Whether you want travel rewards or easier financing terms, it is crucial to have the best credit cards. Notably, the best credit cards on the market today come with plenty of rewards that you cannot get with any other product. Those special rewards can include things like travel insurance, price protection, and cash back rewards. Now, are you struggling to find the best credit cards? You will struggle no more since this article will exclusively explore on 5 best credit cards of 2016.
1. BankAmericard Travel Rewards Credit Card
If you want travel rewards without an annual fee or foreign transaction costs, then this card is the right choice for you. With this card, you can earn unlimited 1.5 points per $1 that you spend on all purchases. If you make purchases of at least $1,000 in the first 3 months, you will get 20,000 online bonus points. Your points do not expire, and you can redeem them for a statement credit to pay for cruises, flights, vacation packages, hotels, or baggage fees. Additionally, the card does not limit you to specific websites with blackout restrictions.
2. Chase Slate Card
Are you searching for a card to use over this year with no interest and no charge for an introductory balance transfer fee? Chase Slate is perfect for you because it has a $0 annual fee. The card has $0 balance transfer offer for transfers that you make in the first 2 months. This card also has $0 introductory (APR) Annual Percentage Rate of charge for purchases you made in 15 months and balance transfers. Besides, your interest rate will not rise due to late payments.
3. Citi Simplicity Card
If you have been looking for a card with the longest 0% introductory APR periods, consider Citi Simplicity card. The card has 0% introductory APR on your purchases and balances transfer for 21 months, but depending on your creditworthiness, the variable APR will be 13.24%-23.24% over the 21 months. The good thing about this card is that there is no late fee, penalty rate, or annual fee. Notably, there is a balance transfer fee of 3% of the amounts of each transfer.
4. Capital One Venture Rewards Credit Card
This card offers double travel rewards with easy redemption. If you use this card to spend $3,000 on purchases in the first 3 months, you will enjoy a one-time bonus of 40,000 miles. With this card, you can fly any airline you would like. The card has no fee for foreign transaction and no annual fee in the first year. Besides, there is no boundary to how many miles you can earn and no expiration.
5. Barclaycard Ring MasterCard
The card has one of the lowest interest rates. However, you can start saving because it has no balance transfer fees. Additionally, this card has a low variable APR on purchases and balance transfers. You can choose the benefits and features of your card without any annual charge. With this card, you can be rewarded through a new program known as Giveback, where you get money back for your good performance.
There you have it, 5 best credit cards of 2016.
Do your own research and don’t settle if these credit cards aren’t what you’re looking for! Perhaps you’re looking for a card with a 0 APR balance transfer offer while also being a fuel card, or a credit card reward travel system. Just because they’re the best credit cards of 2016, doesn’t mean that they’re the best cards for you, specifically!
Sourced from: NerdWallet
Featured Image: Photo by Wonderlane / CC by