Our recommended credit cards
Whether you’re looking to earn rewards or build your credit, choosing a credit card can be exciting. But it’s a personal decision.
Use our comparison table to find a card that meets your personal and financial goals. Start by choosing your credit score to see the cards you’re more likely to be approved for. Then use the table to sort by credit card features and issuers, narrowing down the right card for your needs.
Compare credit card types
Explore the types of cards available to find one that matches your lifestyle and spending habits.
Types of credit cards
|Balance transfer cards||Save on interest by transferring debt to a card with a lower APR.|
|Rewards credit cards||Earn cash back, points or miles on all your purchases.|
|Travel credit cards||A travel card with no foreign transaction fee and travel-based incentives.|
|0% APR and low-interest credit cards||Save money on interest when transferring balances or making a big purchase.|
|Business credit cards||Build business credit and fund business spending.|
|Secured credit cards||Build or rebuild your credit.|
|Credit cards with no annual fee||Don’t pay to earn rewards or credit card perks.|
7 credit card application tips
Applying for a luxury credit card doesn’t have to be complicated. Consider your personal and financial circumstances against what you’re hoping to get out of your next credit card.
- Assess your needs. Before you begin your search, think about what you want, need and can afford with your future card.
- Compare your options. Once you’ve decided on the type of card you want, it’s time to weigh your options.
- Make sure you’re eligible. Know what’s required for approval. For instance, do you need to meet a minimum income or age limit?
- Know your credit score. Request a free copy of your credit history before applying. Look it over for possible errors, and see exactly what banks see when assessing your application.
- Lower your credit utilization ratio. If you carry balances on other credit cards, try to pay them down before submitting a new application.
- Resist applying for multiple cards within a short time. You may be tempted to apply for a second card, just in case your first one isn’t approved. But each inquiry a provider makes into your credit history leaves a new mark on your credit report for up to five years.
- Be practical. It doesn’t make sense to apply for a card you can’t qualify for. Find one that matches your credit rating, and don’t chase rewards cards if you can’t meet the spending requirements.
How credit cards work
A credit card is a revolving line of credit, allowing you to borrow money to make purchases without cash up front. Credit card companies assign credit limits based on your credit history and what they believe you can repay each month. That limit is the maximum amount of money you can borrow with the card.
Unlike a debit card that uses your own money to make purchases, when you use a credit card, the issuer pays the retailer. At the end of your billing cycle, you receive a statement that includes 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.