When you’re looking for a new credit card, it can be hard to sort through all the options. There are so many different cards with different rewards and benefits.
How do you know which one is the best for you? Let’s face it, picking the right credit card can be tough. Between all of the different types of cards with their own unique rewards programs and special perks, it’s almost impossible to know which card is best for your needs.
But don’t worry – we’ve got you covered! That said, there are a few things you should keep in mind when picking a new credit card. We’ve outlined them all here in this helpful guide on the best credit cards for 2022:
What to Look for in a Credit Card
A credit card’s interest rate and introductory APR – The two most important factors when considering a new credit card are the card’s interest rate and the introductory APR.
Credit card interest rates can vary greatly, so it’s important to look at the rates each card offers before you decide on one. Most cards also offer a 0% introductory APR on new purchases for the first few months.
It’s crucial to pay off your entire balance before that rate goes up since credit cards with high APRs can be extremely expensive if you don’t pay them off quickly.
Credit card rewards program – One of the best reasons to get a credit card is the rewards program. Unless you want to just go with a basic card that gives you cash back on all purchases, you should try to find a card that rewards you for the things you buy most often. You can usually earn a certain amount of points or miles for every dollar you spend.
The Best Cash Back Credit Cards
Many credit cards offer a flat cashback reward. These cards are good for people who don’t travel often and want to maximize their rewards by sticking to a single type of reward.
If you want to get cash back rewards, you’ll probably want to go with a card that offers higher rewards rates on common purchases. One of the best cash-back cards is the Discover It card. This card offers a competitive rewards rate of 1% cash back on all purchases.
It also has a great 0% intro APR offer. The annual fee is $0. Another great cash back card is the Chase Freedom card. This card also offers 1% cash back on all purchases, but you can earn an extra $150 each year if you meet certain spending requirements.
The Best Travel Rewards Credit Cards
If travel is important to you, you’ll want to consider a travel rewards credit card. These cards offer higher rewards rates on travel-related purchases.
Some travel rewards cards also let you earn points that you can redeem for free travel, hotel stays, or airline miles. The top travel rewards card on the market right now is the Chase Sapphire Preferred card.
This card offers 2x points on all travel-related purchases. You can also earn an extra 50% points if you redeem your rewards points for airfare through the Chase Ultimate Rewards travel booking site.
The annual fee is $95, but you get a $95 travel credit each year that can be applied to that fee. The Capital One Venture card is another great travel rewards option. This card offers 2x points on all travel-related purchases. You can also redeem your points for gift cards or cash back.
The Best Unlimited Benefits Cards
Some credit cards offer special benefits or rewards programs for people with certain professions or affiliations. For example, Discover it for Military service members offers a great rewards rate and an unlimited benefits program.
If you’re in a specific profession or have a particular affiliation, you can search for the best credit card for your needs. The best-unlimited benefits card is the Citi Priority card for healthcare providers.
This card offers a $100 annual travel credit and a 24/7 concierge service that can help you with travel arrangements, gift buying, and more. Another card to consider if you’re in a healthcare professional is the Chase Ink Business Preferred card.
This card offers great rewards rates and a travel credit as well as premium benefits like roadside assistance and trip cancellation/trip interruption insurance.
The Final Words: Takeaway
Credit cards aren’t always the best option, but they can be incredibly useful when used responsibly. Now that you know what to look for in a new credit card, you should have no problem picking out the perfect one for you! Remember, credit cards are a great way to build your credit and make purchases without having to carry around cash.
Just make sure to pay off your balance in full each month so you don’t pay tons of interest.