Top 3 Credit Cards to Save you The Most Money
Whichever credit card you select, it is going to be specific to your needs. If you’re a student looking to pay your loans or a person who takes international trips and likes to splurge, both of you will have largely different needs when selecting a credit card.
However, if you are looking for credit cards to save you the most money possible, we have mentioned a few below that target a wider audience. But before you look at those a few key factors to keep in mind when selecting a credit card are
- A prolonged period of 0% APR.
- A good rewards system like cashback options
- No or minimal annual fee
1. Aqua Advance Credit Card
It would be wise to think that this card ticks the most boxes out of any needs you might have for credit cards to maximize money saving. Aqua advance card gives you the option to reduce your APR even if you are only able to make minimum repayments on time.
Your APR is likely to reduce 5% each year to as low as 19%. It is unique in the way that it lets people with less than ideal credit scores make minimum payments to be able to reduce their APR.
There are no additional overseas charges when you use it for your international purchases during a holiday. To keep track of their credit or make it manageable, the company also provides a free premium service to have access to your credit report, how to improve it, and vouchers that help with money-saving.
2. Blue Cash Preferred Card From American Express
This card is quite popular in a lot of circles for being a great competitor for the best cash-back cards.
The card has no spending limit, and it provides 6% cashback on all supermarket buys up to a $6,000 yearly limit of spending. It also includes 3% cashback at U.S gas stations and transit operators, which include companies like Uber and Lyft.
You have 0% APR on purchases and balances for 12 months. This gives you a year to spend without the fear of interest rates. The regular APR is also 12.99% to 23.00%, which is less than what some companies offer. They do, however, have a foreign transaction fee of 2.7%.
3. Virgin Money Travel Credit Card
This card offers no fee for international transactions, which is understandable for a company that promotes overseas travel. They also have 0% APR for around 12 months, giving you a whole year of worry-free purchasing, balance transfers, and saving up the extra money that would have gone in the APR.
The company is well known for its overall travel-centric promotions. Thus, cardholders for Virgin are always the first to benefit from travel offers. It has a cashback offer going at the moment on its annual multi-trip travel insurance policy for cardholders. You can find out more here.
It is quite hard to find credit cards that offer a good deal of cashback for purchases. But with a bit of research, you can find some that offer an overall good deal keeping in mind low APR, benefits, and annual fees. So, while cashback can be one way to maximize the savings, it is also important to see how other features of the card factor in.