Best Credit Cards To Start The New Year With
- Stacy J
- Feb 22, 2022
- 3 min read
This article is from our print magazine issued January 1st 2022. To order a copy of the magazine please do so here.
Not all credit cards are created equal. The right credit card for you will depend upon a variety of factors including your credit score and history, what rewards you will benefit the most from, and your current situation. Whether you need to build your credit history or you have established good credit over a number of years, we have created a list of the best credit cards that will help you start the year off right.
Best Credit Card for Families: American Express Blue Cash Preferred® Card
The American Express Blue Cash Preferred® Card is an excellent credit card for families. Account-holders can expect to receive cash back on some of the biggest spending categories for families, including 6% back on groceries and streaming services. This card offers 3% cash back on transit and gas, and 1% cash back on other purchases. When you have a large family, these savings can add up quickly!
Best Credit Card for Cash-Back: Chase Freedom Unlimited® Card
Perhaps the biggest benefit of the Chase Freedom Unlimited® Card is the $200 bonus you can receive after spending $500 on purchases within your first 3 months from account opening. After that, you can expect to receive 5% cash back on grocery store purchases, 3% cash back on dining, and 1.5% back on all other purchases. The $0 annual fee and 0% APR for the first 15 months is the icing on the cake!
Best Credit Card to Build Credit History: Discover It® Secured Credit Card
The Discover It® Secured Credit Card is one of the highest-rated credit cards for building credit that we found in our research. While a minimum security deposit of $200 is required to open an account, your account is reviewed at 8 months to determine if you qualify to “graduate” after showing responsible credit usage over time. Graduating will help increase your credit score! One perk of this credit card is that you can use your rewards towards your purchases on Amazon.
Best Credit Card for Travel Rewards: Citi Premier® Card
Traveling can be expensive, so why not get rewards back for that money spent? With the Citi Premier® Card, you can receive 80,000 bonus points when you spend $4,000 in your first three months after opening your account. You can choose to redeem these points on travel rewards or $800 in gift cards! In addition, you earn 3X points on air travel, hotels, restaurants, gas stations, and supermarkets. Plus, you get an additional 1X points back on all other purchases. Once per year, you can get a $100 hotel savings benefit off of a $500 or more hotel stay, when booked through thankyou.com. There are also no foreign transaction fees, so you are free to travel the world!
Best Credit Card for Students: Discover It® Student Cash Back
Discover It® Student Cash Back offers a $20 statement credit each school year when your GPA is 3.0 or higher! At the end of the year, Discover automatically offers a cash back match that can double your rewards. There’s no minimum spending or maximum rewards. Students earn 5% cash back on select categories that rotate throughout the year. Another perk is the ability to use your cash back rewards instantly when you shop on Amazon or pay with PayPal. Bonus, your rewards never expire!
As long as you pay off your balance at the end of every billing cycle, a credit card can be a great way to save money! With cash back rewards, you can use those savings towards upcoming expenses or simply as fun money. Submit an application for the credit card that works best for your situation and begin to reap the benefits all year long!Grow, live, and change the world. Keep growing and inspiring.
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Content writer for this article is Alissa Klenk
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