The credit card reviews are in and our team at Saveful has put together the list of the best credit cards for 2015. Our list will help you choose the best credit card for you, whether you’re most interested in low interest, rewards, cashback or travel points credit cards. *Note: We don’t make affiliate money from any credit card companies. These offers may change, so please read terms credit card terms before applying.
Best rewards cards:
- Chase Sapphire Preferred® Card
- Barclaycard Arrival Plus™ World Elite MasterCard®
- Capital One Quicksilver® Cash Rewards Credit Card
- American Express Blue Cash Preferred Card
- American Express Blue Cash Everyday Card
Best card for people who carry a balance:
Best for less-than-perfect credit:
Credit card review: You’ll receive 40,000 bonus points when you spend $3,000 in the first three months, plus an annual fee of $0 for the first year. When the introductory period is up, your fees rise to $95 per year, but you’ll still benefit from 5,000 more Ultimate Reward points when you add a new user to the card and they use it within three months.
Why this is a great offer: With the right approach, you can grab 45,000 Ultimate Reward points within three months of signing up for the card. As one of the best credit cards for travel, the Chase Sapphire Preferredâ Card allows you to convert those points to air miles with a 1:1 ratio. This gives you 45,000 air miles for the world-renowned One World group, which includes British Airways, United Airlines, and partner hotel chains like Marriott. Alternatively, you can convert those points to cash. Each point is worth 1 cent, which will leave you with $450.
Credit card review: There’s no annual fee for the first year, after this period is up you pay $89. If you spend $3,000 or more within the first 90 days of opening your account, you’ll receive 40,000 bonus miles. For every $1 you spend, you can earn 2.2 miles, making it one of the best credit cards for travel rewards available.
Why this is a great offer: If you’re a dedicated traveller, those 40,000 bonus miles give you a great head start on your annual air mile targets. You’ll attract 2 miles for every $1 spent on any purchase, but if you save this card for travel expenses only and claim them back, that rises to 2.2 miles. If you spend $4,000 within 90 days and add the miles you earn to the 40,000 introductory bonus, you’ll have enough for a round-trip flight to St Lucia. If you’re a frequent traveller, not only are you likely to rack up those points quite quickly, you’ll benefit from the lack of foreign transaction fees when using this card.
on Capital One’s
Credit card review: As one of the simplest cash back credit cards around, the Capital One Quicksilver Cash Rewards Credit Card offers a straight up 1.5% cash back reward on every purchase you make. You also receive a $100 bonus after spending $500 in the first 3 months and 0% APR on both purchases and balance transfers until May 2015.
Why this is a great offer: If you’re sold on the idea of a cash back credit card but don’t want to juggle tiered systems, this is the card for you. The 1.5% reward is solid and you’ll continue to benefit from no annual fee for as long as you use it. Even if you’re the kind of spender who only ever uses their credit card for small emergencies, the chances are you’ll rack up that $500 in the first three months to see that $100 introductory reward.
on American Express’s
Credit card review: Spend $1,000 in the first three months and you’ll receive a $150 statement credit. You can earn 6% cash back on your grocery purchases, with an annual limit of $6,000, and 2% cash back at gas stations and at select department stores in the US. The annual fee is $75 and is not waived for the first year.
Why this is a great offer: Everyone needs to buy groceries, so there isn’t a person out there who won’t feel the benefits of this credit card. The $6,000 limit on cash back rewards means it’s possibly the best credit card for families, as you’ll receive a $360 annual award for your spending efforts. That might not seem like much at first, but it can come in handy during the holiday season. Add in the 3% cash back you get when you fill up your tank and shop at select department stores and this card is a real winner!
on American Express’s
Credit card review: Spend $1,000 in the first three months and you’ll receive $100 in statement credit. You’ll earn 3% cash back on your grocery purchases, with an annual limit of $6,000. This version of the card has no annual fee.
Why this is a great offer: If you spend a lot less than $115 a week on groceries, this is probably the better version of the American Express Blue Cash cards for you. Rather than earning 6% on your grocery purchases, you’ll earn 3%. However, you’ll also benefit from no annual fees, you’ll get an easy $100 cash back when you spend $1,000 in the first 3 months, and you’ll also get 2% cash back at gas stations and at select department stores in the US in addition to 1% cash back on everything else.
Credit card review: There is 0% interest on all purchases and balance transfers made within the first 15 months and no balance transfer fee when you transfer balances in the first 60 days. There’s also no annual fee.
Why this is a great offer: Even though there are other credit cards out there that offer attractive reward points, the Chase Slate is a sensible option if you’re trying to juggle credit card debt. Transfer your existing balance within that introductory 60-day period and you’ll dodge the charges associated with your old card. If you clear those debts in the first 15 months, you can continue to spend guilt-free while enjoying the introductory 0% interest offer. This makes Chase Slate one of the best credit cards for debt management. One word of caution; a variable APR kicks in after 15 months. This can be 12.99%, 17.99%, or 22.99%, so make sure you take full advantage of the 0% APR period to free yourself of debt.
Credit card review: The 0% balance transfer fee period lasts for 18 months, plus there’s no charges on purchases made in the first 6 months. At the same time, you can earn 5% cash back on up to $1500 worth of transactions per quarter in rotating categories. No annual fee.
Why this is a great offer: Once again, this is one of the best balance transfer credit cards around. If you’re moving debt from one place to another, you’ve got 18 months to do it, which gives you plenty of time for managing your past spending habits. Few credit cards give you the chance to earn rewards while you’re clearing debts, which puts Discover It miles ahead of other cards. You earn 5% cash back on seasonal purchases, such as online shopping during the holiday period. If you want the chance to become debt-free while benefiting from the one-off purchases you’re going to make anyway, this is the best credit card for you. Approach this card strategically and you’ll pocket $300 a year. There’s also no annual fee, no late fee for your first late payment, no foreign transaction fees, and no overlimit fee.
Credit card review: Even if your credit score is a little less than perfect, you’ll benefit from no annual fee, 2% cash back rewards on your everyday spending, and 1% on everything else.
Why this is a great offer: When it comes to credit cards, lenders prefer to throw rewards at consumers with good and excellent credit ratings. It’s rare that anyone with an average score will see perks, let alone no annual fee. Using this card, you can earn 2% cash back per $1 spent on gas, groceries, and utilities. Elsewhere, you’ll earn 1%. If you’ve looked into boosting your credit rating, you’ll probably already know that managing a credit card consistently will push you up into that ‘good’ category. As one of the few credit cards for bad credit that’s edging more towards the good category, this one can help you become a more attractive prospect to lenders, while letting you earn rewards for your spending.
Credit card review: The annual $95 fee is waved for the first year, you earn 5 Ultimate Reward points per $1 spent on office supplies and cable and telecom services, with a generous limit of $50,000 per year. There’s an additional 2 Ultimate Reward points for every $1 spent on gas and hotels. Finally, you can boost those points with 1 for every $1 spent on everything else, plus a 25% boost when you book travel through Chase.
Why this is a great offer: Well, where do you start? The biggest benefit is that you’re going to earn cash back for every purchase you make. If you’re prepared to use a business credit card to pay for your everyday office supplies and telecom needs, you could potentially earn 250,000 reward points. Even business travel becomes rewarding, as you’ll rack up points every time you need to spend money on gas and hotels. Under Chase’s Ultimate Rewards program, you can convert points to statement credit, cash, or you can use them for merchandise purchases and travel. In terms of cold hard cash, the 250,000 points you can earn from office supplies and utilities alone equates to $2,500.
If you’re a keen business traveller looking to economize, this is one of the best credit cards available to you. If you’re an experienced frequent flyer, you can use the points to travel with United Airlines, British Airways, or another member of the One World travel group. You’re also eligible to spend the points on hotels, which means you may get a free trip or two, just for using a business credit card. To encourage you to do exactly that, Chase throws in 2 free Lounge Club passes and doesn’t charge any foreign transaction fees.
Credit card review: There’s no annual fee and you’ll receive a $25 bonus when you use your card in the first 90 days. Earn 5% cash back when you use it in bookstores, with a $750 limit, plus 5% cash back on gas with a $250 limit, and 5% cash back on groceries with a $250 limit.
Why this is a great offer: Everyone knows college is an expensive necessity for a lot of people, which means any student credit card with attractive deals is a great one. This one is particularly beneficial because it focuses on a student essential: books. Few students will hit that $750 limit, but the chance to do so is there. Theoretically, you can earn $62.50 per month just by spending as your average student does. At the end of your time at college, you can use the rewards from your student credit card to pay off your student loans. If you use it wisely, you’ll also establish a solid credit rating before you enter the world of work.