The end-of-year vacation season brings unique financial needs and opportunities. Whether you're planning a holiday shopping spree, booking winter travel or just want to optimize your everyday spending, choosing the right credit card can make a big difference. We've analyzed the market and compiled the best credit card offers for December 2023.
U.S. Bank Cash+® Secured Visa® Card - Best Credit Card for Poor Credit of December 2023
The US bank Cash+® Visa® Secured Credit Card earns 5% Cash Back on your first $2,000 in combined eligible purchases each quarter in two categories you choose, 5% Cash Back on prepaid air, hotel and car reservations (booked directly in the Rewards Travel Center), 2% Cash Back on eligible purchases in your choice of one everyday category (like gas stations and EV charging stations, grocery stores and restaurants) and 1% Cash Back on all other purchases.
The US bank Cash+® Visa® Secured Card doesn't charge an annual fee. The APR for purchases and balance transfers is 29.99% (Variable).
Key Cashback® from KeyBank - Best Credit Card for Fair Credit of December 2023
The Key Cashback® Credit Card earns 1.5% Cash Back on every purchase, and 2% Cash Back when you bank and save with Key.
The Key Cashback® Card has no annual fee.
The Card has a 0% introductory APR on balance transfers only for the first 12 billing cycles following account opening when balances are transferred within the first 60 days following account opening. After that, your APR will be 22.24% - 29.24% (based on creditworthiness).
Blue Cash Everyday® Card from American Express Best Credit Card for Good Credit of December 2023
The Blue Cash Everyday® from American Express® is a standout choice on numerous best rewards credit card rankings, and for good reason. This card offers competitive cash back rates without requiring an annual fee. Cardholders can enjoy a 3% cash back rate at U.S. supermarkets (up to $6,000 spent annually), 2% cash back at U.S. gas stations, and 1% cash back on all other purchases. Additionally, new cardholders can seize the opportunity to earn a $200 sign-up bonus by making $2,000 in purchases during the first 6 months of card membership.
This card also provides two other appealing welcome offers to bolster your financial flexibility. You'll benefit from a 0% introductory APR on purchases for the initial 15 months after opening your account, with a variable APR of 18.74% - 29.74% taking effect afterward. Furthermore, during the first 15 months, there are no fees associated with the Buy Now, Pay Later option using Plan It plans. After this period, a 1.33% fee will be applied to every purchase made using this feature.
Chase Freedom Flex℠ Credit Card - Best Credit Card for Excellent Credit of December 2023
The Chase Freedom Flex card offers Cash Back in a wide variety of categories.
You’ll earn 5% Cash Back on travel (through the Chase Ultimate Rewards travel service, and also for Lyft rides). You’ll also get 3% Cash Back on restaurant purchases, on drugstore purchases and 1% Cash Back on all other purchases.
Furthermore, you have the opportunity to earn a $200 bonus after spending $500 on purchases within the initial 3 months from opening your account.
This card also features a 15-month 0% annual percentage rate (APR) for both purchases and balance transfers, with a variable APR of 20.49% - 29.24% applying thereafter. While the card doesn't charge an annual fee, there is a 5% fee on balance transfers, or a minimum fee of $5.
Key Considerations for Selecting a Credit Card in December 2023
When it comes to choosing the right credit card, there are several vital factors that deserve careful consideration:
- Interest Rate. The interest rate is the cost of borrowing money on your credit card balance if you don't pay it off completely each month. Opting for a card with a lower interest rate can lead to significant long-term savings. It's essential to compare interest rates when deciding on a card.
- Annual Fee. Some credit cards come with an annual fee, while others do not. If you use your credit card infrequently, paying an annual fee may not be justifiable. However, if you use your card regularly, the benefits and rewards you earn might outweigh the annual fee.
- Rewards. Many credit cards offer rewards such as travel points, cash back, or merchandise. It's advisable to select a card that provides rewards that align with your preferences and needs. For example, if you're a frequent traveler, prioritize a card that offers travel-related rewards.
- Credit Limit. Your credit limit represents the maximum amount you can borrow on your credit card. A higher credit limit can help build your credit score, but it's crucial to spend within your means and only borrow what you can comfortably repay.
- Additional Fees. Certain credit cards may impose additional fees, such as late payment charges or foreign transaction fees. It's essential to carefully review the card's terms and conditions to fully understand all the fees associated with it.
Conclusion
In conclusion, the diverse array of credit cards available in today's market means that there is a card specifically tailored to align with your personal preferences, whether you prioritize luxury, rewards, frugality, cutting-edge technology, or environmental consciousness. Take control of your financial path and maximize the advantages provided by these outstanding credit cards.