The 4 Best Credit Cards

Learn about 4 popular credit cards and discover if one is right for you.

By Reader’s Digest Editors

Cardratings.com recently released its picks of the top credit cards of 2010 in several categories. Here are 4 to take a look at.

BEST CARDS FOR EARNING REWARDS POINTS
Chase Sapphire Credit Card/American Express ZYNC Charge Card

Spend just $500 in your first three months as a Chase Sapphire cardholder and you’ll earn $100 cash back or even more in merchandise or travel credit. Speaking of travel, you’ll earn double points for qualifying travel booking. The ZYNC card is a charge card, so it’s great for those who pay off their balance each month and want to customize their rewards program based on their interests. It also grants exclusive cardmember experiences and bonus points in the American Express Membership Rewards program.

BEST CREDIT CARDS FOR BAD CREDIT
Citi Secured MasterCard/Orchard Bank Classic MasterCard

The first card offers credit limits up to $5,000 based on linked savings account deposits, one of the highest limits available for secured credit cards, as well as a low annual fee of $29. The Orchard Bank Classic MasterCard is designed for people with the worst credit and also boasts a low annual fee—rare for cards that cater to those with debt problems. Just make sure to pay on time and stay within your limit. Just because they grant you the card doesn’t mean they won’t come after you if you don’t play by the rules.

BEST CARD FOR YOUNG PEOPLE
MySpace Forward Card
Along with waiving the annual fee and offering a generous 0 percent APR teaser period, the MySpace version of the Citi Forward Visa encourages cardholders to take action with 12 resolutions around responsible spending and community involvement.

BEST PROGRAM FOR CHARITABLE TYPES
Capital One Charitable Giving Site

When you donate to charity using a credit card, 3 percent of what you give may be eaten by merchant fees. But sign up at the Capital One charitable giving site and the bank passes fee-free transactions from its cardholders directly to any of over 1.2 million eligible charities. Through a partnership with Network for Good, Capital One’s giving site also connects charities to free and discounted online services that can minimize the cost of accepting credit cards and managing e-mail appeals.

For more information—and to see cardratings.com’s recommendations in such categories as Best Low Interest Card, read “Editor’s Choice Awards: Best Credit Cards of 2010.”

Source: cardratings.com

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