Adam McCann, Financial Writer
@adam_mcan
The best type of credit card is an unsecured card with rewards and no annual fee because it saves consumers a lot of money on purchases. The best credit card overall is Chase Freedom Unlimited®. This card offers 1.5 - 5% cash back on purchases and and comes with a $0 annual fee.
For any individual person, though, the best type of credit card depends on their specific needs. Some people need cards that cater to low credit scores, while others need cards that give 0% financing on purchases or provide the best value at their favorite retailer. Also, some types of credit cards are the best for certain demographics only – like students or business owners.
Best Types of Credit Cards
| Type of Card | Best For |
| People with at least good credit who want to save money | |
| People with bad or limited credit | |
| People with at least good credit who want to finance purchases | |
| People with at least good credit who need to refinance existing debts | |
| People who shop a lot at certain retailers | |
| Students | |
| Business owners and authorized representatives |
Now that you know about the best types of credit cards, you can learn more about some of the best individual credit cards below.
Best Credit Cards in 2024
- Overall: Chase Freedom Unlimited®Chase Freedom Unlimited®Learn MoreLearn Moreon issuer's website
- Travel: Chase Sapphire Reserve®Chase Sapphire Reserve®Learn MoreLearn Moreon issuer's website
- Rates & Fees0% Intro APR: Wells Fargo Reflect® CardWells Fargo Reflect® CardLearn MoreLearn Moreon issuer's website
- Rates & FeesSecured: Capital One Quicksilver Secured Cash Rewards Credit CardCapital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn Moreon issuer's website
- Students: Chase Freedom® Student credit cardChase Freedom® Student credit cardLearn MoreLearn More
You can browse the market’s best credit cards on WalletHub. You can also join WalletHub for free to get personalized credit card recommendations.
2024's Best Credit Cards
Popular Credit Cards
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Low Intro APR & Bonus Rewards
Chase Freedom Unlimited®
LEARN MORE -
Everyday Cash Back
Wells Fargo Active Cash® Card
LEARN MORE -
Good Credit
Blue Cash Preferred® Card from American Express
LEARN MORE -
0% Intro APR
Wells Fargo Reflect® Card
LEARN MORE
People also ask
What are four types of credit cards?
Four major types of credit cards are Visa, Mastercard, American Express and Discover. These are the major credit card networks, which most credit cards belong to, and they dictate where cards can be used as well as what secondary benefits cards offer. Fundamentally, the credit cards on these networks work the same way, however.
4 Types of Credit Cards
- Visa credit cards
- Mastercard credit cards
- American Express credit cards
- Discover credit cards
Overall, Visa and Mastercard...
read full answerWhat is the best credit card overall?
The best credit card overall is the Wells Fargo Active Cash® Card because it has a $0 annual fee, an introductory APR of 0% for 15 months from account opening on purchases and qualifying balance transfers, and excellent rewards. Overall, Wells Fargo Active Cash has a rating of 5/5 from WalletHub editors.
Why Wells Fargo Active Cash Is the Best Credit Card
- Initial Bonus: $200 cash rewards after spending $500 in the first 3 months
- Ongoing Rewards: 2% cash rewards
- Introductory APR: 0% for 15 months from account opening on purchases and qualifying balance transfers
- Annual Fee: $0
- Regular APR: 20.24% - 29.99% Variable
- ...
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