A credit card is a specific kind of payment card that customers (cardholders) are given to enable them to pay a merchant for goods and services based on the amount of available credit.

The credit card limit is the maximum amount that a person can charge to their credit card. The issuing company establishes this limit.

Wells Fargo Active Cash® Card

You can earn an endless amount of 2% cash rewards on purchases with the Wells Fargo Active Cash® Card and pay no annual fee.

This card stands out from many of its rivals due to its flat rewards rate, and it’s also one of the few 2 percent cash rewards cards to offer both a welcome bonus and an introductory APR on qualified purchases and balance transfers. In addition, paying your cellphone bill with this card every month protects your phone from damage or theft. There are many flexible redemption options available to you, and there is no minimum requirement to begin redeeming cash rewards. With Visa Signature Concierge, take advantage of a premium selection of advantages at some of the most fascinating and prestigious hotel properties on earth.

The drawback of getting this card is that you can only use cash rewards for reward redemption; you cannot transfer rewards to travel partners. Some cash rewards cards have less stringent spending requirements associated with their sign-up bonuses.

Chase Freedom FlexSM 

Pay no annual fee and take advantage of a rotating quarterly category that, when activated, offers 5% rewards up to a combined quarterly maximum of $1,500. Plus, you can get a travel rewards rate that rivals some of the best premium travel cards. This card also has a generous rewards rate in several other categories. For example, you could earn a $200 bonus after spending $500 on purchases in the first three months after opening your account. Plus, get 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. What’s more, there is no minimum required travel rewards rate, and a rate that rivals some of the best premium travel cards is also available. Additionally, this card offers generous benefits and remains valid as long as your account is active!

This card’s drawback is that reservations for travel must be made through Chase Ultimate Rewards® in order to qualify for the card’s 5% cash-back reward.

Capital One Venture X Rewards Credit Card

With features that put it squarely in competition with other high-end credit cards, Capital One’s most premium travel card is also priced far below the competition. In addition, if you spend $4,000 in the first three months of opening your account on purchases, which is equivalent to $750 in travel, you’ll receive 75,000 bonus miles.

It charges a lower annual fee than other products in its category. Even just the annual travel credits and anniversary miles could be enough to justify the annual fee. Also, Miles are easy to earn and easy to use

The card’s disadvantages include the absence of domestic airline and high-end hotel travel partners, the young age of the Capital One lounge network, and the lack of hotel status benefits.

Discover it® Cash Back

Earn up to the quarterly maximum of 5% cash back on typical purchases at a number of establishments, including Amazon.com, grocery stores, restaurants, and gas stations, without paying a yearly fee. Additionally, you will automatically receive 1% cash back on all other purchases, indefinitely. 1 dollar can be redeemed for every 1 dollar you get in cash back.

This traditional cash-back card could be very profitable if your spending is varied and you don’t mind doing some extra work. Cardholders benefit from a cash-back match at the conclusion of their first year, in addition to a varied list of rotating 5-percent cash-back bonus categories. The predictability and effectiveness of your rewards potential are also increased by Discover being one of the few issuers to release its quarterly categories a full year in advance.

Customers value Discover credit cards’ accommodating terms, which don’t charge an annual fee for purchases made abroad. There is almost no minimum requirement for reward redemption, and there is no cap on the total cash back.

The disadvantage is that the rotating cash-back categories are constantly changing and might not all be the best fit for your spending. Your earning potential decreases after the first year, when the Cash Back match is no longer available.  

The Platinum Card® from American Express

The $695 annual fee for the Platinum Card is intended for frequent travelers who want to make the most of the extensive package of luxury travel benefits and Platinum Concierge service. The astronomical annual fee of the traditional status card is perfectly acceptable in the right hands.

The following are just a few of the benefits of using this card: High reward potential on travel arrangements made through American Express Travel; Multiple credits can help offset the cost; Comprehensive access to airport lounges; Luxury travel benefits; and Elite status with Hilton and Marriott upon enrollment.

The Very High Annual Fee, the Need to Work Hard to Maximize Statement Credits, and the Subpar Rewards Rate Outside of Travel for a Premium Card are the drawbacks.