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We think it's important that you understand how we make money. It's quite simple, actually. The financial product offerings you see on our platform come from companies that pay us. The money we earn helps provide us with access to free credit scores and reports and helps us create our other great educational tools and materials.
Compensation can influence how and where products appear on our platform (and in what order). But since we usually make money when you find an offer you like and receive it, we try to show you offers that we think are right for you. That's why we provide features like your approval odds and savings estimates.
Of course, the offers on our platform do not represent every financial product out there, but our goal is to show you as many great options as possible.
These offers are no longer available on our website: Wells Fargo Reflect® Card, Capital One® Savor® Cash Rewards Credit Card
There are many credit cards out there that offer various perks and benefits, but what is the best everyday credit card that you can use regularly without fail? Here are our top picks.
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●Best Complete Card: Wells Fargo Active Cash® Card
●Best for Travelers: Capital One Venture Rewards Credit Card
●Best Starting Offer: Wells Fargo Reflect® Card
●Best for Dining: Capital One® Savor® Cash Rewards Credit Card
●Best for Grocery Shopping: American Express Blue Cash Preferred® Card
●Best for Gasoline: PenFed Platinum Rewards Visa Signature® Card
●Melhor para estudantes: Capital One Quicksilver Student Cash Rewards Credit Card
Best full card:Wells Fargo Active Cash® Card
Here's why:The card offers a flat 2% cashback on every purchase you make, regardless of spending category. What's more, you don't have to go through hoops like you do with some other 2% cash back credit cards.
As a new cardholder you will earn $200cash back when you spend $500in purchases in the first3months.
You can also enjoy an introduction0%APR on purchases and balance transfers to15 monthssince account opening, after which the variable APR for both will be19,99%, 24,99%, 29,99%. There is a balance transfer fee:3% for 120 days from account opening, then up to 5%; minimum: $5. To qualify for the APR introduction, you must complete all balance transfers within 120 days of account opening.
You'll also receive up to $600 in cell phone protection against damage or theft (with a $25 deductible) when you use the card to pay your phone bill. The card does not charge an annual fee.
Learn more about the Wells Fargo Active Cash® Cardto determine if it's the right fit for you.
Best for travelers:Capital One Venture Rewards credit card
from our partner
Capital One Venture Rewards credit card
Capital One Venture Rewards credit card
4.4out of 5
Of cardholders in the last year
Here's why:OCapital One Venture Rewards credit cardoffers five miles per $1 spent on hotels and car rentals booked through Capital One Travel and two miles per $1 spent on all other purchases, regardless of tier.
The card also offers an impressive75.000bonus miles when you spend $4.000in purchases in the first3months from opening the account. You can redeem your miles to travel in three ways:
- Book directly with travel providers and request a statement credit.
- Book your trip through Capital One Travel.
- Transfer your rewards to one of Capital One's travel loyalty program partners.
for your modest$ 95annual fee, you will also receive two complimentary visits to Capital One Lounges or Plaza Premium Lounges per year and a statement credit of up to $100 to cover a Global Entry or TSA PreCheck application fee. It also does not charge foreign transaction fees.
See more informationCapital One Venture Rewards credit card reviews.
Best introductory offer:Wells Fargo Reflect® Card
Here's why:OWells Fargo Reflect® Cardit is introductory0%The APR promotion is hard to beat, offering up to 21 months on purchases and balance transfers. That's it18 monthsfor starters, with the chance to win a three-month extension by making on-time payments during the promotional period.
After the promotion ends, your variable APR for purchases and balance transfers will be17,74% - 29,74%. Balance transfers must be completed within 120 days to qualify for the intro fee, and there is a balance transfer fee of3% for 120 days from account opening, then up to 5%; minimum: $5.
To beWells Fargo credit cardIt doesn't offer rewards, but the initial promotion amount of APR and the interest you can save can outweigh the value of cash back, points, or miles—especially if you're paying down debt. The card has a$ 0annual fee.
Read ourWells Fargo Reflect® card reviewfor more details.
Best for dinner:Capital One® Savor® Cash Rewards Credit Card
Here's why:Cardholders can earn 4% unlimited cashback on meals, as well as entertainment and popular streaming services.
You'll also get 8% cashback on Capital One Entertainment purchases, 3% cashback at supermarkets (excluding superstores like Walmart and Target), and 1% cashback on everything else. As a new cardholder, you will earn a $300 cash bonus when you spend $3,000 on purchases within the first three months of account opening. The card charges an annual fee of $95.
See more informationCapital One® Savor® Cash Rewards Credit Card Reviews.
Here's why:AsAmerican Express Blue Cash Preferred® Cardyou'll earn 6% cash back on up to $6,000 spent each calendar year in US grocery stores (so 1%). ThatAmerican Express credit cardalso offers 6% cashback on select US streaming subscriptions, 3% cashback on transit and at US gas stations, and 1% cashback on all other purchases.
As a new cardholder you will earn $250back when you spend $3.000in purchases in the first6months of card subscription.
As an added benefit, you'll receive a $7 monthly statement credit when you use the card to spend $12.99 or more per month on a Disney Bundle subscription, which includes Disney+, Hulu and ESPN+. The card comes with aIntroductory annual fee of $0 for the first year, then $95after that.
See more informationAmerican Express Blue Cash Preferred® Card Reviews.
Best for Gasoline: PenFed Platinum Rewards Visa Signature® Card
Here's why:The PenFed Platinum Rewards Visa Signature® card offers five points for every $1 spent on gasoline paid at the pump and electric vehicle charging stations, making it a solid choice for owners of both gasoline and electric vehicles.
You'll also earn three points for every $1 you spend at supermarkets and restaurants, as well as TV, radio, cable and streaming services. All other spending will earn you one point per $1.
As a new cardholder, you will receive 15,000 bonus points when you spend $1,500 within the first 90 days of opening an account. The PenFed Platinum Rewards Visa Signature® Card has no annual fee.
Melhor para estudantes: Capital One Quicksilver Student Cash Rewards Credit Card
Here's why:When you start accumulating credit with Capital One's Quicksilver Student Cash Rewards credit card, you don't have to worry about keeping track of multiple reward categories - thatCapital One credit cardoffers a flat 1.5% cashback on every purchase you make.
You'll also earn 5% cash back on hotels and car rentals booked through Capital One Travel. And as a new cardholder, you can earn $100 cash back when you spend $100 on purchases within the first three months of opening an account. The card has no annual fee or foreign transaction fees.
How do we choose these cards?
There's no single credit card that's best for everyone, so we've chosen cards that excel in certain common spending categories, like groceries, gas, and meals. We also realize that some people may preferinterest free credit cardsor onerewards cardaboutluxury credit cards, so we've picked a few options for those based on the length of the promotion. And offering an option tostudent credit cardsit was also important.
And though there are more heavy blowstravel credit cardsout there, these cards often charge high annual fees and don't always have reward rates that align well with everyday spending habits.
Ultimately, we try to focus on a combination of rewards cards that offer a chance to maximize rewards in certain categories, along with some cards that provide a high reward rate on everything.
How to make the most of everyday credit cards
Since these cards stand out in popular everyday spending categories, it's a good idea to use them frequently to maximize your rewards. Just be sure to avoid spending more than you can afford to pay off in full each month, and if the card offers a welcome bonus, choose one you can stick to without going over your budget.
Also, note that some of these cards offer low reward rates on non-bonus spending. If you want to make the most of your daily spend, consider pairing two or more cards that outperform in different areas to accrue rewards faster.
If you're still wondering which credit card you should be using on a daily basis, the answer depends on what makes sense for you based on your spending habits, lifestyle and preferences. The more cards you compare, the easier it will be to find the best one for your wallet.
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About the author:Ben Luthi is a freelance personal finance writer and credit card expert. He holds a BA in Business Administration and Finance from Brigham Young University. In addition to Credit Karma, you can find your w…See More Information.
The Chase 5/24 rule is an unofficial policy that applies to Chase credit card applications. Simply put, if you've opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card.Which credit card is best for daily use? ›
|Top 10 Credit Cards||Annual Fee||Best Suited For|
|Amazon Pay ICICI Credit Card||Nil||Online Shopping & Cashback|
|InterMiles HDFC Signature Credit Card||Rs. 2,500||Travel|
|Standard Chartered EaseMyTrip Credit Card||Rs. 350||Travel|
|Axis Bank Vistara Signature Credit Card||Rs. 3,000||Travel|
- Wells Fargo Active Cash® Card: Best for 2% cash rewards.
- Discover it® Cash Back: Best for category variety.
- Chase Sapphire Preferred® Card: Best for valuable travel rewards.
- Capital One SavorOne Cash Rewards Credit Card: Best for dining and entertainment.
The Chase 5/24 rule is an unofficial policy that applies to Chase credit card applications. Simply put, if you've opened five or more new credit card accounts with any bank in the past 24 months, you will not likely be approved for a new Chase card.What is the #1 rule of using credit cards? ›
The most important principle for using credit cards is to always pay your bill on time and in full. Following this simple rule can help you avoid interest charges, late fees and poor credit scores. By paying your bill in full, you'll avoid interest and build toward a high credit score.What is the best credit card for the average person? ›
- Discover it® Student chrome: Best for Rewards for college students.
- Mission Lane Cash Back Visa® Credit Card: Best for Prequalification + up to 1.5% cash back.
- Capital One QuicksilverOne Cash Rewards Credit Card: Best for Flat-rate cash back.
Only have a credit card if you pay in full each month.
This is the single most important rule of credit cards. Your best financial move is to repay your credit card balance in full each month. Otherwise, you will be subject to high interest charges.
Individuals with a classic FICO score above 795 use an average 7% of their available credit. As your revolving debt climbs, your credit score will begin dropping — long before it reaches the recommended utilization limit of 30% of your available credit.How many credit cards should you have at once? ›
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.What are the 4 major credit cards? ›
The four major credit card networks are American Express, Discover, Mastercard and Visa. American Express and Discover also issue their own credit cards which differentiates them from Mastercard and Visa who are solely card networks.
WalletHub, Financial Company
Visa and Mastercard are the most widely accepted credit cards. Visa credit cards can be used at 44 million merchant locations in more than 200 countries and territories. Mastercard credit cards are accepted at 37 million merchant locations in more than 210 countries and territories.
The cards with the highest overall credit limits, Chase Sapphire Reserve® and Chase Sapphire Preferred® Card, are points cards, so they win this category as well. A few well-heeled applicants will qualify for six-figure limits, but most will qualify for limits closer to the $5,000 to $10,000 minimum.What is the single biggest credit card trap for most people? ›
The minimum payment mindset
Here's how most people get trapped in credit card debt: You use your card for a purchase you can't afford or want to defer payment, and then you make only the minimum payment that month. Soon, you are in the habit of using your card to purchase things beyond your budget.
What is the spending limit on the American Express Black Card? There is no spending limit with the Amex Black Card.What is the rarest credit card in the world? ›
The rarest credit card in the world is likely the Centurion® Card from American Express, also known as the “Black Card.” This card is available by invitation only, and you will reportedly need to spend at least $250,000 per year on other Amex credit cards and have an income of $1 million+ to get it.What is the 2 3 4 credit card rule? ›
Here's how the rule works: You can be approved for up to two new credit cards every rolling two-month period. You can be approved for up to three new credit cards every rolling 12-month period. You can be approved for up to four new credit cards every rolling 24-month period.
The 15/3 credit card payment rule is a strategy that involves making two payments each month to your credit card company. You make one payment 15 days before your statement is due and another payment three days before the due date.
The 5/24 rule states that if you have been approved five or more credit cards in the last 24 months, you will automatically be denied for any Chase credit card products. This is to prevent consumers from applying to credit cards solely for the welcome bonus and closing the account before the annual fee comes due.What store card can I get with a 620 credit score? ›
The best store credit card you can get with a 620 credit score is the Amazon.com Secured Credit Card, which has a $0 annual fee and offers 2% cash back on Amazon purchases if you are a Prime member. It requires a minimum security deposit of $100, making it easier to get with bad credit.How many credit cards is a good amount? ›
Credit bureaus suggest that five or more accounts — which can be a mix of cards and loans — is a reasonable number to build toward over time. Having very few accounts can make it hard for scoring models to render a score for you.
The average FICO® Score is unchanged from the September 2021 average of 714, but that stability belies the broad economic indicators over that time, which showed that markets and economic conditions were anything but steady through 2022. A credit score of 714 is generally considered good by lenders.Is it good to use credit card for daily use? ›
You can use a credit card for everyday purchases to build credit and to earn rewards for the spending you already do. But remember that you should only use a credit card for purchases you can afford to pay back and make on-time payments to avoid damaging your credit.Is it better to use credit card for daily spending? ›
Making everyday purchases with a credit card offers a variety of benefits. Credit cards offer convenience, security and opportunities for cardholders to earn cash back and other rewards. Always check the card's terms or call the number on the back of the card to find out reward and bonus details.Is it good to use a credit card for everyday purchases? ›
When used responsibly, credit cards allow you to earn cash or other rewards for the things you buy every day. Plus, they can be valuable budgeting tools that let you easily see where your money goes each month and make any necessary adjustments.What is an everyday credit card? ›
An everyday spending credit card could be a useful way of staying in control of your finances. Usually come with a low interest rate on purchases. Can help you manage your essential expenses and regular bills.What items should you not purchase with a credit card? ›
- Mortgage Payments. ...
- Small Indulgences. ...
- Cash Advances. ...
- Household Bills. ...
- Medical Bills. ...
- College Tuition. ...
- Your Taxes. ...
It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.What is the smartest way to use a credit card? ›
- Pay off your balance every month. ...
- Use the card for needs, not wants. ...
- Never skip a payment. ...
- Use the credit card as a budgeting tool. ...
- Use a rewards card. ...
- Stay under 30% of your total credit limit.
A good guideline is the 30% rule: Use no more than 30% of your credit limit to keep your debt-to-credit ratio strong. Staying under 10% is even better. In a real-life budget, the 30% rule works like this: If you have a card with a $1,000 credit limit, it's best not to have more than a $300 balance at any time.Is it bad if I don't use my credit card a lot? ›
The bottom line
Credit card inactivity will eventually result in your account being closed, so it's a good idea to maintain at least a small amount of activity on each of your cards. A closed account can have a negative impact on your credit score so consider keeping your cards open and active whenever possible.
Payment history — whether you pay on time or late — is the most important factor of your credit score making up a whopping 35% of your score.How many times a month should I use my credit card to build credit? ›
The brief answer? Use each credit card one or two times a month (and pay them off in total) to maximize your credit score. In general, credit card companies tend to avoid closing your account unless there is at least a year of inactivity.Does it matter how many times I use my credit card? ›
You should use your credit card at least once every three months to keep it active. However, make sure you use it more often than that if you want your credit score to improve at a faster rate. Not all issuers have the same policies when it comes to credit card inactivity.How often should I use my credit card to keep it active? ›
How often should I use my credit cards to keep them active? There is no universal minimum, but experts recommend using your cards at least once every 6 months. If you want to play it safe, use them at least once every 3 months, especially if the cards are store credit cards. Every credit card issuer is different.What is the most common used credit card? ›
Of the four main types of credit cards—Visa, Mastercard, American Express and Discover—Visa is by far the most common, making up 52.8% of cards in circulation.How many credit cards should I have 24? ›
Credit bureaus suggest that five or more accounts — which can be a mix of cards and loans — is a reasonable number to build toward over time. Having very few accounts can make it hard for scoring models to render a score for you.How do I get an everyday card? ›
- Download the Everyday Rewards app.
- Add your Everyday Rewards Card to Apple Wallet.
- Add your Everyday Rewards Card to Google Pay.