Credit cards play a significant role in the purchasing and financial management practices of consumers. They are used for both every day and expensive purchases. It is now normal practice for consumers to seek credit cards with additional advantages that fulfill their lifestyle needs.
The most advantageous credit cards can give you incentives, purchase protection, interest-free financing, and other essential features. When used responsibly, credit cards can also assist in building credit. However, with so many credit cards available, it might be difficult to choose the card that best suits your needs.
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1. Capital One Quicksilver Cash Rewards
| RECOMMENDED CREDIT SCORE | 17.99% – 27.99% variable |
| ANNUAL FEE | $0 |
| REWARDS EARNING RATE | 1.5% cash back on every purchase, every day. |
| INTRO PURCHASE APR | 0% for 15 Months |
| BALANCE TRANSFER FEE | 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR. |
| FOREIGN TRANSACTION FEE (%) | 0% |
WHY WE CHOSE IT
Due to its combination of minimal fees, low interest, and a high rewards earning rate, the Capital One Quicksilver Cash Rewards card is our top overall credit card and the best for cash back. Since there is no annual charge, you do not need to worry about maximizing the card’s value every year to make it worthwhile.
The absence of a foreign transaction fee makes this an uncommon cash-back credit card that’s worth bringing on a trip abroad, and if you’re only going to take one card, this should be it.
2. Capital One SavorOne Cash Rewards
| Capital One SavorOne Cash Rewards | 17.99% – 27.99% variable |
| ANNUAL FEE | $0 |
| REWARDS EARNING RATE | Earn 3% cash back on dining, entertainment, popular streaming services, and at grocery stores, plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023. |
| INTRO PURCHASE APR | 0% for 15 Months |
| BALANCE TRANSFER FEE | 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR. |
| FOREIGN TRANSACTION FEE (%) | 0% |
WHY WE CHOSE IT
The Capital One SavorOne Cash Rewards credit card is a leading candidate for the best credit card overall. It gets unlimited 3% cash back on eating, entertainment, streaming services, and grocery purchases, so whether you’re out with friends or having a quiet evening at home, you’re accumulating extra rewards.
New cardholders receive a $200 cash incentive after spending $500 within the first three months of card membership. In addition, there is no yearly charge, so all cash back earned is yours to keep. The absence of foreign transaction fees will delight travelers, as there will be no unpleasant shocks while making international transactions.
3. Chase Sapphire Reserve
| REGULAR APR (%) | 20.74% – 27.74% variable |
| ANNUAL FEE | $550 |
| REWARDS EARNING RATE | Earn 10x total points on chase Dining purchases with Ultimate Rewards®. Earn 5x total points on flights and 3x on other travel worldwide. Earn 3x points on other dining at restaurants, including eligible delivery services, takeout, and dining out. Plus, earn 1 point per dollar spent on all other purchases. |
| BALANCE TRANSFER FEE | Either $5 or 5% of the amount of each transfer, whichever is greater. |
| FOREIGN TRANSACTION FEE (%) | 0% |
WHY WE CHOSE IT
Due to its attractive one-time point bonus and strong rewards earning rate, the Chase Sapphire Reserve is our top recommendation for travel. Plus, points are 40% more valuable when redeemed for travel through the Chase Ultimate Rewards system, and you can transfer points at a 1:1 ratio to approved hotel and airline partners.
While the annual price is high, the annual travel credit can help justify it if you’re a frequent traveler, and there are various additional travel-related advantages if you don’t want to commit to a specific airline or hotel.
4. Capital One Venture Rewards Credit Card
| REGULAR APR (%) | 18.99% – 26.99% variable |
| ANNUAL FEE | $95 |
| REWARDS EARNING RATE | Earn unlimited 2 miles per dollar on every purchase, plus 5 miles per dollar on hotels and rental cars booked through Capital One Travel. |
| BALANCE TRANSFER FEE | 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR. |
| FOREIGN TRANSACTION FEE (%) | 0% |
WHY WE CHOSE IT
The best travel card runner-up is the Capital One Venture Rewards Credit Card, which gives you 2 miles for every dollar you spend. You can use these miles to pay for all of your travel costs, and there are no blackout dates. Get 2 miles for every $1 you spend, and 5 miles for every $1 you spend on hotels and rental cars booked through Capital One Travel.
When you open a new card account and spend $4,000 on purchases within 3 months, you get a one-time bonus of 75,000 miles, which is worth $750 in travel. The card has a $95 annual fee, but there are no foreign transaction fees and TSA PreCheck or Global Entry application fees are reimbursed up to $100 every four years.
5. Capital One Quicksilver Cash Rewards Credit Card
| REGULAR APR (%) | 17.99% – 27.99% variable |
| ANNUAL FEE | $0 |
| REWARDS EARNING RATE | 1.5% cash back on every purchase, every day. |
| INTRO PURCHASE APR | 0% for 15 Months |
| BALANCE TRANSFER FEE | 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR. |
| FOREIGN TRANSACTION FEE (%) | 0% |
WHY WE CHOSE IT
With this card, you get 1.5% cash back on everything you buy, with no limit on how much you can get. Also, if you spend $500 in the first three months after opening your account, you’ll get a one-time cash bonus of $200. With a 0% intro APR offer, new cardholders will also pay no interest for the first 15 months. There are no annual fees or fees for making purchases in other countries.
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