Cards

We'll do the research. You collect the points.

Money360 team has compared hundreds of credit cards to rank the best of the best. Explore the top-rated options to find your ideal card.

Cards 101

Not sure where to start? Here are a few basics:


Difference between points and miles on a rewards credit card?

There is no difference. Points or miles refer to the currency you build as you use your credit card. The more purchases you make with your card, the more points you can earn. You can then redeem those points for rewards such as discounted airfare, hotels, and other travel expenses. Some cards will also allow you to earn cash back. Rewards cards tend to carry annual fees as well as interest. So being strateigic is key toward getting the most out of your card.

Difference between a charge card and a credit card?

A charge card is similar to a credit card – only you don't pay interest and you don't earn rewards. It's used strictly for the purchasing of goods and services. A credit card allows you to earn rewards and build credit as you make purchases. Also, a credit card normally allows you to carry a balance from month to month. A charge card does not.

Can I have more than one active credit card account at once?

There is no limit to the number of credit cards you can have. More cards doesn't equal a higher credit score. But a lot depends on your credit utilization rate. Using too much of your card's credit limit can hurt your credit score.

What is credit utilization?

Credit utilization measures the amount of credit you use per the limit on your card. If your card has a credit limit of $1,000 and you spend $300, your credit utilization ratio is 30%. A 30% ratio is considered to be a good rate of credit utilization. Anything above that could have an impact on your credit score.

Difference between a secured credit card and an unsecured credit card?

Similar to a loan, a secured credit card carries collateral – usually a deposit in the amount of the card's credit limit. If you have a lower credit score and you want to build it up again, getting a secured credit card is usually the preferred method. An unsecured card has no deposit attached. Both do carry interest.

Latest Cards Articles

Personal Debt Is Not a Tool

Perhaps the single biggest reason that people get themselves into a deep debt hole is that they buy into the…

Trent Hamm
Trent Hamm
Jun 23, 2019
Shop Your Way to Better Credit? Amazon Introduces a Credit Builder Card

The Amazon Credit Builder card could be a good fit for people with thin credit profiles, but there are some…

Mia Taylor
Jul 3, 2019
How Consolidating Credit Card Debt Impacts Your Credit Score

When it comes to credit cards, your best bet is always to pay your balance in full every month. Unfortunately,…

John Ulzheimer
John Ulzheimer
Jun 6, 2019
The Apple Credit Card Is Hyping Features You Probably Have Already

Apple is once again preparing to bring a shiny new product to market, and there’s plenty of buzz about it,…

Mia Taylor
Apr 5, 2019
74 Million Americans Have More Credit Card Debt Than Savings: What to Do If You’re One of Them

America’s compulsion for credit card spending appears to be reaching entirely new heights. A recent report from Bankrate found that…

Mia Taylor
Mar 26, 2019
Three Rules for Earning Credit Card Rewards Without Harming Your Credit

Have you ever heard of the term credit card “churning?” It’s a process where someone signs up for a bunch…

John Ulzheimer
John Ulzheimer
Mar 6, 2019