4 Credit Cards With Great Security Features

These credit cards help protect you from identity theft and fraud.

[Update: Some offers mentioned below have expired. You can view the current offers from our partners here — Discover it, Blue Cash Everyday from American Express and Citi ThankYou Preferred. Disclosure: Cards from our partners are mentioned below.]

Thieves lurk in the physical and virtual world, looking for ways to access your credit card number or commit identity theft. Whether you shop online or in brick-and-mortar stores, it’s wise to take steps to protect yourself against fraud.

Credit card companies have many tools to help combat credit card fraud, and sometimes offer additional security features to protect against identity theft.

Here are four credit cards with great security features.

1. Discover it

Rewards: 5% cash back on up to $1,500 in quarterly rotating categories like gas stations or restaurants, 1% cash back on everything else

Signup Bonus: Discover will match the cash back you earn in the first year.

Annual Fee: None

Annual Percentage Rate (APR): 0%  intro rate for 14 months, then variable 11.74% to 23.74%

Why We Picked It: Discover’s Freeze it feature gives you peace of mind if you’ve lost track of your card.

Security Features: With Freeze it, cardholders can freeze their card within seconds using Discover’s website or mobile app. This way, if you can’t locate your card, you can freeze it and look around before reporting it lost or stolen. If your card is misplaced, Discover offers free overnight card replacement. Cardholders also won’t be held liable for any unauthorized purchases.

Drawbacks: To maximize cash back, you’ll have to do the work of activating and tracking rotating purchase categories.

2. Blue Cash Everyday from American Express

Rewards: 3% cash back on up to $6,000 spent at supermarkets, 2% cash back at gas stations and select department stores, 1% cash back on everything else

Signup Bonus: $100 statement credit after spending $1,000 in the first three months of card membership

Annual Fee: None

APR: 0% intro rate for 12 months, then variable 13.99% to 24.99%

Why We Picked It: Cardholders can control available spending for authorized users.

Security Features: If you have multiple cards for authorized users on your account, you can set a spending limit for each card’s billing period. That way, your authorized user (or a conniving friend) can’t rack up a huge balance. American Express won’t hold you accountable for any unauthorized charges.

Drawbacks: If you don’t spend a lot at supermarkets or gas stations, you may want to look for another cash back card.

3. Citi ThankYou Preferred

Rewards: Two points per dollar spent on dining and entertainment, one point per dollar spent on everything else

Signup Bonus: 15,000 bonus points when you spend $1,000 in the first three months

Annual Fee: None

APR: 0% intro rate for 12 months, then variable 14.49% to 24.49%

Why We Picked It: Citi has an impressive range of security features that help you fight fraud and identity theft. (Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.)

Security Features: If your credit card is lost or stolen, Citi will send you a new card for free and provide an emergency cash advance. To protect you online, Citi can issue temporary credit card numbers for secure online purchases. Finally, if you become the victim of identity theft, a Citi specialist will help you contact TransUnion to put a fraud alert on your credit reports and help you complete a police report. Cardholders aren’t held liable for any unauthorized purchase.

Drawbacks: If you use your credit card for “meat and potatoes” spending and rarely use it on a night out, this card won’t deliver as much value.

4. Bank Americard Credit Card

Rewards: None

Signup Bonus: None

Annual Fee: None

APR: 0% intro rate for 15 months, then variable 12.74% to 22.74%

Why We Picked It: Online shopping is safer with Bank of America’s ShopSafe service.

Security Features: With ShopSafe, you can receive temporary credit card numbers to safely shop online. If abnormal spending patterns are detected, Bank of America will block the card’s use and contact you to discuss potential fraudulent activity. You’ll never be held accountable for unauthorized transactions.

Drawbacks: This is a very basic card without any rewards to speak of.

Choosing a Card With Strong Security Features

Federal law states that you can’t be held accountable for more than $50 in unauthorized purchases if your card is stolen. But cardholders concerned with security should look for card issuers that offer zero liability for unauthorized charges.

To further protect yourself, consider cards that go above and beyond in the realm of security and protect you in areas where you may be particularly vulnerable.

If you frequently shop online, you may want a card that offers temporary credit card numbers for limited time use, which stops digital thieves from gaining access to your real card number. If you tend to misplace things and you’re scared of losing your card, you may want a card that lets you easily freeze all activity.

Of course, if your only credit card requirement is security, you should pick a card with the most enhanced protections. But if you also want a card that rewards spending with points or cash back, you’ll want to consider your spending habits and how a card can reward your purchasing behavior.

What Is Required to Get a Card With Security Protections?

Any legitimate credit card should have some security features. Cards with strong security could be available for consumers with credit ranging from poor to excellent. No matter what card you choose, you should know your credit score ahead of time to gauge your chances of approval. Before you apply, you can check two of your credit scores for free at Credit.com.

At publishing time, the Discover it, Blue Cash Everyday from American Express and Citi ThankYou Preferred credit cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

Image: kali9

The post 4 Credit Cards With Great Security Features appeared first on Credit.com.

3 Credit Cards Book Lovers May Want to Add to Their Collection

For book lovers who want help affording their literary habit.

Bibliophiles know there’s no better way to pass the time than to get lost between the covers of a good book. But a love for stocking your bookshelves, means spending a lot of time and money at the bookstore.

True book lovers may want help affording their literary habit. Whether you prefer thrilling page turners, thoroughly researched biographies or the classics, some credit cards can help you feed your book addiction.

Here are three credit cards bookworms may like.

1. Barnes & Noble Mastercard

Rewards: 5% cash back on Barnes & Noble purchases, two points per dollar spent at restaurants, one point per dollar spent on everything else
Signup Bonus: $25 Barnes & Noble gift card after your first purchase
Annual Fee: None
Annual Percentage Rate (APR): Variable 14.74% or 25.74% on purchases, 0% intro APR for 15 months on balance transfers made within the first 45 days after opening the account, then variable 14.74% or 25.74%
Why We Picked It: Readers can save on their online and in-store Barnes & Noble purchases and earn gift cards with everyday purchases.
Benefits: Cardholders earn 5% cash back on Barnes & Noble purchases. The cash back is credited to their account. Dining purchases earn two points per dollar. All other purchases earn one point per dollar. Every time you reach 2,500 points, you’ll be shipped a $25 Barnes & Noble gift card. You also get automatic Barnes & Noble membership if you spend $7,500 or more on your card each year. (Want more ways to save at Barnes & Noble? We have 13 right here.)
Drawbacks: If you like to shop elsewhere for your books, the Barnes & Noble card isn’t right for you.

2. Amazon Rewards Visa Signature Card

Rewards: 3% back at Amazon.com (or 5% with Amazon Prime), 2% back at restaurants, gas stations and drugstores, 1% back on everything else
Signup Bonus: $50 Amazon.com gift card upon approval
Annual Fee: None
APR: Variable 14.99% to 22.99%
Why We Picked It: If you buy your books on Amazon.com, you can earn back decent rewards, especially with Amazon Prime.
Benefits: This card earns a certain percentage back on all purchases, with extra incentives for Amazon.com, restaurant, gas station and drugstore purchases. The percentage you earn back comes in the form of points, which can be redeemed for Amazon.com purchases, travel, gift cards and more.
Drawbacks: To squeeze the most value out of this card, you’ll have to pay for an annual Amazon Prime membership.

3. U.S. Bank Cash+ Visa Signature Card

Rewards: 5% cash back on $2,000 in combined eligible purchases for two quarterly categories chosen by you, 2% cash back on one everyday category chosen by you, 1% cash back on everything else.
Signup Bonus: None
Annual Fee: None
APR: Variable 14.99% to 23.99% on purchases, 0% intro APR for 12 months on balance transfers made within the first 60 days of account opening, then variable 14.99% to 23.99%.
Why We Picked It: Book lovers can choose bookstore purchases to receive a special cash-back rate.
Benefits: This card lets you define the categories that earn 5% and 2% cash back. You can choose two categories to earn 5% cash back for up to $2,000 in combined purchases each quarter. Bookstores are one of many available categories.
Drawbacks: This card requires a bit of management, as you’ll have to choose categories every quarter to earn your 5% back.

How to Choose a Credit Card to Fuel Your Reading Habits

When choosing a credit card to help fund your book addiction, you may want a card to use exclusively for book purchases or a card to also use for everyday spending.

If you plan to use a credit card exclusively for book purchases, your best bet is to choose a card that offers the biggest rewards at your bookstore of choice. That could be a store-branded credit card or a general cash-back credit card with a great rewards rate.

If you want a card to use for everyday spending, you may have to do some additional legwork. You’ll want to choose a card that rewards both your book spending and the other types of purchases you tend to make. You’ll also need to consider your goals for a card, and whether you want cash back, travel rewards, balance transfer options or other benefits.

What Credit Do You Need to Get a Credit Card for Book Purchases?

Cash back and rewards cards generally require good to excellent credit. Before you apply, you’ll want to be reasonably confident in your ability to get approved, as a hard inquiry into your credit can lower your credit score a few points. Before you apply, you can check two of your credit scores for free through Credit.com.

Image: Squaredpixels 

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

The post 3 Credit Cards Book Lovers May Want to Add to Their Collection appeared first on Credit.com.

Travel Often? Make Sure Your Credit Card Has These 6 Features

While they aren’t as flashy as signup bonuses or travel credits, these features can drive down travel costs and offer protection in case of emergency.

Travel credit cards come in many forms and offer a variety of benefits. Some cards earn miles and points that can be redeemed for travel expenses, while others might be tied to specific hotel chains or airlines. The benefits and costs vary. Frequent travelers should choose a card that rewards the way they spend and the way they travel.

No matter what miles programs or travel perks you want, certain travel features can come in handy on any trip. While they aren’t as flashy as signup bonuses or travel credits, these features can drive down travel costs and offer protection in case of emergency. (You’ll need a solid credit score to qualify for a card with the best features. Check two of your scores on Credit.com.)

Here are six features to look for when evaluating a travel credit card.

1. Free Foreign Transactions

If you tend to travel abroad, you could be paying more than necessary every time you swipe your credit card. Many credit cards issue a foreign transaction fee every time you pay, usually around 3% of the transaction amount. If you use a credit card for most purchases when you travel, this can add significantly to the cost of your trip.

When evaluating travel cards, make sure they offer free foreign transactions.

2. Trip Cancellation Insurance

No travel plans can be set in stone. Emergencies or last-minute complications can wreck your itinerary. In many cases, changing or canceling a trip could cause you to forfeit some of your expenses. With trip cancellation or delay insurance, credit card providers will reimburse you any nonrefundable costs you paid for with your credit card.

3. Car Rental Collision Coverage

If you frequently rent cars during your travels, you’re likely used to car rental agencies trying to sell additional collision insurance. But many travel credit cards extend collision insurance to any car rentals you charge to your card, giving you the freedom to decline additional coverage and save on those costs.

4. Lost Luggage Reimbursement

Not all travel cards offer lost luggage reimbursement, and policies may differ between credit card companies. The total amount of coverage can vary and each policy may have different requirements. In any case, lost luggage is a risk any time you entrust your bags to an airline, cruise ship or other transportation provider. With this feature, credit card providers reimburse you for any lost luggage (up to a certain monetary amount).

5. Baggage Delay Insurance

If your baggage is misplaced, lost or otherwise delayed, baggage delay insurance covers the cost of any urgent needs created by the delay. Necessities covered may include clothes, toiletries and other essential items.

6. Emergency Travel Assistance

Travel assistance and emergency services can help you make last minute travel arrangements or respond to an emergency during your trip. This could include travel reservations, quick access to medical or legal professionals and roadside assistance. Some credit card companies offer 24/7 emergency service for these urgent requests.

Image: william87

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5 Credit Cards That Take the Bite out of Pricey Pet Bills

The cost of pet supplies can add up, but these cards can help you save.

[Disclosure: Cards from our partners are mentioned below.]

Your pets are more than just cute — they’re members of the family. Like any family member, you want to keep them happy and healthy. But the cost of pet food, veterinarian visits, medication and other supplies can add up.

Some credit cards make spending on your pet a walk in the park using cash back, rewards points or 0% interest offers.

The best cards for pet lovers make it easier to afford your animal friends. These credit cards do the trick.

1. American Kennel Club Visa

The Draw: Three points per dollar spent at pet stores, vets and the AKC, two points per dollar spent on gas and groceries and one point per dollar spent on everything else
Signup Bonus: None
Annual Fee: None
APR: Variable 12.98%, 18.99% or 22.99%
Why We Picked It: This card rewards pet purchases, helps with gas and groceries and supports the AKC.
Benefits: All purchases made on this card earn rewards points, with special value put on pet, fuel and grocery expenses. Points can be redeemed for travel, merchandise, gift cards and more. Plus, a percentage of sales made on the card goes to benefit the AKC, an organization that supports dog breeders and canine health. You can get your card customized to include your pet’s photo.
Drawbacks: If you’re not a fan of dog breeding, keep looking.

2. Chase Freedom

The Draw: 5% cash back on rotating bonus categories on up to $1,500 in combined purchases each quarter, and 1% unlimited cash back on everything else
Signup Bonus: $150 when you spend $500 in the first three months
Annual Fee: None
APR: 0% for 15 months, then variable 15.74% to 24.49%
Why We Picked It: The card earns 5% cash back on rotating categories, but Shop through Chase can help you save on pet purchases.
Benefits: Cardholders earn 5% cash back on quarterly rotating categories such as grocery stores and gas. All other purchases earn 1% cash back. You’ll also get access to Shop through Chase, which offers 1% to 15% extra cash back rewards at select online retailers, including PetSmart. Plus, there’s a $150 signup bonus.
Drawbacks: If you don’t want to track and activate cash-back categories on a quarterly basis, this card will be a headache.

3. Amazon Rewards Visa Card

The Draw: 3% cash back at Amazon.com (5% if you have Amazon Prime), 2% cash back at restaurants and drugstores and 1% cash back on everything else
Signup Bonus: None
Annual Fee: None
APR: Variable 14.99% to 22.99%
Why We Picked It: If you prefer to shop for your furry friends online, the Amazon card can help you earn back some money.
Benefits: Your earnings can be redeemed for cash back, Amazon purchases and more. With cash back ranging from 3% to 5% on Amazon.com purchases, you can save on those bulk bags of dog food.
Drawbacks: This card won’t deliver as much value if you prefer to shop at brick-and-mortar locations.

4. Blue Cash Preferred Card from American Express

The Draw: 6% cash back at supermarkets on up to $6,000 in purchases per year, 3% cash back at gas stations and select department stores and 1% cash back on everything else
Signup Bonus: $150 bonus cash back when you spend $1,000 in the first three months
Annual Fee: $95
APR: 0% for 12 months, then variable 13.74% to 24.74%
Why We Picked It: This card is a no-brainer if you make pet purchases at the grocery store.
Benefits: With 6% cash back at supermarkets, this card can earn cash quick if you make pet purchases at the grocery store. Plus, that $150 bonus boosts the first-year value of the card.
Drawbacks: You’ll have to pay an annual fee of $95.

5. Citi Simplicity

The Draw: A 0% intro APR period that’s perfect for big balances
Signup Bonus: None
Annual Fee: None
APR: 0% for 21 months, then variable 14.24% to 24.24%
Why We Picked It: For large vet bills, this card offers plenty of time to pay down your balance interest-free. (Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.)
Benefits: The card’s greatest asset is the 21-month intro 0% APR offer. If you have a large vet bill coming due, charging it to this card (or initiating a balance transfer) would give you nearly two years to pay it off with no interest.
Drawbacks: There are no rewards points or cash-back offers, so the card isn’t as valuable for everyday spending.

How to Choose a Card for Pet Expenses

If you’re looking for a card solely for pet expenses, choose a card that most rewards your supplier of choice. For instance, if you buy all your pet supplies online, the Amazon.com credit card might be best. If you buy all your supplies at grocery stores, a card with a high grocery store cash-back rate would be appropriate. If you need to transfer a hefty vet bill from an existing card to a new one, a card with a long intro 0% APR period would be suitable.

However, if you also plan to use your card for everyday spending, you’ll probably want to look at your spending activity and choose a card that will reward your overall behavior. This way, you’ll get rewarded on everything you buy.

Consider your goals, spending habits and the needs of your animal companions before you choose a card.

What Is Required to Get a Credit Card for My Pet Spending?

Cards with cash back, spending rewards and other enticing offers usually require good to excellent credit. You should know where your credit stands before you apply for a credit card, as a hard inquiry into your credit can lower your score a few points. You can check your score for free on Credit.com before you apply to reduce the risk of a rejected application.

Image: bluecinema 

At publishing time, the Chase Freedom, Citi Simplicity and Blue Cash Preferred Card from American Express credit cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

The post 5 Credit Cards That Take the Bite out of Pricey Pet Bills appeared first on Credit.com.

3 Credit Cards That Help Music Fans See the Coolest Shows

These cards can help you see shows from your favorite artists and earn rewards for everyday spending.

[Disclosure: Cards from our partners are mentioned below.]

Concerts let you experience your favorite musical artists with a community of like-minded fans in a live setting. Live music fanatics know the thrill of the concert experience, and they’re constantly watching to secure tickets for the best shows.

Whether you prefer bombastic arena events or intimate venues, you could benefit from a credit card that helps connect you with tickets. Some cards can help you hit shows from your favorite artists and earn rewards for everyday spending.

1. Citi ThankYou Preferred Card

Rewards: Two points per dollar spent on dining and entertainment, one point per dollar spent on everything else
Signup Bonus: 15,000 bonus points when you spend $1,000 in the first three months
Annual Fee: None
Annual Percentage Rate (APR): 0% intro APR for 12 months, then variable 14.24% to 24.24%
Why We Picked It: Dining and entertainment purchases earn double points, and cardholders get access to presale tickets and VIP concert packages.
Benefits: This card earns two points for every dollar spent on dining and entertainment, which includes live concerts, record store purchases and music streaming services. Other purchases earn one point per dollar. Points can be redeemed for dining, entertainment, retail goods and more. Plus, with Citi Private Pass, cardholders get access to tickets for thousands of annual events, including concert presales and VIP packages.
Drawbacks: If you tend to prefer cheaper shows and don’t dine out often, you won’t be taking full advantage of the double points. (Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.)

2. Chase Sapphire Preferred

Rewards: Two points per dollar spent on travel and dining, one point per dollar spent on everything else
Signup Bonus: 50,000 bonus points when you spend $4,000 in the first three months
Annual Fee: $0 the first year, then $95
APR: Variable 16.74% to 23.74%
Why We Picked It: Cardholders can get presale tickets and exclusive access to many live music events in New York City.
Benefits: Cardholders earn double points for every dollar spent on dining and travel and one point per dollar spent on everything else. Points can be redeemed in many ways, but the greatest value is reserved for travel redemptions made through Chase’s booking platform. Chase Inside Access grants VIP access and presales to exclusive events at venues including Madison Square Garden, Radio City Music Hall and the Beacon Theater.
Drawbacks: When it comes to concerts, Chase is primarily focused on New York City venues, so if you aren’t an NYC local (or reasonably nearby) you may want to look elsewhere. The card’s greatest value is also reserved for frequent travelers.

3. Amex EveryDay Credit Card from American Express

Rewards: Two points per dollar on up to $6,000 a year spent at U.S. supermarkets, one point per dollar spent on everything else
Signup Bonus: 10,000 bonus points when you spend $1,000 in the first three months
Annual Fee: None
APR: 0% intro APR for 12 months, then variable 13.74% to 23.74%
Why We Picked It: Redeeming points for concert tickets is simple with this card.
Benefits: Cardholders earn double points for U.S. supermarket purchases and one point on the dollar everywhere else. American Express customers often get access to presale tickets and special events when buying tickets through the Membership Experiences website. Plus, points can easily be redeemed directly with Ticketmaster for ticket purchases.
Drawbacks: The card’s points system is only valuable to those who spend a lot on groceries.

How to Choose a Card for Live Music

Credit cards for music lovers should reward cardholders as they spend and grant special access to tickets and events.

When evaluating cards for your live music habit, look at the purchase types that earn the most rewards. You’ll want to choose a card that incentivizes the type of purchases you already make.

You’ll also want to look at the types of events and tickets your card can help you access before you take the plunge and apply. The events should reflect your live music preferences. If they don’t, you probably won’t get much use out of them.

One last thing to keep in mind is that most “exclusive” ticket programs are available through all or many of the credit cards offered by the issuer. If the main appeal is access to these programs, look at all available cards from the issuer. Chances are, they’ll have a card that fits your lifestyle.

What Is Required to Get a Card for Concerts?

Cards that provide live music rewards often require good to excellent credit. You should be aware of where your credit stands before you apply. A hard inquiry from a credit card application can cause your credit score to dip a few points. If you aren’t sure where your credit stands, you can check two of your credit scores for free at Credit.com.

Image: PeopleImages 

At publishing time, the Citi ThankYou Preferred Card and Amex EveryDay credit card from American Express are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

The post 3 Credit Cards That Help Music Fans See the Coolest Shows appeared first on Credit.com.

3 Credit Cards for Bad Credit That Actually Offer Rewards

While most credit cards for people with bad credit don't have many perks, a few provide cash back or travel rewards.

[Disclosure: Cards from our partners are mentioned below.]

If you have bad credit, you may think you’re automatically unqualified for credit cards that offer cash back or travel rewards. For many cards, that may be true.

But you’re not necessarily locked out of earning rewards. While most credit cards for people with bad credit don’t have many perks, a few provide cash back or travel rewards. Here are three. (Note: You should always check with the card issuers for specific terms and conditions before applying for any card.)

1. Discover it Secured

Rewards: 2% cash back on up to $1,000 spent at restaurants and gas stations, 1% cash back on all other purchases
Signup Bonus: Discover matches the cash back you earn in the first year.
Annual Fee: None
Annual Percentage Rate (APR): Variable 23.74%
Why We Picked It: This secured card offers cash back on everything, with an extra incentive for dining and gas purchases.
Benefits: Secured credit cards require a security deposit equal to your credit line. For instance, a $300 deposit lands you a $300 limit on your card. Discover’s secured card offers 2% cash back at restaurants and gas stations and 1% cash back on everything else. Plus, they’ll match the cash back you earn your first year.
Drawbacks: You’ll need an upfront security deposit of at least $200 to access this card.

2. Credit One Bank Cash Back Rewards Visa

Rewards: 1% cash back on all eligible purchases
Signup Bonus: None
Annual Fee: $0 to $75 the first year, $0 to $99 after
APR: Variable 15.65% to 24.15%
Why We Picked It: This unsecured card provides 1% cash back on all eligible purchases.
Benefits: Credit One Bank’s cash-back cards earn 1% cash back on eligible purchases, which vary based on which of their five cash back cards you qualify for. Eligible purchases may include gas, groceries, utility bills and dining.
Drawbacks: Credit One isn’t transparent on how they determine which of their cash-back cards you’ll receive, and there’s a highly variable annual fee.

3. AeroMexico Visa Secured Card

Rewards: Two miles for every dollar spent on gas and groceries, one mile for every dollar spent on everything else
Signup Bonus: 5,000 bonus miles with your first purchase and a companion flight certificate
Annual Fee: $0 the first year, $25 after
APR: Variable 23.74%
Why We Picked It: Frequent AeroMexico flyers can earn miles toward their flights.
Benefits: This secured card earns two miles per dollar spent on gas and grocery purchases and one mile per dollar spent on other purchases. Points are redeemable for AeroMexico flights. New cardholders get a bonus of 5,000 miles and a round trip flight for a companion. There’s also an annual $99 companion certificate. All flights get a complimentary checked bag.
Drawbacks: If you prefer another airline, you won’t get much mileage out of this card.

How to Choose a Rewards Card for Bad Credit

Choosing a rewards card for bad credit depends on your financial circumstances. One of the most important reasons to get a card for bad credit is to rebuild your credit, so you’ll want to choose a card that can help you do that.

Pay attention to the fees and APR associated with any card you’re considering. While a security deposit for a secured card may seem like a steep upfront expense, it might be worth it if you can avoid higher fees later.

Choose a card that rewards your spending habits and provides incentives for the types of purchases you tend to make. And make sure you’re avoiding these seven red flags as you’re deciding on a credit card for bad credit.

What Is Required to Get a Rewards Card for Bad Credit?

Many credit cards for bad credit are available to consumers with a checkered or nonexistent credit history, but that doesn’t mean you’re guaranteed to qualify. Before you apply, you should know your credit score so you can have a better idea of what cards are right for you. You can check two of your credit scores for free with Credit.com.

Image: Astarot

At publishing time, the Discover it Secured and Credit One Cash Back Rewards Visa credit cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

The post 3 Credit Cards for Bad Credit That Actually Offer Rewards appeared first on Credit.com.

The Best Things to Charge on Your Credit Card When You’re Rebuilding Credit

Charging a few small, easy-to-pay-off items to your card each month can help you rebuild credit.

If your credit needs rehabilitation due to late payments, accounts in collections or other negative items, it might be time to rebuild. Rebuilding your credit requires an understanding of your current situation, identifying past mistakes and implementing the right strategies going forward.

Wise use of a credit card is one way to start. Surprising, right? But if you use that plastic correctly, it really can help you. Good credit card strategies include keeping a low balance, making payments on time and paying your balance in full each month. To do that, it’s best to start small and only charge things that won’t kill your credit building project before it takes off. (You can check on your progress with a free credit report snapshot on Credit.com.)

Here are a few things you can charge on your credit card to help you boost that score.

Gas

The cost of gas can add up, but if you already have room for gas in your monthly budget, you can charge your gas expenses and pay them off in full using the funds in your bank account. Some credit cards offer special cash back rates on gas purchases so you can earn a little money back in your wallet (although getting a new unsecured credit card might not be the best move for you at this stage as the inquiry will cause your score to take even more of a hit).

Groceries

Groceries are another staple you likely already have built into your budget. Instead of handing over cash or a check when you pick up the necessities for the week, charge your groceries to your credit card and pay those purchases off in full each month. There are several credit cards on the market that offer special cash-back rates on groceries, as well.

Streaming Services

Monthly streaming services usually cost less than $20 a month. You could conceivably set up your credit card to pay for a streaming service, pay it off in full each month and never use it for anything else.

Balance Transfers

If you have a large balance on a high-interest credit card, it could be damaging your credit score and affecting your ability to make your payment. If you have a lower interest credit card, you can transfer the balance and reduce the interest. If you can qualify, a card with a long 0% intro APR period can help you pay your balance off interest-free.

(Cheap) Dining & Recreation

It’s probably not a good idea to use your credit cards at the club or restaurants, as it’s easy for costs to spiral out of control. But if you’re on a date at the movies or taking the kids out for mini golf and milkshakes, low-cost dining and recreation purchases might be a safe bet.

Small Everyday Expenses

Sometimes you have to run into a local store for a roll of duct tape or some socks. Small everyday purchases can be fairly easy to pay off in full.

Using Your Credit Card Wisely to Build Credit

For the most part, small purchases you can afford to pay off each time the statement arrives are the best things to put on your credit card, as payment history is the biggest influencer of your credit scores. Plus, carrying a balance means you’ll be hit with interest and it will take you longer to pay down your balance.

But even relatively small purchases can threaten your credit if they pile up too quickly. (Credit experts recommend keeping your credit utilization ratio — that is, your amount of debt in relation to your credit limit — at 30%, ideally 10%.) So, a good practice is to treat your credit card like cash and only purchase things you can cover with available funds.

Have any questions about improving your credit? Ask us in the comments below and one of our credit experts will do their best to help.

Image: bowdenimages

The post The Best Things to Charge on Your Credit Card When You’re Rebuilding Credit appeared first on Credit.com.

7 Red Flags to Look for When Choosing a Credit Card for Bad Credit

All credit cards are not created equal, particularly those for people with bad credit.

Digging yourself out of a bad credit situation can seem tough but there are tools to help. Credit cards are one of the chief ways to improve your credit, but they can be difficult to attain when your credit has a checkered past.

That’s not to say it’s impossible to get a secured credit card or even unsecured credit card if you have bad credit. There are cards that can help you get back on the right track, but you’ll want to watch out for problematic cards, like those that offer predatory terms and policies that can actually worsen your situation. Choosing the right credit card requires knowing what to avoid.

Here are seven red flags to look for when you evaluate credit cards for bad credit.

1. Sky-High Interest Rates

People with bad credit usually can’t qualify for the same interest rates as people with good or even fair credit. It’s the industry’s way of protecting itself against risky customers. But some cards aimed at people with bad credit charge unnecessarily high interest rates, sometimes more than twice what someone with good credit can get.

The best way to avoid sky-high interest rates is to shop around, and find the cards for bad credit that offer lower rates.

2. High Annual Fees

Some credit cards for bad credit charge no annual fee, while others charge fees, but keep them on the lower end. Then there are cards that may charge upwards of $100, which is comparable to annual fees for some rewards credit cards. As you pay down those balances, look for a card with little or no annual fees so you can put that money toward getting out of debt faster.

3. Tacked-On Fees

Some credit card issuers will tack on suspicious fees that most credit cards don’t include. These may include processing or application fees required to open your card or monthly maintenance fees that add to your annual cost.

While annual fees and late payment fees are commonplace, look out for excessive fees that would lead you to pay much more for the card than you bargained for. Make sure you understand the card’s fee structure before you apply.

4. Incomplete Credit Reporting

The purpose of these types of cards is to improve your credit. For that to happen, your credit card activity should be reported to all three major credit bureaus — Experian, Equifax and TransUnion. If your card doesn’t do that, you can’t improve your credit to its full potential.

This is why a secured credit card, which requires a security deposit, is preferable to a prepaid debit card, which does not typically affect your credit because your use of this card isn’t reported. You should make sure any card you’re considering reports to all three of the main credit bureaus.

5. High Credit Limits

High credit limits sound great. But when it comes to credit cards for bad credit, you may want to be wary. For one thing, you may have to pay a lot of fees or an excessive interest rate to access a high credit limit. For another, high credit limits can quickly spiral out of control if you have trouble managing your debt. Be wary of any card promising high credit limits out of the gate for people with bad credit.

6. A Lack of Monitoring

People with bad credit need to pay extra attention to their finances. If a card offers no way to monitor your credit progress or keep track of payments, you may want to keep looking. Opt for a card that has the option to send you an email or text alert when you have an upcoming payment so you can amp up the payment history portion of your credit profile — it counts for 35%, after all.

7. No Room for Improvement

Cards for bad credit should be designed to improve your credit and reward you for responsible behavior. If they don’t, you should look for a card that does. For instance, secured credit cards may offer the ability to earn an unsecured card after a period of responsible use and timely payments. Or, they’ll offer to raise your credit limit without requiring an additional deposit.

You can start your research on credit cards that can help to improve your credit by checking out our roundup of credit cards for bad credit. Remember, before applying, you’ll want to find out where your credit stands by reviewing your free credit reports at AnnualCreditReport.com or taking a look at two of your free credit scores on Credit.com.

Image: AntonioGuillem

The post 7 Red Flags to Look for When Choosing a Credit Card for Bad Credit appeared first on Credit.com.

These 4 Small Business Credit Cards Are Perfect for Freelancers

A business credit card can make it easier to track costs and reward office expenses. Here are a few solid choices for freelancers.

[Disclosure: Cards from our partners are mentioned below.]

Americans are joining the gig economy in droves. In 2016, the Freelancers Union found that 35% of the U.S. workforce engaged in freelance work, an increase of more than 1 million people from the prior year. With freelancing on the rise, many workers may be managing business finance for the first time.

A separate credit card for business expenses offers several advantages. Most importantly, it makes tracking business costs easier and can help avoid headaches during tax season. Small business credit cards also reward freelancers for their business spending.

Here are four small business credit cards that can help freelancers fund their business.

1. Blue Business Plus Card

Perks: Two points per dollar on up to $50,000 in purchases each year, one point per dollar thereafter
Signup Bonus: None
Annual Fee: None
Annual Percentage Rate (APR): 0% intro APR for 15 months, then variable 11.99%, 15.99% or 19.99%
Why We Picked It: Cardholders earn points that can be redeemed for business and travel, and additional features make it easy to track business expenses.
Benefits: All purchases earn double points, which can be redeemed for travel, office supplies and other business expenses. There are several additional travel protections and insurance policies. You can upload receipts from your mobile phone and connect your transaction records with QuickBooks.
Drawbacks: Fewer merchants accept American Express compared to Visa or MasterCard.

2. Chase Ink Business Cash

Perks: 5% cash back on up to $25,000 at office supply stores and utility providers (phone, internet and cable TV), 2% cash back on up to $25,000 at gas stations and restaurants, 1% cash back on all other purchases
Signup Bonus: $300 bonus cash back when you spend $3,000 in the first three months
Annual Fee: None
APR: 0% intro APR for 12 months, then variable 13.99% to 19.99%
Why We Picked It: The card earns extra cash back on a variety of business expenses.
Benefits: You’ll earn cash back on every business expense, with an extra incentive for office supplies, utility bills, gas and dining purchases. That covers many of the purchase types that help a small business run.
Drawbacks: The 5% and 2% cash back rates are capped at $25,000 in purchases each, and you’ll only get 1% back on purchases exceeding those limits.

3. Spark Cash for Business

Perks: 2% cash back on every purchase
Signup Bonus: $500 bonus cash back when you spend $4,500 in the first three months
Annual Fee: $59, waived in first year
APR: Variable 17.74%
Why We Picked It: With unlimited 2% cash back on all purchases, this card earns solid cash back no matter your business need.
Benefits: With 2% cash back on everything, every purchase puts money back in your wallet. Additional employee cards are free, and you’ll get a number of travel and purchase protection policies standard.
Drawbacks: You’ll start paying an annual fee in year two.

4. CitiBusiness AAdvantage Platinum Select

Perks: Double miles on every dollar spent with American Airlines, select telecommunications merchants, car rental agencies and gas stations, one mile per dollar spent on everything else. (Full Disclosure: Citibank advertises on Credit.com, but that results in no preferential editorial treatment.)
Signup Bonus: 60,000 miles when you spend $3,000 in the first three months
Annual Fee: $95, waived in first year
APR: 16.49%
Why We Picked It: Cardholders earn miles for flights and get a host of other travel perks to boot.
Benefits: Eligible purchases earn double miles and all other purchases earn one mile. Miles can be redeemed for American Airlines flights and upgrades. You’ll get preferred boarding, a free checked bag, 25% off in-flight purchases and many other American Airlines perks.
Drawbacks: The card is really only valuable for loyal American Airlines flyers.

How to Choose a Credit Card for Your Freelance Business

Getting a separate credit card for your business expenses is a smart move, but you’ll want to choose carefully.

The right credit card for you depends on your goals. If you’re frequently traveling to meet clients, a travel rewards business card might make the most sense. If you’re working out of a home office and need to save every penny, a card with no annual fee might be suitable. If you’re just launching your business, a card with a long 0% APR intro period could help you pay down your up-front expenses.

You don’t have to use a business card for your freelancing business. It’s a good idea to have a separate card, but small business credit cards can have higher fees and penalties, as they aren’t regulated by the federal Credit Card Accountability Responsibility and Disclosure Act of 2009, which regulates consumer cards. Small business credit cards are typically better for businesses that spend tens of thousands of dollars per year to operate. If you’re a sole proprietor with a low overhead, you may want to consider getting a personal credit card to use only for business expenses.

Remember, these cards generally require good to excellent credit to qualify. If you don’t know where your credit stands, you should check your credit before applying, which you can do for free on Credit.com.

Image: Izabela Habur

At publishing time, the Capital One Spark Cash for Business and CitiBusiness AAdvantage Platinum Select World Mastercard credit cards are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

The post These 4 Small Business Credit Cards Are Perfect for Freelancers appeared first on Credit.com.