Credit cards are an essential tool for building credit in the U.S. However, with so many different cards available with so many different features, finding just the right card can be daunting.
To help consumers parse all the complicated offerings, Creditnet this week released its list of best credit cards for everyday use.
The concept behind the list is that consumers who know how to use credit cards responsibly can use them for nearly everything and gain significant rewards for doing so. In the spirit of this theme, the top three cards chosen by the website all offer cash back or rewards points that consumers can spend on nearly anything they want.
The first credit card cited by Creditnet is one that comes up on many best-of credit card lists – the Discover it. Offering a 0% APR for 14 months on purchases and balance transfers, the it allows consumers to ease into credit card use with lenient early terms. Added to this is the card’s cash back program, which gives consumers 1% back on all purchases and 5% on specific categories that rotate throughout the year (usually things such as gas, groceries, movies, or restaurants). With no annual or limit overage fees, the Discover it is a flexible credit card for those who use credit cards often.
The second card mentioned by Creditnet is the Barclaycard Rewards MasterCard. Though the Barclaycard requires cardholders to have at least an average credit score, the card provides consumers with rewards points for use. Cardholders recieve one reward point for every dollar put on the card and two points for every dollar spent on gas, groceries, and utilities. The rewards points can be used to pay for purchases, in addition to other offerings.
The third general-use credit card cited by Creditnet is the Citi ThankYou Premier Card. Like the other cards, the ThankYou provides cardholders with rewards, in this case called “ThankYou Points.” Consumers earn one ThankYou Point for every dollar spent on the card, two ThankYou Points for every dollar spent on airfare or hotels, and three ThankYou Points for every dollar spent at restaurants or entertainment establishments.
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