Monday, 5 December 2011

Which Is the Best Credit Card for You?

How you choose the best credit card for you depends on how you want to use the card, your individual credit situation, and whether or not you want to use the card for business or personal expenses.

If you have excellent credit, the best credit card for you could be the Chase Freedom Visa. This card offers cash back on purchases, and doesn't have an annual fee. If you use it for shopping and make frequent purchases, you can accumulate rewards for future use with the Chase Freedom Visa.

For credit that's less than excellent, but still good, the best card for you to consider is the Capital One Venture One Rewards card. The Capital One Venture One card has no annual fee, similar to the Chase Freedom Visa. This is also a good card for those who enjoy traveling. The Capital One Venture One Card offers rewards miles for rental cars, hotel and lodging, air travel and more.

You may have fair credit along with many other people. Sometimes when consumers are just starting out, they haven't built up enough credit to move out of the "fair credit" category. The best card for you if you have fair credit is the Capital One Cash Rewards for Newcomers Card. This card is developed especially for the new consumer, fair credit customer. It offers two percent of what you spend as a cash back reward, and has no annual fees. It also reports to the credit bureaus on your successful payments, so you will soon build up better credit.

In today's economy, it's very understandable that a person could have bad credit. If you've suffered setbacks, you need to think about rebuilding your credit. The best credit card for you under bad credit circumstances may be the Capital One Secured MasterCard. This card will provide you with credit convenience and freedom based on a $300 deposit balance. As long as you maintain your balance and pay the bills the card will continue to provide you with convenient service, and help you toward rebuilding your credit.

If you truly are starting out and have zero credit, a prepaid card could be the best credit card for you. You pay for the prepaid credit card in advance, which gives you the ability to track your spending and stay on budget. The Netspend Prepaid MasterCard is a prepaid credit card that has no credit check. Netspend guarantees approval for the card, which is based on the amount you put on the card in advance.

For business purposes, the best credit card for you could be the American Express OPEN card. The fee for the American Express OPEN card for business is waived for the first year, and is $175 a year from then on. You pay no interest as long as you pay your balance in full between 30 and 60 days. You also receive business reward points that can add up over time and give you additional purchasing power.

Choosing the best credit card for you depends on your credit and financial circumstances, and whether or not you plan to use the card for business. These choices are all excellent for different credit needs. Research carefully before choosing the best credit card for you online at MyReviewsNow.Net

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