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Finder.com’s free service makes comparing credit cards simple. To help you find the best credit card for you, we’ve organized our comparison by card type, card features, and card provider. Whether you’re after a card with a low interest rate, a balance transfer option or a rewards card, we make comparing easy.

Compare credit cards

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Name Product Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
$0
14.74%, 18.74% or 24.74% variable
0% for the first 15 months (then 14.74%, 18.74% or 24.74% variable)
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees
$0
12.74%, 16.74% or 20.74% variable
0% for the first 18 months (then 12.74%, 16.74% or 20.74% variable)
An 18-month 0% Intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card. See Rates and Fees
$495
16.74% variable
0% for the first 15 billing cycles (then to variable)
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
$195
16.74% variable
0% for the first 15 billing cycles (then to variable)
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
$995
16.74% variable
0% for the first 15 billing cycles (then 16.74% variable)
Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
$39
24.74% variable
Designed to help build credit history with no deposit required and access to benefits.
$75 annual fee for the first year ($99 thereafter)
23.9% variable
With this card you get a 23.9% Variable APR.
Up to
19.74% to 25.74% variable
Get 1% cash back rewards on eligible purchases including gas, groceries, and services such as mobile phone, internet, cable and satellite TV, terms apply.
$0
14.74% to 25.74% variable
0% for the first 15 months (then 14.74% to 25.74% variable)
Earn 10,000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months.
$0
14.99% to 24.99% variable
0% for the first 12 statement closing dates (then 14.99% to 24.99% variable)
Earn more cash back for the things you buy most.
$0
14.74% to 25.74% variable
0% for the first 15 months (then 14.74% to 25.74% variable)
Snag a $150 bonus statement credit after you spend $1,000 in the first 3 months
$0 annual fee for the first year ($95 thereafter)
17.74% to 24.74% variable
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
$450
17.74% to 24.74% variable
Earn 50,000 BONUS POINTS after spending $4,000 on purchases in the first 3 months from account opening* — that's $750 toward travel when you redeem through Chase Ultimate Rewards®.
$95
14.74% to 24.74% variable
0% for the first 12 months (then 14.74% to 24.74% variable)
15,000 Membership Rewards points after you spend $1,000 in the first 3 months of opening your account
$0
16.74% to 25.49% variable
0% for the first 15 months (then 16.74% to 25.49% variable)
Earn unlimited 1.5% cash back on every purchase - it's automatic. No minimum to redeem for cash back.
$95
17.74% to 24.74% variable
Earn unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases.
$0
14.74%, 20.74% or 24.74% variable
0% for the first 15 months (then 14.74%, 20.74% or 24.74% variable)
Earn unlimited 1.5% cash back on every purchase, every day
$0
16.74% to 25.49% variable
0% for the first 15 months (then 16.74% to 25.49% variable)
Earn 5% Cash back in bonus categories up to $1,500 every quarter. Earn 1% Cash back on all other purchases.
$0
16.74% to 24.74% variable
for the first 12 months (then 16.74% to 24.74% variable)
An intro offer rewards cardholders with a $250 value (25,000 online bonus points) after spending $1,000 within the first 90 days of account opening
$0
16.74% to 25.49% variable
0% for the first 15 months (then 16.74% to 25.49% variable)
Jumpstart your financial fitness! 60 day introductory balance transfer offer, save on interest, and get your free monthly credit score.
$0 annual fee for the first year ($95 thereafter)
14.74%, 21.24% or 24.74% variable

Compare up to 4 providers

Name Product Introductory Balance Transfer APR APR (Annual Percentage Rate) for Purchases Annual Fee Minimum Credit Score
0% for the first 15 months (then 14.74%, 18.74% or 24.74% variable)
14.74%, 18.74% or 24.74% variable
$0
Fair (660-699)
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees
0% for the first 18 months (then 12.74%, 16.74% or 20.74% variable)
12.74%, 16.74% or 20.74% variable
$0
Fair (660-699)
An 18-month 0% Intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card. See Rates and Fees
0% for the first 15 billing cycles (then to variable)
16.74% variable
$195
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
0% for the first 15 billing cycles (then to variable)
16.74% variable
$495
Good (700-739)
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
0% for the first 15 months (then 14.74% to 25.74% variable)
14.74% to 25.74% variable
$0
Fair (660-699)
Earn 10,000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months.
0% for the first 15 months (then 14.74% to 25.74% variable)
14.74% to 25.74% variable
$0
Fair (660-699)
Snag a $150 bonus statement credit after you spend $1,000 in the first 3 months
0% for the first 12 months (then 14.74% to 24.74% variable)
14.74% to 24.74% variable
$95
Fair (660-699)
15,000 Membership Rewards points after you spend $1,000 in the first 3 months of opening your account
0% for the first 12 months (then 14.74% to 25.74% variable)
14.74% to 25.74% variable
$95
Fair (660-699)
Earn $200 bonus cash back after you spend $1,000 in the first 3 months
0% for the first 15 months (then 16.74% to 25.49% variable)
16.74% to 25.49% variable
$0
Fair (660-699)
Jumpstart your financial fitness! 60 day introductory balance transfer offer, save on interest, and get your free monthly credit score.
0% for the first 15 statement closing dates (then 14.74% to 24.74% variable)
14.74% to 24.74% variable
$0
Fair (660-699)
Transfer high rate balances and save on interest with an Introductory $0 balance transfer fee for the first 60 days your account is open. After that, the fee for future balance transfers is 3% (min. $10).
0% for the first 15 months (then 16.74% to 25.49% variable)
16.74% to 25.49% variable
$0
Fair (660-699)
Earn unlimited 1.5% cash back on every purchase - it's automatic. No minimum to redeem for cash back.
0% for the first 12 statement closing dates (then 14.99% to 24.99% variable)
14.99% to 24.99% variable
$0
Good (700-739)
Earn more cash back for the things you buy most.

Compare up to 4 providers

Name Product APR (Annual Percentage Rate) for Purchases Welcome Bonus Interest Free Period
19.14% variable
Up to 25 days
A secured Visa® credit card that helps you build your credit quickly.
9.99% fixed
Up to 25 days
Low fixed interest rates with no penalty rate.
10.24% variable
Up to 25 days
9.99% fixed
This secured card can help you rebuild your credit with an initial deposit of $200 to $1,000.
20.24% variable
Up to 25 days
17.99% fixed
Up to 25 days
Borrow up to $10,000 and get your credit score back on track.
14.99% variable
Up to 25 days
26.24% variable
Up to 25 days
13.99% fixed
Up to 25 days
Have little or poor credit? The primor® Secured Mastercard® Classic has no minimum credit score requirements and no processing or application fees to worry about.
9.99% fixed
Up to 25 days
Fast, easy application process. No processing or application fees!
13.99% fixed
Up to 25 days
Credit lines available from $200 to $5,000! You decide where you want to start and open your Personal Savings Deposit Account to secure your line.
17.99% variable
Earn 5,000 miles after your first purchase
Up to 24 days
Earn SKYPASS miles while building your credit history in the United States.
13.74% variable
Up to 21 days
Created to help you establish or rebuild credit.
36% variable
Up to 27 days
Easy Online Application! Your account history reports to the major Consumer Reporting Agencies.

Compare up to 4 providers

Name Product APR (Annual Percentage Rate) for Purchases Annual Fee
24.65% fixed
A no annual fee credit card and discounts when you shop at Target.
See issuer's website
$0
The Fingerhut Credit Account is store-specific, and used to finance purchases made from Fingerhut.com or Fingerhut FreshStart's catalogue.
See issuer's website
Helps you keep building your credit as you buy great name brand products.
See issuer's website
Get instant access to purchase items in the Fingerhut store with no overlimit fees.
$0
Get a $500 credit limit to make purchases on the Horizon Outlet website.
$0
Looking for the best card? You can have it while you build your credit with Horizon Card Services. Get an unsecured line of credit and the best customer service!
Shop the items you need at myuniqueoutlet.com with up to a $1,000 credit.
$0
Get a $300 to $5,000 instantly to shop 100,000+ items at Emporium.
24.65% variable
$0
28.74% variable
annual fee for the first year ($0 thereafter)
6, 12, 18, and 24-month financing options available and special promotions just for cardmembers.

Compare up to 4 providers

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How credit cards work

A credit card is a revolving line of credit, allowing you to borrow money to make purchases without having to put up collateral (upfront cash). Based on your perceived ability to make repayments, credit card companies assign a credit limit, which is the maximum amount of money you can borrow.

Unlike a debit card that uses your own money to make purchases, when you use a credit card, it is the lender who pays the retailer. At the end of your billing cycle, you receive a statement and that tells you the total amount you owe the lender for that period. Credit card companies make money on fees and the interest that accrues on your revolving credit.

How does credit card interest work?

Interest is a fee you pay to a lender for the amount of money, or credit, you borrow. The amount of interest you pay for borrowing is set at a percentage rate determined by your credit score. Without interest, lenders wouldn’t have much incentive to lend money.

Each month, you’ll receive a statement that will detail the transactions you’ve made, the total outstanding balance you have and any interest you’re accruing.

Here are a few different types of interest:

As you spend on your credit card, your debts will also begin to collect interest if you’re unable to pay the whole balance back by the end of the statement or interest-free period. If you’ve used your card for purchases, it will start collecting interest.
This is called an APR, or annual percentage rate, and it usually hovers between 11.99% and 20%.
If you’ve used your card for an ATM withdrawal or any other transaction that’s considered a cash advance, you’ll accrue the cash advance rate of up to around 22%.
If you decide to transfer your debt from one card to another — maybe another card offers a better APR — you’ll also accrue a balance transfer interest rate, which is usually the same as either the interest rate or cash advance rate.
Some cards do offer 0% promotional periods on purchases and balance transfers, so this is something to keep in mind during your comparison.

How to avoid paying interest on purchases

When you pay your entire balance in full, you can usually take advantage of a grace period in the next billing cycle. If you don’t pay your entire balance in full, the remainder will start to collect interest.

While you’re only required to pay a minimum repayment each month — 2% to 3% of your total balance — it’s best to pay as much as you can.

8 types of credit cards

There are many types of credit cards designed for different types of users. Credit card companies target these specific individuals by offering tailored rewards, sign-up bonuses and travel perks to entice users to spend with them.

These are the eight categories credit cards are broken down into:

  1. 0% APR and low interest cards

    0% APR or low interest credit cards come with little or no interest on purchases during promotional periods that can run as long as 21 months. That equals big savings on interest if you’re the type of person who carries a balance from month to month.

  2. “Bad credit” cards

    Credit cards made for users with bad credit are typically either secured credit cards or prepaid credit cards. Both types of cards require cash upfront in order to load funds for spending. People with bad credit scores usually find it difficult being approved for other cards, so they have to rely on “bad credit” credit cards.

  3. Balance transfer cards

    These credit cards offer people the opportunity to transfer a balance from a credit card with a high interest rate to one with a lower interest rate. Balance transfer credit cards can help users save a good amount of money that they would’ve paid on interest.

  4. Business cards

    Designed for business use, a business credit card comes with perks and rewards that are specific to small businesses needs. Using a business credit card is an effective way to keep your personal and business expenses separate.

  5. Cash back

    A cash back credit card rewards your spending with cold hard cash. The amount of cash back you earn is set a percentage rate. There will either be a cap on on how much you can earn or be unlimited. Cash back can be redeemed as a statement credit towards your balance, in a credit card shopping portal, as a gift card or in a deposit to your bank account.

  6. Rewards cards

    These cards let you earn points for your purchases. Sometimes all of your spending is rewarded, other times you’ll have to spend in a bonus category to earn rewards. Because there are different reward structures, you have flexibility with how you redeem your points.

  7. Secured cards

    A secured credit card works just like a regular credit card, however, you’re required to put down a security deposit that acts as your line of credit. Typically these cards are used by people trying to build their credit or repair their credit.

  8. Travel cards

    Made for the traveler, a travel credit card lets you earn miles on your purchases, and they often come with greater rewards for your travel related purchases. You can cover your airfare, book hotels and much more with your miles. You’ll find that some of these cards are branded by hotels or airlines and allow you to maximize your rewards when spending directly with them.

The best credit cards of 2018

Comparing credit card features

Most popular credit card features

Balance transfers

Consolidate an existing debt at a lower APR with a balance transfer card.

  • Manage your debt. The longer the low or 0% balance transfer APR lasts, the more you’ll save.
  • Beware of the revert rate. When the introductory low or 0% APR ends, you could find yourself confronted with a much higher interest rate.

Making the most of balance transfers

Rewards

Rewards can be a worthwhile way to get something back from your spending. Whether you’re a frequent flyer, loyal customer or big grocery spender, you can find a rewards credit card to suit almost any lifestyle.

  • The major draw of this type of card is earning points that can be redeemed for rewards. Depending on the card you use and the promotions in place, you may be able to earn bonus points when making certain types of purchases or shopping with a particular retailer.
  • What you can redeem your points for will vary from card to card. Some allow you to redeem points for flight rewards as well as shopping or travel vouchers. Others can be used for cash back, to redeem merchandise or even to donate to charity.
Your guide to rewards credit cards

0% APR

If you’re looking for a card that can lead to significant savings on interest, a 0% APR credit card could be the right choice for you.

  • 0% APR credit cards allow cardholders to take their time when paying off larger purchases or consolidating existing debt.
  • If the 0% APR is only in place for an introductory period, the revert rate could be significantly higher. These cards often require applicants to have a good credit history as well.
All about 0% APR credit cards

Low interest

A low interest credit card allows cardholders to repay their debts at a lower APR than your standard card. Depending on the card, the length of the low interest period may vary from an introductory period to the life of the card.

  • If you struggle to repay your balance each month, low interest cards can help you reduce the costs of your card.
  • The advantage of low interest usually comes at the cost of forfeiting the extra features that a premium or platinum card may offer, such as a rewards program, complimentary rental car insurance or other extra perks.
How to choose a low-interest credit card

No annual fee

A no annual fee card doesn’t charge a yearly fee. Some cards have this as an ongoing deal; others will waive the standard fee for the first year of using the card.

  • Not having to pay an annual fee can result in savings each year.
  • If the annual fee is only in place for a promotional period, there may be a high annual fee when it reverts to the standard rate.

A guide to the no annual fee credit cards

That really depends on what you’re planning to use your credit card for. There’s no such thing as a single best credit card because each person’s situation can be completely different.

Here a few examples of common situations that can help guide you towards the right credit card.

How you plan to use your credit card…

Type of credit card to apply for…

Refinance or consolidate other credit card debt A credit card that has 0% APR on balance transfers.
Get rewards on all purchases A credit card that has cash back or rewards for every purchase.
Build your credit A credit card that reports activity to all three bureaus and offers free credit scores.
For business expenses A business card the has rewards in line with your business spending.
Traveling in foreign countries A travel card with no foreign transaction fee and travel based incentives.
Carry a balance from month to month A credit card with 0% or low interest.
Reduce chances of being denied A secured credit card.
Not often A card with no annual fee with terms that are suitable for you.

What are the costs of a credit card?

  • Repayments. You’re free to repay as much as you like as often as you like. You’re required to make the minimum repayment when your statement is issued. The minimum repayment is usually 2% of your outstanding balance. You will pay a late payment fee if you don’t make the minimum repayment by the statement due date.
  • Annual fee. This is the cost to own a credit card. The annual fee ranges from $0 to hundreds of dollars depending on the credit card type. The credit card annual fee is deducted from your available credit and accrues interest at the purchase rate if it isn’t paid in the first statement period.
  • Interest rates. Interest is the price you pay to borrow money. Credit card interest rates are much higher than other types of finance because credit cards are an unsecured product; financial institutions have no recourse to take your assets if you default on your repayments.
  • Other fees. Other fees you may run into include late payment fees, overlimit fees (a fee for spending past your credit limit), rewards program membership fees and cash advance fees.

7 credit card application tips

While applying for a credit card doesn’t have to be complicated, it can come with certain risks.

  1. Assess your needs. Before you begin your search, spend some time considering what you want, need and can afford with your next credit card.
  2. Compare your options. Once you’ve decided what type of card you want, it’s time to begin comparing your options.
  3. Are you eligible? Know the requirements for the card application – do you need a minimum income, and do you meet the age limit?
  4. Know your credit score.You should request a free copy of your credit history before applying, so you can correct any possible errors on it and see exactly what the bank will be seeing when they assess your application.
  5. Lower your credit utilization ratio.If you already have a credit card balance, it’s wise to pay off your existing balances before submitting a new credit card application.
  6. Don’t apply for multiple cards at once or within a short period.You may be tempted to apply for a second card just in case your first one doesn’t get approved, but don’t. Each credit enquiry that a lender makes about your credit history leaves a new mark on your credit file for five years.
  7. Be practical. Look for a card that matches your credit rating. It doesn’t make much sense to apply for a card that you may be denied for. Also, don’t chase reward based credit cards if you can’t meet the spending requirements.

Complete list of credit card application tips

How to use a new credit card

Getting a new credit card is exciting for sure, however, there are some important things you should know before you swipe your plastic.

  1. Activate your credit card. When you receive your new card, there will likely be a sticker on the front side with directions for activating it. The two most common methods to activate a new credit card are either by phone or online.
  2. Understand the terms and conditions. Know the fees, interest rates and any other costs that come with your credit card so you aren’t hit with any extra charges by surprise.
  3. Pay attention to your credit limit. Experts recommend to keep a credit utilization ratio of less than 30%. So if you have a credit card with a $5,000 limit, try to keep your balance below $1,500 so you don’t damage your credit score.
  4. Know when the promotional rate ends. A lot of new credit cards come with 0% or lower than usual interest rates for a limited period of time. Mark on your calendar when the promotional rate expires so you can pay off your balance in full to avoid being hit with the reverted interest rate.
  5. Get familiar with the rewards program. Learn how you can benefit the most from your spending. Some credit cards reward you for all purchases, yet others only earn points when you spend in specific categories. Also some reward programs require you to register or sign up in order to earn, so don’t forget to do that.
  6. Sign up for an online account. Having access to your account online can simplify how you manage your credit card activity. With an online credit card account, you can make payments, keep tabs on your spending and regularly check your balance. Some credit cards even have an app for your mobile phone so you can monitor your account on the go.
  7. Choose if you’d like paperless billing. Most credit card companies will give you the option to get a paperless statement opposed to a bill in the mail every month. With paperless statements, you receive an email alerting you that your bill is ready and then you can log on to your online account to take care of it.
  8. Set up autopay. To ensure you never miss a monthly payment, you can link your bank account to your credit card account. This way, an automatic payment is drawn from your checking or savings on a set date each month so you never have to worry about incurring a potential late payment fee.
  9. Keep your credit card safe. Be careful with your credit card information and the physical card itself. Store it in your wallet or purse and know where it is at all times. Protecting your account information is a key factor in preventing credit card fraud.

How does my credit score impact my ability to get a credit card?

Here’s a rule of thumb: The higher your credit score, the more likely you’ll be approved for a credit card.

The three major credit bureaus — Equifax, Experian and TransUnion — use proprietary factors and complex equations to determine your credit score. Lenders often use your score to decide whether to approve you for new credit cards.

Guide to understanding your credit score

When applying for a strong unsecured card, you’ll typically want a good to excellent credit score of 670 to 850. If your score falls below that range, you may be limited mostly to secured cards and cards for customers with bad credit — also known as subprime cards.

Secured cards vs. unsecured cards: What’s the difference?

Here are a few important factors that affect your credit score and, in turn, your approval odds:

  • Credit utilization ratio. This is the amount of credit you’re using relative to your total available credit. Lenders want to see low credit utilization — it implies you manage debt responsibly and are unlikely to default on your payments.
  • Payment history. One of the best ways lenders can predict whether you’ll make payments on time is to check whether you’ve already been doing so with other debt.
  • Length of credit history. Card providers can more accurately predict how reliably you’ll make payments if you have a long credit history.

Bottom line

Getting a credit card can help you build a healthy credit profile which will come in handy down the line when you need to take out a personal loan, home loan or some other large form of finance.

Make sure the credit card you apply for is suitable to your needs and that you understand the terms and conditions to ensure you’ll borrow responsibly.

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2 Responses

  1. Default Gravatar
    LenaOctober 2, 2017

    As a pensioner can i apply for a loan?

    • finder Customer Care
      JudithOctober 3, 2017Staff

      Hi Lena,

      Thanks for contacting finder, a comparison website and general information service.

      Yes, you may apply for a loan. To find out more about about loans for people on pension, you can access this page.

      Here are the loan options that you can consider. On the table, you can also click a provider’s name to read reviews of some of the brands that may consider your application.

      I hope this helps.

      Regards,
      Judith

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