credit cards-whats best?

Question

where is and what is the best credit cards to get?

Answer 1

Shop around. They all have different terms and conditions. Get the deal that suits you best.

Answer 2

That's easy! Have the rewards calculator at http://www.creditcardtuneup.com/ calculate which card(s) will pay you the greatest reward for your spending profile.

I'm assuming you're planning to pay off your balance every month. In that case, all that matters is what the card will pay *you* in rewards. If you're not planning on paying off your balance every month, then I'd recommend that you not get a credit card at all.

All of these other people who are answering your question are just guessing which cards will be best for you, because you haven't actually given them the information they would need (i.e. how much you spend by category and whether you're planning to carry a balance) to really answer your question.


If you want to hear my guesses based on what I know about other peoples' spending profiles, here they are:


Best Single Card

Because most people spend quite a bit on gas, groceries, and drugs (i.e. "EDP" (Every Day Purchases)) and there are several cards that offer 5%+ on EDP, usually a card that offers a 5%+ on EDP and 1%+ on non-EDP will be the single best card. Examples of such cards are the Driver's Edge (6% on EDP for the first year), AmEx Blue Cash (5% on EDP after $6500 YTD spending), and Citi Diamond Preferred Rewards (basically 5% (in ThankYou points) on EDP for first year).


Two-Card Strategy

For someone who's willing to manage two cards, usually the best card to supplement the 5%+ EDP card will be a card that pays 1.5%+ on *all purchases*. For example, the 1.5% Fidelity Visa card.


Three-Card Strategy

If you're willing to manage three cards, then the third card to add to your portfolio will depend on the categories in which you spend the most money. Well, really that's true for even the first and second cards, but the advice I've given up 'til now is *often* optimal, but not always -- it always depends on your spending profile.
Anyway, if you spend a lot at restaurants, then you'll probably want something like the Citi Professional card which pays 3% back at restaurants. If you spend a lot on utilities (and can do so through your credit card), then you might want to check out the Citi Home Rebate card (6% on utilities for the first 12 months). If you spend a lot on home improvement, the Chase Home Improvement Rewards card pays 3% back on home improvement. If you travel a lot, there are other good cards. If you spend a lot on office supplies, other choices. If you spend a lot on internet/web/advertising, still other options. And the list goes on.


Optimal N-Card Strategy

Figuring out the optimal 1 card, 2 cards, 3 cards, etc. for your spending profile actually requires a lot of research and math. The calculator tool at "Credit Card Tune-Up: Maximize Your Cash Back Rewards" ( http://www.creditcardtuneup.com/ ) will do the number crunching for you. It'll estimate your earnings from the best 1 card, best 2 cards, best 3 cards, etc. Then you can decide on the "sweet spot" for the rewards/hassle tradeoff.

Answer 3

I would assume that you will use credit cards wisely and not carry a balance. This way you reap all of the rewards, without it costing you a penny. Credit cards just offer too many advantages over cash to not use them, so don't listen to all of these people who don't know how to use a credit card and therefore recommend everyone stay away from them. Their lack of self-discipline is not your concern.

Avoid cards with annual fees. This is an unnecessary expense, unless you use an airline miles card (like American Airlines for example) or certain American Express cards. Additionally, to adequately leverage your spending habits and turn them into freebies from credit cards, you will probably need at least two cards. For example, you will probably want one card that gives you a high cash back reward on gas purchases, and one that gives you a high reward on "everyday" purchases (such as grocery stores, dry cleaners, etc.). Do your research and weigh what you normally spend your money on versus the benefits offered.

I would recommend a Discover Gas card to start out. Supplement that with shopping rewards card like an Amazon Visa (from Chase) or a Citi rewards card. Take note of how each card "rewards" you, either by points, gift certificates, or cash.

Answer 4

Really depends on how you plan to use the credit facility.
If you plan to leave an outstanding balance on the card each month, then look for a card with a very low apr.

If however you plan to pay the bill each month, then look for a card with bonus payments, points etc.

Answer 5

It depends what you want the card for, if its to buy stuff off the Internet i would get a quidity card from the mirror. Its a top up credit card where you can only spend what you put on it. You don't need to have a bank account & there no credit checks. Just buy a copy of todays mirror newspaper & see for yourself or go to www.360money.com/quidity Good luck

Answer 6

get one with 0%apr for 9-12 months then switch to another. Go to www.supermarket.com for all the best credit cards

Answer 7

I always said I was never going to get a credit card.. yet last year hit a bit of a blip financially and had to give in to the laws of the world and get one...
I got a Tesco one... you can get it easily enough from their website and you can print the pages to sign and send off to them.. less hassle!
It seemed to have incredibly good rates... I've got 0% interest until August 07 and when the interest starts.. it didn't seem too high.. quite reasonable actually.. But hoping to pay it off before I get to the interest rate part! (wishfull thinking eh!)
AND the cool part is you actually get to choose your own design online that is on the card.. (I chose the silver swirls.. incase you're interested!)

But everyone is different... People's different circumstances depend on which one would suite them best... you could try the following website to find a good rate for yourself personally:
www.moneysupermarket.com

Good luck in choosing the right one for you

xx

Answer 8

Right now the best card out is the American Express rewards card with Worldpoints offered by Bank of America. I gives you the best rates and the best rewards.

Answer 9

why not have one with a difference, you get the card, but instead of credit on there, you top it up yourself, its great way of saving and its a mastercard so can be widely used, you top it up with a seperate card at the post office, www.cashplus.co.uk, you pay about £9 for the card as a one off fee, and cant get into debt with it

Answer 10

Any of them that give you 0% interest for a year, then move the balance to another card after that year. I have furnished my house and bought my car on the "plastic" and have never paid a penny in interest.