3 Unique Cards To Help You Build Credit – Debit Card Edition

by Jeannyn Gomez
3 Unique Cards To Help You Build Credit – Debit Card Edition

Last updated on December 15th, 2023

Believe it or not, there are debit cards that can help you build credit. Deemed a rarity, debit cards with credit-building power can be beneficial, especially for anyone who starts on the path to building credit. Check out these few but mighty debit cards that can fuel the beginning of your credit journey.

Debit Cards That Can Help Build Credit

Credit cards are an excellent financial tool for building credit, earning rewards, and financing purchases. The best credit card for you depends on your needs. For this reason, there are credit-building credit cards like the OpenSky® Plus Secured Visa® or the Surge® Platinum Mastercard®. However, there are a few distinctive debit card options with credit-building capabilities too. These credit-building debit cards are the unicorns in the world of card payments. Here are three unique cards to help you build credit – debit card edition.

Extra Debit Card

Extra Debit Card

Extra Debit Card
Apply Now Terms & Conditions
No Credit Required
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: No Credit Required
Mastercard Processing Network
See Terms Annual Fee

Extra Debit Card

At a Glance

The Extra Debit Card* is a credit builder debit card that offers rewards and more. The card is ideal for anyone newer to credit that doesn’t want the negative impact from a hard credit inquiry but still wants to earn rewards.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Every purchase can help build your credit1. At the end of every month, purchases made with the Extra Debit Card are tallied up and reported to credit bureaus • 0% interest • Connects with your bank account2 • Earn rewards points everywhere. Earn up to 1% in points for everyday purchases like rideshares, coffees and your phone bills • Current pricing is $20/month or $149/year for Credit Building. $25/month or $199/year for Credit Building + Rewards
  • Annual Fee: See Terms
  • Foreign Transaction Fee: See Terms
  • Late Payment Penalty Fee: See Terms
  • Minimum Deposit Required: See Terms
  • You don’t want a credit check when looking for a new card
  • You want a debit card that reports to Experian and Equifax every month
Extra Debit Card

Extra Debit Card

Terms & Conditions
Apply Now Terms & Conditions

The Extra Debit Card is a newer way to build credit. It’s a debit card that builds credit. Again, this is not a common feature of debit cards. Extra is one of the few debit cards with credit-building abilities, a reward points system, and zero interest. With that being said, you might be asking yourself, does this card require a credit check? The answer is no.

As a result, you can start building credit whether you have a good score or not. That’s the beauty of the Extra Debit Card. It’s a tool that can be used by anyone as long as they have an existing Plaid-compatible bank account that can be linked to fund the Extra Debit Card. It’s a clever tool for someone who may be starting on their credit journey or anyone who finds it challenging to qualify for an unsecured credit card.

It’s necessary to have a good credit score because, with it, you spend less money on the purchases made in your lifetime (assuming you are not filthy rich already.) Think, of lower car loan interest rates for fewer payments, lower credit card APRs, and lower interest rates on the more expensive things in life, such as buying a house. Getting the best interest rates available is due to having excellent credit. In the long run, it can save you thousands of dollars when you take out any loan like a car note or a mortgage.

How Does The Extra Card Work?

It’s common to see credit cards with annual fees. However, debit card with annual fees is not so typical. The Extra program requires a monthly cost depending on what needs you have for it. There’s a $20 monthly fee for the credit-building program. If you want both credit building and reward earning potential, the monthly is $25. You get a better deal if you pay the yearly cost – $149 a year (credit building) and $199 (credit building + rewards.) Learn more here.

Experian Smart Money™

Experian Smart Money™

Experian Smart Money™
Visit Card Site Terms & Conditions
No Credit Required
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: No Credit Required
Mastercard Processing Network
None Annual Fee

Experian Smart Money™

At a Glance

The Experian Smart Money™ Digital Checking Account and Debit Card is an interesting debit program that works with Experian Boost to help you establish a positive credit history based on the bill payments you already make. The card also comes with a practical welcome offer after meeting direct deposit minimums - all for no annual fee.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • No minimum deposits and no annual fee
  • Works automatically with Experian Boost
  • $50 direct deposit bonus
  • FDIC-insured savings account
  • Foreign Transaction Fee: 3% of the transaction amount in U.S. dollars
  • Minimum Deposit Required: 0
  • You are new to credit
  • You plan on utilizing Experian's extensive knowledge base
  • You want an insured deposit account
Experian Smart Money™

Experian Smart Money™

Terms & Conditions
Visit Card Site Terms & Conditions

The Experian Smart Money™ is a Mastercard debit card issued by Community Federal Savings Bank (CSFB) and brought to you by Experian, one of three major credit bureaus. It’s a digital checking account that helps you build credit with a debit card. For this reason, the card has made our list.

The Smart Money debit card holds a unique position, created by the credit experts themselves. If you’re familiar with Experian, then you know they offer credit reporting and ways to manage your account. It only makes sense that they created a debit card to help you build credit.

The Experian debit card works hand in hand with an Experian service called Experian Boost. The Experian Smart Money™ debit card is automatically connected to the service. The benefit of using Experian Boost is that consumers can get credit for certain bill payments. Cardholders can get credit for utility bills, rent, cell phone bills, and insurance.

However, terms do apply and not all bills may qualify for Experian Boost. With that being said, it is also relevant to know that you do not necessarily need the Experian debit card to use Experian Boost as it is a separate service and can be used by consumers with other debit cards.

Pro's Con's
Connects automatically to Boost Not all bills qualify for Experian Boost
No monthly fees You can use Experian Boost with other debit cards
Sign up bonus with direct deposit Only frequent bills get considered for a credit boost
Automatic access to a virtual debit card Most mortgage lenders will not consider credit scores affected by Boost

Zolve Credit Card

Zolve Azpire Credit Builder Card

Zolve Azpire Credit Builder Card
Visit Card Site Terms & Conditions
No Credit Required
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: No Credit Required
Mastercard Processing Network
None Annual Fee

Zolve Azpire Credit Builder Card

At a Glance

The Zolve Azpire Credit Builder Card is a combination bank account and debit card designed to help immigrants and those new to credit. The card features no annual fee and the ability to upgrade to unsecured credit in as little as four months.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Build credit with no minimum deposits and no annual fee
  • Unlimited 1% cash back on all eligible purchases
  • Upgrade to an unsecured Zolve Credit Card in as little as 4 months
  • FDIC-insured savings account
  • You are a new arrival to the United States and want to begin building credit
  • You prefer a card program that grows with you - not one you grow out of
  • You want an insured deposit account that earns interest
Zolve Azpire Credit Builder Card

Zolve Azpire Credit Builder Card

Terms & Conditions
Visit Card Site Terms & Conditions

The Zolve Azpire Credit Builder Card is a debit card with the power to help you build credit and earn cash back. Moreover, the card offers a unique chance to upgrade to an unsecured credit card. The Zolve Azpire features no fees or interest and conveniently has no credit check which means there’s no hit to your credit score.

Here’s how it works. With the Zolve debit card, you get a free checking account that you can use to start building credit. Simply add money to your checking account and begin making your usual purchases – online, in-store, wherever Mastercard is accepted.

Your purchases will be reported monthly to the three major credit bureaus as positive repayment behavior. If eligible, you may get upgraded in as little as four months to an unsecured credit card. If upgraded to an unsecured credit card, credit limits may be as high as $5,000.

Aside from the possibility of upgrading to an unsecured credit card, Zolve’s unique approach brings simplicity to credit building because you will be building credit with your own money. Additionally, you will not have to worry about accruing debt or overspending. However, if you plan on shopping, the Zolve Azpire Credit Builder Card can earn you up to 10% cash back on shopping done at over 7k outlets.

Pro's Con's
Build credit with a checking account Will not affect your credit utilization ratio
No interest or late fees Unsecured credit card upgrade up to $5,000 credit limit
Possibility to upgrade to an unsecured credit card Cash back is only available with participating outlets
Purchases reported to three major credit bureaus No sign-up bonus

Honorable Mention - Sesame Cash Credit Builder

Sesame Cash Credit Builder 141x224
No Fees, No APR, No Credit Check!
  • Build Credit with a Prepaid Debit Card
  • Monthly Reporting to all 3 Major Credit Bureaus
  • No Hideen Fees
☆ No Annual Fee or Interest
☆ No minimum security deposit required
☆ Ideal for everyday purchases to help build credit
Visit Card Site

Terms & Conditions

The Sesame Cash Credit Builder is a prepaid debit card issued by Community Federal Savings Bank. Similar to our previous mentions, the card charges no interest and does not require a credit check. In contrast, the Sesame Cash Credit Builder debit card is a virtual Mastercard and not a physical plastic card.

Unlike the Extra Debit Card and the Path Card, the Sesame Credit Builder card has no fees, not even a monthly subscription fee. It’s 100% free. The Sesame Cash account is more comparable to a secured credit card because although it is linked to an external bank account, you, as the cardholder, get to choose a security deposit amount. In return, it will act as your line of credit.

The card has features to help you build credit responsibly. For example, Sesame Credit Builder focuses on credit utilization. It allows the user to set a credit utilization limit. Experts recommend your credit utilization ratio should not exceed 30%. However, you can change the limit at your preference anytime. Sesame will report your purchases to the credit bureaus. As you shop with the Sesame Cash account throughout the month, Sesame will add your purchases to the credit builder to create a credit balance. Never miss a payment by setting up auto-pay.

Sesame Cash can also be used to earn cash back with their affiliated merchant offers. In addition, users have the option to set up a direct deposit and get paid up to two days earlier. Through the Credit Builder app, you can also check your credit score daily to keep track of your progress.

Related Article: Smart Ways To Manage Your Credit Card

Featured image by yacobchuk/ Getty Images

Bad Credit? Here’s How to Double Your Line

by Cory Santos
Bad Credit? Here’s How to Double Your Line Double Credit Limit

Last updated on November 3rd, 2023

Getting a credit limit increase on your credit card is an amazing feeling. Additional credit means your issuer trusts you and wants to reward your wise credit decisions with additional resources. But if you have a bad credit score, getting a credit limit increase can seem like a pipe dream – but it doesn’t have to be that way. Here’s how the double your line features work with credit repair credit cards:

Please note that the Merrick Bank Double Your Line Secured Card is no longer available.

At a Glance


FIT™ Platinum Mastercard®
Reflex® Platinum Mastercard®
Surge® Platinum Mastercard®

Credit Limit Increases for Subprime Borrowers

Most credit card issuers monitor accounts for limit increases periodically. Generally, the better your credit score, the better your odds of getting additional credit access. This, in return, usually means that people with lower credit scores miss out on all the credit limit increase opportunities – but that’s not the case.

Merrick Bank is one issuer looking to buck that trend. The bank offers cards that Double Your Line® after meeting some basic requirements. Here’s how the Double Your Line® program works:

Merrick Bank’s Double Your Line® Feature: How Does It Work?

The Double Your Line feature from Merrick Bank makes the cards the ideal platform for building credit. The Merrick Bank Double Your Line program works like this:

  • Open an eligible Merrick Bank credit card account
  • Use the card to make purchases
  • Make at least your minimum monthly payment for the first six months
  • Pay on time every month
  • Gain access to double your credit line

If you meet these basic requirements, you can expect to double your credit line by month seven of account ownership. Even better, the initial credit jump may be just the start of your credit journey with Merrick. The bank regularly reviews accounts for credit line increases. If your account qualifies, the credit line may be increased.

Of the options, the Merrick Bank Double Your Line® Secured Card is perhaps the most exciting. The Double Your Line feature provides increased access to credit without the need for additional deposits. Your credit line of $200 will double to $400 automatically if you make at least your minimum payment on time each month for the first seven months your account is open. This is an especially great feature for those with the secured card, as it provides more available credit and helps bridge the gap between a secured credit card and an unsecured one.

Are There Other Credit Cards That Double Your Limit?

Merrick Bank is the best-known issuer that provides an automatic doubling of your credit limit – but they aren’t the only ones in on the act. Other sub and near-prime lenders also offer this feature, including Celtic Bank and Continental Finance:

Fit Mastercard

The FIT Platinum Mastercard is another subprime credit card with a credit doubling feature. New accounts with Fit enjoy an initial credit limit of $400. Using your Fit credit card to make purchases is doubly rewarding. Not only do you build credit with on-time payments, but your credit line can double in just six months. Simply use your card anywhere Mastercard is accepted. Then, after making at least your minimum payments on time each month for the first six months and your $400 credit limit doubles to $800!

Surge & Reflex Mastercard

The Surge Platinum Mastercard and Reflex Platinum Mastercard are two popular credit cards issued by Celtic Bank for fair credit. Both credit cards are aimed at credit building, with an initial credit line of between $300 and $1,000. Those credit lines are on-par with other bad credit credit cards and is a great platform for boosting your flagging credit score. After all, getting a credit limit increase is a milestone achievement when trying to build your credit. With Surge and Reflex Mastercard, your initial credit limit will double. Simply make the first six monthly minimum payments on time and $300 to $1,000 becomes $600 to $2,000 – wow!

Related Article: Easiest Credit Cards to Get with Bad Credit

Featured image by Bru-nO/PixaBay

The Best Luxury Credit Cards

by Cory Santos
Best luxury credit cards 2020

Last updated on April 3rd, 2024

There are great credit cards for every budget, hobby, business, want, need, or anything else you can imagine. Great cards are everywhere, but we know you’re here to see the absolute best luxury credit cards for 2023. We have rounded up our top picks, packed with mile-earning potential, travel credits, airport lounge access, and more. 

At a Glance


The Platinum Card® from American Express
Chase Sapphire Reserve®
Capital One Venture X
UBS Visa Infinite Credit Card
U.S. Bank Altitude™ Reserve Visa Infinite® Card

Best Luxury Credit Cards

Luxury cards are the most sought-after breed in the credit card world. They offer the kind of VIP experiences you dream about but that comes with a hefty price tag. Cardholders have access to exclusive airport lounges, complimentary upgrades, in-flight bonuses, shortcuts through security, and so much more. But are luxury cards worth it? And which cards are the crème de la crème?

At BestCards.com, we have an unrivaled selection of credit cards from issuers of every size. If you are looking for a secured card from a regional credit union, we’ve got you covered. If you’re a start-up looking for a great no annual fee business card, you’ve come to the right place. And if you want an uber-luxurious card that pampers you like royalty, look no further. Here are the picks for Best Luxury Credit Cards of 2023.

The Platinum Card® from American Express

The Platinum Card® from American Express
Visit Card Site Rates & Fees
Excellent
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent
American Express Processing Network
$695 Annual Fee

The Platinum Card® from American Express

  • See Pay Over Time APR Regular Purchase APR
  • 29.99% variable based on the Prime Rate Cash Advance APR

At a Glance

Luxury is always within reach when you use The Platinum Card® from American Express. This exclusive rewards card offers premium travel rewards and a host of additional perks for the savvy voyager. Uber Cash and complimentary lounge access are just a few of the more practical perks that lend ongoing value to Platinum Card members beyond the impressive signup bonus.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Earn 5X Membership Rewards® Points for flights booked directly with airlines or with American Express Travel up to $500,000 on these purchases per calendar year and earn 5X Membership Rewards® Points on prepaid hotels booked with American Express Travel
  • 5X Membership Rewards® Points on prepaid hotels booked on amextravel.com
  • $200 Airline Fee Credit: Get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required
  • $200 Hotel Credit: Get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when you pay with your Platinum Card®
  • VIP status and $200 Uber savings on rides or eats orders in the U.S. annually
  • Complimentary Gold status in Marriott Bonvoy and Hilton Honors programs
  • Complimentary membership in premium car rental programs
  • $240 Digital Entertainment Credit: Get up to $20 back each month on eligible purchases made with your Platinum Card® on one or more of the following: Audible, Disney+, The Disney Bundle, ESPN+, Hulu, Peacock, SiriusXM, and The New York Times. Enrollment required.
  • $179 CLEAR® Credit: Use your Card and get up to $179 back per year on your CLEAR® membership
  • $300 Equinox Credit: Get up to $25 back each month on the Equinox+ digital fitness app, or eligible Equinox club memberships when you pay with your Platinum Card®. Enrollment required
  • $155 Walmart+ Credit: Cover the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax
  • Terms Apply
  • Regular Purchase APR: See Pay Over Time APR
  • Cash Advance APR: 29.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Penalty APR: See Rates & Fees
  • Annual Fee: $695
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
  • You travel often and can take advantage of a myriad of benefits including access to airport lounges and Uber credits
  • you intend to sign up for Global Entry or TSA Pre?®
  • You prefer airline flexibility when redeeming points for travel
  • You're likely spend $6,000 within the first six months as a cardholder to receive the card’s welcome offer
  • You'll take advantage of exclusive events and experiences available only to Platinum cardholders
The Platinum Card® from American Express

The Platinum Card® from American Express

Rates & Fees
Visit Card Site Rates & Fees

The Platinum Card from American Express

No list of the best luxury credit cards of 2023 would be complete without the Platinum Card. The Amex Platinum is the name in luxury – and that reputation appears safe for the long-term. The card earns impressive points with American Express Travel bookings, but the vast array of travel perks and rewards program tier upgrades are what makes this card a constant in the wallet of the savvy traveler.

What are those perks? To begin with, the Platinum Card provides complimentary access to Priority Pass lounges, Delta Sky Club Lounges, and American Express’ own Centurion Lounge and International American Express® lounges. This collection, known as the Global Lounge Collection, offers an unparalleled choice to the luxury-conscious traveler. Additional credits for airline fees, TSA Pre-Check and Global Entry, and $200 in Uber credits make traveling to – and from – the airport a breeze.

Once out of the terminal, the Amex Platinum Card continues to shine, offering elite status in both the Marriott Bonvoy (Marriott Gold) and Hilton Honors (Hilton Gold) loyalty programs. These perks give cardholders access to complimentary upgrades, free breakfast, superfast Wi-Fi, and late check-out. All told, the American Express® Platinum Card offers over $1,000 in statement credits each year, which includes at least $400 in travel credits. This value on its own makes up for the $695 annual fee. The lounge access, and hotel perks, however, are what makes this card the ultimate luxury card – and one any serious globe-trotter needs to consider.

Chase Sapphire Reserve®

Chase Sapphire Reserve®
Learn more about the Chase Sapphire Reserve® Terms & Conditions
Excellent
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent
Visa Processing Network
$550, each authorized user: $75 per year Annual Fee

Chase Sapphire Reserve®

  • 21.74% to 28.74% variable based on creditworthiness and Prime Rate Regular Purchase APR
  • 21.74% to 28.74% variable based on creditworthiness and Prime Rate Balance Transfer APR
  • 29.49% variable based on the Prime Rate Cash Advance APR

At a Glance

With the Chase Sapphire Reserve® card, luxury and travel rewards come together with this upper-tier card, which offers an attractive points system and includes a lengthy list of perks for any jet setter.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Travel℠.
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
  • Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Travel℠. For example, 60,000 points are worth $900 toward travel.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
  • 1:1 point transfer to leading airline and hotel loyalty programs • Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Member FDIC
  • Regular Purchase APR: 21.74% to 28.74% variable based on creditworthiness and Prime Rate
  • Balance Transfer APR: 21.74% to 28.74% variable based on creditworthiness and Prime Rate
  • Balance Transfer Transaction Fee: Either $5 or 5% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 29.49% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each transaction, whichever is greater
  • Penalty APR: Up to 29.99% variable based on the Prime Rate
  • Annual Fee: $550, each authorized user: $75 per year
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
  • You travel often and want a card that provides worldwide value
  • You eat at restaurants frequently
  • You plan to use rewards for travel, which provides the best value for redemption
  • You want a card with no foreign transaction fees
Chase Sapphire Reserve®

Chase Sapphire Reserve®

Terms & Conditions
Learn more about the Chase Sapphire Reserve® Terms & Conditions

Chase Sapphire Reserve®

Luxury cards are primarily travel cards. The best luxury cards offer the best luxury travel benefits. After all, if you wanted a card that provided you with luxury at home, you’d likely apply for a Home Depot, Lowes, or Bed Bath & Beyond card. There aren’t many high-end cards as associated with travel as the Chase Sapphire Reserve®.

The Sapphire Reserve® made headlines recently due to the rise in its annual fee – now $550. American Express makes up for this with statement credits, effectively wiping out the annual fee. Chase also attempts this trick, offering over $300 in credits towards travel purchases each year. Cardholders also receive TSA Pre-Check/Global Entry credits every four years.

The Reserve also provides unlimited lounge access through Priority Pass and Visa® Infinite’S Luxury Hotel Collection. The real benefit of the Sapphire Reserve®, however, is in the value of its points. Beyond the 50,000 bonus points after signup, the 3X points travel and dining pack an extra punch thanks to the Reserve Card earning an additional 50% redemption value through the Chase Ultimate Rewards Program. That program, considered the best in the rewards game, offers cardholders access to one-to-one point-to-airline mile transfers, unique experiences, and more.

Capital One Venture X Rewards Credit Card

Capital One Venture X Rewards Credit Card
Visit Card Site Terms & Conditions
Excellent-Good
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent / Good
Mastercard Processing Network
$395 Annual Fee

Capital One Venture X Rewards Credit Card

  • 21.99% - 28.99% variable based on creditworthiness and the Prime Rate Regular Purchase APR
  • 21.99% - 28.99% variable based on creditworthiness and the Prime Rate Balance Transfer APR
  • 28.99% variable based on the Prime Rate Cash Advance APR

At a Glance

The Capital One Venture X Rewards Credit Card provides huge travel perks, impressive miles on every purchase, and more – for a $395 annual fee. New accounts also enjoy 75,000 miles after making $4,000 in purchases in the first three months.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,300+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more-you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Elevate your stay at luxury hotels and resorts from the Premier Collection with a $100 experience credit, daily breakfast for 2 and complimentary WiFi on every booking, plus other premium benefits like room upgrades, early check-in and late checkout when available
  • Regular Purchase APR: 21.99% - 28.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 21.99% - 28.99% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR.
  • Cash Advance APR: 28.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: 3% of the amount of the cash advance, but not less than $3
  • Annual Fee: $395
  • Late Payment Penalty Fee: Up to $40
  • You travel often, and want a card that provides lounge access, elite status, and more
  • You plan on issuing cards to multiple authorized users
  • You plan on spending at least $4,000 on the card in the first three months
  • You don’t want to pay foreign transaction fees
Capital One Venture X Rewards Credit Card

Capital One Venture X Rewards Credit Card

Terms & Conditions
Visit Card Site Terms & Conditions

Capital One Venture X Rewards Credit Card

If you’re looking for luxury at a decent price point and travel perks, look no further than the Capital One Venture X Rewards Credit Card. This one is for the frequent traveler and big spender. The Venture X is a travel rewards credit card that features bonus miles, travel credits, airport lounge access, and more.

If you plan to spend at least $4,000 in the first three months of acquiring your Venture X card, then you can claim 75,000 bonus miles as a new cardholder. That is over $700 towards travel. Cardholders also get 10K bonus miles annually – equal to $100 towards travel. Additionally, card users will also receive up to a $100 credit on Global Entry or TSA PreCheck®, perfect for getting through faster at airport security lines or international flights.

Furthermore, we have the reward miles to discuss. Get up to 10x reward miles on things like hotel and car rentals, flights booked through Capital One Travel, and all your other purchases. Travel with more added through the cards partner lounge network. Relax before a flight, you and two guests in over 1,300 lounges worldwide from Priority Pass™ and Plaza Premium Group.

UBS Visa Infinite Credit Card

UBS Visa Infinite Credit Card

UBS Visa Infinite Credit Card
Visit Card Site Terms & Conditions
Excellent
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent
Visa Processing Network
$495 Annual Fee

UBS Visa Infinite Credit Card

  • 20.24% variable based on the Prime Rate Regular Purchase APR
  • 20.24% variable based on the Prime Rate Balance Transfer APR
  • 27.24% variable based on the Prime Rate Cash Advance APR

At a Glance

Luxurious travel rewards credit cards are a rare creature in the credit card world, and the UBS Visa Infinite Card is an excellent example of the breed. The card earns 3X points on airfare, 2X on gas and groceries, and 1X on everything else. Points aren’t what makes this card so impressive, however. The perks, service, and statement credits available with the card are tough to beat and make this card well worth every penny of its $495 annual fee.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Earn 3x points for commercial air travel, 2x points for gas and groceries, and 1 point for all other eligible purchases
  • Flexible rewards options including travel, gift cards, merchandise—and your annual fee
  • $250 credit for any qualifying air travel expenses
  • Complimentary Priority Pass membership
  • TSA Pre-check or Global Entry statement credits
  • Regular Purchase APR: 20.24% variable based on the Prime Rate
  • Intro Balance Transfer APR: 0% for 12 months on transfers made within 90 days from account opening date
  • Balance Transfer APR: 20.24% variable based on the Prime Rate
  • Balance Transfer Transaction Fee: Either $2 to $10 or 2% to 3% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 27.24% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $2 to $10 or 2% to 3% of the amount of each cash advance, whichever is greater
  • Penalty APR: 29.99% variable based on the Prime Rate
  • Annual Fee: $495
  • Late Payment Penalty Fee: Up to $38
  • Return Payment Penalty Fee: Up to $38
  • You're a current UBS Wealth Management customer
  • You travel often and want perks to make the trip that much more enjoyable
  • You prefer experiences over points
  • You have an eye for the more beautiful things in life
UBS Visa Infinite Credit Card

UBS Visa Infinite Credit Card

Terms & Conditions
Visit Card Site Terms & Conditions

First, a confession: I have a deep admiration for the UBS Visa® Infinite Card. Not because the card earns an unheard-of amount of points or even great points, for that matter. I adore this card because of the luxury it showers upon cardholders. The UBS Visa® Infinite may only earn 3X points on commercial airfare and travel purchases and an additional 2X points on gas and groceries, but it makes up for this shortcoming with travel perks that would make even a Sapphire Reserve® die-hard envious.

The luxury begins with the UBS Concierge service, which not only provides the usual 24/7 availability and ticket booking you’d expect from Amex or Chase, but also a cohort of local travel experts that can guide cardholders through every step of their travel – and provide unrivaled advice. Great advice and 24/7 support are one thing, but a real luxury card needs airport lounge access. UBS provides that (and then some), as cardholders receive unlimited access to Priority Pass lounges. Of course, some programs don’t operate within the Priority Pass network, which is frustrating.

Fortunately, UBS has an answer, with their $500 Any Airport Club statement credit. Other travel perks include TSA Pre-Check statement credits, a $250 air travel statement credit, free Gogo in-flight Wi-fi, and savings on private jet bookings through NetJet (including a complimentary 12.5-hour Jet Card for new cardholders). Cardholders also have the usual access to Visa® Infinite hotels and bookings, with an extra $700 service credit for stays at Villas of Distinction, should they need a massage, some champagne, or even a private chef after their long journey. Not bad for a $495 annual fee.

U.S. Bank Altitude™ Reserve Visa Infinite® Card

U.S. Bank Altitude™ Reserve Visa Infinite® Card
Visit Card Site Terms & Conditions
Excellent
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent
Visa Processing Network
$400 Annual Fee

U.S. Bank Altitude™ Reserve Visa Infinite® Card

  • 22.24% to 29.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
  • 22.24% to 29.24% variable based on creditworthiness and the Prime Rate Balance Transfer APR
  • 29.99% variable based on the Prime Rate Cash Advance APR

At a Glance

The U.S. Bank Altitude Reserve Visa Infinite Card is a premium travel card designed to compete directly with travel heavyweights like the Chase Sapphire Reserve and the American Express Platinum Card. The card, like other premium travel credit cards, comes with an array of travel perks and privileges, including statement credits for a TSA Precheck or Global Entry and travel purchases each year, complimentary Priority Pass Select membership, and more.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Earn 50,000 bonus enrollment points after making $4,500 in the first 90 days as a cardholder
  • Earn 5X points per$! spent on prepaid hotels and car rentals booked directly in the Altitude Rewards Center
  • Earn 3X points for every $1 on eligible net travel purchases and mobile wallet spending
  • Stay connected with 12 complimentary Gogo® Inflight Wi-Fi passes per year
  • Complimentary 12-month Priority Pass™ Select membership that gives access to more than 1,300 VIP lounges worldwide
  • Regular Purchase APR: 22.24% to 29.24% variable based on creditworthiness and the Prime Rate
  • Balance Transfer APR: 22.24% to 29.24% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 29.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Annual Fee: $400
  • Late Payment Penalty Fee: Up to $41
  • Return Payment Penalty Fee: Up to $41
  • You want an ultra-premium travel card
  • You plan to spend $4,500 within the first 90 days of opening an account
  • You want lounge access, TSA Precheck statement credits, and Wi-Fi credits
  • You like the sound of custom-engraved metal credit card
  • You don’t mind paying a $400 annual fee
U.S. Bank Altitude™ Reserve Visa Infinite® Card

U.S. Bank Altitude™ Reserve Visa Infinite® Card

Terms & Conditions
Visit Card Site Terms & Conditions

U.S. Bank Altitude Reserve Visa Infinite Card

The U.S. Bank Altitude Reserve® Visa® Infinite is the discount luxury card on this list (if you count a $400 annual fee as a discount, that is). The Altitude Reserve comes with all the typical travel perks you’ve come to expect from a luxury card. Cardholders receive Priority Pass lounge access, a $350 travel statement credit each year. They also get credits for TSA Pre-Check/Global Entry application fees every four years, and 12 free Gogo Wi-Fi vouchers.

The reason I like the U.S. Bank Altitude Reserve®, however, isn’t the perks (though those are great). I love this card because it offers something that other luxury cards don’t provide: The ability to earn serious points through mobile wallet payments. The card gets the same 3X points like many other comparable cards do on travel purchases, but it also earns triple points on purchases made through mobile wallets.

The chance to earns 3X points when using the card for everyday purchases brings a taste of luxury into the everyday world. Sure, the card offers many of the goodies that come with cards like the Sapphire Reserve® or the UBS Visa® Infinite, but it does so with the bonus of earning an impressive amount of points at the convenience store, the movies, or anywhere else contactless payments are available.

Honorable Mentions

Hilton Honors American Express Aspire Card

Hilton Honors American Express Aspire Card
Visit Card Site Rates & Fees
Excellent
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent
American Express Processing Network
$550 Annual Fee

Hilton Honors American Express Aspire Card

  • 20.99% to 29.99% variable based on creditworthiness and the Prime Rate Regular Purchase APR
  • 29.99% variable based on the Prime Rate Cash Advance APR

At a Glance

The Hilton Honors American Express Aspire Card is a behemoth of a hotel card, offering new cardmembers the ability to earn a hefty Hilton Honors bonus points welcome offer after making $6,000 in eligible purchases on the card within the first three months of the account opening. This card also grants the ability to earn a whopping 14x Hilton Honors points per dollar spent on direct Hilton hotel and resort purchases.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • 14X points for Hilton hotels and resorts
  • 7X points on flights booked directly with airlines or through amextravel.com, ca
  • 7X points on car rentals booked directly from select car rental companies
  • 7X points at U.S. restaurants
  • 3X points on all other purchases
  • Complimentary Diamond Status in the Hilton Honors rewards program
  • Anniversary bonus of one weekend night
  • Earn additional weekend night reward after spending $60,000 within calendar year
  • $400 Hilton resort statement credit
  • Regular Purchase APR: 20.99% to 29.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR: 29.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Penalty APR: 29.99% variable based on the Prime Rate
  • Annual Fee: $550
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
  • You're capable and willing to spend $6,000 within the first three months of opening an account to receive the card’s welcome offer of bonus Hilton Honors points
  • You wantCLEAR security fast pass
  • You book stays at Hilton Resorts at least once per year
  • You will make $60,000 in purchases per year
Hilton Honors American Express Aspire Card

Hilton Honors American Express Aspire Card

Rates & Fees
Visit Card Site Rates & Fees

Marriott Bonvoy Brilliant® American Express® Card

Marriott Bonvoy Brilliant® American Express® Card
Visit Card Site Rates & Fees
Excellent
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent
American Express Processing Network
$650 Annual Fee

Marriott Bonvoy Brilliant® American Express® Card

  • 20.99% to 29.99% variable based on creditworthiness and the Prime Rate Regular Purchase APR
  • 29.99% variable based on the Prime Rate Cash Advance APR

At a Glance

The Marriott Bonvoy Brilliant® American Express® Card adds a sizable dose of luxury to your wallet with generous rewards and ample perks for your travels. If you feel as though you spend more time in a Marriott Bonvoy hotel room than anywhere else, this card can help you make the most of it with free stays, upgrades and points for days (and nights).

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Earn 150,000 Marriott Bonvoy bonus points after you use your new Card to make $6,000 in purchases within the first 6 months of Card Membership. Plus, earn 50,000 Marriott Bonvoy bonus points after you stay 6 eligible paid nights at hotels participating in Marriott Bonvoy through 1/31/24. Offer ends 8/9/2023.
  • $300 Brilliant Dining Credit: Each Card renewal year, get up to $300 in statement credits per calendar year (up to $25 per month) for eligible purchases at restaurants worldwide.
  • With Marriott Bonvoy Platinum Elite status, you can receive room upgrades, including enhanced views or suites, when available at select properties and booked with a Qualifying Rate.
  • Earn 6 Marriott Bonvoy points for each dollar of eligible purchases at hotels participating in Marriott Bonvoy® program. 3 points at restaurants worldwide and on flights booked directly with airlines. 2 points on all other eligible purchases.
  • Marriott Brilliant Free Night Award: Receive 1 Free Night Award every year after your Card renewal month. Award can be used for one night (redemption level at or under 85,000 Marriott Bonvoy points) at hotels participating in Marriott Bonvoy®. Certain hotels have resort fees.
  • Each calendar year after spending $60,000 on eligible purchases made on their Marriott Bonvoy Brilliant® American Express® Card, Card Members are eligible to select an Earned Choice Award benefit. You can only earn one Earned Choice Award per calendar year. See https://www.choice-benefit.marriott.com/brilliant for Award options.
  • $100 Luxury Property Credit: Enjoy your stay. Receive up to a $100 property credit for qualifying charges at The Ritz-Carlton® or St. Regis® when you book direct using a special rate for a two-night minimum stay using your Card.
  • Fee Credit for Global Entry or TSA PreCheck®: Receive either a statement credit every 4 years after you apply for Global Entry ($100) or a statement credit every 4.5 years after you apply for a five-year membership for TSA PreCheck® (up to $85 through a TSA PreCheck official enrollment provider) and pay the application fee with your Marriott Bonvoy Brilliant® American Express® Card. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
  • Each calendar year with your Marriott Bonvoy Brilliant® American Express® Card you can receive 25 Elite Night Credits toward the next level of Marriott Bonvoy® Elite status. Limitations apply per Marriott Bonvoy® member account. Benefit is not exclusive to Cards offered by American Express. Terms apply.
  • Enroll in Priority Pass™ Select, which offers unlimited access to over 1,200 lounges in over 130 countries, regardless of which carrier or class you are flying. This allows you to relax before or between flights. You can enjoy snacks, drinks, and internet access in a quiet, comfortable location.
  • No Foreign Transaction Fees on international purchases.
  • You can be reimbursed for your costs to repair or replace your damaged or Stolen cell phone for a maximum of $800 per claim with a limit of 2 approved claims per 12-month period when your cell phone line is listed on a wireless bill and the prior month's wireless bill was paid by an Eligible Card Account. A $50 deductible will apply to each approved claim. Coverage is provided by New Hampshire Insurance Company, an AIG Company. Additional terms and conditions apply.
  • $650 Annual Fee.
  • Terms Apply.
  • Regular Purchase APR: 20.99% to 29.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR: 29.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Penalty APR: 29.99% variable based on the Prime Rate
  • Annual Fee: $650
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
  • You book the majority of your hotel stays at Marriott Bonvoy properties
  • You travel frequently for work or pleasure and want to rack up more points on your Marriott Bonvoy loyalty membership
  • You often incur incidental charges such as room service or spa service during your hotel stays
  • You're looking for a luxury travel card with massive rewards for every purchase and no foreign transaction fees
Marriott Bonvoy Brilliant® American Express® Card

Marriott Bonvoy Brilliant® American Express® Card

Rates & Fees
Visit Card Site Rates & Fees

American Express® Gold Card

American Express® Gold Card
Visit Card Site Rates & Fees
Excellent-Good
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent / Good
American Express Processing Network
$250 Annual Fee

American Express® Gold Card

  • See Pay Over Time APR Regular Purchase APR
  • 29.99% variable based on the Prime Rate Cash Advance APR

At a Glance

Foodies, rejoice! The American Express® Gold Card grants you the ability to earn 4X Membership Rewards® points at restaurants worldwide and US supermarkets, and 3X Membership Rewards® points on flights booked directly with airlines or via amextravel.com. There are also numerous travel perks of note, including statement credits for hotel and airline purchases.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Earn 75,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership
  • Earn 4X Membership Rewards® points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X)
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com
  • $120 Uber Cash on Gold: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year
  • $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required
  • Choose the color that suits your style. Gold or Rose Gold
  • No Foreign Transaction Fees
  • Annual Fee is $250
  • Terms Apply
  • Regular Purchase APR: See Pay Over Time APR
  • Cash Advance APR: 29.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Penalty APR: 29.99% variable based on the Prime Rate
  • Annual Fee: $250
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
  • You want to earn 4X Membership Rewards® points for global restaurant purchases, including takeout and delivery
  • You also wish to earn 4X Membership Rewards® points on purchases at U.S. supermarkets (up to $25,000 annually)
  • You travel often and can take advantage of 3X Membership Rewards® points on flights booked directly with airlines or via amextravel.com
  • You would benefit from statement credits on a variety of travel expenses
American Express® Gold Card

American Express® Gold Card

Rates & Fees
Visit Card Site Rates & Fees

Delta SkyMiles® Reserve American Express Card

Delta SkyMiles® Reserve American Express Card
Visit Card Site Rates & Fees
Excellent
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent
American Express Processing Network
$550 Annual Fee

Delta SkyMiles® Reserve American Express Card

  • 20.99% to 29.99% variable based on creditworthiness and the Prime Rate Regular Purchase APR
  • 29.99% variable based on the Prime Rate Cash Advance APR

At a Glance

Frequent patrons of Delta airlines will find a lot of advantages when using the Delta SkyMiles® Reserve American Express Card. That’s because the card offers a wide variety of perks that more than make up for its $550 annual fee.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Earn 60,000 bonus miles after you spend $5,000 in purchases on your new Card in your first 6 months
  • Complimentary access to the Delta Sky Club® for you when traveling on a Delta flight
  • Enjoy complimentary access to The Centurion® Lounge when you book a Delta flight with your Reserve Card
  • Earn up to 60,000 Medallion® Qualification Miles (MQMs) With Status Boost® per year. After you spend $30,000 in purchases on your Card in a calendar year, you can earn 15,000 MQMs up to four times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion Status and are different from the miles you earn towards flights
  • Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees
  • Receive a domestic First Class, Delta Comfort+® or domestic Main Cabin round trip companion certificate each year upon renewal of your Card. Payment of the government imposed taxes and fees of no more than $80 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details
  • With your Card receive upgrade priority over other Medallion Members within the same Medallion level and fare class
  • Fee Credit for Global Entry or TSA PreCheck® after you apply through any Authorized Enrollment Provider. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck
  • Enjoy your first checked bag free on Delta flights
  • Earn 3X Miles on Delta purchases
  • Earn 1X Mile on all other eligible purchases
  • No Foreign Transaction Fees
  • $550 Annual Fee
  • Terms Apply
  • Regular Purchase APR: 20.99% to 29.99% variable based on creditworthiness and the Prime Rate
  • Cash Advance APR: 29.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Penalty APR: 29.99% variable based on the Prime Rate
  • Annual Fee: $550
  • Late Payment Penalty Fee: Up to $40
  • Return Payment Penalty Fee: Up to $40
  • You travel often and will benefit from luxury perks
  • You plan to use all of the card’s benefits and perks to justify the $550 annual fee
  • You're a current SkyMiles frequent flyer
  • You don’t want to pay foreign transaction fees
Delta SkyMiles® Reserve American Express Card

Delta SkyMiles® Reserve American Express Card

Rates & Fees
Visit Card Site Rates & Fees

Browse Hundreds of Credit Card Offers

No matter what you are looking for in a credit card, you’ll find it at BestCards.com. Our team of industry experts is constantly covering the latest credit card offers as well as meaningful credit card news, bringing you insightful analysis and detailed reviews to help you find just what you’re looking for. So, what are you waiting for? Browse the hundreds of impartial reviews on our site and find your best card today!

Walmart Sues Capital One Over Credit Cards

by Cory Santos
Walmart Suing Capital One Over Credit Card Partnership

Last updated on September 6th, 2023

Walmart is suing Capital One to break its credit card partnership. The retail giant alleges that Capital One is in breach of contract over specific account maintenance requirements to the partnership’s co-branded rewards card – the Walmart Rewards™ Card.

Walmart Sues to End Capital One Partnership

Walmart isn’t happy with Capital One. A report in the Wall Street Journal states that the box-store giant is looking to terminate its relationship with Capital One Financial Corp, with Walmart alleging the bank did not meet service obligations, failed to replace lost cards, and delayed or failed to post some transactions to customers’ accounts promptly.

At the heart of the disagreement is the Capital One® Walmart Rewards™ Card. The cash back card earns an unlimited 5% back at Walmart.com, including grocery deliveries and pickup. That 5% places the card on par with other box store rivals – Costco, BJ’s, and Amazon. With other purchases, the card earns an unlimited 2% back at Walmart stores and at Walmart and Murphy USA Fuel Stations, 2% back on dining and travel, and 1% back on all other purchases. The card features no annual fee.

Capital One Vows to Fight Back

The lawsuit by Walmart is just the latest incident in a running disagreement with Capital One. Previously, the retail brand sought to renegotiate the contract – with Walmart insisting on amending the partnership’s loss-sharing agreement and hoping to include its fintech neobank, ONE Finance, in launching future co-branded cards.

A Capital One representative told the WSJ it would “vigorously protect our contractual rights in court.”. Additionally, the company claimed that Walmart’s lawsuit “is an attempt to renegotiate the economic terms of the partnership it agreed to just a few years ago or end the deal early.” That deal is otherwise expiring in 2026 – although provisions exist for the contract to be extended.

Capital One is one of the largest issuers of retail credit cards in the US. It features co-branded Mastercard credit cards with Cabela’s/Bass Pro Shop, Pottery Barn, William Sonoma, BJ’s, and more.  The bank took over the Walmart credit card portfolio after the retailer in 2019 after Walmart sued to break its agreement with the previous issuer, Synchrony. That lawsuit alleged that Synchrony’s underwriting practices resulted in financial harm and ended a twenty-year relationship.

Related Article: The Best Credit Cards for Amazon Prime Day

Featured image by Walmart

CLEAR & TSA Precheck to Streamline Application

by Cory Santos
CLEAR & TSA Precheck to Streamline Application

Last updated on September 6th, 2023

The United States Transportation Security Administration (TSA) and CLEAR are working on a streamlined application process, according to reports. The two security fast-track programs are popular amongst travelers but can cause headaches thanks to overlapping application processes. The reports state that TSA is working with CLEAR and an information technology firm, Telos, to create a single application for both services.

What is TSA Precheck?

The TSA’s Precheck is a popular membership program that saves weary travelers time in security lines, thanks to a member’s-only lane at US airports. Even better, travelers enrolled in the program don’t need to remove their coats, shoes, or belt, nor do they need to remove electronics or liquids from their bag.

TSA Precheck is a feature of many premium travel credit cards. It provides complimentary or discounted access to the service – available in more than 200 airports and with over 85 airlines. There are currently more than 10 million members of the program. TSA Precheck membership is valid for five years and costs $78.

What is CLEAR?

Clear is another fast-pass program that utilizes biometric data to quickly get members through more than 40 US airports and venues. CLEAR is a private service, unlike Precheck, which explains its reduced acceptance versus TSA Precheck. That said, the CLEAR service is an excellent way to expedite the security process – shaving time off checks and getting you to the airport lounge faster. The CLEAR program costs $189 annually, with users able to add up to three family members for $60 each per year.

Streamlined Applications

Now CLEAR is looking to make a giant leap by adding TSA Precheck in some US airports as early as next month. The expanded partnership results from requirements set by the TSA Modernization Act and the FAA Reauthorization Act of 2018 and is being overseen by Telos.

Because the TSA Precheck enrollment process is handled by third-party contractors, streamlining the application process for the service and CLEAR is fairly straightforward (other services, like Global Entry, are directly handled by foreign governments).

Of course, this does not mean that the two programs are merging. To take part in both services, travelers will need to apply for both, including paying both membership fees. The new process will simply streamline the application and verification process – letting new members kill two birds with one stone.

“On a Mission to Make Experiences Safer”

“CLEAR has been on a mission to make experiences safer and easier since day one, so we’re looking forward to becoming an authorized TSA Precheck enrollment provider to help bring TSA Precheck enrollment to more people in more places,” a CLEAR spokesperson said in a statement. “Once CLEAR successfully meets all TSA requirements to become an enrollment provider and completes a trial period, CLEAR will be approved by TSA to begin offering TSA Precheck enrollment services to the public at select locations using CLEAR pods.”

“TSA will authorize Telos and Clear as TSA Precheck enrollment providers when each is ready to begin operations, and there is no established date for either enrollment provider at this time,” added a TSA spokesperson said. “Telos and Clear will join Idemia in time, but any discussion about timeframes and how they each will go to market is entirely premature.”

Related Article: Bilt Rewards Offers Free Hyatt Explorist Status

Featured image by Creative Commons

Changes Coming to Amazon Prime Rewards Visa

by Cory Santos
Changes Coming to Amazon Prime Rewards Visa

Last updated on September 6th, 2023

Chase and Amazon are changing the popular Amazon Prime Rewards credit cards. The refresh will see minor changes coming to the card, with the 2% back on drugstores removed and replaced with more versatile rewards, starting in May. Here’s everything you need to know about the upcoming changes to the Amazon credit cards from Chase.

Chase Making Changes to Amazon Visa Cards

The Amazon credit cards from Chase are among the most popular rewards credit cards for online shopping. That popularity stems from the versatility the cards offer on everyday purchases. Cardholders earn cash back on the following purchases:

Prime Visa Amazon Visa
Amazon Prime membership required? Yes No
Rewards Earn 5% back on Amazon.com and Whole Foods Market purchases Earn 3% back on Amazon.com and Whole Foods Market purchases
Earn 5% back on purchases made through Chase Travel Earn 3% back on purchases made through Chase Travel
Earn 3% back on purchases at restaurants, gas stations, and drug stores Earn 2% back on purchases at restaurants, gas stations, and drug stores
Earn 2% back on local transit and commuting, including rideshares Earn 2% back on local transit and commuting, including rideshares
Earn 1% back on all other purchases Earn 1% back on all other purchases
Annual fee No annual fee No annual fee

Now, Chase is making changes to the two Amazon credit cards. Effective May 1, 2023, the changes have been unveiled in an email notice to current cardholders.

On that date, the 2% back on drugstores benefit will be discontinued, with 2% back on local transit and commuting, including rideshares replacing it. Additionally, cardholders will earn 5% back on purchases made through Chase Travel with a valid Amazon Prime account.

The changes take the Amazon Rewards Visa closer to Chase’s proprietary credit cards. For example, Chase Freedom Flex and Freedom Unlimited already earn 3% back on drugstore purchases, making the new changes ideal for the Amazon cardholder with multiple Chase cards.

About the Amazon Rewards Visa Signature

The new bonus categories on the Amazon credit cards are a great boost for those who really want to get the most out of their credit card. The cards, one which requires a Prime membership and one that does not) offers far more than just excellent cash back rewards at Amazon, Whole Foods, and elsewhere.

Cardholders also enjoy special promotional financing on eligible Amazon purchases. Instead of cash back, cardholders can enjoy a 0% promo APR for 6-12 months on purchases $50 or more. Even better, cardholders earn 10% back or more on a rotating selection of items and categories on Amazon.

The Amazon Rewards and Prime Rewards Visa cards also provide Visa Signature benefits and protections, including Zero Fraud Liability, reimbursement for lost luggage, car rental damage waivers, and roadside assistance. Here’s a full list of Visa Signature benefits:

Zero Fraud Liability Cardholder Inquiry Services Emergency Card Replacement Luxury Hotel Collection Extended Warranty Coverage
Roadside Dispatch Lost/Stolen Card Reporting ID Navigator from Norton Travel & Emergency Assistance

Related Article: The Best Credit Cards for Amazon Prime Day

Featured image by Amazon

Federal Online Tool Enhances Card Comparison Transparency

by Jeannyn Gomez
Federal Online Tool Enhances Card Comparison Transparency

Last updated on February 20th, 2024

A federal online tool is taking strides to provide consumers with a better way to compare credit card products. The new survey reporting aims to create transparency for consumers to make the best-educated decision when comparing credit cards in today’s inflation climate.

Federal Online Tool Enhances Card Comparison Transparency

The Consumer Financial Protection Bureau (CFPB) is working on a new tool to help the public make better judgments when comparing credit card rates and benefits. The efforts in providing credit card transparency aim to give people a helping hand during rising interest costs.

A federal government-led survey has required the 25 largest credit card issuers and 125 other institutions to provide new biannual data as a contribution to the Terms of Credit Card Plans (TCCP) Survey. These efforts have been ongoing for the past 30 years. Its mission is to help consumers make informed decisions when assessing credit cards.

The tool has not had any significant updates in the past 30 years, making it feel outdated in today’s world. The information provided in the survey was often too general for the average consumer. In 2023, the average credit card interest rate has been on the fastest rise, headed toward a 20% hike. The new and improved Federal online tool may be the first move to more transparent credit card comparisons.

Lower Interest Rates & Better Comparisons

The CFPB has begun requesting orders for select card issuers to submit the required reports as part of the TCCP Survey. The new changes for the information order mean CFPB is summoning more details on the plans credit cards offer. As part of the updated improvements, the terms of credit card plans survey will include updates that will help consumers easily identify noteworthy credit card differences. Including the following:

  • Lower interest rates
  • Realistic interest rates
  • Credit card products that best-fit consumer needs

With the growing interest rates, consumers need to have easily digestible resources for a better understanding of their credit card options. With the new updates, institutions with relationship banking models will have a better chance of competing with more prominent credit card issuers. The smaller institutions tend to offer lower rates anyways but often get overlooked.

Credit Score Requirements and APRs

In addition to lower interest rates, the survey has updated questions regarding real interest rates, also known as the Annual Percentage Rate (APR). If a credit card’s APR varies by credit score, the issuer must submit additional information to clarify the minimum and maximum APR offers, including the median APRs. Adding the median APR data will help consumers make better comparisons based on their credit scores when choosing a new credit card.

Furthermore, the updates that will help consumers easily identify the credit card products that best fit their needs will be beneficial. The top 25 card issuers will have to answer questions for all their credit card products instead of just their most popular ones. All other institutions can voluntarily submit information on multiple products to their liking. The survey will contain more questions, like whether the product is a secured card or requires a deposit. There are also questions about promotional terms of balance transfers, introductory rates, and cash advances.

“The Fair Credit and Charge Card Disclosure Act of 1988 requires the semi-annual collection of data from the largest 25 issuers of credit cards and at least 125 additional institutions in a manner that ensures equitable geographic distribution within the sample and representation of a wide spectrum of institutions. The results of the semiannual terms of credit card plans survey are a key tool to facilitate credit card shopping by consumers and to enhance competition.” Source: CFPB

Featured image by wutzkoh/Canva

How to Earn More Points, Miles, and Cash Back

by Allan Guzman Chinchilla
how to earn more points miles and cash back

Last updated on September 19th, 2023

In conjunction with building credit, some of the best parts about having a credit card is the reward-earning potential you can harvest. Aside from the obvious, there are ways to earn more points, miles, and cash back. Here’s how.

How to Earn More Rewards With a Credit Card

It’s simple: If you own a credit card with a rewards program, you should try to squeeze every last point, mile, or cash back percentage out of it. While most people with these types of cards know that they’ll get something in return whenever they use them, there are several earning strategies that many are unaware of. Some don’t even take advantage of their free money at all! With just a little investigation, which we’ve done for you, you can increase your rewards tally exponentially; in most cases, it doesn’t require much additional work.

Get Credit Cards That Reward Your Frequent Purchases

Some credit cards net you additional points on grocery store purchases, while others earn double miles wherever you use them. If you frequently spend on a particular category, you should have a credit card that will reward you heavily for it. There are several categories for which certain cards will collect additional rewards: Gas, groceries, restaurants, travel, telecommunications, etc. Evaluate your most common expenses and use, or apply for, a credit card that picks up rewards at a minimum of 1.5-to-$1.

In addition to those that earn at the same flat rate year-round, you might also consider a credit card with rotating categories. Two examples from Chase and Discover earn 5% cash back on different areas quarterly. In a plausible scenario, you might earn 5% back on gas station and pharmacy purchases from January through March, while from April through June you’ll earn it instead of shopping at wholesale clubs and supermarkets. Note that you typically must enroll in or activate these rates at the start of each quarter, otherwise you’ll get rewarded at the base rate.

Chase Freedom Flex Discover it® Cash Back Citi Custom Cash℠ Card Bank of America® Customized Cash Rewards Credit Card
A hybrid cash back credit card that offers 5% back on rotating categories each quarter after activation. Cardholders earn 5% back on purchases in categories that rotate each quarter. Rewards 5% back on the top spending category each month, with options including transit, travel, gas, groceries, dining, and more. Boasts impressively flexible 3% cash back rewards on purchases in the category of your choice, on top of cash back for groceries and other everyday purchases.
No Annual Fee No Annual Fee No Annual Fee No Annual Fee

Go After Signup Bonuses

You’ll often see issuers offering introductory bonuses of thousands of miles or points in exchange for meeting a time-sensitive spending requirement. With airline cards, you could add up to 100,000 miles to your account. Cash back cards can reimburse you $500. Other rewards cards may gift 50,000 additional points or more. These big numbers are very tempting, and you can redeem them for valuable splurges: free flights or hotel stays gift cards or considerable statement credits.

The caveat, however, is the amount of money you need to spend to claim your bounty. Expect to make upwards of $1,000 in purchases within your first three months or so as a cardholder to qualify. The heftiest bonuses could require you to spend up to $5,000. If you can’t manage that magnitude of debt without falling behind on payments or being unable to fully pay off your statement balances, you’re better off not taking the risk. But if you can use your credit card on expenses that you are planning on making anyway – and if you do some additional splurging now and then – you may find the race to clear that hurdle to be pretty brisk.

Find Card Offers or Limited-Time Promotions

In addition to its regular rewards structure, your credit card may be able to give you back, even more, thanks to exclusive retailer partnerships that cater specifically to you. Chase Offers and Amex Offers are the leading practitioners and both list brands that pair well with your spending habits. All you need to do is log into your online account and look for merchants through which you can earn additional rewards when you shop there. Activate the offer and simply make a purchase. You’ll earn your card’s traditional rewards plus the extra amount from the partnered offer. Or find hundreds of offers all in one place through our free BestCards membership.

Shop Retailers Rewards Programs

Retail merchants are known for having rewards programs of their own as well as co-branded credit cards that amplify those incentives. Whether you use their proprietary card or not, you should sign up for your favorite stores’ clubs if you shop there often and multiply, as well as accelerate, your earnings every time.

Related Article: The Ultimate Guide to Credit Cards for Groceries & Delivery Services

Add Authorized Users or Employee Cards

Authorized users can snag rewards along with you when they use their own cards, and all earnings to go the same account. Likewise, if you have a business credit card you can issue additional cards to your employees and collect the rewards they earn as they cover company expenses. However, maintaining authorized users is not without its risks. Since all expenses are reported to one account, you must make sure that the spending doesn’t get out of hand. Plus, if you allow the debt to mount and can’t pay it off in full each billing period, you’ll offset your rewards with the finance charges you’ll face. Remember, with great power comes great responsibility.

Refer Your Credit Card to Others

Some issuers offer bonus awards when you refer a card to others. If the person you referred to applies for the card and is approved, you may be gifted an incentive in the neighborhood of 5,000 bonus points or miles. Targeted offers might also grant a much larger payout for bulk referrals (such as five in one year).

Use Credit Cards That Provide Extra Redemption Rewards

Most issuers have their own shopping and redemption portals where you can empty your coffers, and they encourage customers to use them. Some even raise the value of your rewards. The Chase Sapphire Preferred card, for instance, earns points that can normally be redeemed at a value of one cent per point. If you redeem them for travel purchases through the Chase Ultimate Rewards hub, though, those points will be worth 25% more. The more exclusive Chase Sapphire Reserve has the same setup, but that card’s points are worth 50% more when redeemed through Chase’s own marketplace.

Other issuers will give you more rewards when you do additional banking with them. With Bank of America, you can earn up to 75% more in rewards on every purchase if you have a checking or savings account with them and maintain a minimum balance amount. And Union Bank card rewards are worth 25% more when you redeem them as a deposit into a checking or savings account from the bank; if you redeem them as a payment towards a Union Bank mortgage, they’re valued at 50% more.

Pay Alternative Expenses With Credit Cards

You can secure an additional stream of rewards income if you use your credit card to pay bills or send money to other people. Be aware, however, that doing so almost always comes at the cost of a service charge (usually 3%). Said fee may offset any points, miles, or cash back that you’d earn from using your credit card, so assess how you’d be impacted before going through with it.

Final Thoughts

You have several options available if you need additional ways to increase your credit card rewards total, but you shouldn’t employ them if they’ll put you at risk of damaging your credit standing. Increased spending raises your credit utilization ratio, failing to make at least the minimum payment on your statement lowers your credit score, and frequently applying for new credit cards just so you can take advantage of the signup bonuses makes you look less favorable in your credit report.

However, when you stick to a budget and plan strategically, you can see your earnings surge and bask in the rewards that come with them. Always take the time to review how your credit cards fit into your lifestyle and whether a change in direction will work in your favor or not. If you need to practice restraint you may miss out on points or cash back in the short term, but your financial reputation will thank you in the long run.

Secret Deodorant: Initiating Financial Awareness for Women

by Jeannyn Gomez
Secret Deodorant Initiating Financial Awareness for Women

Last updated on September 6th, 2023

Secret Deodorant launched initiatives to help impact women’s financial knowledge positively. The project was revealed last week at the New York Stock Exchange during the Young Women’s Financial Wellness Forum.’ Here’s what you need to know about the new venture.

Awareness of Women’s Financial Health

The personal care brand Secret Deodorant is making moves to improve women’s financial awareness. According to a data table from the American Psychological Association, Gen Z hosts the highest levels of economic stress in the U.S., particularly with money. Furthermore, economic stresses affect Latino adults and Black adults the most. Most of which are women. According to the TIAA Institute study, personal finance knowledge tends to be lower among underrepresented minority women—African American and Hispanic women—compared to their white peers.

The initiatives taken by Secret Deodorant at the New York Stock Exchange during the ‘Young Women’s Financial Wellness Forum were in partnership with Seneca Women. They are a global leadership platform with a mission of leading girls and women for a more equitable and prosperous future world.

Secret Deodorant began the new venture by providing 1 million young women access to in-depth financial courses and female-led training resources.

“Secret’s Continued Efforts to Uplift Women”

“As part of Secret’s continued efforts to uplift women, we hope to spark a conversation about financial well-being and provide tools for financial literacy and education,” said Kate DiCarlo, Senior Communications Director, Personal Care Portfolio, Procter & Gamble in a statement. “Secret is proud to partner with a diverse group of women to lend their financial expertise to this initiative.” Source.

In addition, Secret has sought out renowned financial experts that can help support its finance empowerment mission. The brand is taking on the job of increasing financial education among women to demonstrate a better economic life is achievable for women. With help from the chosen multicultural financial experts, Secret can take their advice and cater specifically to the concerns of Gen Z women at Seneca Women’s ‘Young Women’s Financial Wellness Forum.’

The financial experts assisting the new Secret Deodorant cause include the following women:

  • Berna Anat: Financial educator and author of “Money Out Loud – All the Financial Stuff No One Taught Us,” helping BIPOC and first-gen folks feel seen in the money world
  • Carmen Perez: Creator of MUCH budgeting app, helping individuals manage their money and paychecks
  • Giovanna Gonzalez: Founder of The First Gen Mentor, helping first-generation students and young professionals of color entering the workplace to confidently manage their money
  • Jamila Souffrant: Founder of Journey to Launch, helping individuals launch into financial freedom
  • Marsha Barnes: CEO and founder of The Finance Bar Members Club, helping individuals start their journey to financial wellness

“I understand how imperative it is to be well-versed in the world of finances. From understanding how to get your first credit card, student loans, how to apply for a mortgage and dealing with debt, it’s a lot to take in,” said Marsha Barnes, personal finance expert and founder of The Finance Bar Members Club. “Through financial therapy and education, I can support women throughout their experiences, and partnering with Secret gives me the opportunity to extend a helping hand to more women in need. I look forward to making a meaningful impact in young women’s lives as they embark on their personal journeys to achieve financial wellness.”

The project is taking on efforts on social media via a series of posts targeting various topics on financial literacy, such as budgeting, credit building, and more. Secret has also partnered up with Prosperity Now, a racial and economic justice organization, to help break the barriers for young women in need to achieve financial equity.

Tips To Start Bettering Your Finances

Furthermore, to expand on financial topics, BestCards has quite a collection of educational content to help you navigate financial waters. Here are four tips to start bettering your finances.

Develop Healthy Habits to Live Within Your Means

There are a few actions you can take to start building better habits for a brighter financial future. For starters, budgeting. Create a budget and stick to it to keep you in control of your finances and avoid overspending. It’s also a great way to see the money entering and exiting your wallet to assess where you need to tweak your spending. It is helpful to avoid impulse buying too. Get in the habit of including savings in your budget for best results.

Start Building an Emergency Savings

Secondly, setting aside a savings account for emergencies will help protect you from financial hardships. There is only so much planning you can do in life, so make space for unexpected expenses that may pop up. Such examples include a broken-down car, job loss, and more.

Set Financial Goals for Your Future

Get comfy with a pen and paper, and write down your financial goals. Establish your goals to act as a guide on the road to financial wealth. Aside from your emergency savings account, you should set goals to save for retirement or investments. Do your due diligence and self-educate on 401k, IRA, and other retirement plans.

Continue Education Yourself

Do your research and never stop. The world of finances is everchanging. The way a financial process might have been three years ago might not be the same today. Stay updated with financial news and seek information on topics that can better your money’s health. Find content that can teach you things about personal finances, managing debt, buying cars, or getting a mortgage. Find like-minded allies and immerse yourself in a community interested in finances, where you can all help each other learn more.

Related Article: Why Secured Credit Cards Help Build Credit

Featured image by Business Wire and Secret Deodorant

Do Taxes Affect Your Credit Score?

by Cory Santos
do-taxes-affect-your-credit-score

Last updated on January 29th, 2024

Tax season is back upon us. The subject of taxes always raises plenty of questions – including about credit scores. Do your taxes affect your credit score? Here is what you need to know:

How Your Taxes Can Hurt Your Credit Score

So, can your tax bill directly impacts your credit score – yes, but only if you make a few critical mistakes.

Paying Taxes with a Credit Card

Paying taxes with a credit card isn’t common, but it is possible. Various services allow U.S. residents to pay their taxes (and back taxes) with credit cards. These services come with an additional service charge, which the IRS lays out on its website:

Payment Processor Service Fees
ACI Payments, Inc. 1.98% of the transaction costs ($2.50 minimum)
Pay1040 1.87% of the transaction costs ($2.50 minimum)
1040tax 1.85% of the transaction costs ($2.69 minimum)

The main benefits of paying taxes with a credit card include the ability to finance tax bills over a longer period and the ability to earn reward points. These benefits, however, must be balanced with the potentially harmful ramifications of paying taxes with your credit card – including missed payments and hits to your credit score.

Missing payments with a credit card will result in a negative impact on your credit score. And, since both FICO Score and VantageScore place their greatest emphasis on payment history – missing one payment can reduce a person’s credit score by 30 points – or more.

If your tax bill is significant, putting that balance on a credit card can negatively impact your credit score. Credit utilization (or overall credit use) plays a vital role in a person’s credit score. Keeping overall credit usage below 30% is crucial for maintaining a healthy credit score – and a large tax bill can quickly send credit utilization towards 50% or higher.

Paying Back Taxes with a Personal Loan

Repaying taxes owed with a personal loan is another way your income taxes can impact your credit score. Paying your taxes with a personal installment loan provides the opportunity to repay that debt over time. In this way, personal loans offer one of the same benefits of paying taxes with credit cards.

Many personal loans also feature lower interest rates than credit card, making it an enticing proposition. Since many excellent credit cards feature 0% introductory APR, personal loans aren’t always the best option.

Can an IRS Installment Agreement Hurt Your Credit Score?

Personal loans and credit cards may harm your credit score when used to pay taxes, but what about an IRS installment program?

The IRS offers several installment repayment programs for taxpayers who owe money on their income tax or other tax returns. These IRS-backed programs provide 120-day (or longer) repayment plans that are negotiable based on how much a person owes.

IRS installment plans offer two significant benefits to those who owe a sizeable tax bill: low-interest rates and no credit score impact.

Interest rates with IRS installment plans are typically around 3% APR, much lower than many personal loans or credit card interest rates. However, keep in mind that longer, negotiated plans come with setup fees, and late penalties apply to short-term repayment plans. These late penalties are 0.25% of the entire balance every month until the tax bill is fully settled.

Additionally, IRS installment plans are not considered personal loan. This status means that the loan will not have any impact on the credit score of an individual. For this reason, a government-backed installment plan may be your best bet for paying back taxes. Keep in mind that failure to repay the balance on an IRS installment may result in tax liens on your property and other negative impacts.

Conclusion

How you pay your taxes can have a direct impact on your credit score. Using credit cards and personal loans to finance back taxes can provide some breathing room and the ability to pay down taxes over time but comes with the potential danger of missed payments and high credit utilization.

IRS installment plans provide the safety of no direct credit impact but come with late fees and the potential for tax liens on your property for failure to repay what you owe.

Ultimately, paying taxes won’t have any negative impact on your credit score for most Americans. Just be careful to ensure you pay what you owe, abide by the terms of any loan agreements (including cardmember agreements), and you should be safe this tax season.

Related Article: Does Bilt Make Paying Rent Easier?

Featured photo by stevepb / PixaBay

Apple Pay Later Soft Launches

by Cory Santos
How to use Apple Pay Later

Last updated on September 6th, 2023

Buy Now, Pay Later services enjoyed huge growth during the pandemic. With nearly every major lender getting in on the action, it’s no surprise that Apple has just soft-launched its own service. Here’s everything you need to know about it, and how to use it:

Apple Launches Pay Later Service to Select Users

Apple is now offering its long-rumored Buy Now, Pay Later (BNPL) service, Apple Pay Later, to random iPhone and iPad users as a pre-release test. It makes Apple the latest in a long line of lenders looking to profit from one of the fastest-growing ways to finance purchases.

Apple Pay is offered by Apple Financing and is enabled through the Mastercard Installments program. Because of this, merchants that accept Apple Pay do not need to do anything to implement the new service for their customers.

How to Use Apple Pay Later

The  service is built directly into Apple Wallet. Users can easily view their total balance due and all upcoming payments on a calendar view. Even better, users receive notifications on their phones when a payment is due. This integration allows users to seamlessly view, track, and manage all of their loans in one place, which can be handy in avoiding missing payments.

To use it, users apply for a loan through their Wallet. To apply, enter the amount you’ll want to borrow before a soft credit pull checks your eligibility. If approved, simply use Apple Pay and select “Pay Later” on checkout. Once Apple Pay Later is set up, there’s no need to repeat the process – apply for a loan directly at checkout.

What Information Do You Need to Apply?

So, what information do you need to apply for a BNPL loan through Apple’s new service? Here’s who is eligible:

  • 18 years of age or older
  • US citizenship or a lawful resident with a valid, physical US address that is not a PO Box
  • US state driver’s license or state-issued ID
  • iOS 16.4 or iPadOS 16.4 on your Apple device

“Make Informed and Responsible Borrowing Decisions”

“There’s no one-size-fits-all approach when it comes to how people manage their finances. Many people are looking for flexible payment options, which is why we’re excited to provide our users with Apple Pay Later,” said Jennifer Bailey, Apple VP of Apple Pay and Apple Wallet, in a statement. “Apple Pay Later was designed with our users’ financial health in mind, so it has no fees and no interest. It can be used and managed within Wallet, making it easier for consumers to make informed and responsible borrowing decisions.”

Related Article: Experts Warn of Buy Now, Pay Later (BNPL) Dangers

Featured image by Firmbee/PixaBay

Rocket Visa Signature Aimed At New Homeowners

by Cory Santos
Rocket Money launches new Visa Signature credit card, the Rocket Visa Signature Card from Deserve and Celtic Bank

Last updated on September 6th, 2023

Rocket Companies, a Detroit-based fintech company that specializes in tech-driven financial products and services, such as Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money, has launched a new rewards credit card aimed at first-time homebuyers and mortgage holders alike. The new Rocket Visa Signature Card is “the first credit card created to make homebuying easier and more accessible through everyday spending.”

How Does the Rocket Visa Signature Work?

The new Rocket Visa Signature Card has been positioned to attract first-time homebuyers – and more importantly, to bring those potential new homebuyers into the Rocket Money fold. The Rocket Mortgage customer satisfaction is excellent, with a 93% client retention rate over the 12 months ended December 31, 2022 – a rate unmatched among mortgage companies.

The card earns cash back (as reward points) on everyday purchases. The difference with this card and others, however, is how you redeem those reward points: towards a new mortgage or to offset an existing Rocket mortgage.  Cardholders redeem rewards at the following rates:

  • Get 5% cash back toward a new home
  • Earn 2% cash back toward your mortgage balance
  • Get 1.25% cash back as a statement credit

The card features a $95 annual fee, but Rocket waives the charge if you have a mortgage with Rocket. There are no foreign transaction fees and both balance transfers and cash advances are not allowed.

To power the Rocket Visa Signature Card, Rocket partnered with Deserve – a fintech company transforming credit cards into software that lives on mobile and in the cloud. Through Deserve, Rocket Companies can provide its cardholders with innovative rewards, fraud protection, 24/7 customer support, and a seamless mobile experience.

“Unlock the Dream of Homeownership”

“Every day, consumers tap their credit card to refill their gas tank, stock up on groceries or pay for any number of other purchases. Now, those transactions can unlock the dream of homeownership for millions of consumers across the country,” said Haroon Mokhtarzada, co-founder and CEO of Rocket Money, in a press release. “We are proud to offer Americans simple and achievable ways to invest in their financial freedom, whether it’s budgeting with Rocket Money, or redeeming credit card points toward their mortgage down payment or principal with the Rocket Visa Signature Card.”

Related Article: Bilt Mastercard Now Earns 5X on Lyft

Featured image by BestCards

Advertiser Disclosure

BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.