Compare Credit Cards: Comparison of the 18 Best Offers (2017)

Compare Credit Cards: Comparison of the 18 Best Offers (2017)

credit card advice

Brittney Mayer
By: Brittney Mayer
Posted: November 1, 2017
Opinions expressed here are ours alone, and are not provided, endorsed, or approved by any issuer. Site may be compensated through the issuer affiliate programs.

People have been using physical currency to transfer value for more than 2,500 years. Despite its long history, however, many Americans think that cash may be on its way out. According to a 2016 Gallup survey on the future of cash, a full 62% of those surveyed felt it was likely that they would see the end of cash within their lifetimes — including almost 60% of respondents 65 and older.

As it turns out, they could be right. The modern American is relying less and less on cash, with only 46% of people using cash for half or more of their purchases, and 12% now abstaining from using cash altogether. And who can blame them? Between the convenience, security, and usage rewards that come with using alternative payment methods, like credit cards, using cash to make purchases can seem so yesterday.

Yes, instead of wondering where they can find change for a $20 bill, the average American seems to be wondering, “Which credit card should I get?” Which is, of course, an important question with so many quality credit cards available from which to choose. The best method is to compare your options side by side to see which options work best for you.

Cash Back | Travel Rewards | Balance Transfer | Business | Students | Bad Credit

Compare the Best “Cash Back” Card Offers

A good cash back program is like a coupon that’s valid everywhere your credit card is accepted, giving you a percentage of your purchases as a statement credit or gift card. When it comes to comparing cash back offers, the main factor to consider is the nature of the cash back program; you’ll need to decide whether you want your cash back to be an unlimited flat rate, or if you want to receive bonus cash back rewards for spending in specific categories.

In general, an unlimited flat-rate cash back program will offer a small percentage — 1.5% tends to be average — on any purchase made with your card. Some programs may offer a larger cash back rate in specific set categories, such as gas or restaurant purchases, while offering a smaller unlimited rate on other purchases. And another popular type of cash back program offers a large cash back rate in quarterly rotating categories, with a small unlimited flat rate on everything else.

CASH BACK RATING

★★★★★
5.0

OVERALL RATING

5.0/5.0
  • Unlimited 1.5% cash back on every purchase — it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
15.99% - 24.74% Variable
$0
Excellent/Good
Discover it® - Cashback Match™ Review

at Discover Card'ssecure website

CASH BACK RATING

★★★★★
5.0

OVERALL RATING

5.0/5.0
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
  • INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • Use your rewards instantly at Amazon.com checkout.
  • No annual fee.
  • Click "APPLY NOW" to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 14 months
0% for 14 months
11.99% - 23.99% Variable
$0
Good/Excellent
Discover it® - 18 Month Balance Transfer Offer Review

at Discover Card'ssecure website

CASH BACK RATING

★★★★★
4.9

OVERALL RATING

4.9/5.0
  • INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • New! Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 6 months
0% for 18 months
11.99% - 23.99% Variable
$0
Good/Excellent

+Compare More Cash Back Cards

An additional factor to consider when comparing cash back offers is the signup bonus offered by the card. Many credit cards will give you a set bonus amount for reaching specific spending requirements within a certain time period, typically 90 days after account opening. Discover also has a unique program in which cardholders receive an amount equal to their total cash back rewards at the end of the first year, which can really add up.

Of course, the thing to remember about signup bonuses is the spending requirement. If you can’t meet the required amount without carrying that debt for months (or, worse, years) afterward, then the signup bonus may lose its value. It only takes six months to negate a $200 signup bonus when you’re paying 20% interest on a $2,000 balance.

Compare the Best “Travel Rewards” Card Offers

In many ways, travel rewards operate very similarly to cash back rewards, offering a certain number of rewards points or airline miles for every qualifying credit card purchase. These programs will generally offer a flat-rate point-per-dollar reward, with some programs also offering bonus rewards for spending in specific categories such as travel and dining.

Also like cash back cards, travel rewards cards will often come with signup bonuses, granting a lump sum of points or miles for hitting specified spending requirements, so be sure to take that into account when comparing offers. You’ll also want to look at any applicable annual fees, as these can take a significant bite out of your rewards.

AIR MILES RATING

★★★★★
5.0

OVERALL RATING

4.9/5.0
  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn unlimited 2X miles per dollar on every purchase, every day
  • Fly any airline, stay at any hotel, anytime
  • Travel when you want with no blackout dates
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • No foreign transaction fees
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
13.99% - 23.99% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

AIR MILES RATING

★★★★★
4.9

OVERALL RATING

4.9/5.0
  • Enjoy a one-time bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn unlimited 1.25 miles per dollar on every purchase, every day and pay no annual fee
  • Fly any airline, stay at any hotel, anytime
  • Enjoy a low intro APR on purchases for 12 months; 12.99%-22.99% variable APR after that
  • Travel when you want with no blackout dates
  • No foreign transaction fees
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 12 months
N/A
12.99% - 22.99% (Variable)
$0
Excellent, Good

AIR MILES RATING

★★★★★
4.9

OVERALL RATING

4.8/5.0
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
16.99% - 23.99% Variable
Introductory Annual Fee of $0 the first year, then $95
Excellent Credit

+Compare More Travel Rewards Cards

While travel rewards will be most useful for those who frequently travel, they can be beneficial to those who don’t live in the proverbial saddle, as well. In fact, redeeming your rewards for travel — and, sometimes, travel-related purchases — can often present the greatest per-point value.

For instance, the Chase Ultimate Rewards points earned with the Chase Sapphire Preferred credit card can be redeemed for cash back via a statement credit, giving a value of $0.01 per point back as cash back. This means every 10,000 Ultimate Rewards points can be redeemed for $100 in cash back.

Graph of Chase Ultimate Rewards Redemption Value

This chart from ValuePenguin shows the relative dollar-per-point value for different redemption methods of Chase Ultimate Rewards.

On the other hand, when Ultimate Rewards points are redeemed via the Chase portal for airline travel, they can net $0.0125 per point, making those 10,000 points worth $125 in travel. Particularly travel-reward-savvy users can get even more bang for their buck (or pow for their point, as the case may be) by transferring rewards to one of the dozen or so airline and hotel partners, earning up to $0.04 per point with smart transfers.

Compare the Best “Balance Transfer” Card Offers

For many, the most impactful downside to credit cards is the interest fees they charge for carrying a balance. Often ranging from 12% up to 30% (or more), interest fees can turn even a small balance into a big burden over time. Thankfully, those who need a little relief from killer interest rates can often find it with a quality balance transfer credit card.

Pretty much as it sounds, a balance transfer involves transferring the balance on one credit card to a second credit card with a lower interest rate. Thus, when comparing balance transfer cards, the main factor to consider will be the interest rate charged by the new credit card. Typically, balance transfer credit card offers will provide 0% APR on new balance transfers for a set period of time, often 12 to 18 months, so compare offers for the best introductory rate.

Discover it® - 18 Month Balance Transfer Offer Review

at Discover Card'ssecure website

0% BALANCE TRANSFER RATING

★★★★★
5.0

OVERALL RATING

4.9/5.0
  • INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • 100% U.S. based customer service.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • New! Receive FREE Social Security number alerts-Discover will monitor thousands of risky websites when you sign up.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 6 months
0% for 18 months
11.99% - 23.99% Variable
$0
Good/Excellent

0% BALANCE TRANSFER RATING

★★★★★
4.9

OVERALL RATING

5.0/5.0
  • Unlimited 1.5% cash back on every purchase — it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
15.99% - 24.74% Variable
$0
Excellent/Good
Discover it® - Cashback Match™ Review

at Discover Card'ssecure website

0% BALANCE TRANSFER RATING

★★★★★
4.9

OVERALL RATING

5.0/5.0
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
  • INTRO OFFER: Discover will match ALL the cash back earned at the end of your first year, automatically.
  • Redeem your cash back for any amount, any time. Cash rewards never expire.
  • Use your rewards instantly at Amazon.com checkout.
  • No annual fee.
  • Click "APPLY NOW" to see rates, rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 14 months
0% for 14 months
11.99% - 23.99% Variable
$0
Good/Excellent

+Compare More Balance Transfer Cards

Another factor to consider when comparing balance transfer offers is the transfer fee charged by the credit card. Most credit cards will charge between 3% and 5% of the total balance being transferred, although the Chase Slate credit card does not charge a balance transfer fee on transfers made within the first 60 days of account opening. The caveat with that deal, however, is that you cannot transfer the balance from one Chase credit card to another Chase card.

Compare the Best “Business” Card Offers

For the most part, comparing credit cards for your business is the same as comparing personal credit cards. Business have many of the same costs and credit cards come with many of the same perks as consumer cards, including cash back and travel rewards.

When looking at business cards, you’ll want to compare reward types and amounts, the size of (and requirements for) the signup bonus, and the annual fee you’ll need to pay. Additionally, be sure to check out the APR, especially if you know you’ll have to carry the occasional balance. If you have employees who will be using the company card to make purchases, you’ll also want to look into any fees for additional cards when comparing offers.

BUSINESS CARD RATING

★★★★★
4.9

OVERALL RATING

4.9/5.0
  • Earning unlimited 2% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account opening
  • Use Spark Cash across all your business spend, with no categories to limit your purchasing
  • $0 intro annual fee for the first year; $95 after that
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
  • Get employee cards at no additional cost, and earn rewards from their business spend
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
17.99% (Variable)
$0 intro for first year; $95 after that
Excellent, Good

BUSINESS CARD RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn 1.5 miles per $1 on every purchase, every day
  • Plus, a one-time bonus of 20,000 miles once you spend $3,000 on purchases within 3 months from account opening
  • Miles won't expire for the life of the account, and there are no categories to limit where or what you buy
  • Save on interest with 0% intro APR on purchases for 9 months; 13.99%-21.99% variable APR after that
  • Pay no annual fee or foreign transaction fees
  • Get online Quarterly and Year-End Summaries
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 9 months
N/A
13.99% - 21.99% (Variable)
$0
Excellent, Good

BUSINESS CARD RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earning unlimited 1.5% cash back could mean thousands of dollars each year going back into your business
  • Plus, a one-time $200 cash bonus once you spend $3,000 on purchases within 3 months from account opening
  • Save on interest with 0% intro APR on purchases for 9 months; 13.99%-21.99% variable APR after that
  • No annual fee
  • Use Spark Cash Select across all your business spend, with no categories to limit your purchasing
  • Rewards won't expire for the life of the account, and you can redeem your cash back for any amount
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 9 months
N/A
13.99% - 21.99% (Variable)
$0
Excellent, Good

+Compare More Business Cards

Another major comparison point for business cards will be the qualification requirements. While your personal credit can influence your ability to obtain a business credit card, your company will also develop its own business credit score and history over time. New businesses without established business credit may have a more difficult time obtaining the best business credit cards than established companies with long credit histories.

Compare the Best “Student” Card Offers

Be it academic lessons in the classroom, interpersonal lessons in the dorm room, or life lessons in the common room, your job as a student is to learn. And, as a student, one of the most important skills you can learn is to properly use and manage credit. Thankfully, while some credit card issuers may blanch at your lack of credit history, others are more than happy to help you learn.

As you compare student credit cards, you’ll learn to weigh many of the same options as do other credit card users, like deciding between flat-rate or category-based cash back rewards. You’ll also face a few options that may not be as important to other cardholders, such as whether a card offers bonus rewards for good grades — or whether the issuer reports to all three of the major credit bureaus, an important part of building your credit.

Discover it® for Students Review

at Discover Card'ssecure website

STUDENT RATING

★★★★★
4.9

OVERALL RATING

4.5/5.0
  • Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
  • Good Grades Rewards: $20 cash back each school year your GPA is 3.0 or higher for up to the next 5 years.
  • No annual fee. No late fee on first late payment. No APR change for paying late.
  • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Freeze It® on/off switch for your account that prevents new purchases, cash advances & balance transfers in seconds.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 6 months
10.99% for 6 months
13.99% - 22.99% Variable
$0
Fair
Discover it® chrome for Students Review

at Discover Card'ssecure website

STUDENT RATING

★★★★★
4.8

OVERALL RATING

4.0/5.0
  • Get a dollar-for-dollar match of all the cash back you've earned at the end of your first year, automatically.
  • 2% cash back at restaurants and gas stations on up to $1,000 in combined purchases every quarter - no sign-ups needed. 1% cash back on all your other purchases.
  • Good Grades Rewards: $20 cash back each school year your GPA is 3.0 or higher for up to the next 5 years.
  • No annual fee. No late fee on first late payment. No APR change for paying late.
  • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • Freeze It® on/off switch for your account that prevents new purchases, cash advances & balance transfers in seconds.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 6 months
10.99% for 6 months
13.99% - 22.99% Variable
$0
Fair

STUDENT RATING

★★★★★
4.8

OVERALL RATING

4.2/5.0
  • Earn 1% cash back on all your purchases. Pay on time to boost your cash back to a total of 1.25% for that month
  • There's no limit to the amount of cash back you can earn, and rewards won't expire for the life of the account
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Pay no annual or foreign transaction fees
  • Fraud coverage if your card is lost or stolen
  • Pick the monthly due date that works best for you
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
24.99% (Variable)
$0
Average, Fair, Limited

+Compare More Student Cards

Credit cards that report to the major bureaus are a key comparison point for student credit cards. One of the most important reasons to get a student credit card in the first place is to use the one advantage you have as credit novice: time. The earlier you start building a positive credit history, the better off your credit will be in the long run. Specifically, it’s important to establish credit early because of the impacts of the age of your credit accounts on your overall credit score.

Credit History Length Graphic

In fact, the length of your credit history, also called the average age of accounts, represents a full 15% of your FICO credit score. This means that no matter how perfect the rest of your credit is, your credit score will never reach similar perfection without a long, well-established credit history — and the only thing that can truly increase the length of your credit history is time.

Compare the Best “Bad Credit” Card Offers

One of the many facts of life — perhaps the fact of life — is, simply, “stuff happens.” Sometimes, all the planning in the world can’t prevent or solve some problems, and the consequences can often have long-term effects. When those effects are to your finances, your credit can suffer, making it difficult — but not impossible — to obtain new credit through traditional methods — but not impossible.

When comparing credit cards for poor credit consumers, the main point of comparison will be unsecured versus secured cards. With bad credit, unsecured credit cards will be harder to obtain from prime issuers, so you will need to obtain a subprime credit card. These cards often have very high interest rates and may also have large fees. Secured cards, on the other hand, require a security deposit to open, and your credit limit will be restricted to the size of your deposit.

Fingerhut Credit Account Review

at Fingerhut'ssecure website

BAD CREDIT RATING

★★★★★
4.7

OVERALL RATING

4.0/5.0
  • Holiday gifts they'll like, payments you'll love! Use your line of credit to shop over 550,000 items from great brands like Samsung, KitchenAid, and DeWalt
  • Take advantage of low monthly payments if you apply and are accepted for a Fingerhut Credit Account issued by WebBank, who determines eligibility and qualifications for the terms of credit
  • Fast, easy online application process and a quick decision
  • Not an access card
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
See Issuer Website
$0
Poor Credit

BAD CREDIT RATING

★★★★★
4.6

OVERALL RATING

4.0/5.0
  • No annual fee, and all the credit building benefits with responsible card use
  • Unlike a prepaid card, it builds credit when used responsibly, with regular reporting to the 3 major credit bureaus
  • You will get an initial $200 credit line after making a security deposit of $49, $99, or $200, determined based on your creditworthiness
  • Get access to a higher credit line after making your first 5 monthly payments on time with no additional deposit needed
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • It's a credit card accepted at millions of locations worldwide
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
24.99% (Variable)
$0
Limited, Bad
Total Visa® Card Review

at the issuer'ssecure website

BAD CREDIT RATING

★★★★★
4.5

OVERALL RATING

3.5/5.0
  • Checking Account Required
  • Fast and easy application process; response provided in seconds
  • A genuine VISA card accepted by merchants nationwide across the USA and online
  • Manageable monthly payments
  • If approved, simply pay a Processing Fee to open your account and access your available credit
  • Reports monthly to all three major credit bureaus
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
See Terms
See Terms
Fair, Bad Credit

+Compare More Bad Credit Cards

Another option for those with poor credit will be limited brand or store credit cards. While only usable for specific locations or brands, these credit cards are often easier to obtain than unsecured credit cards from major issuers. Look for cards that report to all three credit bureaus to ensure your new credit card is helping to grow and improve your credit score.

Shop Around to Find the Best Card for You

Not so long ago, the average American toted around pocketfuls of cash and coins with which to make his or her daily purchases, often literally weighed down by the currency needed to operate in the world. Today, more and more shoppers are using plastic, not paper, for their purchases, lured by the convenience, security, and rewards represented by alternative currency formats.

Finding the right credit card is simply a matter of a little research and some solid comparison shopping. Consider each aspect of your new card, including rewards, fees, and credit requirements, to make the best choice for you and your personal needs.