Here are the best credit cards for 2016

The new year means it's time to reassess your credit card situation - and take advantage of all the best offers.

Within the last year, credit card issuers have introduced some amazing perks to potential customers, including huge intro bonuses (up to $625), 21-month 0% intro APRs, and other ongoing rewards. Getting the right card could help you save on interest fees and earn extensive rewards that lead to cash.

Fortunately, NextAdvisor.com, a consumer information site that reviews credit cards from all major issuers, has done extensive research and compiled the best credit cards for 2016.

Best cash-back card: Blue Cash Preferred from American Express

Why you should get it: The Blue Cash Preferred Card from American Express is ideal for those who spend more on groceries and gas. As the winner of NextAdvisor's cash-back-card analysis, it boasts one of the highest cash-back rates as well as a lengthy 0% intro APR period.

What to know:

• Earn 6% back at supermarkets (on up to $6,000 in purchases annually), 3% at gas stations and select department stores like Sears, Kohl's, Nordstrom, and Macy's, and 1% cash back on all your other purchases.
• There's a $150 bonus after spending $1,000 in the first three months.
• 0% intro APR for the first 15 months on purchases and balance transfers (there is a 3% balance-transfer fee).
• $75 annual fee, but you should be able to earn it back.

If you'd prefer a card with a single cash-back rate for everything, check out the Citi Double Cash Card, which offers an effective 2% cash back across the board.

Best low APR card: Citi Diamond Preferred

Why you should get it: The Citi Diamond Preferred is the top-rated low APR card, featuring the longest 0% APR NextAdvisor has ever found (21 months). That means you'll pay no interest until 2017. On top of that, the card provides perks like access to special events, a personal concierge service, and extended warranty.

What to know:

• It has a 21-month 0% intro APR on balance transfers and purchases.
• There's a 3% balance-transfer fee. You can see if the fee might be worth it by checking out NextAdvisor's Balance Transfer Calculator.
• No annual fee.

Best for good (but not great) credit: Capital One Quicksilver Cash Rewards Credit Card

Why you should get it: If you have a few dings on your credit report, consider the Capital One Quicksilver Cash Rewards Credit Card. Designed for those with good (but not great) credit (i.e. a credit score above 660), it's a terrific cash-back card with a 0% introductory APR period and strong rewards - rivaling cards exclusively offered to those with excellent credit.

What to know:

• It features a $100 bonus after you spend $500 in the first three months (equal to 20% back on the first $500 you spend).
• You will earn an unlimited 1.5% cash back on every purchase; there are no rotating categories or signups required.
• There's a lengthy 0% intro APR on purchases and balance transfers (but there is a 3% balance-transfer fee).
• There is no annual fee and no foreign transaction fees.

Best travel card: Barclaycard Arrival Plus World Elite Mastercard

Why you should get it: The first place winner in NextAdvisor's annual travel rewards credit card analysis, Barclaycard Arrival Plus World Elite Mastercard is terrific for frequent travelers because of its generous rewards and great redemption flexibility. Not only is there a generous intro bonus, but the ongoing rewards are substantial. Plus it's easy to use your earned miles: Just book your travel, use your card to pay for it, and then redeem your miles for a statement credit against your travel costs.

What to know:

• Earn 2x miles on all purchases. Miles don't expire as long as your account is open, active, and in good standing.
• Earn 40,000 bonus miles after spending $3,000 in the first three months, equal to a $420 bonus, whether you choose to spend it on travel or cash back.
• Every time you redeem your rewards you'll earn 5% bonus reward miles to use towards your next redemption.
• The $89 annual fee is waived for the first year.
• No foreign transaction fees.

Best business card: Capital One Spark Cash for Business

Why you should get it: Both startups and established businesses should take advantage of this card. It has strong cash-back rewards that be redeemed in any amount at any time, and it's easy to add employee cards to your account card to accrue more rewards - particularly if your employees travel often for business or make large purchases for your office or business. Additionally, the card is available to those with just good (rather than excellent) credit, which is usually considered to be a credit score between 660 and 724.

What to know:

• You'll get a $500 cash-back bonus after spending $4,500 in the first three months.
• Earn an unlimited 2% cash back on all purchases.
• There are no foreign transaction fees.
• There's a $59 annual fee, but it's waived the first year.

Other cards you may want to try:

Best card for average credit: Barclaycard Rewards Mastercard

Best card for rebuilding credit: Capital One Secured Mastercard

Best card for students: Discover it for Students - New! Good Grades Rewards

This post is based on an article originally published on NextAdvisor.

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