By  Thu May 22, 2014

Best Credit Card Offers for May 2013

 

With a sea of credit cards to choose from, it can be difficult to pick the right one for you. So, we’ve highlighted the best credit card offers for various categories — including cash back, balance transfer and others — that matter the most to you.

Best Cash Back Credit Card

Best Credit Card Offers for May 2013For general cash back, the Capital One Cash Rewards card is a solid choice. Cardmembers earn a flat 1% cash back on all purchases made with the card. At the end of every year, you get a 50% bonus on the cash back you earned, which means that you earn an effective 1.5% cash back with the Capital One Cash Rewards card.

There is no limit to the amount of cash back you can earn and cash-back balances do not expire. Cash back can be redeemed as a check, account credit or in the form of gift cards. Redemption can even be set up so that it is an automatic process when the cash-back balance reaches a certain level.

Capital One offers a $100 cash sign-up bonus when you spend $500 within the first three months of membership.

 

INTRO APR
BALANCE TRANSFER APR
REGULAR APR
ANNUAL FEE
0% until Nov. 2013
0% until Nov. 2013
12.9% – 29.9% variable
$0

 

MyBankTracker rating: 4/5 (Card review)

It’s right for you if … you don’t want to deal with complex rewards or cash-back programs. With the Capital One Cash Rewards card, you get a card that earns an effective 1.5% cash back — simple and easy to understand.

Click here to sign up for the Capital One Cash Rewards card.


Best Bonus Cash Back Credit Card

Best Credit Card Offers for May 2013Blue Cash Preferred from American Express has a cash-back program that doles out a generous amount of cash back to those who are likely to be in charge of household shopping.

With the Blue Cash Preferred card, cardmembers earn 6% cash back at stand-alone supermarkets, 3% at gas stations and department stores and 1% on everything else. (There is a $6,000 spending cap for the 6% cash back at supermarket; earn 1% after meeting this limit.)

The card does have a $75 annual fee, which can be recouped by spending $25 per week at supermarkets. However, this card has a no-annual-fee young brother — Blue Cash Everyday — which has less earning potential. To beat the fee-free version, you’ll have to spend more than $48 per week to make the Blue Cash Preferred card worthwhile.

Currently, there’s a sign-up bonus of $150 cash back after you spend $1,000 in the first three months of membership.

 

INTRO APR
BALANCE TRANSFER APR
REGULAR APR
ANNUAL FEE
0% for 12 months
12.99% – 21.99% variable
12.99% – 21.99% variable
$75

 

MyBankTracker rating: 4/5 (Card review)

It’s right for you if … you spend a lot at supermarkets every month. The Blue Cash Preferred Card is likely to be the top credit card for those who are responsible for most of the household shopping.

Click here to apply now for Blue Cash Preferred from American Express.


Best Low Interest Credit Card

Best Credit Card Offers for May 2013The Barclaycard Ring MasterCard is a relative newcomer to the credit-card market but it definitely shines with its low-cost program.

The Ring card has an extremely low regular APR of 8%. This low interest rate can come in handy for anyone trying to consolidate high-interest debt. And, to facilitate debt consolidation, the Ring card doesn’t charge a fee for balance transfers.

Cardmembers can use their high-interest cards (possibly because they offer better perks and rewards) and then transfer their balances to the Ring card — so they’re facing a maximum APR of 8% on their debt.

 

INTRO APR
BALANCE TRANSFER APR
REGULAR APR
ANNUAL FEE
N/A
8% variable
8% variable
$0

 

MyBankTracker rating: 4/5 (Card review)

It’s right for you if … your other credit cards have ridiculously high interest rates and you tend to carry a balance on your cards. The Ring card will help to reduce the amount of interest that you’ll pay.

Click here to apply now for the Barclaycard Ring MasterCard.


Best Balance Transfer Credit Card

Best Credit Card Offers for May 2013The Discover it card is currently holding a limited-time promotion that grants a 0% APR for 18 months on balance transfers.

Anyone who wants to reduce their high-interest credit-card debt can use the Discover it card to help. New cardmembers won’t have to worry about interest charges for the next 18 months, when they can focus on eliminating the card’s balance.

Discover does impose a 3% balance transfer fee, which will make the debt-consolidation venture more expensive. But, the interest payment on your other credit cards are likely to be more costly. After eliminating the card’s balance, be sure to take advantage of Discover it’s cash-back program.

 

INTRO APR
BALANCE TRANSFER APR
REGULAR APR
ANNUAL FEE
0% for 6 months
0% for 18 months
10.99% – 20.99% variable
$0

 

It’s right for you if … you are on a mission to consolidate your high-interest debt. The balance-transfer introductory rate from the Discover More card can help you achieve this goal.

Click here to sign up for the Discover it card with a 18-month balance transfer introductory rate.


Best Travel Rewards Credit Cards

Best Credit Card Offers for May 2013Capital One’s Venture Rewards credit card offers a lucrative rewards program for frequent travelers. Cardmembers earn 2 miles per dollar on every purchase and the miles can be redeemed for any travel purchase proactively (before you make the purchase) or retroactively (after you make the purchase).

Furthermore, the Venture card has no balance-transfer fee and no foreign-transaction fee. Cardmembers are also eligible for complimentary upgrades at hotels, resorts and spas.

As a sign-up bonus, new cardmembers get a one-time bonus of 10,000 miles once you spend $1,000 on purchases within the first three months.

 

INTRO APR
BALANCE TRANSFER APR
REGULAR APR
ANNUAL FEE
N/A
13.9% – 20.9% variable
13.9% – 20.9% variable
$59, 1st year waived

 

It’s right for you if … you are a frequent traveler and you don’t want to be tied to a single airline-branded card. With its lenient redemption options, the Capital One Venture Rewards card makes it easy to use your miles on trips and vacations.

Click here to apply now for the Capital One Venture Rewards card.


Best Secured Credit Card for Bad Credit Scores

Best Credit Card Offers for May 2013The Capital One Secured MasterCard can help cardmember build or re-establish their creditworthiness without charging absurd fees or insanely high interest rates.

Cardmembers can obtain a minimum $200 credit limit with a $200 security deposit — the credit line can increase to $3,000. Capital One says that further credit-line increases are possible with good payment and credit history. This card account is reported to the three major credit bureaus.

 

INTRO APR
BALANCE TRANSFER APR
REGULAR APR
ANNUAL FEE
N/A
22.9% variable
22.9% variable
$29

 

It’s right for you if … you have poor or low creditworthiness and you are looking for a low-cost, secured credit card to improve your credit. The Capital One Secured Mastercard offers the option to step up to a non-secured credit card, depending on your payment history.

Click here to sign up for the Capital One Secured MasterCard.


If none of these card fit your needs, there are other credit cards you might want to consider. Here are some tips to choosing the right credit card for you.

Disclosure: MyBankTracker may receive compensation for successful sign-ups that are made through affiliate links.

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