Credit cards

The Best Credit Cards 2016

Choosing a credit card rather than just randomly picking one may seem like a thankless task, but could be the key to saving you lots of money. There exists no one credit card that performs better in all categories than the rest. What you really want to accomplish with a credit card will go a long way into determining what credit card you choose.

You could choose a credit card based on what best suits your credit situation or a number of several other factors. Factors that could affect what credit card you choose include:

  • Your credit score and credit limit
  • Spending habits
  • Fees and penalties
  • Introductory interest rates
  • Loyalty points or rewards
  • Minimum repayment
  • Annual Percentage Rate

If you want to save money, earn rewards or www.yahoo.com overall great service. Go through this list attentively as research has been thoroughly conducted to ensure you are spoilt for choice.

Chase Freedom Unlimited

This credit card has some very enticing offers that will benefit people with different needs. It has 0% introductory Annual Percentage Rate in your first 15 months after opening your count. This will ensure if you tend to carry balances time and time again or have an irregular income, you don’t suffer from high interest. Other benefits include:

  • You get to earn a bonus of $150 if you reach the $500 mark in your purchases in the first 3 months after opening your account
  • You are able to redeem for cash anytime and any amount.
  • Your cash back rewards will not be subject to expiration as long as your account remains opened.
  • No annual fee is charged

Perhaps its biggest selling point is cash back policy where you automatically receive Unlimited 1.5% cash back on every single purchase you undertake.

Credit cards

Chase Sapphire Preferred card

This type of card is one of the best choices if you happen to be on the heavier side of spending. It has even received a nickname as the “points and gifts” card. It offers the following:

  • You earn a monumental 50,000 points on completing purchases of $4,000 or above in the first 3 months upon opening your account. This can be redeemed to $625 toward travel.
  • By making a purchase or adding the first authorized user in the first 3 months after opening your account, you will earn a remarkable 5,000 points.

Chase Slate

If you desire to use a credit card only for emergencies while you are facing reality of debt especially when you do not have a reliable source of income, this card can be what you are looking for. Besides the 0% Annual Percentage rate for more than a year (to be exact its 15 months), with this card that balance transfer fee is nothing to worry about as you are not charged and you should take this opportunity in the first 60 days after opening your account. Other advantages include:

  • $0 Annual fee
  • Monthly credit score for free
  • Your interest rate is not raised by late payment.

Capital One Spark Cash for Business

If you are an entrepreneur, this card should be quite suitable for you. This card has unlimited rewards and you can simply rack up an impressive cash back. You get to earn 2% back on all completed purchases meaning that every year thousands of dollars go back into your business. Other benefits include:

  • 0% introductory annual fee in the year that you open your account and $59 in the corresponding years.
  • Rewards have no expiration date and you can redeem anytime and any amount.
  • No additional cost in incurred when you get employee cards and you get rewards once their spend on business’ purchases

These might also suit you

  • Chase Ink Business preferred Credit Card that is highly recommended for business owners.
  • Discover it Chrome For Students is suitable for students where no annual fee is charged, introductory rewards for students getting their first account and other benefits are available such as bonuses for up to 5 years, among others.

Conclusion

These are just a few of the credit cards you might have to consider before settling on one. The main aim of this post was to inform you on which credit cards are the best choice for you in 2016 depending on what you are looking to benefit from the most.

The credit cards shown above are not in any order, they are all quite good and very competitive depending on your needs.

 

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