Cash Back Rate: Earn 5% cash back on purchases made in 2 categories of your choice, up to $2,000 in combined spending across both categories. Earn unlimited 2% cash back on an additional category of your choice, and unlimited 1% cash back on all other eligible spending. The 5% and 2% categories are subject to change on a quarterly basis, and you must activate your cash back categories in advance to earn at the higher rates.
The Blue Cash Preferred Card from American Express has different earning rates for each category. With an annual budget of $4,008 spent at U.S. supermarkets, $2,688 at select U.S. department stores and U.S. gas stations and $11,304 on other purchases, the cash back rewards are $240.48 for purchases at U.S. supermarkets, $80.64 for purchases at U.S. gas stations and select U.S. department stores, and $113.04 for other purchases, totalling $434 overall.

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Many lenders target consumers with FICO® credit scores of less than 650. If you have searched for “credit cards for bad credit,” you will probably find offers from companies like First Premier. In addition to high interest rates, these lenders often require application processing fees, maintenance fees and more. You could be given a $300 credit limit and see a big portion of it eaten up with fees.
This card's 1.25X miles for all purchases is augmented with 10X miles on hotels booked through hotels.com/venture. There's also a sign-up bonus of 20,000 miles after a $1,000 spend within 3 months, making it competitive with other travel cards without an annual fee. As a card with no annual fee and no foreign transaction fees, the VentureOne offers a ton of value.
Intro purchase APR is 0% for 6 months from date of account opening; then the standard purchase APR applies. Intro Balance Transfer APR is 10.99% for 6 months from date of first transfer, for transfers under this offer that post to your account by April 10, 2019; then the standard purchase APR applies. Standard purchase APR: 15.24% variable to 24.24% variable, based on your creditworthiness. Cash APR: 27.24% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: 3% of the amount of each transfer. Annual Fee: None. Rates as of December 31, 2018. We will apply payments at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.

Secured credit cards are issued by nearly all of the leading credit card lenders. These cards require a standard credit application, which assesses a borrower’s credit score and credit history through a hard inquiry with a credit reporting agency. Underwriting and credit approval procedures then determine the amount of funds needed by the borrower to open an account, and the credit line that will be extended. Deposits typically start at $200, but can range as high as $1,000, with a credit limit usually set at the amount of the deposit. 


This can vary depending on the kind of prepaid card you’re getting and the issuer. In most cases, you will have a minimal fee, and some can even charge activation and monthly fees from $1 to $5. Other cards on the higher end of the spectrum can get as high as $60 a year. Take the American Express Serve®, for example, which has a monthly fee of $1 or the NetSpend® Visa® Prepaid Card which charges $5.

How it works: The Chase Freedom® card lets you Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months. Unlimited 1% cash back on all other purchases. This translates to a maximum return of $75 per quarter on the 5% bonus category. You earn an unlimited 1% cash back on all other purchases outside of the bonus categories. You can also Earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening.

As an example of how comprehensive its rewards are, let's assume you were planning a trip to Seattle and needed to rent a car: In this scenario, you'd earn an outstanding 3% rewards rate on your plane ticket, Avis rental, hotel stay and gas station purchases when using the Wells Fargo Propel American Express® Card. There is simply no other no annual fee card that comes close to matching this high of a rewards rate across so many different types of travel purchases.

A: In fact, it can. When you initially apply for a secured credit card, the card issuer will pull your credit history to see if you are worth the risk of approval. Whenever a hard pull on your credit is made, your score will be decreased temporarily, so this can be bad for your credit. However, if you pay your card off responsibly each month, then this brief decline will quickly correct itself, and the credit building effects of the card will outweigh any initial damage.
Not long from now, in April 2019, prepaid debit cards will be a lot safer thanks to a ruling by the Consumer Financial Protection Bureau. Just how safe? Prepaid debit cardholders will soon have access to free-to-use online portals as well as liability and fraud protections. Cardholders will also have an easier time keeping track of their account without having to pay for online bill pay and balance reports

Although it’s important to find the cashback rate that best suits your lifestyle you should also compare cards on things like annual fees. Some cards charge cardholders a fee every year and even if the rewards are very generous, this fee can eat into the overall value of the card. Consider the cards interest rates if you’re worried you might occasionally carry a balance. Another important point of comparison is sign-up bonuses. Some cards offer very generous sign-up bonuses after you spend a certain amount over a given time period (usually the first three months after you open the account). These welcome offers can be hundreds of dollars in cash back but make sure not to be seduced by the sign-up bonus if it would require you to overspend and carry a balance.


A card like the Capital One® Secured Mastercard®, for example, is known for being the best secured credit card for building up credit. It has no annual fee and a really low deposit requirement, making it easy to maintain financially. Additionally, a secured credit card is helpful if you want to make a purchase that requires a card (certain retail stores or wholesalers will only do business with credit cards), but you don’t want to deal with all of the strings attached to a standard credit card. Actually, there are so many situations when a secured credit card is a good idea including:
As an example of how comprehensive its rewards are, let's assume you were planning a trip to Seattle and needed to rent a car: In this scenario, you'd earn an outstanding 3% rewards rate on your plane ticket, Avis rental, hotel stay and gas station purchases when using the Wells Fargo Propel American Express® Card. There is simply no other no annual fee card that comes close to matching this high of a rewards rate across so many different types of travel purchases.

Perhaps our favorite secured card, Discover it® Secured, has numerous benefits for those looking to rebound from a bad credit score. There is a $200 minimum security deposit that will become your line of credit, which is typical of secured credit cards. Your deposit is equal to your credit line, with a maximum deposit of $2,500. Additional perks include a rewards program (very rare for secured cards) that offers 2% cash back at restaurants or gas stations on up to $1,000 in combined purchases each quarter, plus 1% cash back on all other credit card purchases.This card has another great feature: Discover will automatically review your account, starting at month eight, to see if your account is eligible to transition to an unsecured card. Discover will decide if you’re eligible based on a variety of credit factors, and if you are, you will receive notification and get your security deposit back.
Other Perks: Our in-depth analysis of no annual fee cards also took into consideration any unique perks a card may have. This also allowed us to determine whether any of the cards we analyzed were missing a critical feature. While we considered these 'other' perks and benefits carefully, most of the time they were used as a way to break a tie between closely matched cards.
January 21, 2019 - Cash back credit cards are a useful tool to get paid back for the things you buy every day. Many cards offer flat cash back for all purchases, while others offer higher cash back across rotating categories like dining, groceries and shopping. We researched 682 cash back card offers and narrowed them down to our top recommendations. Browse our editor's picks for the 10 best cash back offers from our partners and find a card that fits your spending habits.
FICO® Credit Score Terms: Your FICO® Credit Score, key factors and other credit information are based on data from TransUnion® and may be different from other credit scores and other credit information provided by different bureaus. This information is intended for and only provided to Primary account holders who have an available score. See Discover.com/FICO about the availability of your score. Your score, key factors and other credit information are available on Discover.com and cardmembers are also provided a score on statements. Customers will see up to a year of recent scores online. Discover and other lenders may use different inputs, such as FICO® Credit Scores, other credit scores and more information in credit decisions. This benefit may change or end in the future. FICO is a registered trademark of the Fair Isaac Corporation in the United States and other countries.

If your credit is good enough for approval, a credit card with no annual fees could save you money. On top of charging no annual fee, many of these credit cards offer other perks like rewards programs or cash back on purchases. Keep in mind that these cards will typically require good to excellent credit for approval. These are some of the most popular no annual fee credit cards from Credit Karma's partners.

This card is a great companion for overseas travel with a $0 annual fee or foreign transaction fee. Even better, the card offers chip and pin functionality. Most major credit card issuers in America have rolled out chip and signature, which can be problematic overseas. If you try to use your card at a ticket machine or with a waiter’s portable payment device, you have a good chance of being rejected.


Overall, the best cash back credit cards are Citi® Double Cash, the Wells Fargo Cash Wise Visa® Card, Chase Freedom Unlimited® and Blue Cash Preferred® from American Express, according to WalletHub’s editors. But you won’t get any of them without a good or excellent credit score. Fortunately, there are some great offers for people with lower scores, too, including Capital One’s QuicksilverOne and Journey cards.
The Amex EveryDay Preferred Credit Card is a supercharged version of the Amex EveryDay card. U.S. supermarket purchases earn 3 points per $1 spent, and U.S. gas station purchases earn 2 points per $1 spent, up to a $6,000 annual spending limit. Points vary in value from $0.005 to $0.01, depending on how you redeem, so every $1 spent at the supermarket (where you get 3x points) is worth between $0.015 and $0.03. After you hit the limit, supermarket and gas purchases still earn 1 point per dollar. Note that there’s a $95 annual fee on this card.
If you're looking to get rewards points for everyday expenses, such as gas and groceries, to make the most of your credit card, that's an ideal reason to apply. If you're starting a business, and you're applying for a business credit card so you can keep your finances and expenses in order, that's also smart, says Ryan Boggs, an investment advisor representative at FourStar Wealth Advisors in Chicago. But if you're simply looking to increase your spending, you may want to rethink your decision. "Don't get another card if it is just to run up more debt or make frivolous purchases, because all you will be doing is digging yourself in a deeper hole," he says.
If you haven’t purchased a card yet, pay close attention to the packaging before making a selection. I recently heard from a consumer who mistakenly purchased a reloadable prepaid card instead of the open loop gift card he planned to buy. When the provider assessed the monthly maintenance fee and the card’s balance dropped, he thought he’d been scammed.
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There are credit cards that advertise themselves as cash back cards when you actually earn points or miles in a larger program. For example, with the Chase Freedom card, the cash back you earn is actually Chase Ultimate Rewards points. You could redeem these for cash back or other rewards if you want, including travel, gift cards or merchandise. These cards offer you some flexibility, but the cash rewards rate could be lower than the value of a mile or point that you redeem for travel.
Watch out for hidden fees. While some fees are clearly marked in the "Schumer Box" at the top of cards' rates and fees disclosures, lesser known fees with credit-builder cards can be mentioned lower in the copy. They can have vague descriptions, such as "copy fee" or "telephone payment fee," and can pile up fast. Heads up that while secured cards can have among the most fees, they can also have the least, as in the case of the Capital One Secured Mastercard, with only 2 fees.

Making purchases: Prepaid cards are accepted at any merchant that displays the name of the payment network your card belongs to, such as Visa, MasterCard, or American Express. Every time you use your prepaid debit card, the amount of the purchase will be subtracted from your available funds. If you attempt to make a purchase made in excess of your available funds, it will be declined.
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