DALLAS — There isn’t any one credit card that fits every person’s budget, purchase, and family. There are a variety of credit cards out there that are great for different situations.
Whether it's raking in cash back deals at the grocery store or earning extra miles on a trip, some credit cards come with huge benefits. To find out which one is best for you, here’s a list of Best Credit Cards, according to Forbes Advisor.
Best Credit Card For Cash-Back
The credit card offering the best cash back is the Chase Freedom Flex℠.
PROS
- No annual fee
- Rotating quarterly categories earn 5% rewards when activated, up to a combined quarterly $1,500 maximum
- Travel rewards rate rivals some of the best premium travel cards
- Generous rewards rate in several other categories
CONS
- Travel bookings must be made through Chase Ultimate Rewards® to earn 5% cash back
The Wells Fargo Active Cash® card is another great option to earn cash back.
PROS
- Unlimited 2% cash rewards on purchases
- $0 annual fee
- Cell phone protection benefit
CONS
- There’s a balance transfer fee
- There’s a foreign transaction fee
- No travel transfer partners
Best Credit Card For Flexible Travel Rewards
If you’re a traveler, you might want to book your next flight with the Capital One Venture X Rewards credit card.
PROS
- Annual fee lower than others in its category
- Annual travel credit and anniversary miles alone could justify the annual fee
- Miles are easy to earn and easy to use
CONS
- Lack of domestic airline and upscale hotel travel partners
- Capital One lounge network in its infancy
- Lack of hotel status benefits
Best Credit Card For Airline Travel Rewards
The best airline credit card goes to the United Club Infinite Card. It offers 4 miles per dollar earnings on United purchases.
PROS
- No foreign transaction fee
- United Club membership is worth more than the annual fee
- First and second checked bag free when you pay for your flight with your card
CONS
- Very high annual fee
- No intro APR offer
- High regular APR
BEST HOTEL CREDIT CARDS
For those who book hotel often, the best card for that is the Hilton Honors Aspire Card from American Express.
PROS
- Complimentary Priority Pass Select membership with enrollment
- Up to $600 in statement credits
- Instant Hilton Diamond status with rich set of benefits
CONS
- High annual fee with no first-year waiver
- High regular APR and penalty APR
- No intro APR offer
- Points have a lower value than most rewards programs
BEST CREDIT CARD FOR STUDENTS
The best card for students is the Discover IT Student Cash Back. This is the perfect card for a student with average or limited credit scores to gain experiencing managing credit.
PROS
- No annual fee
- 5% cashback on rotating bonus categories after enrollment
- First-year Cashback match
CONS
- 5% bonus cashback rate is limited to $1,500 per quarter in spending
- Bonus categories must be activated quarterly
- Low 1% base reward rate