Multiple Credit Cards – Advantages and Disadvantages – EXPLAINED!| Ankur Warikoo Hindi
What Are 3 Good Credit Cards?
In today’s world, credit cards are a necessary part of life. Credit cards can help you build credit, earn rewards, and even save money. With so many options available, it can be hard to decide which credit card is best for you. Here are three of the best credit cards to consider.
1. Chase Sapphire Preferred
The Chase Sapphire Preferred is a great option for those who are looking for a card with lots of rewards. With this card, you can earn two points for every dollar you spend on travel and dining, and one point for every dollar you spend on all other purchases. You can also get 25% more value when you redeem your points for travel through Chase Ultimate Rewards.
The Chase Sapphire Preferred also offers a low annual fee of $95, which is waived for the first year. There is no foreign transaction fee. While there is no introductory APR, you can get an APR as low as 15.99%, after which the variable APR is 17.99%-24.99%.
2. Bank of America Cash Rewards
The Bank of America Cash Rewards card is a great option for those who want to earn rewards with every purchase. With this card, you can earn 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases.
The Bank of America Cash Rewards card also offers a low annual fee of $0 and no foreign transaction fee. There is no introductory APR, but you can get an APR as low as 14.99%, after which the variable APR is 17.99%-25.99%.
3. Citi Double Cash Card
The Citi Double Cash Card is a great choice for those who want to earn rewards without having to worry about rotating categories. With this card, you can earn 1% cash back when you make a purchase, and an additional 1% cash back when you pay for that purchase.
The Citi Double Cash Card also offers a low annual fee of $0 and no foreign transaction fee. There is no introductory APR, but you can get an APR as low as 13.99%, after which the variable APR is 17.99%-26.99%.
These are three of the best credit cards to consider. Each card offers different rewards and features, so it’s important to do your research before deciding which card is best for you.
Key Points:
• Chase Sapphire Preferred offers 2 points per dollar spent on travel and dining, 1 point per dollar spent on all other purchases, 25% more value when redeeming points for travel through Chase Ultimate Rewards, and a low annual fee of $95.
• Bank of America Cash Rewards offers 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases, with a low annual fee of $0.
• Citi Double Cash Card offers 1% cash back when you make a purchase and an additional 1% cash back when you pay for that purchase, with a low annual fee of $0.
People Also Ask
Q: What is the best credit card for travel?
A: The Chase Sapphire Preferred is a great option for those who are looking for a card with lots of rewards for travel. With this card, you can earn two points for every dollar you spend on travel and dining, and one point for every dollar you spend on all other purchases.
Q: What is the best credit card for cash back?
A: The Bank of America Cash Rewards card is a great option for those who want to earn rewards with every purchase. With this card, you can earn 3% cash back in the category of your choice, 2% cash back at grocery stores and wholesale clubs, and 1% cash back on all other purchases.
Q: What is the best credit card with no annual fee?
A: The Citi Double Cash Card is a great choice for those who want to earn rewards without having to worry about rotating categories. With this card, you can earn 1% cash back when you make a purchase, and an additional 1% cash back when you pay for that purchase, with a low annual fee of $0.
What are 3 good credit cards? – Highest Rated?
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Should you have multiple credit cards or just one?
How does it affect your credit score?
How to make the best use of your credit card?
We will discuss all the basics of having multiple credit cards, and to make sure you do not end up spending more than you should on them, in this video.
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I am Ankur Warikoo – an entrepreneur, teacher, content creator and mentor. I founded nearbuy.com, and was its CEO from 2015 to 2019. Prior to that, I was the founding CEO of Groupon India’s business. Nowadays I spend my time creating content (for a community of ~8 million followers), teaching online (to a community of 250,000+ students), and mentoring first-time founders.