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Wednesday, May 13, 2009

Where To Find The Best Credit Cards

Finding the best credit cards can be confusing, but here is what we found on CNNMoney recently. Picks that offer great perks to suit your spending habits.

1. Balance Transfers
The Card: iberiaBank Visa Classic
Website: creditcardsiberiabank.com
Rate: 6.25%-8.25%
This card offers zero interest on balance transfers for six months- and there is no balance transfer fee.

2. A little cash back
The Card: Schwab Bank Invest First Visa
Website: Schwab.com
Rate: 13.99%
Earn 2% unlimited cash back on every single purchase you make. You must have a Schwab One brokerage account, but there are no fees to open or maintain it.

3. A lot of cash back
The Card: Blue Cash from American Express
Website: americanexpress.com
Rate: starts at 7.99% plus prime
Charge at least $6,500 a year, and your cash-back percentage zooms from 1% to 5% on purchases at gas stations, supermarkets, and drugstores, and from 0.5% to 1.5% on everything else.

4. Cash at the pump
The Card: Pentagon Federal Visa Platinum
Website: penfed.org
Rate: 13.99%
Get 5% unlimited cash back at the pump, plus 2% on supermarket purchases and 1.25% on everything else. You must join a credit union to get the card.

5. Travel Miles
The Card: Escape by Discover
Website: discovercard.com
Rate:10.99% to 18.99%
Earn two miles for every dollar spent, plus 1,000 bonus miles each month you make a purchase for the first 12 months. Drawback: a $60 annual fee.

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