Choosing the right credit card for you depends on your spending habits and financial goals. Here are some of the best credit cards in the United States in February 2024, categorized by their strengths:
Chase Sapphire Preferred® Card:
This card offers a welcome bonus of 60,000 points after you spend $4,000 on purchases in the first 3 months from account opening. You can redeem points for travel, statement credits, or transfer them to travel partners. The card also has a $95 annual fee.
Pros:
Welcome Bonus: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. This is worth $750 towards travel when you redeem through Chase Ultimate Rewards®.
Flexible Rewards: Redeem points for travel, statement credits, or transfer them to travel partners.
No Foreign Transaction Fees: Use your card abroad without worrying about extra charges.
Travel Benefits: Includes travel insurance, primary car rental insurance, and DoorDash DashPass subscription credit.
Points Earning: Earn 2x points on travel and dining and 1x point on all other purchases.
Cons:
No Intro APR: You won’t get a 0% interest rate on purchases or balance transfers.
Annual Fee: There is a $95 annual fee that needs to be justified by the value you get from the card.
Not for Everyone: This card is best for frequent travelers who can maximize the rewards and benefits.
High Interest Rate: The regular purchase APR is high, so carrying a balance can be expensive.
Capital One Venture X Rewards Credit Card:
This card offers a welcome bonus of 75,000 miles after you spend $4,000 on purchases in the first 3 months from account opening. You can redeem miles for travel, statement credits, or transfer them to travel partners. The card also has a $395 annual fee.
* Earn 5x miles on hotels booked through Capital One Travel, 2x miles on all other travel purchases, and 1x mile on all other purchases. * Transfer miles to over 15 travel partners for increased flexibility. * Redeem miles for travel, statement credits, or gift cards.
* Lower bonus miles compared to some premium travel cards for non-travel purchases.
Travel Benefits
* Priority Pass Select membership grants access to over 1,300 airport lounges worldwide. * Capital One Lounges offer a more premium experience with complimentary food and drinks. * Includes travel insurance, primary car rental insurance, and Global Entry or TSA PreCheck® application fee credit.
* Lounge access restrictions may apply during peak hours. * Limited number of Capital One Lounges compared to other programs.
Annual Fee
* $395 annual fee can be offset by travel credits and annual bonus miles.
* Higher annual fee compared to some other travel reward cards.
Other Features
* No foreign transaction fees. * Includes extended warranty and purchase protection benefits.
* High regular purchase APR makes carrying a balance expensive.
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