Scotiabank Gold American Express Card
- 19.99% on purchases. 22.99% on cash advances.
- Rewards Rate1x-5x Points5x on food, groceries and entertainment, 3x on gas, daily transit and streaming services, and 1x on everything else.
- Intro Offer45,000 PointsTo qualify for the 45,000 bonus Scene+ points offer: 1. Earn 25,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months from account opening. 2. Plus, for a limited time, you are eligible to earn a 20,000 Scene+ point bonus when you spend at least $7,500 in everyday eligible purchases in your first year. Open a new Scotiabank Gold American Express credit card account by July 4, 2022 to qualify.
- Our TakeWhy we like itNot only does the Scotiabank Gold American Express card reward you with impressive rates in six popular spending categories, but it also comes with a 0% intro period for balance transfers and no foreign exchange fees.Pros
- No foreign exchange fee on any foreign currency purchases while travelling abroad or shopping online you just have to pay the exchange rate.
- The 0% introductory interest rate on balance transfers lasts for a full six months.
- The bonus rewards rates drop down to the 1x flat rate after a $50,000 annual spend. This sounds like a lot, but much of your daily spending is probably included in the six bonus categories, so you might hit the limit faster than youd think.
- Your points will expire if you dont use them within 12 months of the purchase date.
How To Choose A Credit Card
With so many credit cards available, narrowing down your choices can be a challenge. When choosing a credit card, there are numerous factors to consider chief among them: card requirements.
Different cards carry different credit score and income requirements. To ensure you meet the eligibility criteria, learn how to check your credit score. And be mindful of personal or household income requirements, too youll often encounter these criteria with high-tier luxury cards.
What Us Bank Credit Cards Are Best For Maximizing Rewards
The Rewards Center Earn Mall is an online, one-stop shopping experience where customers can receive rewards when they purchase products from over 1,000 online stores.
You can access the site by logging into your eligible credit card account with your username and password and navigate to the Rewards Center Earn Mall through the Rewards Center. When you click any online store’s listing, you’ll be directed to the store website, where you can complete your purchase.
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Why We Like This Card
With its generous rewards rate on bonus categories along with a unique cash back match, the Discover it® Cash Back card offers a ton of value for members. Anyone considering a balance transfer will certainly appreciate the 0% APR introductory offer, valid for the first 14-months from account membership .
Best Credit Cards For Fair & Average Credit Of 2022
No annual fee credit cards are great for light-spenders, and there are plenty of options to choose from, including credit cards with no annual fee and rewards or 0% intro APRs. No annual fee credit card offers are also available to people of all credit levels from bad credit to excellent credit . Below, you can compare WalletHubs favorite $0 annual fee credit card offers, which were selected from 1,500+ cards because they stand out in popular categories, from the most rewarding to the easiest to get.
The fact that so many credit cards with no annual fee are available helps to explain why the average annual fee among all credit cards is just $18, despite many cards charging $100+ per year. Even more importantly, the best $0 annual fee credit cards are capable of saving the average credit card user hundreds of dollars per year.
In addition to $0 annual fees, the best no annual fee credit cards for 2022 have stand-out rewards, low APR promotions and more. In other words, there are many reasons to get a credit card with no annual fee. Paying an annual fee just might not be worth it if you dont plan to use your card often or cant qualify for good enough rewards. Similarly, if youre trying to avoid interest on a balance, you probably dont want to waste money on fees.
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Cash Back Runner Up: Capital One Savorone Cash Rewards Credit Card
Earn $200 cash bonus once you spend $500 on purchases within the first 3 months from account opening.
|Rewards Earning Rate||Earn 3% cash back on dining, entertainment, popular streaming services and at grocery stores, plus 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through January 2023.|
|INTRO PURCHASE APR||0% for 15 Months|
|Balance Transfer 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.|
|Foreign transaction fee|
- Pros & Cons
The Capital One SavorOne Cash Rewards Credit Card earns an unlimited 3% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases. You can redeem your cash back rewards for any amount, and the rewards don’t expire for the life of your account.
When you open your card, you’ll receive a one-time $200 cash bonus after spending $500 within the first three months. New cardholders can also take advantage of the 0% intro APR promotion on purchases for the first 15 months. The card has no annual fee, and it does not charge foreign transaction fees.
Generous cash rewards for dining, entertainment and groceries
Doesn’t impose some frequent fees
Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.
- Pros & Cons
Citi Custom Cash Card: Best For Intro Apr And Balance Transfers
Why its the best credit card for intro APR and balance transfers: Youll enjoy 0% intro APR for 15 months on balance transfers and purchases. After, the variable APR will be 13.99% 23.99%, based on your creditworthiness.
Pros: As the name suggests, this card is meant to be customized to fit your lifestyle. It earns 5% cash back on up to $500 in purchases each billing cycle on your top spending category . The 10 eligible categories include things like grocery stores, restaurants, gas stations, gym memberships and home improvement stores. If you maximize the cash-back earnings each billing cycle, you could earn up to $300 in cash-back rewards each year. This is a pretty great offering for those who want to maximize their everyday purchases but have a hard time fitting their budget into other cards bonus categories.
Cons: The lucrative 5% earning rate is limited to up to $500 per billing cycle, so this might not be the best option for high spenders.
Official application link: Citi Custom Cash
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What To Know About Getting A Credit Card In The Us
You don’t have to be a US citizen to get a credit card. However, you do need to meet the minimum financial requirements, which will differ based on which card you apply for. Many credit card applications are straightforward, and typically take approximately 3-4 weeks to get approved.
It can be challenging to get a credit card as an expat because you have no credit history in the US. But the good news is some card issuers like American Expressallow expats from selected countries to use their international credit history.
Its worth mentioning that credit cards with lenient application requirements usually have higher interest rates and fees. However, they can help you build your credit history, which will allow you to switch to a different card later on.
Also Consider: Scotiabank Gold American Express*
The Scotiabank Gold American Express has been a longtime favourite for Canadians, especially those who travel. The first thing youll notice about this card is the Scotia Rewards earn rate is a very healthy 5 points per $1 on groceries, dining and entertainment. Gas gets 3 points per $1, as do spends in two other categories: Public transit and eligible streaming services. All other purchases earn you 1 point per $1 spent. This card also doesnt charge a foreign transaction feeits one of the very few Canadian cards to offer this perk. Consider it a 2.5% bonus on all foreign currency transactions, including online purchases.
- Annual fee: $120
- Welcome offer: You can earn up to 40,000 Scene and travel points by spending $1,000 in everyday purchases in the first 3 months. You can also earn an additional 20,000 points when you spend $7,500 in everyday purchases in your first year. Apply by January 1 2022.
- Earn rate: 5 points per $1 spent on groceries, dining and entertainment 3 points per $1 on gas, public transit and eligible streaming services and 1 point per $1 on all other purchases
- Income requirement: $12,000
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Do All Credit Cards Have Annual Fees
No, all credit cards don’t have annual fees, so if you don’t want to pay an annual fee, you can definitely find a .
That said, don’t write off a credit card with an annual fee. There’s generally a very good reason for an annual fee, and, in fact, many cardholders actually seek out credit cards with annual fees, crazy as that may sound to somebody who doesn’t think a lot about credit cards. An annual fee is often a sign that you’ve found a credit card with a lot of perks, rewards and amenities.
It’s, of course, wonderful when you can find a really good credit card that has a robust rewards program and no annual fee, but a credit card with an annual fee is usually a signal that you’re dealing with an excellent credit card that you should pay some attention to. Even better, many times, those annual fees are waived for the first year, bringing you even more savings.
In other words, the best credit cards often have annual fees. A good rule of thumb – the more you pay for an annual fee, the more you can potentially save and receive in rewards and perks. It really all comes down to a person’s spending habits and expectations. If you get a credit card with a high annual fee, but you rarely use the credit card, and you don’t take advantage of the rewards, then obviously it’s not a good credit card – for you. For somebody else, it may be a fantastic credit card.
What Is The Best Credit Card Overall
While we believe that the Chase Sapphire Reserve® is the best credit card overall, know that there is no single “best” credit card for everyone. There are, however, top credit cards that are better or worse for you depending on your unique situation, preference and goals. Use the tips in this guide to help you find and choose the card that suits you best.
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Best Business Credit Card For Cell Phone Insurance
Why We Like It:
The Bonus: Enjoy 100,000 bonus points, worth $1,250 when redeemed for travel through Chase Ultimate Rewards®, when you spend at least $5,000 in the first three months after the card is issued.
The Rewards: Earn three points per dollar on the first $150,000 spent on travel and select business categories each account anniversary year, and one point per dollar on all other purchases.
The Annual Fee:$95
How do you Offset the Annual Fee? The whopping welcome bonus of 100,000 points, with a value of $1,250 when redeemed for travel through the Chase Ultimate Rewards® program, certainly offsets the annual fee for several years, and then some. Beyond that, it would take just modest spending to cover the annual fee each year. For example, just $3,000 in spending on travel, shipping or social media/search engine advertising would net a redemption value of $112 when redeemed for travel through Chase Ultimate Rewards®. This doesn’t even take into consideration money that can be saved by the waiving of foreign transaction fees, auto rental collision insurance, cell phone insurance, etc.
|Likelihood of Continuing to Use||7.2|
*Scores above reflect the results of surveys with actual cardholders. Full methodology below.
What Credit Card Is Best For Me
Finding the best credit card entails both self-assessment and research. You must document your creditworthiness and spending habits, along with reflecting on how you may use the card, whether that’s to build credit, temporarily borrow, or simply employ it as a purchasing convenience and a way to earn rewards.
New to Credit: If you are new to credit or have impaired credit, a secured credit card can be a great option. This type of card requires a security deposit but has the advantage that activity with the card is reported to all three credit bureaus, which helps the cardholder build credit over time. Many secured cards offer an option to graduate to a non-secured card after a period of on-time payments.
Carrying a Balance: Those who are carrying a card balance should consider shifting the debt to a balance transfer card with much lower interest, or even no interest rate at all for a period. These cards provide relief in the form of an extended period of a 0% APR on the transfer, which allows you to pay down the balance more easily. While some balance transfer cards offer rewards as well, its best not to add to your balance on the card until you have paid off the amount youve transferred.
If you frequently carry a credit card balance, avoid cards with high fees and interest regardless of attractive rewards and one-time bonuses. Your priority should be paying down your debt and avoiding accumulating more, not trying to earn rewards.
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Citi Custom Cash Card: Best For Automatically Maximizing Rewards
Why we picked it: This card from Citi makes maximizing rewards a bit easier: Cardholders earn 5% cash back on purchases in their top eligible spend category each billing cycle, up to the first $500 spent , along with 1% cash back on all other purchases. You dont have to worry about enrolling or guessing your top spending category earnings automatically adjust each billing cycle. Eligible categories include restaurants, gas stations, grocery stores, select travel, select transit, select streaming services, drugstores, home improvement stores, fitness clubs and live entertainment.
Pros: Theres no annual fee, but you can earn a sign-up bonus: $200 if you spend $750 in the first three months of account opening, paid out in ThankYou points, which can be redeemed for cash back. Youll also enjoy a lengthy 15-month 0% introductory APR on purchases and balance transfers .
Cons: The cap on cash back makes this a competitive, though not entirely best-in-class cash back card. The balance transfer fee is steep: 5% of the transferred balance or $5, whichever is greater.
Who should apply? This card is a good option for anyone looking for a well-rounded no annual fee rewards card, given it also includes a sign-up bonus and promotional APR on balance transfers and purchases. Would-be maximizers who dont want to think too long or hard about bonus categories might also appreciate the automatic earning adjustments.
The Simplicity Of Applein A Credit Card
With Apple Card, we completely reinvented the credit card. Your information lives on your iPhone, beautifully laid out and easy to understand. We eliminated fees1 and built tools to help you pay less interest, and you can apply in minutes to see if you are approved with no impact to your credit score.2 Advanced technologies like Face ID, Touch ID, and Apple Pay give you a new level of privacy and security. And with every purchase you get Daily Cash back. Apple Card. Its everything a credit card should be.
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Qualifying For Us Bank Sign
Like most credit card issuers, U.S. Bank wraps its sign-up bonus offers in plenty of fine print. Before you apply for any card with an advertised sign-up bonus, pore over that print and make sure youre eligible.
Generally speaking, you can only qualify for a given cards sign-up bonus one time. If you close your account and then reapply sometime down the road, any bonus offer in force at the time wont be available to you.
On the bright side, some U.S. Bank credit cards allow an extra month to complete qualifying activities for its sign-up bonus offers four months instead of three months . When the spend required to qualify for a bonus is a heavy lift, having an extra month to reach the threshold makes a difference.
Benefits Of Using Credit Cards
When credit cards are used responsibly and to their full potential, they provide convenience and value that you dont get with other payment methods, in ways that include:
- Access to a line of credit, which grants you some extra money to cover major expenses.
- Chip readers, online payment portals and digital wallets that make transactions easy and virtually instantaneous.
- Rewards programs that earn cash back, travel miles and multi-purpose rewards.
- Security features that reduce your vulnerability to fraudulent charges.
- Tools designed to help you build or repair your credit and manage your budget.
- Short-term financing in the form of a grace period or promotional APR offers.
- Ancillary benefits like travel insurance, car rental insurance, extended warranties or purchase protection, which are offered by many of the better cards on the market.
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