As the economy continues to grow at a steady clip in 2016, the credit card industry is fighting hard to earn the business of new customers and to hold on to its existing accounts. And as always, the winner of this intense competition remains credit card users themselves who are constantly being offered new products with better benefits, lower fees, and increased rewards. In addition, there are many valuable offers for cards with 0% APR introductory financing that can allow you to save money on interest charges.
In 2016, keep an eye on these top credit cards:
JetBlue Plus Card from Barclaycard
Barclaycard recently became the credit card partner for JetBlue, one of the most innovative airlines in America. And in keeping with JetBlue's unique personality, the JetBlue Plus card offers some creative features of its own. Cardholders earn 30,000 TrueBlue frequent flyer bonus points after spending $1,000 in purchases within 90 days of account opening. Cardholders also receive an outstanding 6x on all JetBlue purchases, 2x at restaurants and grocery stores and one point per dollar spent on all other purchases. Other perks include a 50% savings on in-flight purchases, a 10% rebate on points redeemed, and their TrueBlue Mosaic elite status after spending $50,000 on their card in a calendar year. There's a $99 annual fee for this card, but no foreign transaction fees.
Capital One® QuicksilverOne® Rewards Card
In 2016, this card became one of the rare cards that offers 0% APR balance transfers with no balance transfer fee. Cardholders also earn 1.5% cash back on all purchases, with no limits. Other benefits include extended warranty coverage, a price protection policy and a roadside and travel assistance hotline. There is a $39 annual fee for this card, and no foreign transaction fees.
Amtrak Guest Rewards® World Mastercard® from Bank of America
Train travel is enjoying a resurgence as Americans are looking for alternatives to the hassles of air travel and the expense of driving. Bank of America recently introduced this card, which allows customers to earn 3x points in Amtrak's Guest Rewards program for each dollar spent on Amtrak travel, including onboard purchases. Double points are offered for other eligible travel purchases, and one point per dollar is earned elsewhere. In addition, new applicants receive 20,000 bonus points after spending $1,000 on their card within 90 days of account opening as well as a complimentary Companion Coupon, a One-Class Upgrade and a single-day ClubAcela® pass for access to ClubAcela, Amtrak Metropolitan Lounge or First class lounges upon your account opening. There is a $79 annual fee for this card, and no foreign transaction fees.
Chase Freedom® Unlimited
Chase's standard Freedom® card offers bonus rewards for spending in featured categories and has long been one of the most popular cards in the United States. This year, Chase introduced a new version of this card called Chase Freedom® Unlimited, which offers a high level of cash back on all purchases instead of bonus cash back on some transactions. Cardholders receive 1.5% cash back on all purchases with no categories to enroll in or limits on the amount of rewards that can be earned. New customers receive $150 in bonus cash back after spending $500 within three months of account opening. And if you also hold a Sapphire Preferred® or Ink Plus® card, you can transfer your rewards from this card to the Ultimate Rewards program, which offers transfers of points to airline and hotel programs. There is no annual fee for this card.
Citi ThankYou® Premier Card
This card is one of a growing list of premium travel rewards cards without an exorbitant annual fee. It offers 3x points on all travel purchases including gas, and 2x points per dollar spent at restaurants and on entertainment, and one point per dollar spent elsewhere. Points are earned in Citi's ThankYou Rewards program and can be redeemed for gift cards, merchandise and travel reservation or transferred to airline miles or hotel points. There is a $95 annual fee for this card that is waived the first year, and no foreign transaction fees.
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