Money Management

8 Credit Cards You Should Have If You Have Excellent Credit

Do you have excellent credit? If so, there are some great credit cards out there to reward you for your thriftiness. Some of the greatest features of these credit cards include low APR, great cash back rewards, and other perks.

Chase Sapphire Preferred Card

Chase Sapphire’s Preferred Card is the premiere card for those with outstanding credit. We found that this card gives 40,000 points when you spend $4,000 within the first three months. Also, you get another 5,000 points when you sign up another user and they complete a purchase. With a generous 14.99% APR and fee-free first year, Chase’s Sapphire Card also lets travelers enjoy a 1:1 point transfer program. 1,000 Ultimate Rewards points equal 1,000 points or miles with a partner company. Simply put, this rewards program exists with no other credit card.

MLB Bank Americard Cash Rewards MasterCard Credit Card

If you are an avid baseball fan, this credit card is a great tool to supplement your plastic portfolio. The card is available themed after each of the 30 MLB teams. The cash back perks of this credit card are great. After you spend $500 within the first 90 days of your account, you get online-exclusive $100 cash reward points. Other generous cash back options include 1% back on every purchase, 2% at grocery stores, and 3% on gas for the first $1,500 in grocery store and gas purchases made each quarter. Another great feature of this credit card is the variable APR of 12.99% – 22.99% on purchases and balance transfers.

Capital One Venture Rewards Credit Card

Are you on that threshold of good/excellent credit? If so, the Venture Rewards from Capital One is a great tool for increasing your credit. This card is for frequent fliers. You get a one-time bonus of 40,000 frequent flier miles once you book $3,000 on purchase within the first three months, a $400 cash value. You also get access to a free credit tracker, so you can chart your way to excellent credit. Finally, your miles never expire on this card and there are no blackout dates.

Discover it

The fan of Discover credit cards may enjoy their premium card for customers with excellent credit. If you sign up for Discover it through March 2015, you are eligible for 5% cash back on gas and ground transportation for up to $1500 in purchases. Also, there is 1% cash back on all other purchases. Frankly put, Discover is one of the best credit card companies for customer service, receiving the J.D. Power and Associates “Highest in Customer Satisfaction with Credit Card Companies” in 2014. Many of the premiere credit cards for people with excellent credit have an annual fee. However, Discover it does not charge an annual fee for its customers.

Chase Slate

Every once in a while, even those of us with great credit need a card that is especially friendly to balance transfers. This card features an introductory balance transfer fee of $0 for the first sixty days. Future balance transfers cost 3% of the amount transferred, with a minimum of $5. This card is also easy to get if your credit ranges from good to excellent and is a great way to reach the “excellent” credit level. The Chase Blueprint program also has several features that let you track your credit, unique to the credit industry:

  • “Full Pay” lets you lower your interest rate by paying off different purchase categories each month.
  • “Split Pay” lets you have flexible payment options for paying off large purchases.
  • “Finish It” is a feature that lets you eliminate your monthly credit card balances.
  • “Track It” lets you view your expenditures every month by purchase category and also lets you budget with your card.

Barclaycard Ring MasterCard

For those who qualify, the Ring MasterCard from Barclaycard is probably the most attractive credit card. This card has zero fees for balance transfers. This card has the lowest interest rate available, with 8% variable annual APR. Also, Barclaycard pays you for good performance, allowing responsible cardholders the opportunity for a little payback. The card also has no balance fees, and customers have a wide array of selections that they can set for this truly innovative credit card.

 

Any of these credit cards are a great fit for people with excellent credit. Also, many of the cards on this list have low or no balance transfer fees. You can easily transfer the balance of another credit card to help keep your excellent credit rating. Also, many of the cards on this list allow people with good credit to work towards getting an excellent credit rating.

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