What are the common features of the best credit cards?

Answered on October 06, 2021
Updated on October 06, 2021
The content is accurate at the time of publication and is subject to change.
Amy Miller Amy Miller
With so many credit card issuers, there is quite a lot of competition between credit card companies to get customers, especially those with decent and good credit ratings. Millions of new credit card accounts are approved by all the credit companies every year. However, deciding upon the best credit cards could be quite confusing for the customers, which is why they should look for certain features which are common to the best credit cards. The best credit cards are always characterized by their lower interest rates. The credit cards with the lowest rates are offered to those who have the best credit history. The lower the annual percentage rate, the lesser will be the interest one will have to pay in case, there was an outstanding balance after the billing cycle. However, for those who believe in regularly making all their bill payments, the annual percentage rate doesn`t really matter. For those customers, the best credit cards are those which have good rewards such as cash back offers, airline miles and discounts at reputed hotel chains and restaurants. The best rewards and the highest percentage of cash back offers are once again reserved for those customers who have the best credit rating, which is why maintaining a very good credit history is extremely important. The best credit cards also provide very good security and protection measures. To start with these credit cards offer zero liability insurance, which will allow credit card customers to deny payment of fraudulent transactions which appear on their monthly expense report. There is also round the clock monitoring of the card to detect any fraudulent use, which when found leads to the card being frozen immediately, along with an alert message for the credit card owner. The best credit cards also provide very good customer service and support all the time. In fact, some of the cards offer a hotline number on which the customer can call to report a lost or stolen card immediately. This will ensure that there is no misuse of the card and it is replaced as soon as possible to prevent any sort of inconvenience for the credit card customer. The best credit cards also provide insurance to the customers, especially for travel. Coverage is provided for accidents or even for unfortunate events like lost or misplaced baggage during travel, which would normally put the customer in a lot of discomfort. The best credit cards, hence always aim to solve problems for the customers instead of creating new ones. Use our Card Match Tool to find the best credit card offer for you.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

User Comments about This Question


There are a lot of good credit card offers but what is the best credit card for you depends on your credit score and your preferences. First of all, know your credit score to find the right credit cards to choose from and to qualify for a credit card. Secondly, consider your preferences to understand what type of card fits you best. You may be looking for a credit card with rewards, with low interest rates or no annual fee. For example, rewards credit cards are good for those who spend a lot, but ensure that the fees you pay on your rewards card are something that is worth the money. Look...
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In general, a card with an annual percentage rate, or APR, above ten percent will not be considered a low-interest credit card. If you're looking for a card that offers a good APR, you'll want to stay away from store credit cards and focus your search on cards that are issued by larger networks, such as American Express, MasterCard, and Visa. Regular consumer credit cards that you can get from big banks like Citi, and Bank of America will give you a good deal on your APR, especially if you have good credit. Many cards look at your credit report before offering you their premier credit card or...

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There is a credit card for any credit and for any purpose. Whether you want to start building your credit from scratch or earn rewards on purchases, save on gas or travel for free, you can find a good credit card offer for that.