You have several choices how to attack your credit card debt. No matter which strategy you choose, remember to always make at least the minimum payment on all your credit cards to avoid additional penalties and fees. Don’t skip payments. It can be intimidating to tackle your credit card debt if you focus on the total amount due. Instead, think about your credit card debt in smaller amounts, such as by each credit card……….
Whether you want straight cash back or points or miles you can use for travel, there are great options for those with good credit.
If you have stellar credit, you want a card with the most competitive offer. After all, if your credit qualifies you for the best, you deserve the best. With so many credit card offers, it’s hard to determine which cards are worth their salt. To help, we’re detailing the top 7 cards for those with good to excellent credit (usually considered a credit score of 700 or higher). Keep reading to find the perfect addition to your wallet.
With the highest intro bonus of any cash back credit card we’ve reviewed (cardholders who spend $3,000 on purchases within the first 3 months from account opening will get a hefty $500 bonus!), the Capital One Savor Cash Rewards Credit Card is hard to beat. It earns an uncapped 4% cash back on dining and entertainment (movie theaters, tourist attractions and more), 2% cash back at grocery stores and 1% cash back on all other purchases. There are also no foreign transaction fees and no annual fee for the first year (then it’s $95).
Discover it Cash Back earns 5% cash back on rotating categories every quarter you activate (up to the quarterly maximum, currently $1,500, then it’s 1%) and 1% cash back on other purchases. Discover will match all of the cash back new cardholders earn at the end of their first year, meaning if you earn $300 in the first year, Discover will match that $300 for a total of $600 back! The Discover it Cash Back card has a long 0% intro APR period and requires average to excellent credit (a credit score of 670 or higher) for approval — click “Show Details” to see more.
If you prefer a straightforward low APR credit card, the Wells Fargo Platinum Visa Card is right for you, as it offers an 18-month 0% intro APR on purchases and balance transfers (with an intro balance transfer fee of 3% for 18 months, then it’s 5%). This card also comes with no annual fee and free access to your FICO credit score. On top of that, those who use their Wells Fargo Platinum Visa Card to pay their monthly cell phone bill will receive up to $600 phone protection against covered damage or theft (with a $25 deductible per claim and a maximum of 2 claims per year).
The Bank of America Cash Rewards credit card offers a $200 bonus to cardholders who spend $500 on purchases in the first 90 days — that’s like earning 40% cash back on the first $500 spent! On top of that, you’ll earn 3% cash back on gas and 2% cash back at grocery stores and wholesale clubs (up to the first $2,500/quarter on gas/grocery/wholesale club purchases). Cardholders will also earn 1% cash back on all other purchases and pay no annual fee. Click “Show Details” to learn about the card’s 0% intro APR period, the customer bonus opportunity and more.
The Citi Double Cash Card offers an 18-month 0% intro APR on balance transfers (with a 3% balance transfer fee, $5 minimum). On top of that, you’ll earn 2% cash back on all purchases: 1% cash back when you make a purchase and another 1% when you pay for the purchase. The cash back rewards do not apply to balance transfers, but we don’t think it is that big of a deal since the card has so many other strong features, like the long 0% intro APR on balance transfers. The Citi Double Cash Card also has no annual fee and offers free monthly FICO scores.
Travel is easy with the Capital One Venture Rewards Credit Card. That’s because this card not only earns an unlimited 2X miles on all purchases, but it also offers 50,000 bonus miles — that’s worth $500 in travel — to cardholders who spend $3,000 on purchases in the first 3 months from account opening. Plus, cardholders will earn an unlimited 10X miles when they book through Hotels.com/Venture through Jan. 31, 2020 and pay no foreign transaction fees and no annual fee for the first year (then it’s $95).
The Citi Simplicity Card – No Late Fees Ever (a NextAdvisor advertiser) offers a whopping 21-month 0% intro APR on balance transfers. The balance transfer fee is a bit higher at 5% with a $5 minimum (other cards usually charge 3%), but 21 months is the longest 0% intro APR we’ve seen, usually making the fee worth paying. Cardholders will also get a 12-month 0% intro APR on purchases. Rounding things out are no annual fee no late fees and no penalty APR, which means paying late won’t increase your APR.
This business card is offering a staggering 200,000 miles with its current sign-up bonus — but you’ll need to do some serious spending to earn that full amount. You’ll earn 50,000 miles when you spend $5,000 in the first 3 months, and another 150,000 miles after you spend $50,000 in the first 6 months. Clearly, this offer is tailored to established businesses with significant expenses that can easily meet that $50,000 spending requirement. But if your company’s able to meet both tiers of spending requirements, you’ll walk away with a stellar 300,000 miles, factoring in the additional 100,000 miles you’ll earn by spending $50,000, since the Spark Miles card earns 2x on all purchases…………….
Now that you can almost smell the turkey roasting in the oven, you might be in the mood to shop: NerdWallet’s 2018 Holiday Shopping Report found that the nation’s consumers plan to spend an average of $776 on gifts this year, which is $116 more than they said they planned to spend last year. They’ll also be buying more of those gifts with credit cards — almost three-quarters of shoppers surveyed said they plan to buy presents with a credit card, while just 58% of shoppers said that last year. They estimate it will take them just over three months to pay off those purchases. Meanwhile, more than 1 in 4 people who purchased gifts with credit cards last year are still paying off those balances today………..
You have plenty of choices if you’re looking for a premium credit card, but The Platinum Card® from American Express is one of the top options for several reasons. The $550 annual fee may seem intimidating at first, but the card’s travel and lifestyle benefits offer thousands of dollars in value. TPG values the 60,000 Amex points you’ll earn after spending $5,000 in the first three months at whopping $1,140, which alone more than makes up for the first year’s annual fee……..