Credit Cards –Â can be a good way to do your everyday spending. Â If you lose your cash, it’s lost. Â If you lose your credit card, you can call and cancel the card. Â They will even refund any fraudulent charges that you may have incurred. Â Credit cards will also give you rewards for your purchases. Â These rewards range from cash or statement credits, gift cards, miles, or merchandise. Â The best cards offer anywhere from 1-5% back for your purchases. Â It is important to pay off your credit card every month so that you don’t have to pay interest. Â Most cards have interest rates that are in excess of 16% and it is never worth wasting your money paying this interest. Â So if you plan on using credit cards, make sure that you can pay it off every month. Â As long as you can do that, enjoy 1-5% back on all ofÂ your transactions.Â Below I have summarized a few of my current top picks.
Top Credit Cards by Need
0% InterestÂ –Â Capital One Platinum PrestigeÂ credit card is offering 0% on all purchases and balance transfersÂ until March 2013.Â Â Citi Diamond PreferredÂ offers 21 months of 0% interest for purchases and balance transfers.Â Many other cards offer 0% for 12 months.Â
Student CardÂ -Â Discover Student CardÂ offers credit to 18-25 year olds who attend college. Â The card only requires fair credit and offers $25 after you make a purchase within the first 3 months, as well as 0% interest for 6 months. Â
Business CardÂ – TheÂ Chase Ink Credit CardÂ offers $250 after spending $5000 in the first 3 months.Â Â Earn 5% back on office supplies, phone services, and cable,Â 2% back on gas and dining,Â 1% back on everything else.
Bank of America Cash Rewards for BusinessÂ offers 3% back on gas and office supplies,Â 2% back at restaurants, andÂ 1% back on everything else.Â
The best part aboutÂ these cards, none of themÂ have an annual fee! Â There are very few cases where an annual fee should everÂ be considered.Â Â Â There are a lot of credit cards out there, but in my opinion these are the best.