Best Credit Cards For Right Now

credit: danesparza

Credit cards often have a bad reputation for charging high fees and writing far too many details between the lines. However, your credit score and a bit of knowledge on the best credit cards available now can score you a great deal.

• Discover More Card: Far from the norm, Discover still offers 0% interest for 12 months on all balance transfers, in addition to a maximum $74 for balance transfers. After the initial grace periods, interest begins at 10.99%.
• Blue Cash from American Express: After an initial $6,500 of yearly spending, this card guarantees you some serious cash back: 5% on groceries, drug stores, and gas, 1.5% on everything else. Now that’s something you can bank on.
• Chase Freedom (Visa or Mastercard): These cards give you 3% cash back on the 3 categories in which you spend the most. After you hit $600 in eligible purchases, your cash back rate falls to 1%. Interest starts at 15.25%.
• CitiPremierPass: This card gives you 1 point for every $1 spent, and additionally 1 point for every 3 miles that a companion flies on a ticket that you bought. Interest rates start at 10.24%.
• Fidelity Investment Rewards Visa: Receive a point for every dollar spent, and after each $5000 points, your card will deposit $75 in a the Fidelity account you choose. That’s the equivalent of 1.5% cash back, which is only made sweeter by the 14.99% fixed interest rate.
• Any local bank or credit union card: Big, national credit cards often have disgruntled customers, especially over fees charged. Your local bank or credit union will likely have more consumer-friendly policies, often saving you more in the long run.

Tags: American Express | Banks and Banking | Chase | Citi | Credit & Debit Cards | Credit Union | Discover | Finances | Saving Money