Although there are a number of different credit cards that can be chosen by individuals all over the world, there is actually a small list of decent credit cards that you should stick with during your selection process. All credit cards are not the same, and different cards come with different kinds of perks and features that you can use to your advantage. Depending on the kind of shopping you do on a regular basis, a card that specialises in certain types of purchases at certain stores could be the right card for you.

At the end of the day, you just need to be able to find something that will put some extra cash in your pocket when 2013 is over. Here are some of the credit cards that you should look into if you want low rates of interest and extra rewards.

Best Credit Cards

Borrow Without Any Interest

If you are thinking about taking on a new project in your home or spending a bit more money than you have in the bank right now, then you may want to look into an interest-free credit card. Although the lack of interest payments will not be around forever, there are plenty of cards that will come without interest for the first few months or perhaps an entire year.

The best choice for this kind of card right now is the Tesco Clubcard Credit Card. You will not have to worry about interest on any of the purchases you make with this card for up to 16 months. This means that you could purchase all the supplies you need for a home improvement project without having to worry about payments for over a year. The closest rival to this card from Tesco is the M&S Credit Card. This card will give you the ability to enjoy interest free purchases for 15 months.

Get Some Cash Back with Your Credit Card

One of the main positive benefits of having a credit card is that you are usually able to get some cash back on your purchases. Whether you are a big spender or someone who barely spends any of their money during the course of a month, you should be able to find a card that is packed with some extra bonus points.

One of the best cards when it comes to getting cash back is the Barclaycard Cashback Visa. You will be able to earn an amazing 6% cashback with this card on your top five purchases from your first three months with the card. It should be noted that purchases for this bonus are capped at £120. Once your first few months with this card have passed, you will then continue to earn 2% cashback on your top purchases each month. In addition to this extra cashback when you spend big, you will also receive 0.5% cashback on everything else. When you use this card wisely, it is hard to find another way to earn as much cashback on a regular basis. Since the Barclaycard Cashback Visa comes with an annual fee, you may want to also look into the American Express Platinum Cashback Everyday Card. You will get 5% cashback on everything during your first three months with the card, and you will enter a tier cashback system after those first months have gone by. In the long run, you will be able to earn between 0.5% and 1.25% cashback with your future purchases.

Find the Card that Fits Your Life

As you can see, there are a few different cards that come with specific perks that are targeted to niche users. To get the best deal on your credit card, you are going to need to find the one that fits your lifestyle. The best card for everyone else may not be the best card for you, so you need to do some extra homework if you want to find that perfect card. Once you find the card that comes with no annual fees, extra bonus points for your favourite stores and extra cashback on your favourite items, you will know that you have found the perfect credit card for 2013.


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Tim Capper

Bringing you financial news and information in plain english for Maple Leaf Financial. My aim is to help readers understand these often complex financial instruments.