Best Credit Cards of 2022
Owning and responsibly using a credit card is a key factor in building and maintaining your finances. Credit cards can help you improve your credit score, earn rewards, get cash back, and benefit from other unique perks. They can also help you stay organized and avoid overspending. However, to make the most of these benefits, you'll have to find the right card for you.
Before applying for a credit card, we recommend gauging your monthly outgoing expenses and calculating where you could most benefit from a credit card. Some cards are better suited for frequent travelers whereas others are designed to help families with everyday expenses. From there, you'll be able to make the best choice for your finances.
In this article, we'll introduce five of the best credit cards for all types of credit and lifestyles. So, whether you're looking for something to improve your credit history or want to benefit from comprehensive travel and cashback rewards programs, we'll have something for you.
Upgrade Your Finances With the Top Credit Cards of 2022
Choosing the best credit card for you will depend on your financial goals and spending habits. That's why we've compiled five of the best credit cards for all types of people. Check them out and apply through the links provided here.
1. Blue Cash Preferred® Card from American Express – The Best Family Card
Take a moment to consider what you buy from month to month. Odds are you spend your money on groceries, gas, and subscriptions that rollover every four weeks. Now imagine if you could earn up to 6% back on all of those purchases. With the Blue Cash Preferred® card from American Express, you can. This credit card is designed to help American families earn cash rebates on their everyday necessities. The benefits include:
- 6% cash back at supermarkets, up to $6,000 annually
- 6% cash back on streaming subscriptions
- 3% cash back at all US gas stations
- 1% cash back on all other purchases.
New cardholders will qualify for an automatic 0% APR for the first 12 months, which rises to a variable rate between 15.49% and 25.49% depending on their creditworthiness. Although the Blue Cash Preferred® card does come with a $95 annual fee, the savings quickly add up to make it worth it.
2. Capital One Venture X Rewards Card – The Best Travel Rewards Card
If you or someone in your family is a frequent flyer, we highly recommend applying for the Capital One Venture X® Rewards Card. This premium credit card offers the most comprehensive travel rewards plan in the world, allowing you to unlock 75,000 bonus miles within the first 3 months after you spend $4,000.
Additionally, cardholders can benefit from hundreds of discounts and deals offered through Capital One Travel®. All hotel and rental car bookings earn 10x as many points as standard purchases and you can even earn 5x as many miles on airline tickets. After the first year, you'll then earn an added 10,000 free bonus points, which can be redeemed for cash or travel perks.
This is a premium Visa Infinite card, though, so applicants should expect to pay a $395 annual fee and have a 720 credit score to qualify. After approval, you will gain access to a minimum credit line of $10,000, which can go up to $30,000 based on your creditworthiness.
3. Citi Diamond Preferred® Card – The Best APR Rate for Monthly Balances
Most Americans maintain a small balance on their credit card from month to month. Although this can help to build a healthy credit history, it can also cost more in the long run due to interest fees. Rather than paying hundreds of dollars more, it's in your best interest to find a credit card with a low APR rate. That's why we recommend the Citi Diamond Preferred® card.
Qualifying applicants are automatically awarded a 0% APR for the first 21 months, meaning you won't pay exorbitant interest rates for nearly two years. After this introductory period, your rate will rise between 15.24% and 25.24% depending on your credit history.
Cardholders also gain access to Citi Entertainment®, where they can purchase discounted tickets to sporting events, concerts, and even high-class dining experiences. With no annual fee, this is without a doubt one of the most affordable and credit-friendly cards on the market.
4. Secured Sable ONE Credit Card – The Best Card for Building Credit
If you're like millions of other Americans and struggle with bad credit, you may be hesitant to apply for a new card. Yet, using a credit card responsibly can help you restore your score and access prime financial products. To get started, we recommend applying for a Secured Sable ONE credit card.
By depositing as little as $10, you can qualify for credit with a low variable-rate APR of just 11.74%. However, the amount you deposit will equal your credit line, so we recommend depositing at least $200 to make it worthwhile. The Secured Sable ONE card also offers 2% cashback rewards on:
Rather than struggling with debt and bad credit, apply for a secured card today and start working to restore your credit history.
5. Discover it® Student chrome – The Best Card for Student Finances
Managing money as a student is no easy feat. Between tuition, rent, and the occasional night out, it can be tough to keep your finances in check. However, using a credit card can help you stay on top of your expenses and even earn rewards while you're at it.
The Discover it® Student Chrome is one of the best credit cards for students, offering 2% cash back on up to $1,000 in combined gas and restaurant purchases each quarter. You'll also earn 1% cash back on all other purchases. Plus, there's no annual fee to worry about.
New cardholders can also take advantage of an introductory 0% APR for the first 6 months, which rises to a variable rate between 14.49% - 23.49%. If you're a student looking to manage your finances responsibly, this is the card for you.
Credit cards offer a wide range of benefits that can be useful for all types of people. Whether you're looking for a card to help you build credit or want to earn cashback rewards on your everyday purchases, we've got you covered. So, what are you waiting for? Apply for one of the best credit cards of 2022 today.