Top Credit Cards go to Capital One
The newest and best credit cards of 2013 seemed to be ruled by Capital One and its Venture Rewards credit cards. The best credit cards tend to be the ones that have the most rewards and benefits, while having low interest rates and no annual fee. That’s why, coming in first place, would have to be the Capital One Venture One Rewards Credit Card. It has an annual fee of $0 and current APR is 11.9%-19.9%. Some other popular bargains with this card include 1.25 miles per dollar on all purchases, a bonus offer of 10,000 miles on first $1,000 purchase, redeeming of miles for air tickets, no blackout dates and no foreign transaction fees.
Coming in second place is another Capital One Card: Capital One’s Venture Rewards Credit Card. This card has many of the same features as the previous first place winner, however, it offers 2 miles per dollar on each purchase and an annual fee of $59 after the first year. Next is the Capital One Quicksilver Cash Rewards Credit Card. With this card, there is no annual fee and one time $100 bonus after $500 is spent. Cash back doesn’t expire and cash backs can be redeemed for any amount at any time. There are no rotating categories or signups to get the cash rewards.
Noting the popularity of these three cards indicates that the best cards are the ones that offer the most in rewards and benefits, with low APRs. But,with different cards, there are also different factors that can become either less or more important. Take for instance the next card on the list the Discover it card. There is not only a no annual fee, but there is also a no overlimit or transaction fee. There is a generous 5% cash back offer on purchases totaling $1,500 at gas stations throughout and a %1 cash back limit on other purchases. This card also has a special $0 fraud liability guarantee because unauthorized charges will never be a problem for the customer.
The fourth best card is the Citi Simplicity Card. This card has a 0% APR intro on balance transfers for 18 months. There is a small balance transfer depending on the amount that gets transferred. However, what’s great about the Citi card is that there are no late fees, no penalty rate and no annual fee.
Another credit card that just cannot be left off the list would be the Capital One Card Finder Tool. This card has an APR with various rates, good fraud coverage, online banking and mobile apps and the customer can pick the monthly due date that the customer wants.
Even though there are hundreds – even thousands of credit cards out there on the market, matching the right card with the right person may not always be possible. When analyzing card options, customers should focus on a specific type card and then determine the importance of that card’s features.