Best Credit Cards for Everyday Spending
Using a credit card for your everyday spending can be a great way to earn rewards, build your credit, and manage your finances. With so many credit cards on the market, it can be difficult to choose the best one for your everyday needs. In this article, we’ll explore some of the best credit cards for everyday spending in various categories such as cashback, travel rewards, and low-interest rates.
1. Cashback Credit Cards
– Citi Double Cash Card: This card offers 2% cash back on every purchase – 1% when you buy and another 1% when you pay off the balance. There’s no annual fee, making it an attractive option for those who want to earn on their everyday spending.
– Discover it Cash Back: The Discover it Card offers 5% cash back on rotating categories (up to a quarterly maximum) and 1% cash back on all other purchases. The card also has no annual fee and doubles your cashback at the end of your first year as a cardholder.
2. Travel Rewards Credit Cards
– Chase Sapphire Preferred Card: This card offers 2X points on travel and dining purchases and 1X points on everything else. The sign-up bonus is generous, providing you with a good head start on earning travel rewards. The annual fee is $95.
– Capital One Venture Rewards Card: Earn unlimited 2X miles per dollar spent on every purchase, with no cap or expiration date. This card also offers a one-time bonus of 60,000 miles if you spend $3,000 within the first three months. The annual fee is $95.
3. Low-Interest Rate Credit Cards
– American Express Blue Cash Everyday Card: This card offers no annual fee and provides an intro APR of 0% for 15 months on purchases and balance transfers. It also offers cashback rewards, with 3% at U.S. supermarkets (up to $6,000 per year), 2% cash back at U.S. gas stations and select U.S. department stores, and 1% cash back on all other purchases.
– Chase Freedom Unlimited: In addition to offering an intro APR of 0% for 15 months on purchases and balance transfers, the Chase Freedom Unlimited card earns 1.5% cash back on every purchase. There’s no annual fee, and the card also offers bonus cash back in certain categories.
Before choosing a credit card for everyday spending, consider your financial goals and habits. Do you travel frequently and want to earn rewards toward future trips? Are you focused on earning cashback on everyday purchases? Does a low-interest rate matter more to you? By understanding your priorities, you’ll be better equipped to find the best credit card for your everyday spending needs.