The moment you realize that you need a credit card, you are faced with hundreds of choices that make it really confusing to pick out the best credit card. First, you have to decide what is more important to you, is it cash back rewards, low rates, travel rewards or grocery rewards? Whatever your need is, you still have a long list in each of these categories. That’s why we decided to give you a tailored list in this article, of the 13 best credit cards you can bank on in 2021. Check out the list and details below depending on your credit rating and other factors;
01 Best Credit Card for Good Credit: Chase Sapphire Preferred
Firstly, if you have a good credit rating, you need to check out the Chase Sapphire Preferred Card. It is one of the best credit cards in this category. The card offers 50,000 bonus points to cardholders for spending $4,000 on travel within the first three months of account opening. This 50,000 bonus points is worth $625 when redeemed through Chase Ultimate Rewards.
Subsequently, you’ll earn two points for every dollar you spend on travel and dining purchases and one point for every dollar you spend on all other purchases. Rewards are worth 25% more when you redeem them through Chase Ultimate Rewards.
Important Pricing: The regular APR is 18.24% to 25.24%. The $95 annual fee is waived in the first year.
02 Best Credit Card for Rewards: Capital One Savor Rewards Credit Card
For those that are looking for the best credit cards in the rewards category, Capital One Savor Rewards Credit Card ranks first. This card offers a one-time $500 cash bonus after you spend $3,000 on purchases within three months of opening your account. After that, you’ll earn unlimited 4% cash back on dining and entertainment; 2% back at grocery stores; and 1% back on all other purchases.
You’ll need excellent credit to qualify for the Capital One Savor Rewards credit card which comes with a few other perks including extended warranty, price protection, complimentary concierge services, and 24-hour travel assistance.
Important Pricing: The regular APR is 16.74% to 25.74%, based on your creditworthiness. The $95 annual fee is waived in the first year.
03 Best Credit Card For Cash Back: Blue Cash Preferred from American Express
Blue Cash Preferred from American Express tops the cash back category with a $200 bonus statement credit after you spend $1,000 on purchases within the first three months of opening your account.
You’ll earn 6% cash back rewards at U.S. supermarkets, up to $6,000 in purchases each year; 3% cash rewards on purchases at U.S. gas stations; and 1% on everything else including grocery purchases past the annual $6,000 threshold. You can earn $360 in cash back just by maxing out the grocery rewards.
Important Pricing: The regular APR after the 12-month 0% introductory promotional period ends is 15.24% to 26.24%. The annual fee is $95.
04 Best Credit Card For Travel: Chase Sapphire Reserve
Chase Sapphire Reserve Card is one of the best travel cards in the market with a huge a sign up bonus, amazing perks, and a higher annual fee. Cardholders earn 50,000 bonus points after spending $4,000 on purchases within the first three months of account opening and you could exchange them for up to $750 in travel credit.
Subsequently, you’ll earn three points per dollar on travel after you earn your $300 annual travel credit; 3 points per dollar on dining worldwide; and 1.point per dollar on everything else. Points are worth 50% more when you redeem them through Chase Ultimate Rewards.
On top of the rewards, you’ll receive a $100 application fee credit for Global Entry or PreCheck, access to airport lounges, and special rental car privileges with partner agencies when you book with your card.
Important Pricing: The regular APR is 19.24% to 26.24%. The annual fee is $450 for the primary cardholder and $75 for any additional authorized users (up to four).
Interested in reading more reviews? Check out our list of the best travel rewards credit cards you can apply for now.
05 Best Credit Card For Business: Chase Ink Business Preferred
With the Chase Ink Business Preferred, you can earn 80,000 bonus points for your business after you spend $5,000 on purchases in the first three months of account opening. You can redeem your bonus through Chase Ultimate Rewards and it’s worth up to $1,000 toward travel.
You’ll earn 3 points per $1 on the first $150,000 spending in certain business categories each year. Categories include travel, shipping, internet, cable, phone, as well as social media/search engine advertising purchases. All your other card purchases will earn one point per dollar with no limits.
Points are worth 25% more when you redeem them for airfare, hotels, car rentals, and cruises through Chase Ultimate Rewards. Plus, you can transfer points between other partner rewards programs with 1:1 transfer.
Important Pricing: APR is 18.24% to 23.24%. The annual fee is $95 and there’s no foreign transaction fee.
06 Best Airline: Gold Delta SkyMiles Credit Card
If you fly regularly, Gold Delta SkyMiles Credit Card offers 30,000 bonus miles for spending $1,000 on purchases within the first three months of opening your account. Plus you’ll receive a $50 statement credit after you make a Delta purchase with your card in the first three months.
After that, you’ll earn two miles per dollar spent on Delta purchases and one mile for every dollar you spend on all other credit card purchases. Your Gold Delta SkyMiles waives the fee on your first checked bag and you’ll also get Main Cabin 1 priority boarding.
Important Pricing: The regular APR is 17.99% to 26.99% based on your creditworthiness. The $95 annual fee is waived in the first year and there’s no foreign transaction fee.
07 Best Low Interest Rate: USAA Visa Platinum Credit Card
The USAA Visa Platinum Credit Card has a low 8.90% interest rate on purchases — one of the lowest interest rates any credit card can offer. The only caveat: you must be a current or retired member of the military or the immediate family member of a current or retired member of the military to join USAA and apply.
If you’re eligible and you get the USAA Visa Platinum Card, you can earn 2,500 bonus points with your first purchase — no minimum spending amount required. Ongoing, you’ll earn one point for every dollar you spend on all purchases. There’s no limit to the amount of points you can earn and your points never expire.
Important Pricing: After a six-month 0% promotional period, the regular APR is 8.90 to 25.90%. There is no annual fee.
08 Best Balance Transfer: U.S. Bank Visa Platinum
If you’re looking for a credit card with a long promotional period, the U.S. Bank Visa Platinum is the answer. Enjoy 0% APR on purchases and balance transfers for the first 18 billing cycles. There aren’t many extra rewards beyond the promotional interest rate. You do get up to $1,200 in cell phone protection each year when you pay your cell phone bill with your credit card. If you’re currently paying insurance through your cell service provider, you cancel and save on your monthly cell phone bill.
Important Pricing: The regular APR after the promotional period ends is 14.74% to 25.74%. There’s no annual fee.
09 Best for Bad Credit: Open Sky Secured Credit Card
Having recent delinquencies or bankruptcy can make it tough to get approved for most credit cards — even some secured ones. The Open Sky Secured credit card doesn’t require a credit check which means you can be approved if you have trouble clearing other credit card applications. You can open your card by making a security deposit between $200 to $3,000 via debit card, wire transfer to Capital Bank, Western Union, or by mailing a check or money order.
While Open Sky does report your credit history to the three major credit bureaus, your card won’t convert to an unsecured credit card no matter how well you manage your account. After you manage your account well for several months, you may qualify for an unsecured credit card with another credit card issuer.
Important Pricing: The APR is 19.39%. The annual fee is $35.
10 Best Secured: Discover it Secured
The Discover it Secured credit card pays 1% cash back at restaurants or gas stations on up to $1,000 in combined purchases each quarter and 2% cash back on all other purchases. Plus, as a bonus, Discover will automatically match all the cash back you earn in your first year.
To open a Discover it Secured credit card, you can make a security deposit between $200 and $2,500. (Your credit limit is equal to your security deposit.) Starting at eight months, Discover will review your account history to determine whether you can receive a refund of your security deposit and keep your credit limit.
Important Pricing: The APR is 24.99% and there is no annual fee.
11 Best for Building Credit: Capital One Platinum Credit Card
Rebuilding your credit starts with finding a credit card that will approve you — as you are. The Capital One Platinum MasterCard is a great credit card for getting your credit history back on track. While the card has “Platinum” in the name, you shouldn’t expect any great rewards or perks — it’s just a regular credit card. Once you’re approved, you’ll automatically be considered for a credit limit increase if you make your first five monthly payments on time.
Important Pricing: The APR is 26.96% and there is no annual fee.
12 Best for Students: Discover it Student Cash Back
Next, the Discover it for Students credit card lets you earn 5% cash back on up to $1,500 you spend on purchases in categories that rotate each month. Plus, you’ll earn 1% cash back on everything else. You must sign up to earn the 5% cash back in the bonus categories. At the end of your first year as a cardholder, Discover will match, dollar-for-dollar, all the cash you’ve earned.
Keep your grades up and you can also earn a $20 cash back bonus each school year your GPA is 3.0 or higher. You can cash in on this bonus for up to five years.
Important Pricing: There’s no annual fee. Receive a 0% introductory APR for six months. After that, the regular APR is 14.99% to 23.99%.
13 Best for Average Credit: Capital One QuicksilverOne Card
Lastly, the Capital One QuicksilverOne Card offers an unlimited 1.5% cash back on all your purchases. The card also comes with 24-hour travel assistance services, travel accident insurance, and extended warranty benefits. And if you’re a jetsetter, you’ll be pleased to know that there are also no foreign transaction fees, so you can swipe knowing you’re getting the best currency exchange rate possible. Prefer traveling by car? Auto rental collision damage is also covered if you’re making your reservation with this card.
Important Pricing: The APR is 26.99% and there’s a $39 annual fee.