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Secrets of 0% Balance Transfer Credit Cards

What is a Balance Transfer?

A Balance Transfer is using a new credit card to move your credit from one card to another.

Why are they so Valuable?

If you qualify, Balance Transfer Credit Cards are a great way to manage your debts. By transferring your debt from a high-interest rate credit card to a card with a zero per cent APR for a set period of time you could be saving a substantial amount of money each month in interest payments. Theoretically, by making the same monthly payment, you could be significantly reducing the amount you owe.

What a Balance Transfers is Not?

A Balance Transfer is not a repayment of debt, you will still owe the same amount of debt.

Here is everything you need to know about balance transfers:

1. Don’t Confuse Transfer with Repayment
A balance transfer credit card allows you to transfer your credit to another card with a 0% APR that will allow you to save money in terms of the interest you have to pay on the debt. For an instance, let’s assume you owe an outstanding balance of $5,000 on your high-interest credit card and are you are paying interest at 19% interest and your monthly payments are $238. By transferring your balance to a 0% APR card for 21 months, if you continue to make the same monthly payments of $238, you will pay off your balance at the end of 21 months, saving you approximately $1,661of additional interest on your debt.

2. Consolidating Is a Good Idea
A balance transfer credit card not only saves you an additional interest on debts with its 0% intro APR for a minimum time period, it will also allow you to consolidate your debts from multiple other credit cards to a single card to paid once every month. This is one of the most desirable ways to manage your finances as you will have to keep a track of only one credit card at a time, potentially avoiding late fees.

3. The Balance Transfer Fees
Though several balance transfer cards may allow you to pay off your debts without paying the additional interest on them, there is almost always a balance transfer fees associated with the new credit card. While the balance transfer fees may vary from 3-5%, they are almost always less than the additional interest you will not have to pay due to the 0% intro APR.

4. Effects on Your Credit Score

Applying for a new credit card will require the institution to check your credit reports which will require a full credit history which may ultimately wind up affecting your credit score. Even if you are not approved for a balance transfer credit card, your credit score may take a hit.

5. Other Considerations
Though balance transfer credit cards give you an easy way to avoid the additional interest on your debts, through the introductory offer of 0% APR, the rate will only last for a specific amount of time. To receive the maximum benefit you will have to stay on top of your spending and the goal should always be to attempt to pay off your debts within the specific period or you will be once again subjected to the additional interest which may range from 15-18%, which also could be higher than you were originally paying. Another important consideration is that this balance transfer option may not be available again to you upon the expiration of the initial offer. Often times credit card companies may not continue to allow you to open new balance transfer accounts if you continue to have high credit card balances, so make sure you choose carefully when to take advantage of this option.

Do check out our blog post on Best Small Business Loans of 2018.

5 Ways to Improve Your Credit Score

5 Ways to Improve Your Credit Score: Improving your credit score is not just an overnight task. It requires effort and lots of patience. We often have the idea that certain quick fixes and changes here and there will make our credit scores better but this usually backfires. Ample responsible measures for a significant period of time allows you to repair and rebuild your credit score. Starting on a righteous path to the better credit requires you to undertake certain changes at a time.

Here are some of the ways to improve your credit score:

1. Take care of Credit Card Balances
It is the foremost step that affects your credit score. Smaller the balances, more improved is the credit score. 30% or less is the accurate balance you have to use from your limit so as to keep your credit score managed at all time. Eliminating the credit card balances is another way to improve your credit score. If you have a number of credit cards with little balance due on every, it affects your credit score badly and paying all the balances through one credit card is not something we would suggest. You need to pay the balances due so as to get a good credit score when your credit reports are being fetched.

2. Do not eliminate the old debts from your credit report
It is a common belief that once you have paid off your older debts, you need to get them eliminated from the reports so as to improve your credit score but the truth is otherwise. Eliminating them from the records doesn’t help in any way. Instead of keeping the reports accurate and paying the debt on time makes you look rather more responsible and managing your finances efficiently improves your credit score eventually in the long run. Moreover, those debts reports are bound to vanish after a specific period of time, so making an extra effort to get them removed is all in vain. Elimintaing old debts is one of the most effctive ways to improve your credit score.

3. Payment Reminders
Paying your bills on the specific time is one of the important ways of improving your credit score. On time payments is one of the easiest ways to get what you essentially want. There is nothing in between, just monthly payments on the required date and you will see the rise in your credit score eventually. If you are manageable enough, automatic payments through some play store apps help a great deal and the reminders are essential for paying those bills on time.

4. The Credit Age
There’s nothing much you can do to make your credit scores improve if you have a short credit history. For an instance, you have a new credit card, which means there aren’t many transactions and balance due on the card which in fact will not help you build a credit score nor will it affect it anyhow. Though, adding a member with a good credit history to your credit card as an authorized user can affect the age of your credit card and build a strong credit history which can be further improved. Though, this requires someone you can trust and rely on which is not something we can get easily.

5. Create an Action Plan
Creating an action plan is one of the foolproof ways to improve your credit score. If there are certain problem areas associated with your credit score and you know them specifically, you can work towards their improvement. Find out solutions that can make things and your financial credit dealings way much better. Develop an action plan that allows you to limit your credit spendings according to the balance and pay every amount due. Pay off any debt if you have been carrying it and start working on managing the credit and it balances a little better.

Do check out our blog post on How to Choose Best College Savings Plans in America.

Different Types of Credit Unions in America

A credit union is a certain non-profit organisation that is maintained and created by a particular group of members. There are different types of credit unions in America depending on your basic financial needs. Their members are in some way the de-facto owners and all the necessary decisions are handled by keeping in mind the members’ mutual interest. The credit unions’ easy to approve financial loans, lower interest rates, reduced fees and the aspect of not making profits over the members’ money is making them ideal for saving your earnings. It is rather not easy to join a credit union, you have to surpass certain basic conditions and after that, the democratic member control is something that can earn you maximum profits on your savings.

Here is the list of different types of Credit Unions in America:

1. Employer Credit Union
It is the type of credit unions sponsored by the employers for its employees. It usually does not limit to a specific organization, there can be different credit unions in different field areas. For e.g, a group of teachers can be a member of credit unions created by their subordinate that solely focuses on their benefits without any monetary profit of the in charge. Similarly the workers, policemen, firemen can be the members of credit unions in their particular field.

2. Group Credit Union
Group credit union is one of the most common credit union on the list of different types of Credit Unions in America. Any kind of fraternal organization can open a credit union for the welfare of its members and work towards the groups’ mutual interests. For e.g, you can consider a church opening a credit union for its loyal members and offer them lower interest rates on loans and more on their savings. You need to clear certain ground rules to be a part of a closed group credit union. Military credit unions can be another example we can consider for such category.

3. Local Credit Unions
These credit unions are limited to a particular city or an area. For e.g, all the members of a certain small city and easily and safely borrow, ask for a loan approval or even save their extra cash at the local credit unions which will work entirely towards their benefits. You need to have an identity proof of residency of that particular city for being a member and certain other conditions.

4. Federal Credit Unions
These are legalised under the Federal Credit Union Act of 1934 in the United States which allow the members with several non-profit benefits and to make credit widely available within their reach. The members of the group include several volunteers, their families, elected officials and more. The minimum age for joining the federal credit union is 18 years and a permanent U.S residency is mandatory. The different types of Credit Unions in America are only created for offering their members better financial services at lower rates as compared to banks.

Do check out our blog post on Best Banks in America for Small Businesses.

Common Misconceptions about Credit Cards

Inaccurate knowledge of a subject is rather harmful and it is regardlessly true in terms of credit cards. More than 50% of Americans are unaware of the common misconceptions about credit cards. They might feel they have it all under control and one little mistake and they are left with regretful financial decisions. Proper understanding is must in order to avoid any unwanted circumstances such as debts or no rewards. There are many terms that are misleading to the customers and in order to receive potential health benefits, you need to understand all the facts first.

Certain common misconceptions about credit cards are:

1. One should only have one credit card at a time
There is nothing wrong with having more than one credit card at a time if you know how to manage your expenses and debts efficiently. Having only one credit card is only recommendable when you are dealing with it for the first time. After you get a hold of how to manage the bills and stay at the top of your payments, multiple cards can actually be benefitting in terms of different rewards and other benefits.

2. More credit score for discarding old credit cards
This is a serious misconception everyone needs to take off their list. People are usually under the impression that their credit score will improve by discarding the old credit cards through the opposite of the fact is rather true. Closing the old credit cards before the expiration generally harms your score as the average length of your credit is an important FICO score decider and if you were managing the cards well then closing the old ones usually means low credit limit for you which can be disastrous in terms of temptations.

3. A new credit card harms your credit score
This is one of the most common misconceptions about credit cards that should be addressed by plenty. After you request for a new credit card, the bank usually pulls your credit history or credit score and some of the way pills do not harm it anyhow. Buty if there are multiple credits pulls from time to time, the credit score will actually defer as the bank will know that you are facing financial problems but if you are in no debt whatsoever, getting a new credit card won’t affect the score and will otherwise improve it as you will have lower utilization ratio.

4. Exceeding the credit limit is not harmful
This is one of the biggest mistakes you any credit card holder can easily ignore. You are under the impression that if the banks have forgiven you for exceeding the limit once, they will continue to do so. While this is not the case. It is one of the easiest ways for a bank to make business and exceed your credit limit which will further increase your interest rate.

5. Debt is good for increasing credit score
This misconception is responsible for causing you more money and debts which are not so easy to ignore. Carrying a debt will neither improve your credit score and nor will it pay for itself. You have to pay the necessary amount every month if you wish to ignore extra charges and debts. This is one of the most Common Misconceptions about Credit Cards that are actually getting you into a loss instead of offering benefits.

Do check out our blog post on Best Places in America to Deposit Your Cash.

Best Credit Cards With No Foreign Transaction Fees

There are globs of best credit cards with no foreign transaction fees out there that offer various additional perks like sign-up bonuses and rewards points etc in parallel with no charges on transactions in the foreign land. For the people traveling overseas frequently, it is essential to have a credit card that has no foreign transaction fees in order to handle the expenses efficiently.

Here is the list of some of the best credit cards with no foreign transaction fees to choose for your next pick:

1. Chase Sapphire Preferred Credit Card
Chase Sapphire Preferred Credit Card is people favorite for offering amazing perks and charging no foreign transaction fees. It allows you to earn 50,000 of sign up bonus points which are approximately $625 of rewards for spending $4000 in the very first 3 months. You get to earn 2 points on every dollar spent on travel or restaurant dinings and 1 point on every dollar spent elsewhere. They have a 17.24% – 24.24% Variable APR and charges no annual fees for the first year. After that, you have to pay $95 annually to avail its services. There is no expiration date for the miles earned and you can redeem them any hotel or airline irrespective of the brand.

2. Capital One Venture Rewards Credit Card
It is one of the best credit cards with no foreign transaction fees. You can enjoy a sign-up bonus of 50,000 miles for spending $3,000 in the very first 3 months. The credit card allows you to earn 2 points for every dollar you spent anywhere per day. They also offer 10 miles on every dollar spent on hotel bookings at hotel.com. The Capital One Venture Rewards Credit Card has a 14.24% – 24.24% Variable APR and the annual service fee is waived off for the first year. After that, you have to pay $95 annually to pursue its services. The points are redeemable anywhere without any expiration date.

3. Bank of America Travel Rewards Credit Card
This credit card offers 20,000 online bonus miles which is approximately $200 worth of statement credit that you can only redeem after spending $1,000 in the very first 3 months of opening the account. They do not charge any foreign transaction fees and the best perk is that they have no annual fees for the card services. You can earn up to 1.5 points for every dollar you spent on purchases. If you are an active member of Bank of America, you are eligible for additional 10% points as a consumer bonus. The points can be redeemed in any hotel, airline or dining irrespective of the brand and have a lifetime validity.

4. Starwood Preferred Guest Credit Card from American Express
2015 was the year when this one got onto the list of the best credit cards with no foreign transaction fees after making it $0 from the previously existing 2.7%. The card offers various other perks such as a sign-up bonus of 25,000 rewards points after spending $3,000 in the very first 3 months. They allow you to use Boingo Wi-Fi with a complimentary internet access across the hotel rooms. There are no annual fees to be paid for the first year and after that, you have to pay $95 annually. After its acquisition from Marriott, you can now convert your 1 Starwood point into 3 Marriott points.

5. Capital One Quicksilver Cash Rewards Credit Card
It is one of the best credit cards that offer additional perks of cash backs. The card offers a $150 of cash bonus after spending $500 in the very first 3 months of opening the account. They allow you to get 1.5% of cashback on every purchase per day. The validity of the cash rewards is lifetime and they can be redeemed at any network. The card has an introductory offer of 0% APR for the first 9 months and after that, it varies from 14.24%-24.24%. There are no annual fees for its services and of course the last, it doesn’t charge any foreign transaction fees.

Do check out our blog post on Best Personal Loan Options for 2018.

Best Airline Credit Cards

If you are a frequent flyer and all of that is making a huge hole in your pocket then an airline credit card can do wonders for you. When deciding on the best airline credit cards, you need to keep in mind the additional exclusive perks they offer in parallel to the discount on air tickets and hotel stays. There are usually two types of airline credit cards you can choose from. If you are loyal to a certain airline, then its co-branded airline credit card would be best for you and other than that you can opt for a financially worthwhile credit card that offers profitable services on multiple air partners.

Here are some of the best airline credit cards:

1. Chase Sapphire Preferred Credit Card
Chase Sapphire Preferred Credit Card offers a sign-up bonus of 50,000 points for spending $4,000 in the very first 3 months which is approximately equal to $625 of travel rewards through its portal. You can even transfer your points collected to the bank’s loyalty partners that include Hyatt or United. You earn 2 points for every dollar spent on travel like taxis and hotels and 1 point on every dollar spent elsewhere. You can also bag 2 points on worldwide hotel dining. There are no foreign transaction fees charges as well as you are waived off from the annual fees for the first year. After that, you have to pay $95 annually. They offer a robust customer service and a worldwide merchant acceptance.

2. Capital One Venture Rewards Credit Card
It is one of the best airline credit cards that offers 50,000 of rewards miles as a sign-up bonus for spending a minimum of $3,000 in the first three months. You can redeem these miles to pay off your credit card bill statements. They offer 2 miles on every dollar spent anywhere and the miles have no expiration date. They do not charge any foreign transaction fees and the miles can be redeemed on any airline irrespective of any brand. They have a robust customer service. Though you are not allowed to transfer your points to certain other loyalty partners and get benefits.

3. Discover It Miles Credit Card
One of the credit card worth investing is the Discover It Miles Credit Card. It charges no annual fees making it perfect for bagging additional travel rewards without paying a whopping amount from your pocket. They offer 1,5 miles on every dollar you spent anywhere which can further be used for cash back or travel discounts. The best perk of using this credit card is that it doubles all your miles earned at the end of the year. There is no expiration date for the miles earned and you can use your miles at any airline irrespective of the brand.

4. BankAmericard Travel Rewards Credit Card
It is one of the best airline credit cards that allows you to earn 20,000 of sign up bonus points after spending $1,000 in the very first 3 months. These points approximately equal to $200 off on the airline charges. The points earned can be redeemed anytime irrespective of the duration and there is no expiration date for them. It is best for travelers who wish to have a credit card that charges no foreign transaction fees. They have multiple other perks for customers with an existing Bank of America Credit Card such as additional 10% of customer points.

5. Citi/AAdvantage Executive World Elite Mastercard
This airline credit card is best for people looking to get free lounge benefits for themselves and their friends. It offers 50,000 miles as the sign-up bonus for spending $5,000 in the very first 3 months of opening the account. You can also bag 10,000 pf AAdvantage EQMs for spending $4,000 on purchases per year. The card offers an Admirals Club membership with additional travel and lounge benefits. There are no foreign transaction fees and you can earn up to 2 miles on every dollar spent on American Airlines purchases and 1 mile on every other expenditure.

Do check out our blog post on Best Student Loan Options for 2018.

Best Hotel Credit Cards

There are gobs of best hotel credit cards out there that can earn you free hotel stays, elite membership perks, discount coupons, travel benefits etc but choosing the best for you is rather overwhelming. The best credit card for you depends upon your travel goals. If you want to be associated with a single elite hotel chain and earn their elite membership status, a co-branded hotel credit card is best for you and if you want something like free hotel stays, room upgradations, flight discounts and other hotel benefits like rewards, loyalty points, discount on dining etc, then you should opt for general travel credit cards.

Here is the list of best hotel credit cards to choose from:

1. Starwood Preferred Guest Credit Card From American Express
It is one of the best hotel credit cards that offers you a sign-up bonus of 25,000 reward points on spending a minimum of $3,000 in the very first 3 months. You will be awarded 2-star points for every dollar spent at Starwood properties and a 1-star point on every dollar spent elsewhere. They charge $0 as the annual credit card charges for the first year and after that, you have to pay $95 per year. Since the merger of Marriott and Starwood, you are allowed to transfer your points to get additional hotel benefits. They offer additional hotel benefits with Starwood Preferred Guest Program. They also allow you to transfer your points to more than 30 airways that have partnered with them and you can even get a 5000-mile bonus on the first 20,000 points transferred. It doesn’t charge any foreign transaction fees and you can get complimentary benefits like free Wi-Fi in the hotel rooms and Boingo Wi-Fi access across 1 million hotspots worldwide.

2. Marriott Rewards Premier Credit Card
Marriott Rewards Premier Credit Card will offer you 75000 of sign-up bonus points for spending a minimum of $3,000 in the very first 3 months. You won’t be charged any annual fees for the first year and after that, you have to pay $85 annually. One of the best perks of this credit card is a free 1 night’s stay on the date of your anniversary in their 5 listed locations. You will earn 5 points on every dollar spent at Marriott Properties, 2 points on every dollar spent on tickets purchased directly through airlines, car rental agencies and dinings and 1 point on everything else. You are allowed to use your points on whatever location suits you the best irrespective of the States. You will be honored with a Silver Elite Status automatically after every year which can bag you up to 20% of bonus points during hotel stays, late checkout options etc. You are also eligible to use the earned points with several airways partnered with the Hotel thus we can easily reward it as one of the best hotel credit cards.

3. Ritz Carlton Rewards Credit Card
It is one of the hotel credit cards that offer a majority of elite benefits to its customers. You can call this credit card as an investment to help you deal with the expenses in the future. A whopping huge amount of $450 as annual fees for the credit card is worth something rather amazing. You will be offered a free stay for 2 nights at a Tier 1-4 Ritz-Carlton property after spending $4,000 in the very first 3 months and they also offer a $3,00 of annual travel credit that you can use for booking with any airline. They also offer $100 of hotel credit that can be used for restaurant dining, spa massages and other activities within the hotel premises. You can get up to $100 of fee reimbursement after every 4 years along with trip insurances and trip delay reimbursements. It offers you 5 points on every dollar spent at the participating Ritz-Carlton Rewards and SPG hotels, 2 points on every dollar spent on tickets purchased directly through airlines, car rental agencies, and dinings and 1 point for every dollar spent elsewhere. Bonus points can also get you a Priority Pass Select lounge membership at the airports.

4. Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit card is one of the best hotel credit cards for its amazing customer perks. You will be offered 50,000 of sign-up bonus points for spending a minimum of $3,000 in the very first 3 months and there are no annual fees for the first year. After the first year, you will be charged $95 annually and there are no foreign transaction fees. You can earn up to 10 miles on every dollar spent on hotel bookings from Hotel.com and 2 miles on every dollar spent elsewhere. You can take the rewards from 10 miles to 20 by signing up for Hotel.com rewards program that offers a free night at any of their ventures. The points credited after your purchases are flexible to spent at any hotel no matter the brand. Easiest redemption is one of the major perks of using this Capital One Venture Credit Card.

Do check out our blog post on Best Credit Unions of 2018.

 

How to choose the best Credit Card for You

How to choose the best credit card is one of the most frequent questions we are asked by our customers. Well, let me tell you, there is no such thing as the best credit card. You can get a credit card suitable according to your spendings as well as your credit history and experience the rewards or cash back at their best. There are hundreds of credit cards with additional benefits available in the market. All you have to do is list out your requirements and choose the best fit accordingly.

Here are some of the easy steps on how to choose the best credit card for you:

1. Your credit score
Getting a credit card with ultimate additional perks always depends upon your credit scores. If the total history is according to the bank’s desired limit, you can score a credit card with amazing rewards or cash back. You can access your credit scores and apply for the best suitable to your credit score. If your credit limit is not something good according to the bank’s limit, you can finds ways to improve that. Check for the possible solutions, learn to spend healthy and you can even dispute an error on your reports according to the Federal Law. To secure the best credit card, you actually need to be true to yourself and your financial needs. Focus on the fact on what is important and what’s worthless.

2. Choosing the right tools
How to choose the best credit card initially depends upon choosing the type of credit card you need with the right tools at your disposal. There are basically 3 types of credit cards to choose from:- The one which offers you rewards, the one which manages your bad credit and the one which saves you additional cost on the interest. You need to use tools available to you and choose the best accordingly. For an instance, if you are a student with a bad credit, a credit card without any annual fees and 0% APR will benefit you rather than the one with a cash back and rewards.

3. Choose the right questions and do not get sucked into fake advertising
If you are planning to buy a credit card based on the all-new shiny and silver coated information through an advertisement, you might get sucked into the biggest mistake of your financial life. You need to consider all the benefits of choosing a card before giving up in the fight against its introductory offer. Being a student, you need to be aware of how that particular card can earn you a good credit and being an adult, you need to be aware of how that card can save you big bucks on interest and offer you rewards at the same time.

4. Compare all the paramount and relatable factors to choose accordingly
The last and the most reliable step on how to choose the best credit card is the comparison among your shortlisted ones. For an instance, you have curated a list of some 4 to 5 credit cards based on your needs and credit score. Now, the important factor is to choose the very best among them. This is a rather tricky part. You need to go with a choice that is best overall that offers a debt planner, difference refunds, 0% APR, no late fees, the extended validity of rewards and other similar benefits like these and actually make your credit scores better.

Do check out our blog post on Best IRA Accounts of 2018.

Best Rewards Credit Cards

Points and cash back are the two amazing perks of some of the best rewards credit cards. They allow you to earn major kickbacks and you can actually save money by using your credits. It’s amazing, right? Your great credit history can offer you some of the amazing perks of buys that are out of your reach. Well, we have curated a list of some credit cards that offer some excellent rewards and earns you a plethora of profits on spending.

Best rewards credit cards of 2018 are:

1. Capital One Venture Rewards Credit Card
It is one of those incredible credit cards that offers unlimited points on your spendings every day. These rewards can be redeemed anytime on travel. One of the best perks of Capital venture Rewards Credit Card is that it charges no foreign transaction fees no matter the place. There are no annual charges for the account only for the first year and after that, the fee is only $95 per year. You can earn yourself up to $500 on travels with a bonus of 50,000 miles if you hit 43,000 on purchases in the first 3 months. It offers 10 miles/dollar on every hotel charges you pay with the card and the validity of the miles is a lifetime.

2. Chase Sapphire Preferred Card
The credit card with a variety of travel options that are even missing from the travel cards, Chase Sapphire Preferred Card is one of the best rewards credit cards.it offers points on every purchase and has major flexible criteria to redeem them at any point. The 50,000 points sign-up bonus is a boon which is approximately $625 that you can spend on travels through the Chase Ultimate Rewards if you hit $4,000 in the first 3 months. The credit card offers 2 points on every buck spent on travel or restaurant dinings and 1 point on every other purchase. There is lifetime validity of the points earned which can be redeemed anywhere anytime and no foreign transaction fee is charged for any purchase made outside the country.

3. Premier Rewards Gold Card from American Express
It is one of the unique rewards credit card that offers some of the amazing travel perks in advance to the $100 of airline fee credit which you can redeem anytime with some terms and conditions. You will be offered points on every purchase you make at restaurants, gas stations or supermarkets in America. You will be offered 25,000 of memberships points if you make $2,000 of purchases in the very first 3 months. The card offers 3 points on every direct airline booking, 2 points at the restaurants or gas stations and 1 point on any other purchase. It also offers 475 of credit charges on hotel bookings as well as other perks of room upgradation. The annual fees for the first year are $0 and after that, it charges $195 per month.

4. Blue Cash Preferred Card from American Express
It is one of the best credit cards that earn you reward points on every purchase you make on a daily basis. The card offers a high earning rates on certain things which are popular with economical spenders. A 1% of cash back on all other purchases is one the best perks of the card. If you spent $1,000 in the first three months of getting an account, they offer you $200 worth of points. The credit card offers 0% APR on purchases for the first year and after that, it varies from 14.24% to 25.24%.the card has a $95 of annual transaction charges. You can redeem the rewards points for merchandise, credit statements and gift cards.

5. Discover it Cashback Match
Discover it Cashback Match is one of the best rewards credit cards that offer “dollar for dollar” cash back at the end of the first year. All these rewards earned can be redeemed anytime at Amazon.com at the time of checkout. You will also be offered 5% of cash back at every purchase made at gas stations, supermarkets, wholesale stores and of course amazon.com and 15 of unlimited cash back on every other purchase made through it. The validity of the cash rewards is lifetime and the bank doesn’t charge any annual fees for the credit card which is a must. There is 0% of APR charges on purchases and any other transactions for the first 14 months and after that, it varies from 13.24%- 24.24%.

Do checkout our blog post for Best Credit Cards of 2018.

Best Travel Credit Cards

There are three categories of travel credit cards- airline cards, general travel cards and hotel cards. Some of the best travel credit cards in America offers unlimited travel perks such as free travels, elite hotel memberships, discount on certain airlines etc. These travel credit cards can get you a hotel or airline membership with additional rewards on all type of transactions. Though, the limit and validity of rewards points depends on your credit cards brand. The collected travel points or rewards can also be the way of getting a huge cashback. We have curated a list of some of the most useful travel credit cards to choose from for the ones travelling frequently as well as with good credit score.

Best travel credit cards of 2018 are:

1. Capital One Venture Rewards Credit Card
It is one of those incredible credit cards that offers unlimited points on your spendings everyday. These rewards can be redeemed anytime on travel. One of the best perks of Capital venture Rewards Credit Card is that it charges no foreign transaction fees no matter the place. There is no annual charges for the account only for the first year and after that the fee is only $95 per year. You can earn yourself upto $500 on travels with a bonus of 50,000 miles if you hit 43,000 on purchases in the first 3 months. It offers 10 miles/dollar on every hotel charges you pay with the card and the validity of the miles is lifetime.

2. The Platinum Card from American Express
The Platinum Card from American Express is one of the best travel credit cards that is excellent for the ones with good credit history. It offers 60,000 of memberships rewards points if you spend $5,000 in the first 3 months of account opening. They have an amazing perk of offering $200 of maximum discount on uber rides per year. Every basic card member will be offered VIP uber status as well as credit. You will get 5 miles on every flight booking directly with the airlines and 5 miles on every hotel booking through amextravel.com. Every member is eligible to access proprietary lounges around the world with this card. They also offer $200 of airline credit as an additional perk.

3. Citi /AAdvantage Platinum Select World Elite Mastercard
Citi /AAdvantage Platinum Select World Elite Mastercard is the one of the best to choose from with no foreign transaction fees and $0 charges annually for the first year. It offers 50,000 American airline AAdvantage miles for spending $2500 on purchases or more than that within the first 3 months of opening the account. After first year, the annual charges are $95. They offer a perk of free bag checking at the airports for upto 4 members for the first bag and you can choose your preferred seats on American Airline flights. You are eligible to 25% off on every flight meals and drinks with your credit card. 17.24% – 25.24% of variable APR is applicable per year.

4. Chase Sapphire Preferred Credit Card
Chase Sapphire Preferred Credit Card is the travel credit card for people with excellent credit. They offer 50,000 rewards points if you spend $4,000 or more than that in the very first 3 months of opening the account which can be approx $625 of travel rewards you can redeem anytime. The validity of the rewards points is lifetime. There is zero annual fees for the card in the first year and after that you have to pay $95 annually. They offer 2 rewards points on every restaurant dining or travel booking and 1 point for every other purchase done through it. You can also get 5000 of bonus travel rewards if you add the first authorized user and make a transaction through the card in the first 3 months. You can get 25% of more value if you redeem your points through the Chase card.

5. Bank of America Travel Rewards Credit Card
One of the best travel credit cards for 2018 will be Bank of America Travel Rewards Credit Cards that has zero annual fees. They offer 0% APR for the first one year and after that it varies from 16.24% to 24.24%. You are offered 1.5 unlimited points on every dollar you spent on purchases and the validity of the points is lifetime. The card doesn’t transact any foreign transaction fees. You are eligible to book any trip from any website irrespective of the brand and redeem the points anytime on flight bookings, hotels, cars or additional cashback. They offer 20,000 miles on purchases equal to or more than $1,000 in the first 3 months of opening the account.

Do checkout our post for Best Health Insurances of 2018.