The Best Credit Cards 2011 & The Best Credit Cards Issuers 2011



image Which is best Credit Cards available today in hundreds of thousand credit cards in the market ? Do you have difficult to find the best Credit Card that your needs ? Sometimes you’re looking for travel rewards credit card and other times you need a credit card with a great cash back offer but here we provide you credit cards are not as rewarding as they once were, but credit card issuers are beginning to make a concerted effort to get your business back.

The Best Credit Cards 2011

Best Business Credit Card – Ink Cash(SM) Business

chase_Ink_Cash

Ink Cash(SM) Business card is currently the best business credit card on the market and offers 3% cash back on specific business purchases and 1% unlimited cash back on all other purchases that you make with the card. In addition Ink Cash(SM) Business has no annual fee.

Advantages

  • Earn 3% cash back on business purchases.
  • Earn 1% cash back on all other purchases.
  • 0% APR on balance transfers for 6 months (very rare for a business card)
  • No annual fee.

Best Credit Card 2010 – Discover® More® Card

The Discover® More® Card is the best credit card out there hands down. The reason we choose the Discover® More® Card as the best credit card of 2010 is because with this card you can get up to 5% cash back on your every day purchases. With almost all other cards you can only earn up to 3% – and with the credit crunch even 3% seems high these days. If you are looking for a well rounded credit card that gives you cash back for just about everything, you are definitely going to want to check out this card.

In addition to offering up to 5% cash back the Discover® More® Card has no annual fee. With this card there is also a 0% intro APR on purchases and balance transfers. I also want to point out that if you shop through the online ShopDiscover store you can also earn a 5% – 20% cash back bonus, in addition to the 5% cash back you already would receive.

To increase your chances of being approved for this card, do not do a balance transfer when you apply. Wait and see what credit limit you are given, Discover gives you up to 2 months once you are accepted to do a balance transfer.

When applying for this card, we recommend signing up through the Discover® More Card – $100 Cashback Bonus offer because you can earn an extra $100 cash back when you make $500 in purchases in your first 3 months. This gives you an effective cash back rate of over 20% on your first purchases!

Advantages

  • Earn up to 5% cash back on every day purchases.
  • Earn 1% cash back on all other purchases.
  • Earn a 5% – 20% cash back bonus by shopping online through the ShopDiscover store.
  • No Annual Fee.
  • 0% intro APR on balance transfers for 12 months and a 0% intro APR on purchases for 6 months, then the regular APR.

 

Best Travel Rewards Credit Card 2010 – Escape by Discover

Escape by Discover® Card

The Escape by Discover® Card is a great travel rewards credit card. This card allows you to earn unlimited double miles (2 miles to every dollar you spend) on all purchases. In comparison the Miles by Discover Card only lets you earn double miles on your first $3,000 in travel and restaurant purchases. With this card you can also get 25,000 bonus miles – 1,000 bonus miles each month on your first purchase for 25 months. The Escape by Discover Card does have an annual fee of $60 however the benefits outweigh the cost and if you use the card a fair amount the annual fee should pay for itself in the first month.

The Escape by Discover Card has a very flexible rewards program that allows you to redeem your miles for travel rewards (airline tickets etc..) cash or gift cards. If you have good credit the Escape by Discover card can have an APR as low as 10.99%.

Advantages

  • Earn double miles (2 miles for every dollar) on all purchases.
  • Flexible rewards program, redeem miles for airline tickets, cash or gift cards.
  • Low APR for those with good credit.

 

Best Credit Card Balance Carrying

Discover® Motiva(SM) Card

If you are going to be carrying a balance on your credit card every month, the Discover® Motiva(SM) Card is a great card to look at. This card offers the same rewards as the Discover More card, however if you pay your bills on time for consecutive 6 months with the Discover® Motiva(SM) Card you get a rebate that equal to your next months interest.

Advantages

  • 6 On Time Payments in a row gets you a full month’s interest back as a Pay-On-Time Bonus
  • 3.99 % Intro APR For 12 months, and as low as 11.99% variable APR after that for those with good credit.
  • Earn a 5% – 20% cash back bonus by shopping online through the ShopDiscover store.
  • No Annual Fee.

The Best Credit Cards Issuers 2011

American Express Credit Cards

Starwood Preferred Guest® Credit Card. One of the leading credit cards for travel rewards, the Starwood Preferred Guest® Credit Card offers up to 25,000 bonus points in the first six months you are a cardholder, and has no annual fee for the first year ($45 thereafter). The introductory APR is a very low 2.9% and your Starpoints can be redeemed for nearly any travel expense.

ZYNC℠ from American Express. The most inexpensive of all the American Express charge cards, ZYNC℠ from American Express has a $25 annual fee and still carries most of the benefits available to Green, Gold and Platinum charge card users. ZYNC℠ from American Express offers 10,000 membership points when you sign up and allows you to choose from four rewards programs to maximize your savings each year.

Blue Cash® from American Express. Blue Cash® from American Express offers the opportunity to earn 5% cash back on everyday purchases, making it an easy addition to this list. As well as the the 5% cash back opportunity, there is an introductory 0% APR on purchases for 6 months and no annual fee associated with the card. Make sure to read the fine print for the Blue Cash® from American Express card, as there are rules and restrictions to the 5% cash back opportunity.

TrueEarnings® Card from Costco and American Express. Rounding out the best American Express cards, the TrueEarnings® Card from Costco and American Express offers 3% cash back on gasoline (up to $3,000) and restaurants, 2% on travel, and 1% on everything else. The card has a low comparable APR and an introductory offer of 0% APR on purchases for six months. You’ll also receive a $25 statement credit when you make your first purchase.

Disclaimer: This content is not provided or commissioned by American Express. Opinions expressed here are author’s alone, not those of American Express, and have not been reviewed, approved or otherwise endorsed by American Express. This site may be compensated through American Express Affiliate Program.

Citibank Credit Cards

Citi® Platinum Select® MasterCard®. The Citi® Platinum Select® MasterCard® offers a 0% introductory APR for 18 months on purchases and balance transfers. If you need to transfer a high balance, I recommend this card. The Citi® Platinum Select® MasterCard® has no annual fee and carries a very low APR of 11.99% to 20.99% variable. To obtain this card, you need good credit, but if you want to receive the best introductory offer and APR available, you need excellent credit.

Citi ThankYou℠ Premier Card. The Citi ThankYou℠ Premier Card includes a 20,000 bonus point offer after signing up and making $1,000 in purchases during the first three months. Those 20,000 points can be redeemed for a $200 gift card, and cardholders can also earn bonus points for signing up and online account with paperless statements. Each year you own the Citi ThankYou℠ Premier Card, you earn an annual bonus. The card does carry a hefty $125 annual fee. That fee is waived for all first year cardholders.

Citi® Diamond Preferred® Card. While you won’t find a rewards program on the Citi® Diamond Preferred® Card, you will find a 0% introductory APR on purchases and balance transfers for a full 18 months. Cardmember APR is 11.99% – 20.99% variable, depending on credit history, and this card includes no annual fee. The Citi® Diamond Preferred® Card provides cardholders a concierge service, which can be used for just about everything, from booking hotel rooms and flights to purchasing concert tickets or making restaurant reservations.

Citi ThankYou℠ Preferred Card. The close cousin of the ThankYou Premier, the Citi ThankYou℠ Preferred Card is a scaled down version with slightly smaller bonuses and rewards. Initially, Citi provides cardholders with 6,000 bonus ThankYou® points, good for a $50 gift card. Customers earn two rewards points for each dollar spent during the first 12 months and one rewards point thereafter. Cardmembers will also receive a 0% introductory APR on purchases and balance transfers for 12 months. The Citi ThankYou℠ Preferred Card does not carry an annual fee.

Capital One Credit Cards

Capital One® Venture℠ Rewards Credit Card. The Capital One® Venture℠ Rewards Credit Card is as straightforward as it gets. Earn two miles for every dollar you spend and an additional 10,000 bonus miles when you spend at least $1,000 in your first three months. There is a $59 annual fee, but it is waived the first year you have the card. The Capital One® Venture℠ Rewards Credit Card is a Visa Signature card, so the card offers the Signature set of extended benefits such as complimentary concierge services and travel upgrades.

Capital One® No Hassle Cash℠ Rewards Credit Card. The Capital One® No Hassle Cash℠ Rewards Credit Card offers unlimited 2% cash back on gas and groceries and 1% cash back on everything else. The card offers a 0% APR introductory offer on purchases until January 2011. The card does carry a $39 annual fee and of all the cards that made this list, the Capital One® No Hassle Cash℠ Rewards Credit Card is the only one that requires fair credit.

Discover Credit Cards

Discover® More® Card. The Discover® More Card can become your favorite cash back card if you use it properly. With the opportunity to earn 5% cash back on rotating categories throughout the year, the Discover® More Card has been a customer hit for years. If your purchase does not qualify for 5% cash back, all other purchases receive the standard 1% cash back. The card also carries a 0% APR introductory offer on balance transfers for 18 months and on purchases for six months. There is no annual fee to carry the Discover® More Card.

Chase Credit Cards

Chase Sapphire℠. The Chase Sapphire℠ earns you 10,000 bonus points if you make at least $500 in purchases during the first three months, worth $100 in cash. This card has a 1% standard reward rate on all purchases and 2% if you book your travel through the Chase Ultimate Rewards Program. There is no annual fee associated with the Chase Sapphire℠, however there is also no introductory offer. The purchase APR is moderate at a variable 13.24%.

Bank of America Credit Cards

BankAmericard Cash Rewards™ Visa Signature® Card. The BankAmericard Cash Rewards™ Visa Signature® Card offers 3% cash back on all gas, grocery and drugstore purchases for the first six months and 1% on all purchases thereafter. Cardholders have the opportunity to earn an additional 25% cash back if they redeem at least $300 worth of cash rewards and there is no annual fee. The BankAmericard Cash Rewards™ Visa Signature® Card does offer an introductory rate of 0% APR on purchases and balance transfers for up to ten billing cycles.

Bank of America® Accelerated Cash Rewards® American Express® Card. Two issuers combine to form this great cash back credit card. The Bank of America® Accelerated Cash Rewards® American Express® Card offers 1.25% cash back on all purchases, regardless of category or tier levels and does not have an annual fee. The card also carries a 0% APR introductory offer on purchases and balance transfers for up to ten billing cycles. If you don’t pay your card off each month, you might discover this card’s one drawback: an APR as high as 20.99%.

Simmons First Credit Cards

Simmons First Visa Platinum. The Simmons First Visa Platinum Card made the list because of its very low APR. At 9.25%, the only card with a lower APR we could find was the Simmons First Visa card but that card didn’t have a rewards program. With the Simmons First Visa Platinum Card, you earn one point for every dollar you spend, and the card carries no annual fee. If you’re planning to make a balance transfer onto this card, you’ll be happy to know there is no balance transfer fee either.

Reader favorite

Fidelity Investment Rewards Signature Visa Card. The Fidelity Investment Rewards Signature Visa Card offers a unique reward program. 1.5% of your purchases are returned to you as cash deposited into your Fidelity investment account. If you spend more than $15,000 annually, that reward is increased to 2%. The card also participates in the WorldPoints program, so if you do not want cash back in your Fidelity account or if you don’t have an investment account, you can redeem as gifts from the rewards catalog.




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