A personal credit card is a way to pay for products and services using “credit” or a set sum of money provided by a lender. As the card owner, you will be responsible for paying the money back and any fees, rates, or other items required.
When looking for a personal credit card, it is important to consider the annual rates and any benefits or perks that will work with your life and goals. Cash back can also be a great feature. Consider your personal spending habits, goals, and what is most applicable to your situation and lifestyle.
The interest rate you get will depend on the market at the time and your credit score and history. But don’t let an interest rate scare you away from a good credit card. Interest rates are only part of the equation. There are also annual fees, perks, how variable your interest rate will be, and any payback terms. Each of these should be considered and not just whether a credit card interest rate appears to be good.
Choose the card that best meets your needs. Think through what expenses you have and your spending patterns. Do you need to make any large purchases? Also, evaluate which benefits and features make sense for you. Are you looking for cash back? Do you need to transfer balances from another card? Will you need Travel Services? These factors go into the decision when choosing the best card for you.
The best personal credit card is the one that gives you the flexibility to buy what you need, pay back the amount on terms you can afford, and has benefits that will help you do more to achieve your goals.
1We group similar merchant category codes into Purchase Categories that are used to calculate the stated rewards. We make every effort to include all relevant merchant category codes in the listed Purchase Categories. However, even though a merchant or the items that it sells may appear to fit within a Purchase Category, the merchant may not provide us with the merchant code that will fall within that Purchase Category. Because of this, we cannot guarantee that a purchase will qualify for more than the standard 1 point per dollar spent as any purchase where a merchant uses a category code outside of the eligible Purchase Category does not qualify for additional cash back rewards.
2For BHG MORE Mastercard, 2% cash back per $1 spent on gas, groceries, charitable and social service organizations; and 1% cash back per $1 spent on all other purchases. For BHG WORLD Mastercard, 3% cash back per $1 spent on dining and charitable and social service organizations; 2% cash back per $1 spent on travel: airlines, hotels, Uber and Lyft; and 1% cash back per $1 spent on all other purchases. Rewards are earned as points that can be redeemed for cash back in the form of a statement credit. For details on the Rewards Program, please see the Rewards Program Agreement. Rewards options are subject to change without notice.
3The Rewards Bonus period begins on the date your account is approved and ends 90 days later.
Subject to credit approval. Ask for details.
The BHG Mastercard® is issued by Blue Ridge Bank, N.A. pursuant to a license by Mastercard International. Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated.