What you need to know about credit cards

A credit card is a convenient way to make purchases and earn rewards. If you can find a card with low interest rate, you will earn higher rewards, visit the SoFi website for more info.

Best cash-back credit cards for April 2021 - CNET

If you are a regular consumer, you don’t need a credit card, because you can make purchases and use rewards on any bank. So a credit card doesn’t make you a bank and the money you can earn from making purchases is not enough to pay off your loans and credit cards.
The most common credit card offered is a Visa or Mastercard. A Visa credit card is a good one. It allows you to make purchases from any merchant with cash or in store credit and to make purchases with points. With this card you have the option of spending rewards at participating merchants like Whole Foods, McDonald’s and Starbucks. You can also buy gift cards from Target, Walmart and Walgreens and buy gift cards with cash at a Visa vending machine. This credit card allows you to spend rewards and purchases and make them with cash and points. However, the points on these cards are based on your spending patterns and not your past purchase behavior. The Chase Freedom card gives you a $150 annual statement credit after spending $5,000 or $10,000 in the first three months of card membership.

Best Credit Cards for Small Businesses

One of the most popular credit cards for small businesses is the American Express Business Platinum card, which offers a $300 sign-up bonus after spending $2,500 within the first three months. However, if you don’t have enough cash on hand to pay for the card, you’ll have to pay a fee of $95. But when you think about it, the $300 sign-up bonus makes up for the fee, since the card earns 3% cash back on all purchases, so it’s a great card for businesses who pay a lot of bills. If you do have enough cash on hand, you could consider the Chase Freedom card, which gives 2% back on all purchases.

Both cards are worth considering, because both offer generous signup bonuses, and both offer a bonus for switching to another card if you’re not satisfied with your existing one.

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