If you’re like most people, the thought of getting a new credit card doesn’t usually excite you. You may be worried about how it will affect your score or if there are any restrictions. This is why we’re giving you an Editor’s Choice Award for The Best New Credit Card of the year 2021! We’ve done all the research and picked out some great cards to help get rid of those worries. Let’s take a look at the winner!
What is the Editor’s Choice Award for The Best New Credit Card of 2021?
The editor’s choice award for the best new credit card 2021 was created to help consumers better decide which credit card they would like to apply for and use moving forward into their financial future.
Consumers need unbiased reviews so that they may understand what each credit card offers, how well it works, any fees associated with using them as well as whether or not APR interest rates are worth paying overtime periods such as monthly payments vs. bi-annual payments, etc., among other things too numerous to mention here today.
This award is different from other awards such as Best Credit Card of 2018 or 2019 because it is based upon several factors that borrowers need to know about. It’s not just based on popularity, votes, etc., but also heavily weighted towards what consumers are demanding and looking for when applying for a credit card.
Capital One® VentureOne® Rewards Credit Card
Capital One VentureOne Rewards Credit Card is the Editor’s Choice Award winner for the best new credit card of 2021. it has a 20,000-mile bonus after spending $1000 in three months and an unlimited one percent on all purchases.
Some other features include an annual fee, no foreign transaction fees, and a balance transfer fee. In addition, this particular reward program offers unlimited miles with every purchase you make on this favorite travel rewards credit card.
The intro rate also applies to all purchases you make within the first 12 months from the account opening date. For example: if your monthly spend averages $1000 per month, you will earn around 100 airline miles or 128 hotel points that can be redeemed at over 500 leading hotels worldwide!
All these features sound great. Well, there is more good news too! When it comes time to redeem your miles, you will receive a 20% discount on any miles redeemed if you choose to fly with the airline of your choice. This fantastic feature allows for significant savings and budget travel, making it the best airline credit card!
Do I need good credit?
No one likes spending money they don’t have, but it happens. Thirty million Americans spend more than they make each month. If you are one of them, applying for a credit card with rewards can help get your finances in order by earning free items, travel discounts, and more!
Credit Score ranges are based on FICO® credit scoring. This is just one scoring method, and a credit card issuer may use another form when considering your application. These are provided as guidelines only, and approval is not guaranteed.
What is the best way to apply?
The application process takes less than 15 minutes online. However, if approved, don’t forget that this will be a credit card, and you will be required to make a minimum payment each month.
This is important because if you miss your due date, there are fees associated with this action! So keep in mind the deadlines for payments and how much time it takes for money transfers when applying for these products.
Can I get approved?
Credit card issuers like capital one venture, chase sapphire, and American express platinum constantly updates their credit card offers to stay competitive. That’s why it is important for borrowers who want the best new credit cards of 2021 to pay attention.
Many credit card companies only give out cards to people who have very high scores, but there are ways around that. There are several types of unsecured personal loans that you can apply for if your score is not what it should be yet.
These offers allow you to get approved without paying an upfront fee which many traditional lenders require when giving out a loan.
Suppose you need to make some extra cash or take care of renovations in your house before applying. In that case, these might work well for you until things turn around with your score and other financial responsibilities like car payments and mortgages!
Why did this card win the award?
What makes this card so great? The answer to those questions is because it offers low-interest rates and an enormous sign-up bonus. It has no annual fee, either.
This card has over twenty-one thousand reviews on google. This particular reward program offers unlimited miles with every purchase you make on this favorite travel rewards credit card. The intro rate also applies to all purchases you make within the first 12 months from the account opening date.
Major credit bureaus are included in this card for free. This is also a cashback credit card, and it can help you save thousands of dollars per year! Credit card rewards can be used in any airline, car rental, and hotel.
How to get your hands on this card?
The process is not very complicated. You can apply and get the card in a matter of minutes, but you must be over 18 years old to do so.
There are no hidden fees or pre-payment penalties, which makes this credit card great for both new borrowers and those with good credit scores who wish to save some money on interest rates!
The APR rate that we offer is quite competitive compared to other cards out there on the market today – it’s only 12% (V), but if you want something lower than that, check our Platinum Plus card offering 13% (V) instead!
On top of all these goodies offered by our best new credit cards, 2021, they also come loaded with beneficial travel and purchase protection benefits, including travel medical insurance for those traveling, rental car coverage, and much more.
What are the fees for this card?
A foreign transaction fee of three percent. A late fee of $35 or five percent of the balance, whichever is greater. Modest annual fee.
What are the pros of this card?
The Capital One Venture Rewards credit card is a good option for travel and cash rewards, making it one of the best travel credit cards. The sign-up bonus alone will get you two free hotel stays at any of their hotels worldwide! This offer has been going on since March 2018, so hurry before it ends soon!
Also, this card offers unlimited miles that never expire, which means that even if you don’t use the card in months or years to come, its value won’t diminish. It also doubles as a co-branded Marriott Bonvoy credit card giving customers access to Marriot’s exclusive benefits such as room upgrades when available and a complimentary breakfast buffet every day, among other things.
Another great feature about this product is how easy it is to redeem your points because there are no blackout dates and travel restrictions. You can use your points to book almost any flight, hotel, or activity you want!
Ongoing rewards are also very generous. You’ll get two points for every dollar spent on all purchases and no limit! The $0 introductory fee for balance transfers is another significant advantage that will help you save money if you need to pay off your debt faster than usual.
Additionally, there’s an introductory 15 months at 0% APR on purchases and no annual fee making this product ideal even if you don’t plan to transfer any debt from other cards shortly.
What are the cons of this card?
- Other cons include slightly lower rates than competing products, but they remain competitive enough, especially when considering all the benefits and perks you get with this card.
- This card does not give cash back on grocery store purchases, unlike chase ultimate rewards.
- Also, the $95 annual fee is waived for the first year, making it a great choice even if you plan to keep your account open indefinitely since its benefits will outweigh the cost of an annual fee in just twelve months!
So overall, The Capital One Venture Rewards credit card is a great product that offers more benefits than some competing products on the market. If you’re looking for a card with no annual fee, unlimited rewards, and easy redemption options, then this credit card is perfect for you!
How to use it responsibly?
The first thing to look for is the APR. The lower, the better, as this will save you money in the long run. Additionally, there are no annual fees involved which can be a bonus depending on your spending habits and what else you’re looking at with a credit card company.
Lastly, we want to see how much cashback gets rewarded to our rewards account each month and if it’s easy enough (and not too time-consuming) to redeem those points for something meaningful like travel or shopping discounts within reason, of course, given that everyone has different financial goals, so one size does not fit all here!
Whatever type of consumer behavior is associated with people who use their cards responsibly should find these great benefits helpful when applying for such a card. In addition, eligible purchases for cashback rewards include almost anything you buy with your card.
The best credit card of 2021 is a significant investment. The type of borrower interested in this product is an experienced borrower who has good or excellent credit and wants to gain more points on their rewards credit cards. This is a perfect choice for people who want to save money or are looking for an investment. Several credit card issuers like Capital One offer great deals like this one.