Editor's Choice: Top 10 Best Credit Card Recommendations

Editor's Choice: Best Credit Card Recommendations

Advertiser Disclosure
This card is on our Editor's Choice list for many reasons. Aside from allowing card holders to earn cash back on regular spending, you can also earn extra (ie more than 1%) if you know how to make use of all its' features. Firstly, you can earn 5% cash back from various expense categories that change every three months. You can also earn at least 5% when you shop online with Discover's online merchant partners. For amazon shoppers, this card is also handy because you can use your cash back for your amazon.com purchases (which will save your money).

Aside from the cash rebates you can earn, there are also a few other features that very few cards have. FIrstly, Discover has made it clear that you will not be charged a late fee on your first late payment. Secondly, as a card member, you can actually check your FICO (which comes with your statement or online). That means you do not have to pay myFICO anymore to get access to your credit score. And lastly, Discover typically has a very good 0% teaser deal, which will appeal to those of you looking for such deals.
This card makes our Editor's Choice List because of the following reasons:

  1. You earn double points on everything. That is right - 2X on everything.
  2. No caps or expiration date on points.
  3. You get 5% bonus points each time you redeem. These points can be used for future redemptions
  4. No Foreign Transaction Fee
  5. Free Access to your FICO score
If cash back is what you are looking for in your card, then this one from Amex is worth taking a look at. What we really like about this card is that you can earn more than 1% back on stuff that you will spend on a regular basis. For example, you get 3% cash back at standalone supermarkets (who does not shop for groceries - note: there is a $6,000 annual cap), 2% at standalone gas stations and 2% at select department stores. Most folks could use with a card like this in their wallet. Aside from the spending cap on groceries, you can earn unlimited cash back with this card.

This card is should on the top of your consideration if cash back is what you are looking for.
This card makes our Editor's Choice List because:

  1. It is great for everyday spending - 2X on gas, utilities and eligible grocery spending (does not include Walmart and Target)
  2. You can earn unlimited points and rewards
  3. No annua fee
  4. Free access to your FICO score
  5. Those with fair credit can apply

Starwood has one of the more highly acclaimed frequent guest program (and high end hotels). And if you just got their card just to Starpoints for their hotel stays, we will have no qualms with that.

Having said that, many frequent travelers get this card because you can transfer Starpoints to more airline frequent flyer partners than any other cards (mostly at a one for one ratio). To add to that, if you transfer 20,000 Starpoints, you will get a 5,000 bonus miles as well (20,000 points for 25,000 miles - not a bad deal at all). This card will suit the savvy traveler looking to get the best bang for the buck on FF miles.
Those who have this love will love it because you can earn triple points when you use the card to book your airline tickets. Hence, if you are a frequent flyer, you might just want to consider adding this card to your wallet. The points that you earn can be transferred to airline partners of the Membership Rewards program.

One of the advantages of the Membership Rewards program is that once in a while, you will be given bonus miles for transferring points to their FF partners. For example, you might get a 35% bonus miles in a certain period if you transfer MR points to British Airways Avios.
When Chase introduced this card, they were directly competing head on with Amex own SPG and Membership Rewards based cards. And like them, they managed to get airline and hotel partners so that their card members can transfer the points they have earned to these program. So while they have less partners than MR and SPG (though they have been adding more), many of their partners are exclusive to them. Examples include Continental United, Southwest, Hyatt. These are partners that neither SPG nor MR has.

For the frequent flyer who wants the option of transferring points to their partners, this card might be your only choice.
For those with bad credit and are looking for an unsecured card, Credit One has the following features that we like:

  1. Reasonable rates and fees
  2. No one time application fee or monthly maintenance fees
  3. Earn 1% cash back on gas