What are the top credit cards for 2017?

Top Credit Cards for 2017: Expert Recommendations

Credit cards are among the most important financial tools that consumers have at their disposal. They can help individuals build credit, manage expenses, earn rewards, and even save money. However, with so many credit cards available on the market, it can be difficult to determine which ones are the best options. In this article, we will explore the top credit cards for 2017 and provide expert recommendations on how to choose the right one for your needs.

1. Cash Back Credit Cards

Cash back credit cards are popular among consumers who want to earn rewards for their purchases. These cards offer a percentage of cash back on purchases made with the card, which can add up over time. Some of the top cash back credit cards for 2017 include the Chase Freedom Unlimited, the Citi Double Cash Card, and the Discover it Cashback Match.

2. Travel Rewards Credit Cards

For frequent travelers,travel rewardscredit cards can be an excellent choice. These cards offer points or miles for travel purchases, which can be redeemed for flights, hotels, and other travel-related expenses. Some of the top travel rewards credit cards for 2017 include the Chase Sapphire Preferred, the Capital One Venture Rewards, and the Barclaycard Arrival Plus World Elite Mastercard.

3. Balance Transfer Credit Cards

If you have high-interest credit card debt, a balance transfer credit card can help you save money on interest charges. These cards offer a low or 0% interest rate on transferred balances for a certain period of time, allowing you to pay off your debt faster. Some of the top balance transfer credit cards for 2017 include the Chase Slate, the Discover it Balance Transfer, and the Citi Simplicity.

4. Secured Credit Cards

Consumers with poor credit or no credit history may find it difficult to qualify for traditional credit cards. Secured credit cards are designed to help these individuals build credit by requiring a security deposit that serves as collateral. Some of the topsecured credit cardsfor 2017 include the Capital One Secured Mastercard, the Discover it Secured, and the Citi Secured Mastercard.

Tips for Choosing the Right Credit Card

When choosing a credit card, it is important to consider your spending habits, credit score, and financial goals. Here are some expert tips for finding the right credit card:

- Consider the rewards or benefits that are most valuable to you, such as cash back, travel rewards, or balance transfer offers.

- Check your credit score before applying for a credit card. Some cards require good or excellent credit, while others are designed for consumers with lower credit scores.

- Compare the fees and interest rates of different credit cards to find the most cost-effective option.

- Read the fine print carefully to understand the terms and conditions of the credit card, including any fees, rewards restrictions, or introductory offers.

- Use your credit card responsibly by making on-time payments, keeping your balances low, and avoiding unnecessary purchases.

Saving Money with Credit Cards

One of the benefits of using credit cards is the potential to save money on purchases. Here are some tips for maximizing your credit card savings:

- Look for cards with cash back or rewards programs that suit your spending habits.

- Take advantage of sign-up bonuses and introductory offers, but make sure you can meet the requirements before applying.

- Use your credit card to take advantage of discounts, such as those offered by retailers or travel providers.

- Pay off your balances in full each month to avoid interest charges and fees.

Avoiding Credit Card Risks

While credit cards can be a useful financial tool, they also come with risks. Here are some tips for avoiding credit card risks:

- Only apply for credit cards that you need and can afford.

- Avoid carrying a balance on your credit card, as this can lead to high interest charges and debt.

- Protect your credit card information by using secure websites and avoiding public Wi-Fi networks.

- Monitor your credit card statements regularly for unauthorized charges or errors.

Credit Card Company Recommendations

When choosing a credit card, it is important to consider the reputation and customer service of the credit card company. Here are some of the top credit card companies for 2017, according to experts:

- American Express

- Chase

- Citibank

- Discover

- Capital One

Conclusion

Credit cards can be powerful financial tools, but it is important to choose the right one for your needs. By considering your spending habits, credit score, and financial goals, you can find a credit card that offers the rewards, benefits, and savings that you need. Remember to use your credit card responsibly and monitor your statements regularly to avoid risks and maximize your benefits.