What is a good credit card?

There are several things that make a good credit card. Being widely accepted is very important so you can use it where you want. Providing rewards is the main reason why a lot of people use credit cards and some pay more than others. If you wish to use them to borrow, interest rates charged will also matter to you.

How do I get a credit card online?

You will first need to shop among the various credit card options that are out there. You will need to select the desired credit card company you wish to apply for and the particular card that suits you. You can then apply online with them and will either receive the decision instantly or after a manual review.

What credit score do I need to get a credit card?

The minimum credit score required to get approved for a credit card depends on the card, but you generally need good credit to be approved, in the mid 600’s or higher. Some cards will require that you be in the 700’s or higher. Secured cards can be obtained with any credit score provided that you put up a security deposit.

How can I apply for a credit card?

A lot of credit card applications are done online, and it is a simple process whereby you just answer a few questions about yourself. Applications for credit cards can also be taken over the phone or in person at your financial institution, for those who prefer personal service or don’t have access to the internet.

Which bank credit card is best?

The best bank credit card that you can get depends on which would suit your needs the best among those that you qualify for. From among this group, there is no one card that is best as this depends a lot on your particular needs. A low interest card with a fee won’t benefit you if you don’t pay interest for example.

Are credit cards worth it?

Credit cards aren’t a particular good way to borrow money compared to other lending products as they tend to charge a higher rate of interest. If you don’t have a cheaper option available and wish to use them to borrow this can become a good option. Credit cards also offer convenience as well as a way to earn rewards you would not otherwise earn.

How can I avoid paying my credit card annual fee?

The easiest way to avoid paying an annual fee on a credit card is to choose one that does not come with an annual fee. If you do choose one with an annual fee, it is important to view this fee as being worth it and therefore desirable to pay. The annual fee is often waived for the first year and you can always cancel the card later if desired.

How can I take payment by credit card?

You need a merchant account of some sort to take credit card payments. This will allow your account to be credited by credit card processing companies such as Visa, MasterCard, and American Express. Credit card payments can be made through point-of-sale terminals, mobile devices, or through online accounts such as PayPal.

Is it bad to withdraw cash from credit card?

Cash withdrawals from credit card accounts should only be used if there is no other way to obtain the cash you need. These withdrawals typically come with additional fees as well as paying interest on the withdrawal from the moment the cash is dispensed, unlike purchases, which come with an interest-free period.

What happens if I cancel a credit card?

When a credit card is cancelled, the credit card number is no longer valid and can never be used again for payment. This is important if the card has been lost or if it has been used fraudulently. If you are cancelling your account and not just the particular card number, the account will be closed and you will have to apply again to get it back.

What if I pay more than credit card bill?

If you pay more than your current balance, the remainder will be applied as a credit to your account. Credit card companies may issue a refund for this, but this takes time and the best thing to do is to just use the card to spend the additional funds that you have on account by making further purchases.

What should I know before getting a credit card?

It is important to have at least a basic understanding of the terms and conditions of a card prior to applying. Terms and conditions of cards are quite cumbersome but they still need to be reviewed. You both want to become familiar enough with the benefits of the card and your cardholder obligations before applying.

Test Table

Chase Freedom Unlimited®

5.0 Marketreview rating

on Chase's website

Rates & Fees

Annual fee

$0

Rewards rate

1.5%-5%

Cashback

Intro offer

$200

Recommended credit score

690-850 (Good - Excellent)

Get your free credit score

Purchase intro APR

0% intro APR on purchases for 15 months

Balance transfer intro APR

0% intro APR on balance transfers for 15 months

Regular APR

18.24%-27.74% Variable APR

Rewards breakdown

Cash back on travel purchased through Chase Travel℠.

Cash back on drugstore purchases.

Cash back on dining at restaurants, including takeout and eligible delivery services.

Cash back on all other purchases.

Card details

Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening
Enjoy 5% cash back on travel purchased through Chase Travel℠, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases.
No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.24% – 27.74%.
No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.
Member FDIC
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Pros

Cons

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Capital One Venture X Rewards Credit Card

4.9 Marketreview rating

on Chase's website

Rates & Fees

Annual fee

$395

Rewards rate

2x-10x

Miles

Intro offer

$75,000

Purchase intro APR

19.49%-28.49% Variable APR

Balance transfer intro APR

0% intro APR on balance transfers for 15 months

Recommended credit score

720-850(Excellent)

Get your free credit score

Rewards breakdown

Miles on hotels and rental cars booked through Capital One Travel.

Miles on flights and vacation rentals booked through Capital One Travel.

Miles on all other purchases.

Card details

Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
Receive a $300 annual credit for bookings through Capital One Travel, where you’ll get Capital One’s best prices on thousands of trip options
Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights and vacation rentals booked through Capital One Travel
Earn unlimited 2X miles on all other purchases
Enjoy access to 1,300+ lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
Receive up to a $120 credit for Global Entry or TSA PreCheck®
Top rated mobile app
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Discover it® Cash Back - 18 Month Intro Balance Transfer Offer

4.9 Marketreview rating

on Discover's website, or call

800-347-0264

Rates & Fees

Annual fee

$0

Rewards rate

1%-5%

Cashback

Intro offer

Cashback Match™

Recommended credit score

690-850(Good - Excellent)

Get your free credit score

Purchase intro APR

0% intro APR on purchases for 6 months

Balance transfer intro APR

0% intro APR on balance transfers for 18 months

Regular APR

17.49%-26.49% Variable APR

Rewards breakdown

Cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate.

Cash back on all other purchases.

Card details

INTRO OFFER: Unlimited Cashback Match for all new cardmembers. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases.
Redeem cash back for any amount. No annual fee.
Get a 0% intro APR for 18 months on balance transfers. Then 17.49% to 26.49% Standard Variable APR applies, based on credit worthiness.
Terms and conditions apply.
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