Thursday, December 9, 2021

5 best credit cards for 2022

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Maybe you are still looking for a sound credit card. So this article may help you to find out the most suitable Card for you in 2022. So here we will present you with the 5 best credit cards for 2022.

1. Chase Sapphire Preferred® Card

This particular Card has a yearly fee of $95, which is affordable to many people.

After making purchases worth $4,000 on purchases in the first three months of your account, you’ll get 60,000 bonus points. When you redeem with Chase Ultimate Rewards®, you’ll get $750.

Benefits include a $50 yearly Ultimate Rewards Hotel Credit, 5X points on every travels purchased through Chase Ultimate Rewards®, 3X points on dining, and 2X points on all other travel purchases, among other things. In addition, when you use Chase Ultimate Rewards® to book flights, hotels, car rentals, and cruises, you’ll get a 25% bonus. Sixty thousand points, for example, are worth $750 in airfare.

When you reclaim your points for statement credits against prior purchases in specified, rotating categories with Pay Yourself BackSM, your issues are worth 25% more during the current offer. DashPass, DoorDash’s subscription service, offers unlimited deliveries with no delivery fee and reduced service fees on qualified purchases above $12 for a minimum of one year. 12/31/2021 is the deadline for activation.

Trip Cancellation/Interruption Insurance, Auto Rental Vehicle Damage Waiver, Lost Luggage Insurance, and more insurance options are available. Through 12/31/2021, get up to $60 off an applicable Peloton Digital or All-Access Membership, including full access to their workout library via the Peloton app, including cardio, running, strength, yoga, and more. Use your phone, tablet, or television to take classes. There is no need for fitness equipment.

Advantages

  • Amazing bonus for new cardholders
  • Many deals and bonuses
  • Primary rental vehicle insurance
  • Many rewards redemption
  • Wide Variety Transfer partners

Disadvantages

  • Includes a yearly fee
  • Reward system might seem complicated
  • Requires you to maintain a good credit score

APR- 15.99%-22.99% Variable APR

2. Wells Fargo Active Cash℠ Card

Spend $1,000 in the initial three months after purchasing the Card to receive a $200 cash rewards incentive.

On all purchases, you can earn an infinite amount of 2% cashback.

0% intro APR on transactions and eligible balance transfers for 15 months from account activation, then 14.99 percent to 24.99 percent APR; balance transfers made within 120 days qualify for the promo rate and fee of 3%, then a BT fee of up to 5%, min: $5

No annual fee is included.

There are no sign-up or category restrictions, and cash rewards do not expire as long as your account is active. With Visa Signature Concierge, you may enjoy a premium assortment of privileges at some of the world’s most intriguing and distinguished hotel establishments.

When you pay your monthly  mobile phone bill with your Wells Fargo Active CashSM Card, you can get up to $600 in protection for your phone (subject to a $25 deductible) against covered damage or theft.

Advantages

  • More frequent rewards and higher rates of rewards
  • No yearly fee will be charged
  • Initial APR period

Disadvantages

  • No comprehensive range of bonus selections

3. Citi® Diamond Preferred® Card

0% Intro APR on balance transactions or transfers for 21 months from the day of first transfer, and 0% Intro APR on purchases for 12 months from the date of account opening. After that, the variable APR will range from 13.74 percent to 23.74 percent, depending on your credit worthiness. Balance transfers must be made in within the span four months of the account being opened.

A balance transfer fee of $5 or 5% of the transfer amount, whichever is greater, is charged for each transfer. In addition, receive free web access to your FICO® Score.

Get exclusive access to thousands of events, including concerts, sporting events, gourmet experiences, and more, with Citi Entertainment®.

Shop with confidence knowing you’re protected with features like $0 Liability on Unauthorized Purchases and Citi® Identity Theft Solutions.

The Citi Flex Plan’s standard variable APR ranges from 13.74 percent to 23.74 percent, depending on your creditworthiness. Citi Flex Plan offers are subject to Citi’s discretion.

Advantages

  • No annual fee
  • Initial APR period
  • Intro balance transfer fee

Disadvantages

  • Requires you to maintain a good credit score
  • No rewards available

4. BankAmericard® credit card

After earning at least $1,000 in transactions in the first 90 days after account opening, you’ll get a $100 statement credit online incentive. For purchases and cash advances done in the first 60 days, the introductory APR is 0% for 18 billing cycles. After the intro APR deal expires, a variable APR of 12.99 percent to 22.99 percent will apply. Every balance transfer includes a 3% fee (minimum $10). APR has no penalty. Late payments do not inevitably result in a higher interest rate (APR). Other account conditions and prices apply.

Free access to your FICO® Score is available through Online Banking or the Mobile Banking app. In addition, Contactless Payments combine the simplicity of a tap with the safety of a chip card.

Advantages

  • No annual fee
  • Intro APR period
  • Cardholder bonus offer for new customers

Disadvantages

  • Require you to maintain an excellent credit score
  • No rewards at the moment (2021)

5. Blue Cash Preferred® Card from American Express

Spend $3,000 on your new Card within the first six months and receive a $300 statement credit. For the first year, there is no yearly cost; after that, it is $95.

Purchase Now and Pay Later: There are no plan fees when you use Plan It® to break up large purchases into monthly installments. Plan fees are waived for the first 12 months after your account is opened. After that, based on the plan duration, the APR that would otherwise apply to the purchase, and other considerations, a plan charge of up to 1.33 percent of each purchase amount will be transferred into a plan.

Low introductory APR: 0% for the first 12 months on purchases made after account opening, then a variable rate ranges from 13.99 percent to 23.99 percent.

Up to $6,000 in purchases at U.S. supermarkets earns you 6% cashback (then 1 percent ).

Select streaming subscriptions in the United States will earn you 6% cashback.

Three percent Cash Back at gas stations and on public transportation in the United States (including taxis/rideshare, parking, tolls, trains, buses, and other modes of transport).

On all other purchases, you’ll get 1% Cash Back.

Cash Back is given in the form of Reward Dollars, which can be redeemed for a credit on your account.

Advantages

  • Increased rewards rates
  • Bonus categories and a wide range of categories
  • Intro APR period
  • Cash rewards

Disadvantages

  • Includes an annual fee
  • Limited spendings on bonus rewards
  • Requires an excellent credit score

Conclusion 

In conclusion, all these cards are unique, but there is always one difference in each that will stand out to you. So always compare and consider every aspect before buying one. These cards will benefit your life in many ways. Do your research and decide, but in the end, all these cards will have tremendous benefits that are waiting for you.

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Janet V. Wallace
I am an America-based experienced financial blogger with extensive writing skills and financial background. I will help people to invest their money in the stock market, be financially free, and live a fulfilled life. I will write a blog about the various aspects of personal finance and share my knowledge about How to find the perfect bank for your background and how to make your money work for you, how to save your money, and also help you take control of your money, I'm confident that my financial knowledge will help your needs.

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