Best Credit Cards 2024
- Best Overall, Best Cash Back Credit Card: Capital One Quicksilver® Cash Rewards Credit Card
- Best Travel, Best Rewards Credit Card: Chase Sapphire Reserve®
- Best Airline Credit Card: United℠ Explorer
- Best Hotel Credit Card: World of Hyatt Credit Card
- Best Balance Transfer Credit Card: Citi® Diamond Preferred® Credit Card
- Best Student Credit Card: Bank of America® Travel Rewards for Students
- Best Business Credit Card: Ink Business Preferred℠ Credit Card
- Best Groceries Credit Card: Blue Cash Preferred® Card from American Express
- Best Online Shopping Credit Card: Capital One® SavorOne® Cash Rewards Credit Card
- Best Secured Credit Card: Capital One Platinum Secured
Best Overall, Best Cash Back Credit Card : Capital One Quicksilver® Cash Rewards Credit Card
Regular APR (%) | 19.99% - 29.99% variable |
Annual Fee | $0 |
Rewards Earning Rate | 1.5% cash back on every purchase, every day. |
INTRO PURCHASE APR | 0% for 15 Months |
INTRO BALANCE TRANSFER APR | 0% for 15 Months |
Balance Transfer Fee | 3% of the amount of each transferred balance during the first 15 months that your account is open or at a promotional APR Capital One may offer. After 15 months, none for transferred balances at the purchase APR. |
Foreign transaction fee (%) | 0% |
- Why We Chose It
- Pros and Cons
- Simple rewards program with a solid return
- Decent introductory offers on purchases
- No annual or foreign transaction fees
- No bonus rewards rates
- One-time bonus is relatively modest
Read the full Capital One Quicksilver Cash Rewards Credit Card review.
Best Travel, Best Rewards Credit Card : Chase Sapphire Reserve®
Regular APR (%) | 22.49% - 29.49% variable |
Annual Fee | $550 |
Rewards Earning Rate | Earn 10x total points on chase Dining purchases with Ultimate Rewards®. Earn 5x total points on flights and 3x on other travel worldwide. Earn 3x points on other dining at restaurants, including eligible delivery services, takeout and dining out. Plus, earn 1 point per dollar spent on all other purchases. |
Balance Transfer Fee | Either $5 or 5% of the amount of each transfer, whichever is greater. |
Foreign transaction fee (%) | 0% |
- Why We Chose It
- Pros and Cons
The Chase Sapphire Reserve® is our best credit card for travel and best for rewards because of its competitive one-time point bonus, high rewards earning rate, and its suitcase-full of travel perks and benefits. Points are worth 50% more if you redeem them for travel through the Chase Ultimate Rewards portal, and you can transfer points on a 1:1 basis to a long list of eligible hotel and airline partners.
While the annual fee is high, if you're an avid traveler, the $300 annual travel credit can help justify the expense. Chase Sapphire Reserve also offers numerous other premium travel-related benefits and flexible redemption options through Chase's Ultimate Rewards program.- Excellent points rewards rate for travel and dining
- Complimentary Airport Lounge Access plus Global Entry or TSA PreCheck fee credit
- Points are worth 50% more for travel bought through Chase Ultimate Rewards
- Annual travel credit
- $550 annual fee
- Limited high-rewards categories
- Strong credit is recommended
Read the full Chase Sapphire Reserve Credit Card review.
Best Airline Credit Card : United℠ Explorer
Regular APR (%) | 21.99% - 28.99% variable |
Annual Fee | $0 for the first year, then $95 |
Rewards Earning Rate | Earn 2 miles per $1 spent on purchases from United, including tickets, Economy Plus®, inflight food, beverages and Wi-Fi, and other United charges. 2 miles per $1 spent on dining, including eligible delivery services. 2 miles per $1 spent on hotel accommodations when purchased directly with the hotel. 1 mile per $1 spent on all other purchases. |
Balance Transfer Fee | Either $5 or 5% of the amount of each transfer, whichever is greater. |
Foreign transaction fee (%) | 0% |
- Why We Chose It
- Pros and Cons
The card's compelling introductory bonus really adds to the card's value because of the high value placed on redeeming those miles with United. The $95 annual fee is in line with its competitors and is waived the first year. The card does not charge foreign transaction fees, which helps make it an excellent choice for international travel.
United has announced that it has permanently eliminated reservation change fees, which should greatly reduce any traveler anxiety around booking future award travel with earned miles and make the introductory bonus on this card that much more appealing.- Annual fee is waived the first year
- Earn two miles per $1 on United, dining, and hotels
- Exclusive perks with United, like early boarding and free checked bags
- Fewer free checked bags than some competing airline cards
- Balance transfer fee of 5% (min $5)
Read the full United Explorer Credit Card review.
Best Hotel Credit Card : World of Hyatt Credit Card
Regular APR (%) | 21.49% - 28.49% variable |
Annual Fee | $95 |
Rewards Earning Rate | Earn 4 Bonus points per $1 spent on purchases at all Hyatt hotels. Plus, 5 Base points for Hyatt per eligible $1 spent for being a World of Hyatt member. Earn 2 Bonus Points per $1 spent at restaurants, on airline tickets purchased directly from the airline, local transit and commuting as well as fitness club and gym memberships. Plus, earn 1 Bonus Point per $1 spent on all other purchases. |
Balance Transfer Fee | Either $5 or 5% of the amount of each transfer, whichever is greater. |
Foreign transaction fee (%) | 0% |
- Why We Chose It
- Pros and Cons
Our choice for the best overall credit card for hotels is the World of Hyatt Credit Card because it offers an attractive introductory one-time bonus of 30,000 points after spending $3,000 in the first three months of account opening. World of Hyatt cardmembers also earn an automatic award night at a category 1-4 Hyatt property upon each anniversary, which alone can justify the card's modest annual fee of $95.
As for the World of Hyatt Credit Card's rewards earning rate, cardmembers can enjoy 4 Bonus points per $1 spent on purchases at all Hyatt hotels. Plus, 5 Base points for Hyatt per eligible $1 spent for being a World of Hyatt member. Earn 2 Bonus Points per $1 spent at restaurants, on airline tickets purchased directly from the airline, local transit, and commuting as well as fitness club and gym memberships. Plus, earn 1 Bonus Point per $1 spent on all other purchases. Investopedia values World of Hyatt points higher than any other hotel brand.- Outstanding introductory rewards bonus
- Superior points value among hotel reward cards
- Anniversary award night good for a stay at category 1-4 Hyatt properties
- Annual fee isn't waived first year
- Hyatt hotels are not as widespread as other hotel chains
- Rewards earning structure can be confusing
Read the full World of Hyatt Credit Card review.
Best Balance Transfer Credit Card : Citi® Diamond Preferred® Credit Card
Regular APR (%) | 18.24% - 28.99% variable |
Annual Fee | $0 |
INTRO BALANCE TRANSFER APR | 0% for 21 Months |
INTRO PURCHASE APR | 0% for 12 Months |
Balance Transfer Fee | Either $5 or 5% of the amount of each transfer, whichever is greater. |
Rewards Earning Rate | This card does not offer a rewards program. |
- Why We Chose It
- Pros and Cons
The Citi® Diamond Preferred® Credit Card is an excellent choice for transferring a balance. It offers a 0% introductory rate on purchases for 12 months and 0% on balance transfers for 21 months.
Balance transfers must be completed within four months of account opening and incur a 5% fee (min $5) of the amount transferred. After the promotion expires, the interest rate reverts to a variable APR ranging from 18.24% to 28.99%, depending on your creditworthiness. The card does not charge an annual fee.- Balance transfers have 21 months of no interest
- Purchases during the first 12 months are not charged interest
- No annual fee
- Penalty APR of up to 29.99% with a late or returned payment
- Does not offer a welcome bonus or earn rewards
- 3% foreign transaction fee
Read the full Citi Diamond Preferred Credit Card review
Best Student Credit Card : Bank of America® Travel Rewards for Students
Regular APR (%) | 18.24% - 28.24% variable |
Annual Fee | $0 |
Rewards Earning Rate | Earn unlimited 1.5 points for every $1 you spend on all purchases everywhere. |
INTRO PURCHASE APR | 0% for 15 Statement Closing Dates |
INTRO BALANCE TRANSFER APR | 0% for 15 Statement Closing Dates |
Balance Transfer Fee | 3% of the amount of each transaction. |
Foreign transaction fee (%) | 0% |
- Why We Chose It
- Pros and Cons
- Unlimited 1.5x rewards on all purchases
- Pay off purchases for 15 billing cycles with no interest
- Friendly to foreign travel
- Rewards aren't transferable
- Relatively high spending required ($1,000 in the first 90 days of account opening) for 25,000-point introductory one-time bonus
Read the full Bank of America Travel Rewards for Students review.
Best Business Credit Card : Ink Business Preferred℠ Credit Card
Regular APR (%) | 21.24% - 26.24% variable |
Annual Fee | $95 |
Rewards Earning Rate | Earn 3 points per $1 on the first $150,000 spent on shipping purchases, advertising purchases made with social media sites and search engines, internet, cable and phone services, and travel each account anniversary year. Earn unlimited 1 Point Per $1 spent on all other purchases. Points do not expire as long as your account is open. |
Balance Transfer Fee | Either $5 or 5% of the amount of each transfer, whichever is greater. |
Cash Advance APR (%) | 29.99% |
Cash Advance Fee | Either $15 or 5% of the amount of each transfer, whichever is greater. |
- Why We Chose It
- Pros and Cons
The Ink Business Preferred Credit Card is the best card for business owners because of its earning power. You'll earn 3 points per dollar on the first $150,000 you spend each year in combined purchases of travel, shipping, online advertising, and internet, cable, and phone services. New cardholders can earn 100,000 bonus points after spending $8,000 within three months. That's worth $1,000 in cash back or $1,250 in travel booked through Chase Ultimate Rewards.
Points earned with this card can be transferred to airline and hotel partners, redeemed for cash and gift cards, or used to book travel with a 25% bonus through the Chase travel portal. Employee cards are available at no extra cost, and complimentary tools allow you to stay on top of your business. These tools include fraud protection, purchase protection, personalized account alerts, and more.- Potentially huge bonus
- Flexible rewards program
- High rewards on select business expenses
- Low base rewards rate
- Not a lot of business-related benefits
Read the full Ink Business Preferred Credit Card review.
Best Groceries Credit Card : Blue Cash Preferred® Card from American Express
Regular APR (%) | 19.24% - 29.99% variable |
Annual Fee | $95 |
Rewards Earning Rate | Earn 6% back at US supermarkets (on up to $6,000 per year in purchases), 6% back on select U.S. streaming subscriptions, 3% back on eligible transit and US gas stations, and 1% back on other purchases. |
INTRO PURCHASE APR | 0% for 12 Months |
INTRO BALANCE TRANSFER APR | 0% for 12 Months |
Balance Transfer Fee | Either $5 or 3% of the amount of each transfer, whichever is greater. |
Foreign transaction fee (%) | 2.7% |
- Why We Chose This Card
- Pros and Cons
Grocery shopping is more rewarding with the Blue Cash Preferred® Card from American Express. You can earn a full 6% back at U.S. supermarkets (on up to $6,000 per year in purchases), 6% back on select U.S. streaming subscriptions, 3% back on eligible transit and U.S. gas stations, and 1% back on all other purchases. Plus, you'll earn a $250 statement credit after spending $3,000 within six months.
New cardholders can also use the 0% APR introductory offer on purchases for 12 months. There is a $95 annual fee, but it is waived the first year. So, you can enjoy the cash back features of this card during that period to experience its benefits before paying an annual fee in year two.- Ability to earn 6% cash back on groceries, streaming services and gas station purchases
- Annual fee is waived the first year
- 0% APR promotion on purchases for 12 months
- 6% grocery cash back is limited to $6,000 in purchases per year
- High penalty APR for late and returned payments
- Foreign transaction fee of 2.7%
Read the full Blue Cash Preferred® Card from American Express review.
Best Online Shopping Credit Card : Capital One® SavorOne® Cash Rewards Credit Card
Regular APR (%) | 19.99% - 29.99% variable |
Annual Fee | $0 |
Rewards Earning Rate | Earn 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. |
INTRO PURCHASE APR | 0% for 15 Months |
INTRO BALANCE TRANSFER APR | 0% for 15 Months |
Balance Transfer Fee | 3% of the amount of each transferred balance that posts to your account during the first 15 months that your account is open or at a promotional APR that we may offer you at any other time. |
Foreign transaction fee (%) | 0% |
- Why We Chose It
- Pros and Cons
New cardmembers receive a $200 cash bonus after spending $500 within three months. Plus, there is no annual fee, so all of the cash back that you earn is yours to keep. Travelers will love that there are no foreign transaction fees, so there are no surprises when making international purchases.
- Ability to earn 3% cash back for dining, entertainment, and streaming service purchases
- 0% APR purchase promo for 15 months
- No foreign transaction fees
- Welcome bonus is on the smaller side
- Bonus cash back excludes Walmart and Target
Read the full Capital One SavorOne Cash Rewards Cash Credit Card review.
Best Secured Credit Card : Capital One Platinum Secured
Regular APR (%) | 30.74% variable |
Annual Fee | $0 |
Minimum Deposit to Activate | $49 |
Pay deposit in installments | Yes |
Allows upgrade to unsecured card | Yes |
Rewards Earning Rate | This card does not offer a rewards program. |
- Why We Chose This Card
- Pros and Cons
- Credit limits can be larger than the required security deposit
- Security deposit can be paid in installments
- No annual or foreign transaction fees
- Requires a bank account
- Relatively low initial credit limits
- No bonus offers or rewards program
Read the full Capital One Platinum Secured review.
Final Verdict
Credit cards have a wide range of fees, interest rates, benefits, promotions, welcome offers, and more. Because each credit card is different, finding the right one depends on your budget, how much you spend and where, and what benefits are important to you. While some people avoid paying annual fees, many are willing to do so if the benefits far exceed what they pay each year. The Capital One Quicksilver Cash Rewards is our top choice for the best credit card because it offers an unlimited 1.5% cash back on every purchase. It has no annual fee, no foreign transaction fees, and a $200 welcome bonus that is earned after spending just $500 within three months.Compare the Best Credit Cards
Credit Card | Annual Fee | Top Feature |
---|---|---|
Best Overall Credit Card |
$0 | 1.5% cash back on every purchase |
Best for Travel Credit Card |
$550 | Earn 10x total points on Chase Dining purchases with Ultimate Rewards®. Earn 5x total points on flights and 3x on other travel worldwide. Earn 3x points on other dining at restaurants, including eligible delivery services, takeout, and dining out. Plus, earn 1 point per dollar spent on all other purchases. |
Best Cash Back Credit Card |
$0 | 1.5% cash back on every purchase |
Best Airline Credit Card |
$95 | Earn 2 miles per $1 spent on purchases from United, including tickets, Economy Plus®, inflight food, beverages, and Wi-Fi, and other United charges. 2 miles per $1 spent on dining, including eligible delivery services. 2 miles per $1 spent on hotel accommodations when purchased directly with the hotel. 1 mile per $1 spent on all other purchases. |
Best Hotel Credit Card |
$95 | Earn 4 Bonus points per $1 spent on purchases at all Hyatt hotels. Plus, 5 Base points for Hyatt per eligible $1 spent for being a World of Hyatt member. Earn 2 Bonus Points per $1 spent at restaurants, on airline tickets purchased directly from the airline, local transit and commuting as well as fitness club and gym memberships. Plus, earn 1 Bonus Point per $1 spent on all other purchases. |
Best Balance Transfer Credit Card |
$0 | 0% for 21 months balance transfer |
Best Student Credit Card |
$0 | 1.5 points for every $1 spent |
Best Business Credit Card |
$95 | 3 points per $1 on first $150,000 spent on eligible purchases |
Blue Cash Preferred® Card from American Express
Best Groceries Credit Card |
$95 | Earn 6% back at U.S. supermarkets (on up to $6,000 per year in purchases) |
Capital One SavorOne Rewards Card
Best Online Shopping Credit Card |
$0 | Earn 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. |
Best Rewards Credit Card |
$550 | Earn 10X total points on Chase Dining purchases with Ultimate Rewards®. Earn 5X total points on flights and 3X on other travel worldwide. Earn 3X points on other dining at restaurants, including eligible delivery services, takeout, and dining out. Plus, earn 1 point per dollar spent on all other purchases. |
Capital One Platinum Secured
Best Secured Credit Card |
$0 | Flexible and inexpensive with lower security deposit requirement compared to other secured cards, no annual fee and no foreign transaction fees. |
Frequently Asked Questions
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What Is the Best Credit Card?
The best credit card for you depends on your goals, budget, and spending habits. As your financial picture evolves, the best credit card for you may also change. While credit card rewards can be valuable, if you’re focused on paying off debt, they may not be the best choice for you at this time. A card that offers a 0% APR promotion for balance transfers may be the better option until you can pay off your debt.
However, the most appealing credit card may not be the best one you can actually get right now. People with low credit scores may be able to qualify only for cards that carry higher interest rates and fewer rewards. Those consumers should focus on building their credit until they are eligible for the credit card they desire.People with excellent credit generally have their choice of travel and other rewards credit cards. Credit cards aimed at those with the best credit scores typically provide the most attractive benefits. These can include lucrative one-time bonuses, significant ongoing rewards on your spending, and additional benefits like elite status, free checked bags, yearly free hotel nights, and airport lounge access. -
What Credit Card Is Best for Me?
Finding the best credit card entails both self-assessment and research. You must document your creditworthiness and spending habits and reflect on how you may use the card, whether that's to build credit, temporarily borrow, or simply employ it as a purchasing convenience and a way to earn rewards.New to Credit: If you are new to credit or have impaired credit, a secured credit card can be a great option. This type of card requires a security deposit but has the advantage that activity with the card is reported to all three credit bureaus, which helps the cardholder build credit over time. Many secured cards offer an option to graduate to a non-secured card after a period of on-time payments.
Carrying a Balance: Those who are carrying a card balance should consider shifting the debt to a balance transfer card with much lower interest, or even no interest rate at all for a period. These cards provide relief in the form of an extended period of a 0% APR on the transfer, which allows you to pay down the balance more easily. While some balance transfer cards offer rewards as well, it’s best not to add to your balance on the card (or, preferably, any other card) until you have paid off the amount you’ve transferred.
If you frequently carry a credit card balance, avoid cards with high fees and interest regardless of attractive rewards and one-time bonuses. Your priority should be paying down your debt and avoiding accumulating more, not trying to earn rewards.No Balance: People who tend to pay off their card balance each month should consider getting a rewards card that offers cash back or points rewards. These cards allow you to leverage your everyday spending to earn hundreds of dollars worth of rewards, usually with no annual fee.
Frequent Travelers: For those who travel, a general travel card or one issued in partnership with airlines or hotels can make the most sense. These allow you to leverage spending on travel and in other categories to earn rewards that can be used to obtain further travel.
Entrepreneurs and Small-business Owners: These users can choose among a host of business credit cards designed for their needs. These cards may reward business spending in certain categories, like shipping, or with specific business-related merchants, such as office supply stores.
College Students: People in school generally don’t have a credit history, but they do represent a good long-term customer for card issuers. Cards designed for students can provide online resources to instruct new cardmembers on the responsible use of credit and other tips to guide personal finances.
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What Credit Scores Are Required?
The higher your credit score, the more credit cards you potentially have available to you, and the better those cards will tend to be in terms of interest rates, credit lines, and rewards programs. To understand your card choices, it’s important to know the broad range into which your credit score fits. Card issuers classify scores as “Excellent/Exceptional” (800+), “Very Good” (740-799), “Good” (670-739), “Fair” (580-669), or “Poor” (below 580). It’s best to only apply for cards that best match the credit recommended by the issuer to reduce the chances of being declined.If you don’t know your current credit score, it’s available in a number of ways, and at no cost. There are two main credit score types, FICO and VantageScore, both of which have their own distinct scoring algorithms and score ranges that are used by various lenders.
Credit card issuers also assess other factors beyond credit score in evaluating creditworthiness, including employment status, income, and other credit and deposit accounts you own. -
Is It Possible to Qualify for a Credit Card With Bad Credit?
There are credit cards designed for those whose credit is fair, poor, and even very poor or bad. In particular, a secured credit card allows those with bad credit or no credit history to build or rebuild their score. Until they’ve completed that process, they must retain the use of the card through a security deposit that usually serves as the maximum credit line for the account.
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What Types of Rewards Do Credit Cards Offer?
Credit card rewards come in a variety of forms, allowing cardholders to earn cash back, points, or miles for each dollar of spending. The earnings rates for rewards often vary by purchase type, with higher rewards available for certain categories of purchases.Cash back rewards are the most straightforward type and usually rebate a percentage of spending in the form of a check or statement credit. Rewards based on points or miles offer greater flexibility in how they are redeemed, whether as travel, gift cards, merchandise, or more.Some travel credit cards offer rewards for travel in general, which can be redeemed for purchases with any airline of hotel; other travel cards are co-branded with specific airlines or hotels, in which case they offer partner-specific points or miles. Co-branded cards provide less flexibility in redeeming rewards but potentially more value, provided you’re comfortable favoring a particular brand of airline or hotel chain. -
What Are Common Credit Card Benefits?
While issuers may prominently tout certain features of their cards, other benefits tend to be buried in cards’ fine print—including some you might not realize the card even offers.Here’s a quick list of benefits that are commonly offered with a range of card types:
Common Rewards Card Benefits- $0 fraud liability
- Primary or secondary auto-rental collision damage waiver coverage
- Roadside assistance hotline
- Price match
- Purchase coverage if items are stolen or damaged
- Extended warranties
- Refunds in cases of merchant dispute
Common Travel Rewards Card Benefits
- Trip cancellation/interruption/delay coverage
- Travel accident insurance
- Lost/delayed luggage coverage
Premium Card Benefits
- Airport lounge access
- TSA PreCheck/Global Entry fee reimbursement every four years
- Cell phone insurance coverage
- Concierge service
Methodology
We constantly monitor credit card offers from card-issuer websites and publicly available sources to find the best credit cards for our readers. Each credit card is evaluated based on its fees, rewards, welcome bonuses, introductory offers, features, and benefits so that we can determine a winner for each category. Card issuers update their cards on a regular basis, and when that happens, we update our card listings, reviews, and recommendations so our readers have the most reliable information and advice. You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.