There are many credit cards available for those with good to excellent credit. People with excellent credit really have the pick of the litter when it comes to credit card rewards, they tend to pick Platinum Cards, Rewards Cards, or Business Cards, as they offer the best perks and lowest interest rates. Depending on your personal lifestyle and how good your credit rating is there are a variety of credit card rewards most people are missing out on. Below are the best suited card types for people with excellent credit.
Platinum Credit Cards
Platinum Credit Cards are considered to be the best cards to use because they usually have no annual fee, and have lower interest rates and higher credit limits. They are one of most popular type of credit cards people with excellent credit. Platinum cards are geared for people who prove to be low risk for banks, thus they often have higher limits and much lower interest rates.
Business Credit Cards
A good reason to get a business card is to keep your personal and business accounts separate. It also gives a detailed expense management report so i is perfect for businessmen who keeps a well-organized records. Unlike most platinum cards, Business cards offer a variety of rewards and sign- up bonuses.
Reward Credit Cards
Reward Cards the best credit cards in our opinion. We believe that if you have excellent credit and you don't carry a balance, you really should be rewarded for your good behavior. There are a variety of rewards cards on the market, the most popular are travel and cash back cards. With a travel rewards card, you can get free flights and other travel related offers. Some rewards cards require an annual fee so you'll want to make sure the fees associated are off set by the perks.
Before you make the decision for the type of card to go for, you need to examine your own personal lifestyle and spending patterns. Compare the benefits of the cards, for example, if you use a cash back card instead of an air mile credit card, what will be your benefits? There are quite a few air line specific cards and hotel branded cards. There are also broad rewards cards that let you pick how to redeem your points. Rewards cards can gain you free money towards flights, hotels, rental cars, gas, baggage fees, sporting events, and so much more! All you have to do it find the one that is right for you!