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    You are at:Home » Best Credit Card to Apply For: Reviews, Benefits & More

    Best Credit Card to Apply For: Reviews, Benefits & More

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    By pps-DUEditor on April 28, 2021 Finance

    Millions of Americans use credit cards daily for all kinds of payments. A great benefit that credit cards offer is that you can use them to pay for things that otherwise may have been unaffordable. Today credit cards come with exciting rewards to suit individual preferences.

    Here are the pros and cons of the best credit cards you can find today.

    Bank of America Cash Rewards Credit Card for Students

    Pros

    Cashback of up to 3% on eligible spends in a choice of categories

    No minimum credit score requirement

    Helps build credit history and offers free access to FICO credit score online

    Access to credit maximizing advice

    It comes with a promotional 0% APR for 15 months

    Regular APR between 13.99% and 23.99%

    No annual fees

    $200 bonus for spends of over $1000 in the first 90 days

    Cons

    Higher interest rate for students with no/bad credit history

    Penalty APR can range up to 29.99%

    Quarterly limit of $2500 on spending in bonus rewards categories

    Citi Diamond Preferred Card

    Pros

    Ideal for balance transfers

    No annual fees

    Variable APR between 14.74% and 24.74%

    0% APR for 18 months on purchases/balance transfers

    Unauthorized purchase and identity theft protection

    Cons

    Balance transfers subject to 3% fees with a minimum of $5

    No rewards on charges made to the card

    High penalty APR

    Minimum credit score of 670

    Chase Freedom Flex

    Pros

    Up to 5% cashback on eligible spends including travel, dining, and daily expenditures

    Bonus of $200 cashback on spends exceeding $500 in the first three months

    Access to additional bonus categories with 5% cashback (maximum $1,500) every quarter

    No minimum cashback redemption amount

    Rewards don’t expire

    Variable APR between 14.99% and 23.74% after 15 months with 0% APR

    Cons

    Fees charged for balance transfers, cash advances, and transactions carried out abroad

    Good to excellent credit required to qualify

    When selecting a credit card, it is essential to understand exactly what you want it to deliver. With a bit of discipline, a good credit card can help you manage your finances and offer multiple rewards along the way.

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