Best Credit Card US

By: EconomyWatch Content   Date: 29 January 2010

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Choosing the best credit card in US is like identifying the best apple from an orchard. One feels the need to take a bite from all of them to reach an informed conclusion. The credit card industry is not too different in terms of the variety and minute differences that make people opt for one instead of the other. No credit card can be crowned as the best credit card for every one because different people have different shopping habits and opt for different credit card features that suit them more than others.

To pick the best credit card in US, identify one’s distinct shopping habits and expectations. A credit card with an attractive interest rate but with a high balance transfer may not suit a person who requires frequent balance transfer. However, this card may suit shoppers who make small purchases.

Best Credit Cards in US

Most card issues simply want to lure more consumers because they want to take advantage of their diversified spending behavior. For the same reason, card issuers offer customized credit cards with a slight tilt towards growing a particular shopping habit. Observe how different credit cards are supported by attractive offers such as cash backs, reward points, economical balance transfers or zero annual fees.

Let’s have a look at the best credit card from each of these categories:

·        Low interest and balance transfers: The Citi Platinum Select MasterCard leads the pack of low interest credit cards with an impressive 11.99% interest rate. It charges no annual fee. Free balance transfers are permissible for 12 months.

·        Reward points and cash back:The BankAmericard Power Rewards Visa Signature card offers an exciting reward scheme that enables consumers to earn 3 points for every dollar spent during the first six months. No annual fee is charged. Consumers can redeem their reward points at 2,500 points.

·        Business: The AT&T Universal Business Reward card offers an interest free period of 6 months and consumers can earn 5 ‘ThankYou’ points for every dollar spent on the listed AT&T products. The card also offers 3 ‘ThankYou’ points for dollars spent on business supplies. One can request for additional cards with credit limits as well. The card charges no annual fee.

Consumers who keep their credit cards for emergency purposes should focus on ‘least ownership cost.’ Remember, the best credit cards in US are the ones that do not charge annual fees.


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