Best credit cards in the US
Credit card companies launch new products every year with lots of benefits. It can quickly get overwhelming to ensure you have extensive coverage and that you apply for the best credit cards. Although there is not one single credit card that can fulfill the needs of every individual, a group of cards may help you keep a diverse portfolio of credit cards with outstanding benefits on most purchases. It also helps your credit report as a lending society, including banks and private lenders, sees you a trusted borrower
We pick below cards based on our own experiences using these credit cards over the last five years and how they prove to be of exceptional values to the everyday consumer. For detailed benefits guide, please follow the links below.
The three best credit cards in the US are:
1. Chase Sapphire Preferred Visa Card
2. Citi Double Cash Master Card
3. Wyndham Rewards Visa Card
1. Best Travel Credit Card: Chase Sapphire Preferred Visa
Although this card comes with a $95 fee, the travel benefits it offers outweigh far more than the cost of getting this credit card. If you travel at least once a year, this card is worth it and gives peace of mind by providing excellent travel coverage. I love this card so much that I have now upgraded to Chase Sapphire Reserve credit card which comes with $450/year fee and comes with outstanding benefits worth thousands every year. Below are some highlights of this card:
Rates & Fees
• Issuer Name: Chase
• Credit Needed: Excellent Credit
• Annual Fee: $95
• APR: 18.24% – 25.24% Variable
• Penalty APR: None
• Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater
• Cash Advance Fee: Either $10 or 5% of the amount of each transaction, whichever is greater
• Foreign Transaction Fee: $0
2. Best Shopping Credit Card: Citi Double Cash Master Card
Mastercard is the best shopping benefits provider out there. Although American Express is trying to match benefits provided by Citi Double Cash Master Credit Card (such as extended warranty by two years, etc.), it still lags behind the overall value to the consumer. Citi double cash credit card does not have an annual fee and offers the best benefits for items purchased in the US. See below for the list of benefits. My personal favorite is purchase protection. If you break a new item within 120 days of purchase, Citi will replace it as long as it is an eligible item. Please read card benefits guide carefully for detailed information. In the last five years, this card has saved me a lot of money by utilizing price rewind, purchase protection, return protection, and all other shopping benefits. Below are some highlights of this card:
Rates & Fees
• Issuer Name: Citi
• Credit Needed: Excellent, Good
• Annual Fee: $0*
• APR: 15.74% – 25.74%* (Variable)
• Penalty APR: Up to 29.99% (Variable)
• Balance Transfer Intro APR: 0% for 18 months on Balance Transfers*
• Balance Transfer Fee: 3% of each balance transfer; $5 minimum.
• Cash Advance Fee: 5% of each cash advance; $10 minimum
• Foreign Transaction Fee: 3%
3. Best Credit Card Balance Transfer Offers: Wyndham Rewards Visa Credit Card
Great for Balance Transfer offers as long as you keep your account in good standing. Based on our experience, Barclay’s Wyndham card provides the cheapest 0 APR balance transfer offers every year. For proper credit ratings, it is easy to get a higher credit limit. My first credit limit with Barclays was $12,000, which gave me a lot of flexibility during the times of need. As soon as you pay off the entire balance of balance transfer offer, you get another offer in your inbox with lowest balance transfer fee. In the last five years, this card has proven to be excellent in offering lowest rates balance transfer offers. Below are some highlights of this card:
Rates & Fees
• Issuer Name: Barclays
• Annual Fee: $0
• APR: 17.49%, 22.24% or 27.24% based on your creditworthiness
• Penalty APR: None
• Purchase Intro APR: 0% APR on all Wyndham Timeshare Purchases for six billing cycles
• Balance Transfer Intro APR: 0% introductory APR
• Balance Transfer Fee: $5 or 3% of the amount of each transfer, whichever is greater
• Cash Advance Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
• Foreign Transaction Fee: None