Looking for the best credit cards of 2022? There tends to be a negative haze clouding the use of credit cards however, when used responsibly, credit cards can actually work for you.
From miles to points to cash back and rewards, credit cards will pay you to use them. But how will you know what credit card is the right one for you?
The key is to figure out how you want your credit card to work for you.
Do you want a zero percent interest rate for a certain time?
Perhaps you are a frequent flier and need miles to help cover some flights? Or maybe you just want cold, hard cash back.
Let’s take a look at all the best credit cards of 2022 and see which one will work the best for you.
When cash back is your priority, there are a myriad of choices among credit cards.
According to CNBC’s comparison of 50 cash-back credit cards for 2022, their top choice is the Chase Freedom Unlimited.
With a $200 intro offer and 1.5% back on every purchase, you’d think that was enough to take the cake, but there’s more!
This card also offers up to 5% back on groceries and travel, along with 3% back on dining and drugstore purchases.
Best Credit Card for Students 2022
When sending a child off to school, it can offer some parents comfort to give them a credit card for emergencies.
You want to be cautious and offer an abundance of advice to your student when they make this step.
You’ll find excellent tips for guiding your student when you read our article: Discover Student it Card – Why Your Teen Should Apply.
Out of the best credit cards of 2022 for students, the Discover Student It card rests at the top.
This credit card offers 5% back from different businesses every 3 months. On all other purchases throughout the year, cardholders will earn 1% cash back.
The best perk is that this card doesn’t require a credit score to qualify, thus making it perfect for students.
Not only does it make it possible for a student with no credit history to actually acquire a credit card, it builds their credit as well.
After the first year, if the student is disciplined, their credit score should be outstanding.
If you’re hesitant to apply for a credit card because you know your credit score is not great, then you need to check out the best credit card of 2022 for bad credit.
The Discover it Secure Credit Card hits the top of the chart.
With no annual fee and an extremely competitive 10.99% intro rate on balance transfers, you couldn’t ask for a better card to help you get out of debt sooner.
In addition, the rewards are outstanding for including 2% back for fuel and dining and 1% cash back on everything else.
Best Credit Cards Rate
With many credit card interest rates hovering around the 20% mark, give or take a couple, you might want to check out the best credit cards of 2022 with the lowest rates.
Discover it Chrome rests at the top with an 11.99% APR.
Now, the catch to getting and holding onto that low rate is a good credit score. This card requires a 670-850 score to get a lower rate.
A close second is the BankAmericard credit card with a low of 12.99% APR.
This card charges no annual fee, like the Discover it Chrome, and it is currently offering a $100 bonus credit.
Just like the Discover card, it does require a good to excellent credit score.
There are several good credit cards that stand out among their competitors for 2022.
The Chase Freedom Unlimited credit card offers excellent cash-back incentives on groceries, travel, dining, and drugstore purchases.
In addition the intro APR is 0% for 15 months and balance transfer fee is on par at 3% or $5, whichever is higher.
A tough competitor is the Citi Double Cash Card.
This card earns a spot among the best credit cards of 2022 because it offers an impressive 2% cash back on all purchases.
In addition, you’ll have 0% interest for 18 months on balance transfers and a potentially low regular APR of 13.99% after. All of this comes with zero annual fees.
Best Credit Cards Now
Although it is a personal preference of what credit card will be best for you, it is always a good idea to shop your options.
Travelers will find the best credit cards now are the ones that offer sign on bonus miles like the Discover it Miles card that matches all the miles you earn your first year.
Balance transfers are a smart option if the fee is low and the intro APR is long.
The Citi Simplicity Card is your best option with 21 months of 0% on balance transfers with a 5% fee.
And for those looking for the best cash-back, the Chase Freedom Unlimited is definitely the one to choose.
A whopping 5% back on groceries and travel, 3% back on restaurants and drugstore purchases, and 1.5% back on all purchases outside of those categories, along with a $200 cash back after initial spending, will put the green back in your pocket.
In Conclusion: Best Credit Cards of 2022
As you review these best credit cards of 2022, it is important to remember to be disciplined with any credit card you use.
It doesn’t take long for a credit card balance to get out of control and it is not a good place to be in debt with such high interest rates.
Stick to a budget and remember to pay off your balance each pay cycle and you’ll come to love your credit card not loathe it.
Do you have a favorite best credit card of 2022? If so, let us know in the comments below.