May 2023 will be full of events, so it would be great to have a credit card in your pocket that brings a lot of bonuses and rewards. We've compiled a list of cards that will be beneficial to you!
Discover it® Secured Credit Card - Best Credit Card for Poor Credit of May 2023
The Discover it® Secured Credit Card offers 2% Cash Back on gas stations and restaurants up to $1,000 in combined spending per quarter, and 1% on everything else.
The Discover it® Secured Credit Card requires you to put down a refundable security deposit. That deposit becomes your credit line. Minimum deposit is $200. The maximum credit limit is $2,500.
This Credit Card comes with 10.99% intro APR on Balance Transfers for 6 months, and then 27.74%. The Annual Percentage Rate for purchases is 27.74%.
Capital One Quicksilver Cash Rewards Credit Card - Best Credit Card for Fair Credit of May 2023
The Capital One Quicksilver Cash Rewards Credit Card is a credit card that offers 1.5% cash back on all purchases with no annual fee. This Credit Card offers a $200 cash back bonus if you spend $500 on purchases within 3 months of opening your account.
It also offers a 0% intro on purchases and balance transfers for 15 months, followed by the standard APR of 19.99% - 29.99% (Variable). The card has a balance transfer fee of 3% (none for balances transferred at the Transfer APR).
Capital One Walmart Rewards® Mastercard® Credit Card - Best Credit Card for Good Credit of May 2023
The Walmart Rewards® Credit Card earns 5% Cash Back on in-store purchases for the first 12 months when using Walmart Pay. The Card offers 5% Cash Back at Walmart.com, including pickup & delivery; 2% Cash Back in Walmart stores, at restaurants, and on travel. Additionally, you can earn 1% Cash Back everywhere else Mastercard is accepted.
The Walmart Rewards® Card charges no annual fee and no foreign transaction fee. The Card’s APR is 19.48% - 29.99% Variable.
Citi Costco Anywhere Visa® Credit Card - Best Credit Card for Excellent Credit of May 2023
The Citi Costco Anywhere Visa® Credit Card is a credit card that offers 4% Cash Back on eligible gas, including gas at Costco for the first $7,000 per year and then 1% thereafter. Additionally, you'll earn 3% Cash Back on restaurants and eligible travel purchase worldwide. The Card also earns 2% Cash Back on purchases from Costco and Costco.com, and 1% Cash Back on all other purchases.
The Citi Costco Anywhere Visa® Card doesn’t charge an annual fee. The Card’s APR for purchases and transfers is 20.49% Variable.
Key Factors when Choosing a Credit Card in May 2023
- Credit Score. Your credit score affects your ability to get a credit card. A higher credit score can help you get better interest rates and terms.
- Annual Fee. The Annual fee is the sum you pay annually for the rewards and benefits that come with your credit card. The annual fee should be compared to the rewards and benefits you will receive from using your credit card. For your convenience, our reviews have a special calculator that allows you to calculate the benefit of using the card based on your spending habits and helps you relate the benefit to your annual fee.
- Interest rates. Interest rates determine how much interest you will pay on your credit card. It's better to choose a credit card with a low-interest rate if you plan to carry a balance.
- Rewards program. Credit Cards usually offer cash back, points, or travel miles for every dollar you spend. Choosing the best rewards card for you will depend on your daily habits and how you plan to use your rewards. You can redeem rewards for cash back, merchandise, or travel.
Conclusion
Many credit cards offer rewards for holiday shopping. Be attentive and consider the key factors to choose the most advantageous card for your everyday needs!