Finding the best rewards cards for 2018 that you are eligible for will take some work. The work is generally part science and part art mixed together. There is no single “best” credit card across all different categories. Some credit cards might be better for some people over others. There are a lot of factors to take into consideration when searching for the right credit card offer. Below are some of the best ways to find a new card and some great rewards cards to consider this year.
Check Credit Score
Before you begin applying for any new credit card, it is wise to check your credit. Knowing your credit score ahead of time will allow you to find cards you are eligible for. The better and higher your credit score is, the better the credit cards you will be able to apply for. If you find a discrepancy in your credit report, it is best to take care of it before applying for any new credit cards.
Identify The Type Of Credit Card You Want
There are a variety of different credit cards. Some are great for repairing your damaged credit, some will save you money on interest when transferred from another credit card and some are great for earning credit card rewards for your purchases and balance transfers. Before comparing different cards, it is important to identify what features would meet your needs the most.
Applying For Rewards Cards
Rewards cards are perfect for those that like to try and pay off their credit card balances each month. When you pay off your balance each month before you pay interest, the rewards you earned will be done so at no cost. Some of these cards have higher interest rates than other types of cards.
- Chase’s Sapphire Preferred Rewards Card– This is a great card because you can earn up to 50,000 bonus points once you have spent over $4,000 in purchases within the first three months after opening your credit card account. Those points can equate to more than $600 worth of travel redemption credits when you use the Chase Ultimate Rewards plan. To apply for this card and have a good chance of approval, your credit score should be at least 690.
- Capital One’s Venture Reward Credit Card– This is another popular option for rewards cards. Once you spend at least $3,000 in your first three months in purchases, you can earn a single bonus of 50,000 points. You may also earn up to 2X miles for each purchase made every day. When you use the card to pay for hotels, you can earn up to 10X the rewards points. CNBC named this the top “Travel Rewards Credit Card” for 2018.
- Discover It Credit Card With Cash Back– When you first apply and get approved for this Discover card, you will have all the cash back you earned matched by the company at the end of the year. You won’t have to sign up to receive this offer and there is no limit to the amount of money they will match. If you pay for a lot using your credit card, you will receive a big bonus. You can earn one percent cash back on basic purchases and up to five percent on special purchases such as at restaurants, gas stations and grocery stores.