The 13 best credit cards for October 2021

While there are many different types of credit cards, they all fall into certain categories based on their features and rewards programs. Here are the different types of credit cards and the best credit cards and credit card deals right now in each category.

Travel credit cards

With travel cards, you can redeem your points or miles for free or discounted travel. There are also many travel credit cards that offer additional travel benefits, such as free access to airport lounges, hotel upgrades, and travel insurance. An airline credit card, a resort credit card, and a general travel credit card would all fall into this category.

  • Chase Sapphire Preferred® Card: 3 points per $ 1 of meal, 2 points per $ 1 of travel

Compare other choices: Check out the best travel rewards credit cards from The Ascent

Rewards credit cards

This category includes all credit cards that earn shopping rewards. With so many cards to choose from, you’ll find a diverse mix of rewards credit cards that earn cash back, travel points, and in-store rewards.

Compare other choices: Check out the best rewards credit cards from The Ascent

Credit cards with cash back

With this type of rewards card, you earn rewards which can be redeemed for cash or a credit on your statement. Depending on the card, you may be able to use your cash back as a credit on your credit card balance statement, bank account deposit, or check. You’ll find cards that earn the same flat rate on purchases as well as cards that earn extra in bonus categories among the top cash back cards.

  • Discover it® Cash Back: 5% cashback in rotating quarterly bonus categories that you activate up to a quarterly spending limit of $ 1,500, 1% cashback on everything else
  • American Express Blue Cash Preferred® Card: 6% cash back at U.S. supermarkets up to an annual spending cap of $ 6,000, 3% cash back at U.S. gas stations and transit, 1% back on everything else . Conditions apply.
  • Chase Freedom Unlimited®: 1.5% unlimited cash back
  • Chase Freedom Flex℠: Up to 5% discount in rotating categories that you activate each quarter (spending limit of $ 1,500 per quarter)
  • Citi Custom Cash℠ Card: Up to 5% cash back in your highest spending category each billing cycle (spending limit of $ 500 per month).
  • Wells Fargo Active Cash Card: Unlimited, Hassle Free 2% Cash Back.
  • Capital One SavourOne Cash Rewards credit card: 3% cash back on meals and entertainment.

Compare other choices: Discover the best cash back credit cards from The Ascent

Balance Transfer Credit Cards

This type of card offers a lower introductory APR on balance transfers. Most of the best balance transfer cards have a 0% introductory APR on balance transfers and the introductory periods can last for over a year. If you want to refinance credit card debt and save money on interest, a balance transfer card is ideal.

  • American bank Visa® Platinum card: 20 introductory APR billing cycle of 0% on balance transfers and purchases.
  • Discover it® Balance Transfer: Introductory 0% APR for 18 months on balance transfers. The reference variable rate applies after the expiration of the introductory APR of 0%.
  • Citi Simplicité® card: 0% introductory APR for purchases and balance transfers, plus no late payment penalty APR or late payment fees.

Compare other choices: Check Out The Best Balance Transfer Credit Cards From The Ascent

High limit credit cards

Some credit cards tend to have higher credit limits than most. These high limit credit cards allow you to spend more and can also help protect your credit by making it easier to keep your credit usage low. You usually need excellent credit to qualify.

Compare other choices: Check out the best high limit credit cards from The Ascent

0% introduction of APR credit cards

Cards in this category have an introductory APR of 0% that applies to purchases. It’s a good choice if you have to buy something expensive, but can’t afford to pay in full up front. The most popular introductory 0% APR credit cards also often have these introductory offers for a year or more.

Compare other choices: Check Out The Best Introductory 0% APR Credit Cards From The Ascent

Mortgage credit cards

You have to pay a security deposit to open a secured credit card, which is typically used for rebuilding or building credit. The security deposit is often (but not always) equal to your starting credit limit. High quality secured credit cards can usually evolve into unsecured cards, which means you get your deposit back if you make enough payments on time.

Discover it® Secure Credit Card: A lucrative and Discover rewards program matches all cash back rewards earned in the first year.

Compare other choices: Check out the best secure credit cards from The Ascent

Looking to rebuild your credit? : Check Out The Ascent’s Best Credit Cards For Bad Credit

Student credit cards

If you’re in college, you can start building your credit with a student credit card. Even though these cards are meant for students, there are some great benefits to be found with the best student credit cards. Some cards include free credit score tracking and a refund for good grades.

Compare other choices: Check out the best student credit cards from The Ascent

Store credit cards

Many chain stores, from Macy’s to Target to Lowe’s, offer their own credit cards. Sometimes these credit cards are accepted everywhere, but often they are only used in stores. Store credit cards usually come with exclusive discounts and rewards that can only be used at that store. Be sure to read the fine print on all introductory 0% store credit card APR offers as they can involve deferred interest, which is tricky and can lead to unexpected large interest charges.

Compare other choices: Explore The Ascent Store Credit Cards

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