What is the BEST CREDIT CARD to GET? | Radikal Marketer

What is the BEST CREDIT CARD to GET?

The best credit card depends on your objectives and what you are trying to accomplish.
Consider what you want to achieve, such as free travel, hotel rewards, airline rewards, balance transfers, building business credit, cash back, or other rewards.
The concept of the "best" credit card is relative to your personal needs and goals.
Everyone has different objectives, and not everyone likes credit cards.
It's important to understand what you are trying to accomplish in your current life situation.

"What are you trying to accomplish?"

Build a diverse credit card portfolio based on your objectives.
- Cards for travel
- Cards for cash back
- Cards with zero percent APR
Utilize zero percent APR cards for interest-free loans and transfer debt without paying interest.
- Paying balance transfer fees is often a minimal amount compared to the savings.

"I love business credit cards because you can ring up the utilization without it affecting your credit."

Business credit cards offer higher credit limits than personal cards and won't affect personal credit utilization.
Business credit cards usually don't report to personal credit bureaus, except for a few exceptions.
Personally guarantee the debt of business credit cards and be liable for late payments or non-payment.
Benefits of business credit cards include:
- Ability to obtain larger credit limits
- Access to zero percent APR offers
- Option to open more cards for extended interest-free periods
- Opportunity to build business credit and expand borrowing capacity
- Flexibility to move balances to other zero percent APR cards for additional time to repay

"You build up your business credit and start paying someone else back."

Best Credit Cards for Different Needs

Citibank offers several credit cards with zero APR, making them a great option for those looking for a low-interest card.

"Zero APR Citibank is amazing at that. They got a ton of credit cards with zero APR."

Bank of America and Wells Fargo also offer decent credit cards with an 18-month zero percent APR, such as the Americart and Platinum cards.

"Usually Bank of America and Wells Fargo, they can have a pretty decent card. The Americart's pretty good, the Platinum card is pretty good. Usually, those are like 18 months zero percent."

U.S. Bank has a platinum card with a long zero APR period, but be cautious as new members could have lower credit limits.

"U.S. Bank has got a big one with the platinum. Be aware of U.S. Bank though, new members, your credit limits could be like 2k. Stay away from that card, don't get fooled into that card."

Best Rewards Credit Cards

For rewards, Chase and American Express are considered the best options.

"Rewards obviously Chase and American Express are probably the best for any type of rewards."

Cash-back cards from Discover and credit unions are worth exploring.

"There's a lot of great cash back cards, especially with credit unions. Look into your credit unions for ultimate cash-back cards. They're going to be really great."

When it comes to travel cards, American Express and Chase are top choices, offering various airline and hotel cards.

"Travel cards, you can't beat American Express, you can't beat Chase. Chase is going to have the Southwest Airline card, the United Airline card. They're going to have the Hyatt card, which I love."

Considerations for Business Credit Cards

Barclays offers sleeper travel cards, including options for low-cost airlines, such as JetBlue, Hawaiian Airlines, Frontier, and more.

"A sleeper for travel is Barclays. Check Barclays and ultimately you guys are not a fan of Barclays, I am because they have the Windham business card, which is amazing."

Credit unions are recommended for business credit cards, especially if you have active business revenue, as they offer high credit limits.

"I like credit unions for that because you get high limits with some of these things, especially if you're doing active business revenue."

Choosing the Best Credit Card for You

The best credit card is ultimately based on your specific needs and preferences.

"The best credit card answer is what is the best for you?"

Educate yourself on financial literacy, maximum credit funding, credit gardening strategies, and building your profile for better credit options.

"Watch all my videos on financial literacy, how to get maximum credit funding, all that type of stuff. I talk about credit gardening strategies, how to build out your profile."