The best credit cards of August, 2019
- Best credit card to save money: Capital One Quicksilver Cash Rewards
- Best travel credit card: Chase Sapphire Preferred Card
- Best no annual fee credit card: Chase Freedom
- Best credit card with no foreign transaction fees: Chase Sapphire Reserve
- Best gas credit card: Wells Fargo Propel American Express® Card
- Best credit card for freelancers: SimplyCash® Plus Business Credit Card from American Express
- Best business credit card: American Express® Business Gold Card
- Best credit card for college students: Journey Student Rewards from Capital One
The best credit card for you is the one that meets your needs and gives you the best benefits for your lifestyle. Whether you’re traveling abroad, starting a business, taking a road trip, or just looking to save on a big purchase, many cards comes with features that can increase your purchase power and make your life a little easier.
How we evaluated
Our experts have covered credit cards and studied card benefits for years, and have experience writing for outlets like the New York Times, Associated Press, Bankrate, and The Points Guy. We looked at credit cards from major banks as well as cobranded cards from issuers like retail stores, airlines, and hotels and evaluated our options to choose the best overall card in different situations.
- Many of the best cards come with an annual fee, but some cards offer perks each year that significantly defray (or even negate) the fee. The Chase Sapphire Reserve Card is a good example of this.
- APR rates and credit limits vary based on your individual credit. Credit limits and interest rates for each card are determined based on each cardholder’s personal situation, so we did not take that information into account when evaluating these cards. One thing to remember is that if you pay your card off in full every month, you will not be charged interest.
- Banks have the final say on who they accept for a credit card. These recommendations were put together with the assumption that applicants would have average credit or above. That being said, banks decide who they will issue credit cards to using criteria including, but not always limited to, an individual’s credit score when evaluating each applicant.
- Business credit cards work a bit differently. Nearly every business card requires a personal guarantee, which is an agreement between the business owner and the credit card issuer. It means the issuer can go after your personal assets to satisfy any balance owed if your business defaults on the card payments—even if you leave the company. That goes for expenses you or your employees charge to the credit card…..Read more>>