What are the Best Credit Cards of 2018?

Credit cards have become a popular payment option for consumers worldwide due to their convenience, security, and reward programs. With so many options available in the market, it can be overwhelming to choose the right credit card that suits your needs. In this article, we will discuss the best credit cards of 2018 based on their features, rewards, and benefits.

Cashback Credit Cards

Cashback credit cards are a popular choice for consumers who want to earn rewards on their purchases. The Chase Freedom Unlimited credit card offers unlimited 1.5% cashback on all purchases, with no minimum redemption requirement. Another great option is the Citi Double Cash credit card, which offers 1% cashback on all purchases and an additional 1% cashback upon payment.

Travel Credit Cards

For frequent travelers, a travel credit card can be an excellent option to earn points and miles towards flights, hotels, and other travel expenses. The Chase Sapphire Preferred credit card is a popular choice that offers 2x points on travel and dining, as well as a sign-up bonus of 60,000 points after spending $4,000 in the first three months. The American Express Platinum card is another great option that offers airport lounge access, statement credits for travel expenses, and a sign-up bonus of 60,000 points after spending $5,000 in the first three months.

Balance Transfer Credit Cards

If you have high-interest debt on another credit card, a balance transfer credit card can help you save money on interest charges. The Discover it Balance Transfer credit card offers 0% APR for 18 months on balance transfers, with no annual fee and cashback rewards on purchases. The Citi Simplicity credit card also offers 0% APR for 21 months on balance transfers, with no late fees or annual fees.

Secured Credit Cards

For consumers with no credit or poor credit, a secured credit card can be a great way to build credit history and improve their credit score. The Capital One Secured Mastercard is a popular option that requires a security deposit but offers no annual fee and access to a higher credit line after making on-time payments for five months. Another great option is the Discover it Secured credit card, which offers cashback rewards on purchases and free access to the FICO credit score.

Tips for Choosing a Credit Card

When choosing a credit card, it's essential to consider your spending habits, credit score, and financial goals. Look for a credit card that offers rewards and benefits that align with your needs and has a low-interest rate and no annual fee. It's also important to read the fine print and understand the terms and conditions, such as fees, penalties, and reward expiration dates.

In conclusion, credit cards can be a valuable tool for managing your finances and earning rewards on your purchases. By choosing the right credit card that fits your needs, you can save money, build credit, and enjoy various benefits. However, it's crucial to use credit cards responsibly and avoid overspending or carrying a balance that can lead to debt and damage your credit score.