Your Guide to the Best Credit Cards of January 2021

Your Guide to the Best Credit Cards of January 2021

There are many good cards right now and if you are applying for one, you need to weigh in the best cards out there offering the best rates and best bonuses and offers if you want to maximize those cards and their benefits.

best credit cards of january 2021

Credit cards are considered an integral part of the US economy.

Most everyone has a credit card as it’s probably one of the easiest ways to pay for services.

Many establishments accept credit card payments because it allows customers to pay for products or services while ensuring that establishments actually get their money.

In some cases, you need a credit card to gain access to a product or service especially for transactions online.

It is no surprise that there are so many credit card companies right now offering different kinds of credit cards with different features and benefits.

If you’re asking yourself what are the best credit cards for you, then don’t worry as we’ve got your back.

We have analyzed all the available ones on the market and we’re going to recommend to you the best credit cards of January 2021.

What Exactly Are Credit Cards and Why Should I Get One?

Credit cards are an electronic way to make payments for your products or services which has become the preferred way to pay especially online.

As opposed to traditional forms of payment such as cash and checks, payments made with a credit card are automatically paid into the account of the merchant or recipient of the payment.

It also provides a level of security as each card is unique to each cardholder with every transaction disputable if there are questionable or unknown transactions.

It also is a much faster way to receive payments online compared to other old forms of payment like checks via mail, postal orders, or bank drafts that can take weeks to process.

Credit cards also allow cardholders to make payments using the card even if you don’t have enough cash yet to pay for the transaction.

Credit cards give you a credit limit and you can use that card for payments up that limit. In a sense, it’s a form of a loan or debt. 

Credit cards are important as many transactions only accept credit card payments.

This means that if you want to gain access to certain products or services, you need a credit card.

However, since credit cards are a form of a loan, there are so many cards out there offering varying terms.

We’ve researched which ones are the best credit cards of January 2021 based on their benefits and features.

Capital One Quicksilver Cash Rewards Credit Card

BEST OVERALL, BEST FOR CASHBACK

best credit cards of january 2021

This card is the best overall credit card available and has the best cashback. 

This is mainly because of a combination of low fees, low-interest rates, and the high rate for earning rewards. 

To top it all off, there are no annual or recurring fees making sure that you get the best value from the card every year. 

It also does not charge for foreign transactions so it’s one of those rare cash-back credit cards that are great to bring on your international travels. 

For these reasons, we believe that this card is the best overall card in the best credit cards of January 2021.

Current Offer: You can earn a one-time $200 cash back bonus if you can spend $500 in the first three months of opening an account.

Recommended Credit Score: 670 – 850

Regular APR (%): 15.49 – 25.49 variable

Other Features:

  • Zero Annual Fees
  • 1.5% cashback on every purchase, every day
  • 0% intro purchase APR for 15 months.
  • 3% balance transfer rate
  • 0% foreign transaction fees

United℠ Explorer Card

BEST AIRLINE

best credit cards of january 2021

Based on our research for the best credit cards of January 2021, the United Explorer card is the best airline credit card as it offers the best value per mile earned on any card of its type.

There are several ways to redeem miles which include getting flights from partner participating airlines with Star Alliance.

To maximize the card, United Airlines should be the primary airline that you will be flying with.

The introductory bonus with the card will further add value to maximizing your points with United.

There is a $95 annual fee that is similar to its competitors but is waived on its first year. It also does not charge a foreign transaction fee so it’s great for international travel as well. 

Current Offer: After you spend $3000 in the first three months, you are entitled to 60,000 bonus miles plus an additional 10,000 miles after you spend $6000 in the first six months.

Recommended Credit Score: 670 – 850

Regular APR (%): 16.49% – 23.49% variable

Other Features:

  • Zero Annual Fee for the first year, then $95 for each succeeding annual fee.
  • Earn 2 miles per $1 at restaurants, hotels, and United purchases, then 1 mile per dollar for all other purchases. 
  • Access to priority boarding and United ClubSM with two one-time passes each year.
  • 5% balance transfer fee or $5 whichever is greater
  • 0% foreign transaction fees

Chase Sapphire Reserve®

BEST FOR TRAVEL

best credit cards of january 2021

If you love to travel then the Chase Sapphire Reserve is probably one of the best credit cards of January 2021 that works best for you.

It has one of the best one-time point bonuses available, an annual travel credit not available on other cards, high rewards earning rate, and points redeemed through Chase Ultimate Rewards for travel are worth 50% more.

You even get the ability to transfer points to partner hotel and airline partners on a 1:1 basis.

There is a high annual fee but if you’re a regular traveler, the annual travel credit does justify the fees.

It also comes with other travel-related benefits for travelers not looking to commit themselves to a single airline or hotel.

Current Offer: 50,000 bonus points when you spend $4000 in the first 3 months of opening an account.

Recommended Credit Score: 800 – 850

Regular APR (%): 16.99% – 23.99% variable

Other Features:

  • $550 annual fee
  • Earn 3x more points for travels after earning the $300 travel credit, 3x more for restaurants, and 1 point per dollar for all other purchases.
  • 5% balance transfer fee or $5 whichever is greater
  • 0% foreign transaction fees

Bank of America® Travel Rewards for Students

BEST STUDENT CREDIT CARD

best credit cards of january 2021

Are you a student looking for a credit card that you can use for your needs?

The Bank of America Travel Rewards for Students card may just be for you.

It has a high earning rate on its reward program and can redeem it on all sorts of travel expenses.

The card comes with a long introductory APR on purchases and you won’t even have to worry about annual fees.

The card also does not have any foreign transaction fees so it’s always a plus.

If you are a student and looking for one of the best credit cards of January 2021 that’s great, then this one may just be for you.

Current Offer: You can earn 25,000 points in the first three months when you spend $1000. Those points can even then be redeemed for a $250 credit towards travel purchases.

Recommended Credit Score: 670 – 850

Regular APR (%): 14.99% – 22.99% variable

Other Features:

  • Zero Annual Fees
  • 1.5 points earned for every $1 spent
  • 0% intro purchase APR for 12 billing cycles
  • 3% balance transfer fee or $10 whichever is greater
  • 0% foreign transaction fees

Ink Business Preferred℠ Credit Card

BEST BUSINESS CREDIT CARD

best credit cards of january 2021

Now if you’re a businessman, then the Chase Ink Business Preferred Card is our pick for you in our best credit cards of January 2021 list.

It has a strong points rewards program with the Chase Ultimate Rewards program.

It gives you a 25% premium when used for travel.

It also works well to earn Ultimate Rewards when paired with other Chase business and consumer cards.

It has the highest introductory bonus of any business card on the market with 100,000 points for spending $15,000 in the first three months of opening and is worth $1250 when being redeemed for travel through the Chase Ultimate Rewards.

Current Offer: 100,000 bonus points in the first three months when you spend $15,000.

Recommended Credit Score: 670 – 850

Regular APR (%): 15.99% – 20.99% variable

Other Features:

  • $95 Annual Fee
  • 3 points per dollar for the first $150,000 expense on travel and business each year then 1 point per dollar on all other purchases
  • 5% balance transfer fee or $5 whichever is greater
  • 24.99% Cash Advance APR
  • $15 or 5% per transfer for cash advance fee, whichever is higher

Final Thoughts

There are many good cards right now and if you are applying for one, you need to weigh in the best cards out there offering the best rates and best bonuses and offers if you want to maximize those cards and their benefits.

The cards presented are the best credit cards of January 2021 on the market right now and hopefully, you’ll find one that fits your needs. 

FOR MORE ARTICLE LIKE THIS, CLICK HERE!

Author: John Benares

Leave a Reply

Your email address will not be published. Required fields are marked *