Finance

LISTED: The Best Credit Cards of the Year

From offering huge sign-up bonuses to generous rewards, some credit cards outshine the rest. If you’re looking to get a new credit card, here are a few options you’ve got to consider.

Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card costs $95 and has a rewards rate that varies between 1x and 5x points, based on the category. New cardholders receive 60,000 bonus points, provided they spend a minimum of $4,000 during the first 3 months from the date of opening their account. You need to have a credit score between 690 and 850 to qualify for this card.

Wells Fargo Active Cash Card

This is an excellent credit card for people looking to earn cash back and incentives. The best part is that the annual fee for this card is only $0. What’s more, it offers a cashback of up to 2% and $200 worth of cash rewards bonus if you spend at least $1,000 in the first 3 months of receiving the card. You need to have a credit score between 690 and 850 to qualify for this credit card.

Blue Cash Preferred Card from American Express

One of the best rewards cards in the market right now, the Blue Cash Preferred Card from American Express offers you a cashback between 1% and 6%, based on the category of your purchase. This card has an annual fee of $0 in the first year and $95 from the second year onward. You can earn a statement credit of $300 if you spend at least $3,000 in purchases on your new card within the first 6 months. You need to have a credit score between 690 and 850 to qualify for this card.

Chase Freedom Unlimited

If you’ve been in search of a credit card that offers a good cashback rate without an annual fee, this is the card for you. Although there is no annual fee for this card, you’ll receive a cashback that varies between 1.5%-5% on your purchases, depending on the category. You’ll receive a bonus of $200 if you spend at least $500 on purchases during the first 3 months of account opening.