Do you want to have all the information about credit cards? From Responsible Economy we will show you what credit cards are, what they are for and which are the best. We start!
What are credit cards and what are they for?
Credit cards are a means of payment. We show you a list with all its uses and then we develop each point:
- Payments
- Credit
- Cashback
- Credit score
Payments
The main function of credit cards is to make payments online and in physical establishments. We can make any purchase around the world thanks to credit cards. Just 40 years ago this was unthinkable.
Credit
Credit cards allow you to finance purchases in the same way as personal loans. You can make purchases and pay at the end of the month without interest and you can also finance purchases for up to 2 years by paying interest or fees. If we finance purchases we must be careful because interest is 30% APR.
Cashback
One of the coolest things about credit cards is the cashback service. For each purchase you make, you earn a percentage that can go up to 5%. Imagine saving money on each purchase made just by paying with the card. You have to review all cards that offer cashback.
Credit score
As you already know, the credit score is very important in the United States because it will allow you to finance yourself with low interest. Credit cards improve your credit score as long as you are a good payer.
Best credits cards
We have made a ranking with the best credit cards that you can contract in the United States:

- Fees: $0
- Cashback: 1,5%-6,5%
- Bonus: up to $300
- Credit Score: 690-850

- Fees: $0
- Cashback: 2%
- Welcome bonus: $200
- Credit Score: 690-850

- Fees: $95
- Cashback: 1x-5x
- Welcome bonus: 60.000 points
- Credit Score: 690-850

- Fees: $0
- Cashback: 1%-10%
- Welcome bonus:$200
- Credit Score: 690-850

- Fees: $95
- Cashback: 2x-5x
- Welcome bonus:75.000 miles
- Credit Score: 690-850

- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: up to $300
- Credit Score: 690-850

- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: $200
- Credit Score: 690-850

- Fees: $0
- Cashback: up to 3%
- Welcome bonus: $200
- Credit Score: 690-850
Types of credit cards
There are different types of credit cards. You have a list with the different credit cards:
- Travels
- Cashback
- Low interest
Travel credit cards allow you to withdraw money from ATMs around the world without fees and also make purchases without fees in other currencies.
Cashback cards are the ones that give you discounts on every purchase you make. If you spend a lot, these cards may be perfect for you.
If you are going to have to finance purchases, low interest credit cards should be your main option.
Frequent questions
Here we answer all the questions you may have about credit cards:
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Updated the day 10 February, 2023 by Alfredo Barandiarán
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