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The new year is an ideal time to reevaluate the credit cards you have in your wallet.
Even if you already own some top-notch cards, there are likely better options. Card issuers are offering phenomenal rewards to everyone from those with average credit (usually thought to be a credit score over 600) to those with nearly spotless credit (scores typically 750 and above). These impressive offers range from intro bonuses worth $625 to 0% intro APRs as long as 21 months.
NextAdvisor, a site that reviews credit cards from all major issuers, has surveyed the market and determined these to be the best credit cards of 2017.
Best 0% Intro APR Card: Citi Diamond Preferred Card
Why you should get it: With the longest 0% intro APR of any card reviewed, the Citi Diamond Preferred Card is the perfect choice for those looking to make large purchases that are basically interest-free loansWhat to know:
- It has a 21-month 0% intro APR on purchases and balance transfers, which means you pay $0 in interest fees until almost the end of 2018.
- Although there is a 3% balance transfer fee, that's likely a lot lower than the ongoing interest you're paying on your current card.
- No annual fee.
Best Cash Back Card: Blue Cash Everyday Card from American Express
Why you should get it: The Blue Cash Everyday Card from American Express is the best option for those looking for a generous cash-back program with no annual fee, especially if you spend heavily on groceries and gas.- Get a $100 intro bonus after spending $1,000 in the first 3 months.
- Earn 3% cash back at supermarkets (on up to $6,000 in purchases annually, then it's 1%), 2% at gas stations and select department stores, and 1% on all other purchases.
- If you apply by Jan. 11, 2017, you'll get 10% cash back on purchases from Amazon for your first 6 months (up to a maximum of $200 cash back).
- No annual fee.
- For a $95 annual fee, you can upgrade to the Blue Cash Preferred Card from American Express, which offers 6% cash back on groceries (up to $6,000 annually, then it's 1%), and 3% cash back on gas and select department stores.
Best Balance Transfer Card: Chase Slate
Why you should get it: If you're carrying balances on other high-APR cards, this is the card to transfer it to.- It has a 15-month 0% APR on both purchases and balance transfers.
- There is no annual fee and are no balance transfer fees for the first 60 days of account opening.
- It is available to those with just good credit, typically considered to be a credit score above 670.
Best Travel Card: Chase Sapphire Preferred
Why you should get it: With an intro bonus worth $625 in travel, great ongoing rewards, and the ability to transfer points to other travel rewards programs, Chase Sapphire Preferred is our top travel card recommendation.- Get 50,000 bonus points after spending $4,000 in the first 3 months - equal to $500 in cash or $625 in travel.
- Earn 2 points per $1 spent on travel and dining, and 1 point per $1 spent on everything else.
- Points are worth 25% more when redeemed through Chase Ultimate Rewards.
- Transfer earned points 1:1 for free with other travel programs like Southwest or Marriot. Use NextAdvisor's travel rewards analysis to see how much you points could be worth.
- The $95 annual fee is waived for the first year.
Best Card for Average Credit: Discover it - Cashback Match
Why you should get it: Discover it - Cashback Match offers significant cash back rewards to customers whose credit score is merely in the average range (usually thought to be above 600).- Earn 5% cash back in categories that rotate quarterly (up to $1,500 in purchases each quarter) and 1% cash back on all other purchases.
- Discover will match the cash back you earn in your first year (e.g. $300 becomes $600)
- It has a 14-month 0% intro APR on purchases and balance transfers (with a 3% balance transfer fee)
- No annual fee or foreign transaction fees.
Best Card for Bad/Rebuilding Credit: Discover it Secured Card - No Annual Fee
Why you should get it: Discover it Secured Card is available to those with current or past credit issues, but it's packed full of the same cash back rewards that those with good credit would receive.- Earn 2% cash back at restaurants and gas stations (up to $1,000 in combined purchases each quarter), and 1% cash back on all other purchases.
- Discover will match the cash back you earn in your first year (e.g. $300 becomes $600)
- It has a 6-month 0% intro APR for balance transfers (with a 3% balance transfer fee)
- No annual fee or foreign transaction fees.
Other cards you may want to try:
Best Business Card: Ink Business Cash Credit Card
Best Card for Students: Discover it for Students
This post is sponsored by NextAdvisor.
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