rewards. 3 points per dollar on other travel and dining and 1 point per dollar spent on all other purchases.
Welcome Offer: New cardholders can earn 50,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening.
Annual Fee: $550
Other Benefits and Drawbacks: The high annual fee of this premium rewards card is partially offset by $300 in travel credits that are applied automatically when you make qualifying purchases.
The Chase Sapphire Reserve benefits include Priority Pass airport lounge membership. This means that when you fly, you’ll be able to eat and drink at over 1,200 airport lounge locations worldwide as long as you enroll.
#6 The Platinum Card® from American Express: Best for Luxury Travel Benefits
These are the best card reviews for lovers of luxury travel experiences.
Rewards: 5 Rewards Points per dollar for flights booked directly with airlines or with American Express Travel up to $500,000 per calendar year, 5 points per dollar on prepaid hotels booked with American Express Travel, and 1 point per dollar on all other eligible purchases
Welcome Offer: You’ll earn 100,000 points after you spend $6,000 on purchases on the Card in your first 6 months of Card Membership.
Annual Fee: $695. Terms apply.
Read: Visa Credit Cards Review 2022 | How Does It Work
#7 Delta SkyMiles® Reserve American Express Card: Best Airline Credit Card
This best credit card on our reviews list is the best overall airline credit card because of its welcome bonus and its full package of additional benefits.
Rewards: 3 miles per dollar on Delta airline purchases and 1 mile per dollar on all other eligible purchases.
Welcome Offer: None
Annual Fee: $550. Terms apply.
#8 Amex EveryDay® Preferred Credit Card *
If you use your Amex card regularly like say at least every 30 times a month, users get bonus offers of up to 50%. However, “EveryDay”, and is a good option if you want to get started into their rewards system.
It doesn’t require a high annual fee.
Rewards: 3 Membership Rewards points per dollar on up to $6,000 spent annually at U.S. supermarkets. 2 points per dollar spent at U.S. gas stations and flights or prepaid hotels booked through Amex Travel.
And 1 point per dollar on all other purchases. If you use your card for at least 30 purchases per month, you’ll earn a 50% bonus on all points earned for that month working out to 4.5 points per dollar, 3 points per dollar, and 1.5 points per dollar in the categories mentioned above.
Welcome Offer: Earn 15,000 Membership Rewards® Points, after you use your new Card to make $1,000 in purchases in your first 3 months
Annual Fee: $95
This card also offers secondary rental car insurance coverage and return protection.
In addition, it charges foreign transaction fees so it is not a good choice for international travel.
#9 Amazon Prime Rewards Visa Signature Card: Credit Card For Amazon
This card has been a great one. Its recent reliance on Amazon for daily needs makes it a great one.
Rewards: 5% cash back in rewards at Amazon.com and Whole Foods Market, 2% cash back at restaurants, gas stations, and drugstores, and 1% on all other purchases
Welcome Offer: $100 Amazon.com gift card upon approval
Annual Fee: $0 with Prime membership
If you’re not a regular Amazon or Whole Foods shopper, this card doesn’t make sense for you. The $119 cost of Prime membership effectively acts as an annual fee. If you’re already spending it, then the card has no additional cost to carry.
#10 Discover it Secured Credit Card: Best Secured Credit Card
This is the best card for those who need to build or rebuild their credit.
In exchange for a security deposit, Discover will provide you with an equal credit line if you are approved. Most secured credit cards do this, but the Discover it Secured Credit Card, there’s a reward attached.
Rewards: 2% cashback at gas stations and restaurants up to $1,000 in each quarter. Also, you can earn unlimited 1% cashback on all other purchases.
Welcome Offer: Unlimited Cashback Match – Discover will automatically match all the cashback earned at the end of the first year
Annual Fee: $0
Other Benefits: You can have a maximum of a $2,500 credit limit by putting down a $2,500 deposit. They will review your account for graduation to an unsecured card and the refund of your security deposit starting at eight months.
#11 Bank of America Travel Rewards credit card for Students
As a student, this is your best credit card review. This credit card is good for students. If you’re looking to apply for your first credit card, this is a good place to start.
It offers rewards and a welcome offer.
Rewards: Earn 1.5 points for every dollar you spend.
Welcome Offer: 25,000 bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening. You can redeem this for a $250 statement credit toward travel purchases
Annual Fee: $0
The Bank of America Travel Rewards Credit Card for Students offers the highest flat-rate return on your spending. Additionally, this card doesn’t charge foreign transaction fees which is ideal for studying abroad.
Read: 11 Best Unsecured Credit Cards For Bad Credit
#12 Capital One Venture Rewards Credit Card: Best for Flat-Rate Travel Rewards
If you want to earn travel rewards without worrying about tracking spending categories, read these best credit card reviews. In addition, the miles reward can be transferred to partners.
Rewards: 5 miles per dollar on hotels and rental cars booked through Capital One Travel and an unlimited 2 miles per dollar spent on other purchases
Welcome Offer: 60,000 miles once you spend $3,000 on purchases within 3 months from account opening
Annual Fee: $95
Capital One Venture miles are easy to redeem. Before you redeem them, compare cash prices to the number of miles you would need if you transfer to a partner and see which redemption requires the fewest miles.
How Does a Credit Card Work?
A credit card is a card that can be used to make a purchase of goods or services in-person or online.
The amount of credit given is in line with your credit score. The better your score, the higher the amount of credit you’ll be granted.
Credit cards function as short-term loans. You’ll have until the end of the credit card billing period to pay back from your bank account
You can also earn rewards like cash back or travel rewards with some types of cards. Alongside purchase and travel protections.
Read: Where To Buy Target Gift Cards In 2022
How to Choose a Credit Card
To choose a credit card, there should be a number of considerations like your credit score, tolerance to annual fees, rewards, and spending habits.
- Annual fees
- Other Fees
- Interest Rates
- Rewards
- Perks
- Credit-Building Help
FAQs
There’s no one right number of credit cards to have. That’s because everyone’s financial profile and goals are unique to their particular circumstances. Having multiple credit cards can either be a boon or a bust depending on how you acquire and use the cards.
Having more than one or two credit cards can be a good fit for most people as a credit card allows you to establish a credit history. A good credit history over time will save you money as it can help you qualify for lower rates on other types of loans, like mortgages, auto loans, or student loans.
Most cards can be applied online, although you can go to the issuing bank and apply in person or call them on the phone.
If you’re approved, the next step is to make sure you understand the card’s terms and conditions, listed in the fine print of the cardmember agreement.
There are several steps you can take to try to improve your credit score.
First, check your credit report to make sure there aren’t any errors that could be having an adverse effect. Paying your bills on time, every time will have the single biggest impact on your score.
Secondly, is the amount of debt you have. Since credit reporting agencies don’t have your income information, they use something called “credit utilization” instead of a debt-to-income ratio.
Credit utilization is the amount of debt you owe relative to the amount of credit you have. For example, if you have a balance of $3,000 on a card with a $10,000 limit, you’re using 30% of your credit. Total credit utilization is based on the total amount across all your lines of credit, both what you owe and how much you have available. It’s suggested that utilization of 30% or below should be the goal.
Conclusion
This article explains the best 12 credit card reviews. Get back in the comment box if you enjoyed the read
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