10 of the Best Credit Cards of 2018

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The right credit card can help improve your financial situation in many ways. With so many different cards out there, it’s difficult to know which one is right for your particular needs. So, we’ve compiled a list of some of the best credit cards for those with bad credit, no credit at all, those looking for low interest rates, or those who are simply looking for perks.

10. Cash Back

Cash
Source: Pexels

With the Blue Cash Preferred Card from American Express, you’ll get cash back on everyday purchases like gas and groceries. You can earn 6% cash back when you spend up to $6,000 annually at gas stations, grocery stores and select department stores.

Some Features and Benefits:
-Earn a $200 cash back bonus after making $1,000 in purchases within the first three months after opening your account
-Cash back rewards are in the form of Reward Dollars that can be redeemed for statement credits, gift cards, and merchandise
-Cash back rewards are available in the U.S. only
-FREE fraud protection
-0% introductory APR for the first year on purchases and balance transfers, 14.49% to 25.49% variable APR thereafter
-$95 annual fee
-Must have good to excellent credit

9. Bad Credit

Equifax logo
Source: Wikimedia Commons

If you have a low FICO score, you’re considered to be a credit risk. The good news is there are credit cards for people who need help rebuilding their credit rating. Because you’re a risk, your card may have different terms that protect the lender. For example, you may be required to make an initial deposit, have a lower credit limit or higher APR, or pay additional monthly fees.

The Credit One Bank Platinum Visa with Cash Back Rewards will help you build or repair your credit rating. You’ll have a low credit limit, which you may be able to increase later on, and you won’t get a 0% introductory APR or sign-up bonus.

Some Other Features and Benefits:
-$0 fraud liability protection
-Free online credit score tracking
-Choose your payment due date
-Earn 1% cash back on all eligible purchases (Cash back rewards are automatically added to your balance each month.)
-Credit limit of $300 to $500 (Your credit limit may be increased over time, depending on a number of factors, including your income, payment history, and credit score.)
-17.49% to 25.49% variable APR
-Annual fee of $0 to $99, depending on your cardholder agreement
-Late payment fee of $35
-Returned payment fee of $35
-Must have fair credit

8. No Credit

Construction project
Source: Pexels

There are many reasons why you need to build credit. If you plan to take out loans or purchase a home or car, you’ll need to have credit. Some employers will even pull your credit report when you apply for a job. The good news is there are many ways you can establish credit. A credit card is one of the easiest ways to do this.

The Discover it Secured credit card is for individuals who are trying to establish credit, have poor or bad credit, or are rebuilding credit. Since it’s a secured credit card, there’s a minimum security deposit of $200.

Some Other Features and Benefits:
-Periodic account reviews (Your account will be reviewed by Discover starting at eight months to determine if it can transition to an unsecured line of credit. If so, your security deposit will be refunded.)
-FREE access to FICO credit score
-No penalty APR for paying late and no late fee for the first late payment
-No annual fee
-Cash back on every purchase
-$0 fraud liability protection
-24.49% variable APR
-For those with limited or bad credit

7. Low Interest

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The USAA Rate Advantage Visa Platinum Card is a no-frills credit card that simply offers a low interest rate based on your credit history.

Some Features and Benefits:
-8.40% to 25.40% variable APR
-No annual fee
-No introductory rate
-No rewards
-Special features for members of the military (Rebates on finance charges; assistance before, during, and after deployment; special deployment APRs)
-Price protection for eligible purchases
-Extended warranty on eligible U.S.-based store brands for up to one year
-Identity theft resolution services
-Reimbursement for expenses incurred due to identity theft
-Automatic travel accident insurance
-Baggage delay insurance
-Must have good to excellent credit

6. Balance Transfer

Arrows
Source: Pexels

As an introductory offer, the Discover it Balance Transfer card will automatically match all the cash back earned at the end of your first year.

Some Others Features and Benefits:
-Earn 5% cash back at gas stations, grocery stores, restaurants, Amazon.com, wholesale clubs, and other places
-Automatically earn unlimited 1% cash back on all other purchases
-Cash back rewards never expire
-0% introductory APR on purchases for 6 months and 0% on balance transfers for 18 months, 13.49% – 24.49% variable APR thereafter
-No annual fee
-FREE Social Security number alerts
-Must have good to excellent credit (Recommended credit score: 690 – 850)

5. Business

Business
Source: Pexels

The Business Platinum Card from American Express is a business travel rewards credit card that’ll earn you five points per dollar on flights and prepaid hotels booked on the American Express Travel website and 1.5 points per dollar on purchases of $5,000 or more with up to one million additional points each year. All other eligible purchases earn one point per dollar.

Some Other Features and Benefits:
-$200 airline fee credit
-35% airline bonus (If you use Membership Rewards Pay with Points for all or part of a flight with a qualifying airline, you can get 35% of the points back, up to 500,000 bonus points per calendar year.)
-Receive 35% points back on all First and Business class flights, with all airlines available through American Express Travel
-Hotel and resort perks (Daily breakfast, early check-in, global lounge access, travel accident insurance)
-Baggage insurance plan
-Premium roadside assistance
-Concierge service
-Fee credit for Global Entry or TSA Precheck
-$450 annual fee
-No bonus points for purchases like gas, advertising, or office supplies

4. Travel

Man traveling by train
Source: Pexels

With the Bank of America Travel Rewards Credit Card, you can earn travel rewards for everyday spending. For example, you’ll earn an unlimited 1.5 points per dollar on every purchase. If you spend at least $1,000 within the first 90 days of opening your account, you’ll earn 20,000 bonus points. These points can be redeemed to pay for flights, hotels, cruises, rental cars, vacation packages, and baggage fees.

Some Other Features and Benefits:
-Flexibility (You won’t be required to use a particular airline, travel partner, or hotel)
-No annual fee
-0% introductory APR for 12 months on purchases, 16.49% to 24.49% variable APR on purchases and balance transfers thereafter
-$0 fraud liability protection
-Active Bank of America checking and savings account customers earn an additional 10% customer points on all purchases
-FREE monthly access to FICO credit score
-Card benefits do not include auto rental insurance, trip cancellation insurance, or roadside assistance
-Must have good to excellent credit

3. Student

Student
Source: Pexels

The Discover it Student Cash Back card offers students a way to establish credit. Here are some of its features and benefits:

-Cash back for good grades (If you earn a GPA of 3.0 or higher each school year, you’ll get a $20 statement credit annually for up to five years.)
-Bonus cash back rewards (Earn 5% cash back on groceries, gas, at restaurants, and on Amazon.com. Earn unlimited 1% cash back on all other purchases automatically.)
-Dollar-for-dollar match of all the cash back you’ve earned at the end of your first year
-No annual fee
-First last payment fee is waived
-No APR penalty for late payments
-$0 fraud liability protection
-Freeze It function (Cardholders can freeze and unfreeze the use of the card at any time)
-FREE monthly access to FICO credit score
-Social Security number alerts
-14.49% to 23.49% variable APR
-Must have fair credit

2. Airline

Airplane
Source: Pexels

With the JetBlue Plus Card, frequent flyers of JetBlue Airways will earn six points per dollar on JetBlue purchases, two points per dollar at restaurants and grocery stores, and one point per dollar on all other purchases. If you spend $1,000 in the first 90 days, you’ll earn 30,000 bonus points.

Some Other Features and Benefits:
-50% savings on in-flight purchases
-Redeem your points for any seat and any time
-No blackout dates on JetBlue-operated flights
-Free first checked bag
-Earn 5,000 bonus points each year after your 1-year account anniversary
-Get a $100 statement credit when you use your JetBlue Plus Card to purchase a JetBlue Vacations package of $100 or more
-$0 fraud liability protection
-$99 annual fee
-17.49%, 21.49% or 26.49% APR (based on your creditworthiness)
-Must have excellent credit

1. Hotel

Neon hotel sign
Source: Pexels

People who frequently stay at Marriott and SPG hotels and resorts can take advantage of the Marriott Rewards Premier Plus Credit Card from Chase. You’ll earn six points for every dollar spent at participating Marriott and SPG hotels, and two points per dollar on all other purchases. If you spend $5,000 in the first three months of opening the account, you’ll earn 100,000 bonus points.

Some Other Features and Benefits:
-A FREE one-night stay each year at a qualifying hotel
-FREE daily breakfast
-Automatic Silver Elite status each account anniversary (Includes free standard in-room Wi-Fi and 4 p.m. late checkout)
-Earn Gold status when you spend $35,000 annually on purchases
-Baggage delay reimbursement
-Trip delay reimbursement
-Lost luggage reimbursement
-Concierge service
-No introductory APR on purchases or balance transfers
-7.49% to 24.49% variable APR
-$95 annual fee
-Must have excellent credit

CONCLUSION

We hope that this list helped you narrow down your choices. Thanks for reading, and feel free to leave a comment.

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