We are a country overflowing with credit cards. According to the American Bankers Association, at the end of 2020, there were 365 million open credit card accounts in the country. In 2018, there were 1.12 billion credit cards in 2018, and the number is expected to grow to 1.25 billion by 2023.. Of all these credit cards, only a dozen lenders reign supreme. This number includes Visa, Mastercard, Capital One, Chase, and Citibank, to name a few.
Between all of these banks – and in addition to them – consumers can find credit card treasures that aren’t as well-known as, say, the popular Chase Sapphire Rewards Card or the Platinum Rewards Card from American Express.; and just because they’re not so famous doesn’t mean they’re not worth owning. Indeed, some lesser-known credit cards can provide cardholders with tons of benefits that can be useful for a variety of spending needs.
Here’s a look at 7 of the best credit cards you might not have heard of, based on opinions from finance and budgeting professionals.
The American bank’s Visa Platinum card
Dave Herman, President of EZ Surety Bonds, greets the American Bank Visa Platinum Card as perfect for consumers new to credit cards.
“You will receive a 0% APR up front, lasting almost two years,” said Herman. “After that, your APR goes from 14.49% to 24.49%; However, within that time frame, you can really boost your credit score and claim the lowest APRs.
There is no annual fee to use the US Bank Visa Platinum Card.
Visa Petal 2 credit card
” TheVisa Petal 2 credit card is objectively one of the best cards for building positive credit, ”said Giovanni Braghieri, CEO and co-founder of MyConsultingCoach.
“It’s one of the few credit cards that don’t have an annual fee (or other fee) attached but are nonetheless available to people with an average credit score,” Braghieri said. “If you want to start building better credit, Petal 2 is the way to go. It rewards responsible financial behavior by offering a 1% cashback on all purchases. If you have no late payments within the year, this cashback bonus increases to 1.5%.
The variable APRs for the Petal 2 Visa credit card vary between 12.99% and 26.99%.
US Bank Cash + Visa Signature Card
“A Card which a lot of people haven’t heard of which is fine is the US Bank Cash + Visa Signature Card“Said Darren Nix, founder of Stable owner insurance. “There are great rewards for these cards, including 5% on two selected categories, but not limited to: clothing stores, gyms, furniture and even utilities that can change quarterly to accommodate spending needs of a client. In addition, the card offers 2% on gas, food and restaurants. In addition, there is no annual fee and a moderate variable APR of 13.99% to 23.99%.
Cardholders can earn a $ 200 rewards bonus after spending $ 1,000 on qualifying purchases within the first 120 days of opening an account and there is no annual fee with this card.
Visa Titanium Signature Credit Card
“The most underrated credit card is the Visa Titanium Signature credit card,” said Jim Pendergast, Senior Vice President of altLINE. “This card offers one of the lowest APRs on the market. This card is exclusive, however – usually only offered to members of the Andrews Federal Credit Union. You can get it for free if you join the American Consumer Counsel.
APR starts at 9.49% – quite low given that the national average APR is 12.82%, and there is no annual fee attached to it. Visa Titanium Signature Credit Card.
Discover the Student Cash Back Card
“The most underrated credit card is the Discover it Student Cash Back,” said Cliff Auerswald, President of All reverse mortgages. “Building credit is difficult when you don’t have it, but this card makes it easy for you to build credit while you’re in college. You will also get 2% on quarterly purchases of $ 1,000 or more and 1% cashback on other purchases.
More particularly, with the Discover the Student Cash Back Card, students are encouraged to succeed in school. The Good Grade Reward, available to new cardholders who note on their application that they are currently enrolled in college, can earn $ 20 credit if they have a GPA of 3.0 or higher for all five. coming years. APR starts at 0% for the first six months, and there is no annual fee attached to this card.
The Brex card
“Lately I’ve been a fan of the Brex card“said Chris Motola, financial and credit card analyst at MarchandMaverick.com. “Startups often find themselves in a tight spot when it comes to credit, so it’s nice to see a card that specifically meets their needs. “
Motola explained that there are quite a few advantages with Brex.
“You get 8x points on carpooling and taxis, 5x on trips, 4x in restaurants, 3x on recurring software bills, 3x on Apple products. And you’ll get lots of discounts on technology-related services, ”Motola said. “During COVID, the company even added additional perks: 8x on collaboration and 4x on food delivery. After signing up you will get 50,000 points after spending your first $ 1,000. no more credit check in the application process, and there is no annual fee.
The Brex card is only available for C-corps, S-corps, and LLC / LLP, which is the only major downside to this card.
The Disney Premier Visa card
“After registering at The Chase Disney Premier Visa Card, you can get a $ 300 cash bonus when you spend $ 1,000 in the first 3 months after opening the account, ”the budgeting expert said. Andrea Woroch. Plus, you can use your new card to pay for a selected Disney vacation package and you won’t have to worry about paying for it right away or getting slapped with interest since cardholders benefit from a Promotional APR of 0% for 6 months from the date of travel purchase.
“Other advantages include 2% Disney Rewards dollar rewards on card purchases at gas stations, grocery stores, restaurants and most Disney stores, then 1% on all other transactions, ”Woroch added.
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Last updated: October 26, 2021
This article originally appeared on GOBankingRates.com: Disney Premier and 6 other unexpected credit cards that are surprisingly awesome