In Today article we will be listing the Best Credit Cards in 2022 . But before then let’s discuss about what Credit Card is all about. A credit card is a thin piece of plastic that is rectangular in shape or metal card issued either by a bank or financial services company, building society that allows the holder to purchase goods or services on credit.
It also allows card holder to borrow funds to pay for goods and services with foreign wholesaler or merchants that accepts credit cards for payments.
Examples of Credit Cards
Below are some examples of credit card.
- Visa cards.
- American Express.
- Discover credit card.
What is Credit Card Meant For?
Are you wondering what Credit card are meant for? If yes, then below are few things you can do with your card.
- To make purchases.
- To borrow funds to pay for goods and services.
- For balance transfers and cash advances.
ATM Card – Is It Also a Credit Card
ATM cards are not credit card. It is a payment card designed and sized plastic cards with a magnetic stripe and also a smart card that contains a unique card number, with a chip and some security information such as an expiration date or CVVC (CVV). An ATM, all charges including any cash advances are not removed from your checking account expect specific arrangements are agreed through the bank. Credit cards is more protected than the ATM card.
Differences Between a Debit Card and Credit Card
The difference between debit and credit card is that credit cards allows you to borrow and collect money from the issuer to a firmly relied limit to withdraw cash or purchase goods . Debit cards simply gives you permission to spend money by drawing a sum of money saved or made available for a particular purpose, which is funds that you have deposited in the bank.
Best Credit Cards 2022
Here are our top best credit card in 2022 based on users review.
- CHASE FREEDOM FLEX: Best no annual fee card and best cash back.
- WELLS FARGO ACTIVE CASH CARD: Best cash back flat rate and best 0% APR5.0.
- CHASE SAPPHIRE RESERVE (R): Best card to insure travelling.
- UNITED CLUB INFINITE CARD: Best airline card.
- DISCOVER IT(R) STUDENT CASH BACK: Best card for students.
- DISCOVER IT(R) SECURED CREDIT CARD: Best secured cash.
- AIRLINE(R) CREDIT CARD: Best mid-tier airline card.
- PLATINUM CARD(R) FROM AMERICAN EXPRESS: Best for luxury travel and lifestyle benefits.