The Best Credit Card for you!
Posted on | May 28, 2009 |
Credit cards get a lot of bad press, but if you can control your spending and fit into one of these categories, it can be quite beneficial when using credit cards with rewards.
Best for balance transfers.
State Farm Bank Good Neighbor Visa. The Good Neighbor Visa card offers 0% interest on credit card balance transfers for the 1st 9 months - with no fee for transfer within 90 days of opening - and 9.99% to 14.24% after. It also includes no annual fee and a host of other features:
- Zero Fraud Liability Protection
- Online Discounts
- Lost/Stolen card protection
- Worldwide Visa credit card acceptance
- 24 Hour Good Neighbor Service®
- Online Access Anytime
- Free built-in protection features
- Free Identity Theft Protection
- Free Account Fraud Monitoring
- Free $250,000 Travel Accident Insurance
- Free Auto Rental Insurance
- Cash advance privileges via ATMs and convenience checks
Best for big spenders.
Blue Cash from American Express. As you can guess from the name, Blue Cash is a rewards credit card that offers a higher reward rate for higher purchases. The interest rate is 7.99% plus prime, and the cash back reward rate is 1% for purchases up to $6,500, and 5% on purchases at gas stations, supermarkets and drugstores after that. But wait, there’s more:
- Unlimited cash rewards.
- No Annual Fee.
- 0.00% Introductory APR for up to 12 months on purchases.
- Flexibility to pay over time.
- Earn cash back faster with fee-free Additional Card
Best for small spenders.
Schwab Bank Invest First Visa Credit Card. This card carries a 13.99% interest rate but gives back 2% of all purchases you make. The only downside is that you must have a Schwab investment account, but there are no fees to open or maintain one and you don’t have to invest to use the card of get the cashback.
- There’s no limit on the cash back you can earn.
- No minimum monthly purchase amount.
- And no annual fee or foreign exchange transaction fees.1
Best for the gas guzzler.
Pentagon Federal Visa Platinum Rewards card. This card has a 13.99% fixed APR , and offers cash back of 5% on gas purchases, 2% on supermarket purchases and 1.25% on everything else.
- Up to $50,000 limit
- No Annual Fee
- Cash Rewards credited each month
- No special restrictions to earn your cash rewards
- Limited Time- Balance Transfer of 2.99% APR for the life of the transferred balance
- Limited Time- 5.00% cash back on your first $4000 of airfare purchases per month.
Best for the traveler.
Escape by Discover Card. 0% Purchase APR for the first 6 months, and then as low as 10.99% variable APR thereafter based on your credit history. I’m not a fan of variable rates, but If you travel a lot and don’t carry a balance, who cares? 
- Earn 2 miles for every dollar spent.
- 1,000 Miles each month you make a purchase in the first year.
- $60 annual fee.
- New Credit Card Fees: Bank of America (and others) To Impose Fees - Even If You Pay Off Your Balance?!
- ING Direct Electric Orange Checking referrals.
- More Shoppers Avoiding Credit Cards.
- 5 Ways to Improve Your Credit Score.
- Understanding how interest is calculated on credit cards
- Citi Credit Cards Review: From Citi Platinum Select To Citi Forward
- Quick Credit Card Comparison
- Using Coupons Can Cost You Money!
Comments
3 Responses to “The Best Credit Card for you!”
Leave a Reply
Popular Posts
Featured Links
Need Help With your Debt?
Incredible DealsRecent Posts
Categories
- 10 Investment Tips for Beginners
- Budgeting
- Building Wealth
- Career
- Credit
- Debt
- Economy
- Education
- Employment
- Frugal Lifestyle
- Home Buying
- Home Selling
- Income
- Insurance
- Investing
- Opinion
- Personal
- Rant
- Real Estate
- Retirement
- Reviews
- Saving
- Scam
- Small Business
- spending
- Sponsored
- Student Loans
- Taxes
- Tips
- Uncategorized
Blog Catalog
Archives
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
Sponsors
Scan2Contacts
Search
Get Updates
by Email
Recent Comments
- Debt Settlement Company on Nationwide Asset Services - Debt Settlement You Should Avoid!
- Local Services Expert - Melba Denosta on Avoid These 5 Credit Card Rookie Mistakes!
- credit blog on How Does Debt Settlement Affect Your Credit Score (And More!)
- Texas A&M on Avoid These 5 Credit Card Rookie Mistakes!
- Peter on Income at Home 55 is a Scam!
Contact
Recent Tweets
Blogroll
Tags
401(k) 529 savings plan Auto Insurance bailout Banking blogging Building Wealth college savings Cramer Credit Credit Cards Credit score Debt debt settlement Economy Employment FDIC foreclosure getting out of debt Gift Cards Housing Income Insurance Investing money Mortgage Rates Mortgages news Opinion Rant Real Estate Recession Retirement Review Reviews Saving Saving Money Savings Scam spending Sponsored Stock Market Stocks Taxes TipsDisclaimer
Unique visits since 2008:
May 30th, 2009 @ 4:58 am
Great post. I have and make use of the Escape card myself. The miles that it gives for usage isn’t really THAT great (for some airlines, for a short trip ticket, I would have to spend about $12,000!), but still, a little extra gratification isn’t so bad.
- Glenn
May 31st, 2009 @ 2:32 am
[...] this link: The Best Credit Card for you! Tags: apr, bad-press, cash-advance, cash-prizes, certain-components, credit-cards, not-easy, [...]
May 31st, 2009 @ 8:06 pm
Wow, you really know your stuff when it comes to personal finance. Very impressive. Some of the cards you mention I’ve personally never heard of but that’s neither here nor there. The State Farm Bank Good Neighbor Visa sound very interesting. Great Blog. Keep up the good work. All the best.