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Сredit cards for november 2022 in the United States

Apply for a credit card. On 27.11.2022 you have access to {{subcategory.numberOfProductsInCurrentCity}} credit cards. Increase your chances of getting money — fill out a multi-application with a free credit rating check.

Offers: 3

Updated:
13.09.2022
08:35
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Upgrade Triple Cash Rewards Visa® card
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500 to $25,000**
Rate
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Effective interest rate on the product

8.99%-29.99%
Submit your credit card application online
Submit your credit card application online

Take advantage of our credit card selection system with a free credit check!

Upgrade
Upgrade Cash Rewards Visa®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

$0.00
Upgrade
Upgrade Bitcoin Rewards Visa®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

8.99%-29.99%

Credit card online application in the United States

Define the conditions and choose an appropriate bank card

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500 $
15000 $
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Other credit cards offers

Speedy Cash
5
Maria
Maria
23.11.2022 at 06:34
Accidentally, when making a mistake with the document number, I had to contact customer support and solve this problem, it's good that they work quickly and I didn't have to wait long, I had to...
Review
Target Cash Now
0
Tanya N
Tanya N
22.11.2022 at 08:29
When applying, you will need to specify a large amount of data, including data about the employer, but these are all formalities and if your income is permissible, then the decision will most likely...
Review
NetCredit
5
Danil K
Danil K
22.11.2022 at 07:54
When I applied for a serious loan amount for a period of 5 years instead of the standard days of consideration, it turned out as much as three days, but the main thing is that I managed to get money...
Review
Big Picture Loans
5
Anastasia
Anastasia
16.11.2022 at 08:39
To get a decision on the application, you will have to wait about an hour, but it's not that long, I know other organizations that consider applications up to a day...
Review
CashNetUSA
5
user_109355
user_109355
13.11.2022 at 15:49
It is not always possible to meet your budget with unforeseen expenses, so you have to turn to creditors for financial assistance...
Review
Arrowhead Advance
2.4
Mateo J
Mateo J
11.11.2022 at 09:06
I still have a not very pleasant feeling about this company. The company is not licensed, is not a legitimate lender. This suggests fraud. It is important for me that everything is legal and stable...
Review
Сredit cards for november 2022

What is a credit card?

A credit card is a type of facility provided by banks or other financial services that allow customers to borrow funds within a credit limit. It enables cardholders to make purchase transactions on goods and other services with merchants that accept particular types of credit cards for payments.

With credit cards, besides a line of credit, customers may also get money in the form of cash advances available through ATMs, bank tellers, or other financial options. Cash advances usually have higher interest rates and different loan terms than credit lines. Borrower loan amounts typically depend on the customer's individual credit score, credit history, and other eligibility factors. 

How credit cards work

Credit cards offer customers credit lines they can use to make purchases online or in stores, balance transfers, cash advances, and pay bills. For that, clients must make the minimum payment every month by the due date on the balance. 

The process of using a credit card is straightforward. When customers use a credit card, financial institutions send the card details to the merchant's bank. Then it gets authorization from the credit card network, and the card issuer verifies the client's information by approving or declining the transaction.

If approved, the merchant receives the payment, and the card's available credit is reduced by the transaction amount. At the end of the billing cycle, the card issuer sends customers a statement with all the transactions for the current month, the previous balance and new balance, the minimum payment due, and the due date.

If customers fully pay the bill by the due date, they will be charged with no interest. However, if clients carry a balance for longer, as stated in the statement, the card issuer can charge the interest. The APR (annual percentage rate) includes the customer's interest rate and other costs, such as an annual fee. 

Note that most credit cards have a variable APR. So, the rate on the credit card may change over time, depending on several factors. 

If clients delay payments to the credit card for 60 days or more, a penalty APR can reach 30%. So, customers should be very precise in making their payments on time. 

Pros and cons of credit cards

A credit card is a convenient financial product that can be used for everyday purposes, emergencies, building credit, earning rewards, and many other services and life situations.

Pros

  • Earning multiple rewards, such as cash back, miles points, discounts on purchases, and many other benefits. That may be especially useful to customers who have a high amount of spending. 

  • When applying for credit cards, customers can check their credit scores for three using various available reliable sources.

  • Credit cards can be a valuable alternative to bank accounts during customers' travels. As there may not be enough funds in the bank account to pay to reserve a vehicle or rent a room, credit cards can provide clients with the required funds.

  • A credit card is not linked to a customer's checking or savings account and offers special fraud alerts to prevent personal information leakage. Hence, there is less risk of fraud and stealing of clients' accounts by thieves.

  • Many credit card issuers provide customers with a free fraud liability guarantee when they use their credit cards. That means that customers won't be responsible for any fraudulent charges made with their cards. 

  • A card provides customers with comprehensive personal and travel accident coverage insurance coverage.

  • Credit cards can help with budgeting through various relevant tools the issuer offers.

  • Customers can get good credit ratings from various credit rating agencies by making regular payments to credit card issuers. Hence, that will make lenders more likely to lend to clients and provide them with a good interest rate. 

  • A credit card is a marvelous option for emergencies as it usually provides customers with an emergency fund with enough money to cover 3 to 6 months in case of any medical emergency or other unexpected events. So, it is the choice that gives flexibility in emergencies. Customers have to keep their balance low‌.

Cons 

  • Credit cards imply many fees, including annual fees, balance transfer fees, limit fees, and late fees. 

  • Credit cards can negatively impact the customer's credit score depending on the client's payment history, usage of credit, inquiries for new credit, and many other factors. In some cases, if the customer does not prove their creditworthiness and reliability and makes late payments, it may negatively affect the customer's credit score and credit history.

  • If customers buy something and don't pay it off immediately, they will have to pay not only the purchase price but also the interest on that item. In that case, all customer's purchases will cost much more than initially.

  • The amount of money customers use monthly to pay credit card bills could be used alternatively to build savings or advance other financial goals. Hence, there is always an opportunity to save for other crucial goals instead of paying high fees. 

  • If customers have many credit cards with balances close to or at the limit, it may negatively affect their credit scores. Hence, clients may need to pay a large amount of money and handle extra charges. In terms of the interest rates customers can get for other types of credit, such as a mortgage or car loan, that will be a wise financial decision to consider. 

Credit cards are very handy in emergencies. They aren't the best option, but they can help cover an unexpected expense if customers can not afford to pay it with savings. 

Types of credit cards

Banks, credit unions, and other financial institutions offer a great range of credit cards. The main types include Visa, Mastercard, Discover, and American Express. The staggering success of these types of credit cards comprises significant incentives, such as gift certificates, hotel room rentals, airline miles, and many other advantages. 

Another type of credit card is secured, assuming the cardholder will secure the card with a security deposit. It offers limited lines of credit that are equal in value to the security deposits. After customers reasonably prove their reliability using the cards, they may get a refund. These cards will be a great suit for customers that have limited or poor credit histories and scores.

There are also unsecured credit cards that have many positive aspects, such as no requirements for security deposits or collateral. That can make the customer's approval for the credit card much easier and save time. Clients must consider that these types of credit cards usually offer higher lines of credit and lower interest rates than secured credit cards.

How to choose a credit card

To make a wise choice of a credit card that corresponds to the customer's needs and financial goals, clients must consider several major aspects.

  • First, future credit cardholders have to check their credit score. The better the customer's score, the greater the possibility that they will be approved for the desired credit card. There are a couple of ways to check a credit score. Services, where credit card issuers can get their free FICO credit score and check the credit score, include three major credit bureaus, such as Experian, Equifax, and TransUnion, and a federally authorized site, AnnualCreditReport.

  • Second, customers must identify which type of credit score is the most appropriate. There are three general types of credit cards: the ones that help improve credit when it's limited or damaged, the ones that save money on interest, and the ones that earn rewards. Considering their financial situation and goals, customers have to choose the best-suited card that will meet all their needs. 

  • Note that this type of card generally requires a security deposit of $200 or more, which is returned when customers upgrade the account or close it in good standing.

  • Customers who want to save on interest can also opt for low-interest, 0% APR or balance transfer cards. That can be a good match for customers that want to plan to use their credit card in case of emergencies or if they have an irregular income and carry a balance. A balance transfer offer can help customers pay off a high-interest debt interest-free. In most cases, this option is available to customers with a high credit score and good creditworthiness.

  •  As for clients that want to earn rewards or fully pay off the balance without the interest, rewards, travel, or cash back, cards will be a marvelous option as they offer great sign-up bonuses and give points, miles, or cash back on every dollar a customer spends. Nonetheless, these types of cards typically have higher APRs. 

  • Another way to choose the best credit card is to filter the results according to the customer's credit score, monthly spending, and questions based on their individual income situation.

How to apply for a credit card

Choosing a lender is a rather challenging task that includes many things that should be considered. 

  1. The most paramount criterion is the annual percentage rate (APR), the borrowing cost on the card accrued if customers fail to pay the whole balance off monthly. Be sure to compare the APR for different cards from various lenders before making the final decision. Also, the lender's fees, charges, and incentives.

  2. Another crucial criterion is minimum repayment. Get to know how much you will need to repay to be able to repay a minimum amount if you don't do not have a chance to make a payment. It is typically around 3%.

  3. Get to know the amount of the annual fee. Some lenders charge an annual fee, whereas others have a more frequent charge. Find out how much you will be charged and how often you need to pay.

  4. Introductory interest rates for balance transfers. If comparing cards, look at how long the introductory rate lasts as well as the interest rate it changes to at the end of the introductory period.

  5. Loyalty points or rewards. Most credit cards offer points that depend on the spent amount. That is a paramount criterion, as customers can use rewards to buy various goods. Hence, check how and where you can use the rewards with a particular lender and decide for yourself if it is appropriate.

  6. Be sure to find out the amount of cash back various lenders offer to get the money refunded to the card. In addition to that, check that you can qualify for the cash back with the particular lender. As a rule, customers can apply if they pay their balance in full every month.

To apply for a credit card and get approved, customers first have to get pre-qualified, compare all the available offers from various companies and financial institutions, and finally choose the best card for their needs. After that, they can apply online, by phone, in person, or by mail. 

The approval process usually takes from one business day to a few weeks, and, in most cases, customers get to know whether they qualify for the loan in 10 to 14 days. 

As for required documents, customers usually have to attach their name, address, Social Security number, income, bank account information, and monthly housing payment on the application. Some additional information may also be required. 

If the customer's application is rejected, they must define the reason for that or ask the company's representatives for reconsideration. Otherwise, customers can also try to apply with the other lender. Moreover, clients can opt to become authorized users on the other account. After completing the approval process, getting a credit card generally takes 7 to 10 business days. Clients can get credit cards either by mail or expedited delivery. 

Ways to use credit cards

There are many various ways to use credit cards wisely. 

  •  First, customers have to pay their credit bills on time. Otherwise, credit cards impose a very high interest rate on customers' outstanding balances. Hence, it may hurt the client's credit score.

  • Another way to use a credit card wisely is to avoid using it at an ATM, as ATM withdrawals have large charges.

  • Judging by the experience of many customers, customers shouldn't sign up for a co-branded card. However, if there is no other alternative, customers should examine all the rewards carefully before signing up for such cards.

  • Customers also have to keep their credit card details secured. So, before using credit cards, they must know how to use the card properly to know all the underwater stones and be ready to confront fraudsters. Basic security rules include having a security pin, a CVV number, OTP, and expiry dates. Moreover, be careful not to swipe the card in any public place except POS machines and ATMs.

  • When looking for a card, be sure to learn the fee structure. The fee should be reasonable and correspond to the number of benefits provided. Furthermore, note that many cards allow a fee reversal if clients spend a certain amount annually. 

  • Another paramount rule for using a credit card is not settling for the minimum payment. To avoid large penalties and high interest rates, customers must fully pay their bills on time. Also, clients must clear their full credit card balance on time.

  • To avoid high-interest rates, if customers use their credit cards for everyday purchases, they have to not overspend and use a credit card only for things they can afford. Also, customers must make sure they can fully pay off all that they put on the card monthly. 

  • Regular credit history of payments is the most paramount factor determining the credit score. Hence, setting up autopay for the payment will help customers build their score much faster and avoid late fees. 

  • In addition, to avoid accrued credit card debt, customers have to pay off the balance in full monthly. 

  • Having a low credit utilization rate is also advantageous to get better credit scores. For that, customers must pay off their monthly balance or keep it below 30%.

FAQ

What are 3 types of credit cards?

The 3 main types of credit cards depend on the card's special features, functions, interest, terms of use, and other conditions. So, there are rewards, low-interest, balance transfer cards, and credit-building cards. Also, there may be small business credit cards and college student credit cards. When deciding which card to use, customers must first consider their major goals for the card's usage, the monthly payment they will need to make, the interest, and the terms it has.

What is a credit card used for?

A credit card has a great number of functions. For instance, it can be used to set a budget and automatic payments, track purchases, pay off bills, regularly check statements, and get rewards.

What is the meaning of a credit card?

Credit cards offer customers credit lines they can use to make purchases online or in stores, balance transfers, cash advances, and pay bills. For that, clients must make the minimum payment every month by the due date on the balance. Different credit cards depend on the customer's personal purpose. For instance, there may be rewards for credit cards, low-interest, balance transfer cards, and credit-building cards.

What type of credit card is best?

A couple of credit cards are the main leaders of credit cards. One of them is Wells Fargo Active Cash Card, which provides such significant benefits as a $200 cash rewards bonus, zero interest rate for 15 months, 2% cash rewards, qualifying balance transfers, and high competitive variable APR. Other benefits of different credit cards include low balance transfers of approximately 3% and zero annual fees. This type of credit card also offers highly effective cell phone protection against either damage or theft.