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Last updatedMay 2022

Best Credit Cards May 2022

What kind of perks are you looking for?

The perfect credit card is the one that helps you achieve your goals. From credit-building to earning rewards, we have a card for everyone. Find yours today.

What type of card are you looking for?
1
Chime Credit Builder Visa® Credit Card
Apply Now
on Chime Bank’s application
Chime Credit Builder Visa® Credit Card
  • Rewards Rate: None
  • Welcome Offer: None
  • Balance Transfer intro APR: None
  • Purchase intro APR: None
Recommended Credit Score:
No minimum credit score
Annual Fee:
$0
Regular APR:
None
Check this card
6.3BestMoney Score
2
Upgrade Visa® Card with Cash Rewards
Apply Now
on Upgrade’s application
Upgrade Visa® Card with Cash Rewards
  • Rewards Rate: 1.50% cash back on payments¹
  • Welcome Offer: Earn a $200 bonus on your Upgrade Card after opening a Rewards Checking account and making 3 debit card transactions*
  • Balance Transfer intro APR: None
  • Purchase intro APR: None
Recommended Credit Score:
580
Annual Fee:
$0
Regular APR:
8.99% - 29.99%
Check this card
6.8BestMoney Score
3
SoFi
Apply Now
on SOFI’s application
SoFi
  • Rewards Rate: 2% cash back when you redeem to save, invest, or pay off an eligible SoFi loan
  • Welcome Offer: Earn up to $100 when you open & fund a SoFi Money account and $50 when you open & fund a SoFi Invest account once approved for the SoFi Credit Card
  • Balance Transfer intro APR: None
  • Purchase intro APR: None
Recommended Credit Score:
670+
Annual Fee:
$0
Regular APR:
12.99% – 24.99%
Check this card
6.6BestMoney Score
4
Aspiration Zero Card
Apply Now
on Aspiration brand’s application
Aspiration Zero Card
  • Rewards Rate: 0.5% cash back on all purchases and 1% cash back every month you go carbon neutral
  • Welcome Offer: Earn a $300 bonus after $3000 in spend within the first 90 days of account opening
  • Balance Transfer intro APR: N/A
  • Purchase intro APR: N/A
Recommended Credit Score:
670+
Annual Fee:
$60
Regular APR:
11.65% - 21.45%
Check this card
6.2BestMoney Score
5
Upgrade Triple Cash Rewards Visa®
Apply Now
on Upgrade’s application
Upgrade Triple Cash Rewards Visa®
  • Rewards Rate: 3% cash back on Home, Auto and Health categories and 1% cash back on other purchases
  • Welcome Offer: Earn a $200 bonus on your Upgrade Card after opening a Rewards Checking account and making 3 debit card transactions*
  • Balance Transfer intro APR: None
  • Purchase intro APR: None
Recommended Credit Score:
620
Annual Fee:
$0
Regular APR:
8.99% - 29.99%
Check this card
6.7BestMoney Score
6
Varo Believe
Apply Now
on VaroMoney’s application
Varo Believe
  • Rewards Rate: None
  • Welcome Offer: None
  • Balance Transfer intro APR: None
  • Purchase intro APR: None
Recommended Credit Score:
No minimum credit score
Annual Fee:
$0
Regular APR:
None
Check this card
6.4BestMoney Score
7
PenFed Gold
Apply Now
on PenFed’s application
PenFed Gold
  • Rewards Rate: N/A
  • Welcome Offer: Earn a $100 Bonus Offer Statement Credit when you spend $1,500 in first 90 days
  • Balance Transfer intro APR: N/A
  • Purchase intro APR: N/A
Recommended Credit Score:
680+ (good to excellent)
Annual Fee:
$0
Regular APR:
7.49% - 17.99%
Check this card
6.5BestMoney Score
8
Power Cash Rewards Visa Signature® Card
Apply Now
on PenFed’s application
Power Cash Rewards Visa Signature® Card
  • Rewards Rate: 1.5% cash back and 2% cashback as an Honors Advantage member
  • Welcome Offer: 100 Bonus Offer Statement Credit when you spend $1,500 in the first 90 days
  • Balance Transfer intro APR: N/A
  • Purchase intro APR: None
Recommended Credit Score:
680+ (good to excellent)
Annual Fee:
$0
Regular APR:
14.99% - 17.99%
Check this card
6.5BestMoney Score
9
PenFed Pathfinder
Apply Now
on PenFed’s application
PenFed Pathfinder
  • Rewards Rate: Earn 4x points on travel for PenFed Honors Advantage Members,† 3x points on travel for everyone else and 1.5x points on all other purchases²
  • Welcome Offer: 50,000 Bonus Points when you spend $3000 in the first 90 days**
  • Balance Transfer intro APR: N/A
  • Purchase intro APR: N/A
Recommended Credit Score:
680+ (good to excellent)
Annual Fee:
$95 (waived for existing Honor Advantage Memebers)†*
Regular APR:
14.99% - 17.99%¹
Check this card
6.4BestMoney Score
10
BlockFi
Apply Now
on BlockFi’s application
BlockFi
  • Rewards Rate: 2% cash back in bitcoin on every purchase over $50K of annual spend. Rewards rate increases from 1.5% - 2% after $50K of spend has been achieved and resets on the card anniversary date every year
  • Welcome Offer: Earn 2.5% bitcoin rewards on all purchases in the first 90 days of card ownership, yp to $100 in bitcoin
  • Balance Transfer intro APR: None
  • Purchase intro APR: None
Recommended Credit Score:
680+ (good to excellent)
Annual Fee:
$0
Regular APR:
11.74% - 21.74%
Check this card
6.0BestMoney Score
11
Sable Bank Account And Debit Mastercard®
Apply Now
on Sable’s application
Sable Bank Account And Debit Mastercard®
  • Rewards Rate: 1% cash back on purchases at Amazon, Netflix, Spotify, Hulu, Uber, Uber Eats, and Whole Foods. Get $25 when your build your credit score to 700+ within the first 12 months
  • Welcome Offer: None
  • Balance Transfer intro APR: None
  • Purchase intro APR: None
Recommended Credit Score:
No minimum credit score
Annual Fee:
$0
Regular APR:
None
Check this card
5.5BestMoney Score
BestMoney Total Score

Our product scores consist of a combination of the following 3 components:

TrustPilot Score

Click Trend

Products & Features

Trustpilot is a trusted third-party consumer review website open to anyone looking to share a business review. The BestMoney Total Score will consist of the brand’s score on TrustPilot. If a brand does not have a TrustPilot score, the BestMoney Total Score will be based solely on the Click Trend Score and Products & Services Score (read below).

Everything You Need to Know About Applying for a Credit Card Online

 Applying for a credit card online offers a number of advantages over the other application methods that include applying by phone, mailing a written application, or in person. 

First, you can apply anytime you wish 24/7 from the convenience of your home. If you are shopping around for the best credit card deal on a credit card comparison site you can move right to the application process once you reach your decision as to the best card for your needs. 

If you apply in person at your bank or credit union this involves getting dressed in decent clothes and physically going there. Applying by phone may mean a limited time window during the week in which to apply. Mailing the application means a time lag in having your application reviewed and there is always the chance your application could get lost. 

How to Choose the Right Card for You

When looking for a credit card, there are a few things you should do to help guide you to the right card for your situation. 

Check your credit

Be sure that you’ve checked your credit and that you are up to speed on your score. Some cards may be better than others for applicants with your credit score and history than others. 

Identify the type of card that you need

Before applying for a card, identify the features in a card that are important to you. Are you looking for a card that offers cash back rewards or perhaps one that offers travel rewards? Are you looking for a card that is suitable for those with poor credit? If there are special attributes that you are looking for in a credit card it's recommended to identify these attributes before starting the application process. 

Get the card that provides the most value for you

Once you’ve checked your credit and have done your homework to decide the right type of card for your situation, research the cards that will be the best fit and apply for one or more of them. 

Credit Cards 101

Credit cards can be a misunderstood topic as there are a lot of aspects to know about them. Here are some basics that you should understand when applying for a new card. 

Card types

There are a number of different card types to consider based upon your needs, some of these include:

  • Balance transfer cards are those that encourage the consolidation of one or more balances from other cards. Balance transfer cards may offer low or even zero interest for a period of time as an incentive.
  • Low interest rate cards may offer a very low or 0% interest for an introductory period and then a low interest rate thereafter. These cards are best for those cardholders who carry a balance on their card.
  • Cards for those with poor or bad credit are those that will accept applicants with lower credit scores. The definition of a low credit score will vary among card issuers. These cards can help the cardholder rebuild their credit score. The interest rate on these cards, as well as other terms, may be less favorable than for cards for borrowers with good credit scores.
  • Rewards cards are credit cards that offer rewards for purchases in the form of cash back or travel rewards. As long as the other terms and conditions of the card are favorable to you, these cards can be advantageous.


Benefits of having a credit card

There are a number of potential benefits to having a credit card. These include: 

  • Building your credit by making transactions and paying off the balance in a timely fashion.
  • Providing purchasing power for making larger purchases with the card and then paying them off. Using a credit card also can provide recourse in case there are problems with a larger purchase.
  • With some cards the cardholder can earn travel or cashback rewards which provide extra value.
  • This eliminates the need to carry cash or to use a checkbook when shopping.

FAQs

Here are some FAQs about credit cards with answers to these questions. 

What does the application process look like? 

While the process might be a bit different for each card issuer, there are some basics that are common among virtually all credit card companies. They will ask for your basic information including your Social Security number.

They will want to know about your income and where it's derived from. If you are employed they may ask for information about your employer as well. 

They will want to know about where you live and if you own or rent. They may ask how long you’ve lived there. 

Can I have more than one credit card? 

You can absolutely have more than one credit card. There is no rule against this. However, a credit card issuer will look at the level of your outstanding credit as a potential consideration deciding whether or not to issue you their card, and if so in determining your credit limit on the card. 

In some cases, having credit cards that have no balance or that haven’t been used recently can be an adverse mark on your credit history in that some card issuers may look at these additional cards in terms of the total available credit that you could potentially use. 

If you have cards that have not been used in a while, you might find that the issuer of these cards will cancel them on you unexpectedly. 

How do I choose the right type of credit card? 

As with any financial decision, choosing the right type of credit card for you is a function of your situation. Look at your credit score, how and how often you will use the card, if you travel perhaps a travel reward card might be appropriate. 

If you have some balances on other cards that you’d like to consolidate, perhaps a card that offers incentives on balance transfers is right for you. If your credit score is low, a card that indicates that they will accept those with lower credit scores could be the right answer.