The post Best Visa Credit Cards by Anna Yen appeared first on Benzinga. Visit Benzinga to get more great content like this.
Credit cards make payments easier. You don’t need to carry money around or jump through hoops to make online purchases. Yet credit cards offer more than just convenience. Whether you are shopping around for generous perks, sign-up bonuses or to bump up your credit score, chances are you will find a Visa credit card to fit your lifestyle.
Below, Benzinga has listed some of the best Visa credit cards available.
Quick Look: Best Visa Credit Cards
- Best for No Annual Fee: U.S. Bank Visa Platinum Card
- Best for Balance Transfers: Wells Fargo Reflect Card
- Best for Cash Back: Chase Freedom Unlimited
- Best for Rebuilding Credit: Chime Credit Builder Secured Visa
- Best for Travel: Chase Sapphire Reserve Card
- Best for Commuters: Credit One Bank Platinum X5 Visa
- Best for Students: Bank of America Unlimited Cash Rewards
- Best for Low Monthly APR: CoreFirst Platinum Visa
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What Are the Best Visa Credit Cards?
Are you looking for low rates or extra perks? You will find plenty of options with Visa.
1. Best for No Annual Fee: U.S. Bank Visa Platinum Card
U.S. Bank Visa Platinum
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U.S. Bank Visa Platinum offers a balance transfer calculator to assist in deciding the transfer amount while taking into consideration the current APR rate. The card provides a wide range of benefits in addition to balance transfers such as fraud protection, cell phone protection, flexible payment dates and access to your credit score. The card provides a low introductory APR rate of 0% for balance transfers and offers U.S. Bank ExtendPay. No clearly stated credit limit is published, but the card works well for people with good-to-excellent credit scores.
- Best For:
Good to Excellent Credit
- Provides balance transfer calculator
- Mobile wallet ready
- Fraud protection
- Balance transfer fee of 3% of the transfer or a $5 fee
Keep a little more money in your pocket with U.S. Bank Visa Platinum Card. With no annual fee and a 0% introductory annual percentage rate (APR) on purchases and balance transfers for 21 billing cycles, you can hold onto more of your cash.
Pros
- No annual fee
- Long introductory 0% APR term
Cons
- Regular APR ranges from 18.74% to 29.74%
- Balance transfer fee of 3%
- Good to excellent credit score
- No rewards
2. Best for Balance Transfers: Wells Fargo Reflect Card
Wells Fargo Reflect Visa® Card
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The Wells Fargo Reflect® Card offers a competitive introductory APR rate of zero which appeals to individuals that need APR rates to stop increasing. The card offers roadside assistance and cell phone protection, which better protect individuals against unforeseen incidents. However, the card does have a higher APR rate once the introductory rate ends.
- Best For:
0% Intro APR
- Cell phone protection up to $600
- Provides 24/7 roadside assistance
- Liability protection
- Minimum service charge of $69.95
- Not able to obtain introductory APR rate if opened Wells Fargo account within 15 months of application
Are you tired of watching credit card interest drive up your balance? The Wells Fargo Reflect Card features a 0% introductory APR on purchases and balance transfers for up to 21 billing cycles. When you transfer balances from other credit cards to your Reflect Card, you can avoid expensive interest costs. Just be sure you can pay off your balance before the introductory period ends, or you may face costly interest.
Pros
- No annual fee
- 0% introductory APR on balance transfers and purchases
- Personalized deals
- Cell phone protection up to $600
Cons
- Incur a 5% fee when transferring balances
- APR 18.74% to 29.99%
- Good to excellent credit
3. Best for Cash Back: Chase Freedom Unlimited
Chase Freedom Unlimited® Credit Card
Chase Freedom Unlimited® allows customers to earn 5% cash back when purchased through Chase Ultimate Rewards. The card also offers 3% cash back on drugstore purchases as well as dining, restaurants and delivery. Other purchases earn 1.5% cash back. Member FDIC.
- Best For:
Cash Back on Travel
- 5% cash back on travel
- 1.5% cash back on other purchases
- Late fees up to $40
You can earn some generous rewards with the Chase Freedom Unlimited Visa card. Every qualifying purchase can land you between 1% and 5% of cashback. Plus, you get a $200 bonus if you make $500 in qualifying purchases during the first three months.
Pros
- Earn 1% to 5% cash back
- Unlimited cashback match
- 0% APR for 15 months
Cons
- 20.49% to 29.24% APR
- Cashback is limited to $12,000 in annual purchases
4. Best for Rebuilding Credit: Chime Credit Builder Secured Visa
A Chime Credit Builder Secured Visa can help you get your credit score back on track. Your Secured Visa acts like a debit card because you can only spend up to what you have set aside. The difference is that your payment activity gets reported to the credit bureaus.
Pros
- No credit check
- No security deposit
- No annual fees
Cons
- Must open a Chime bank account
- No rewards
5. Best for Travel: Chase Sapphire Reserve Card
Chase Sapphire Reserve®
The Chase Sapphire Reserve® card is an excellent option for military personnel as its $550 annual fee is waived for military members. Plus, it offer massive rewards options that include Priority Pass Select membership grants you access to over 1,000 airport lounges worldwide; $300 travel credit on your credit card anniversary every year; 10X points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards®; 5X points on air travel when you purchase travel through Chase Ultimate Rewards®; 3X points on dining and other travel; Up to $100 credit for Global Entry, TSA and Nexus.
- Best For:
Military Personnel
- Multiple layers of rewards
- Military personnel can collect rewards for travel
- Airport lounge access
- High annual fee for all other users
If you regularly travel for work or pleasure, why not earn some extra points along the way? With Chase’s Sapphire Reserve Visa, you earn 10 points for every dollar spent on hotel and car rentals and 5 points for every dollar spent on flights. You still earn 1 point for every dollar spent outside the travel categories.
Pros
- Introductory offer of 60,000 bonus points
- Earn 10x total points on hotel and car rentals
- Earn 5x total points on flights
Cons
- $550 annual fee
- No 0% introductory APR offer
- 22.49% to 29.49% APR
6. Best for Commuters: Credit One Bank Platinum X5 Visa
If you commute or just put a lot of miles on your car, you could earn some extra cash with a Platinum X5 Visa. Each year, you can earn 5% cash back on up to $5,000 of eligible gas, groceries, mobile phone, cable, internet and satellite TV services, with 1% earned after that.
Pros
- Earn points on everyday purchases
- Average to excellent credit score
Cons
- Annual fee
- 29.24% APR
- No introductory offers
7. Best for Students: Bank of America Unlimited Cash Rewards
The Unlimited Cash Reward Visa card from Bank of America gives students access to credit while away from home. This Visa card offers financial education tools to help students understand the importance of credit and establishing good financial habits.
Pros
- No annual fee
- 0% introductory APR
- Cashback rewards
Cons
- 3% foreign transaction fee
- 18.24% to 28.24% APR
8. Best for Low APR: CoreFirst Platinum Visa
If you have excellent credit, you can catch a low 11.75% APR with the CoreFirst Platinum Visa. The card features a six-month introductory 1.9% APR for purchases and balance transfers. You earn 1 point for every $1 spent on qualifying purchases.
Pros
- Low APR
- No annual fee
- Reward program
Cons
- Need an excellent credit score
- Short introductory APR period
What Is a Visa Credit Card?
A Visa credit card lets the holder borrow funds to buy goods and services without needing cash. Cardholders are billed monthly for the charges made. The cardholder pays interest if the balance isn’t paid completely by the due date.
Banks and other financial institutions offer Visa credit cards. Some credit cards offer perks like reward programs, low APRs or no annual fees.
Types of Visa Credit Cards
Visa credit cards provide benefits and protections based on different tiers, as follows.
Visa Classic
The Visa Classic or Visa Traditional card makes paying for purchases and services easy. Cardholders have access to such protections and benefits as:
- Emergency card replacement
- Roadside dispatch
- Zero liability for unauthorized purchases
- Emergency cash disbursement
Visa Gold
A Visa Gold card expands the benefits offered under the Classic tier, along with such other features as:
- Extended warranty coverage
- Purchase protection
- Global ATM network
Visa Platinum
The Visa Platinum adds such features as:
- Price protection
- International emergency medical services
- Travel benefits and concierge services
- 24/7 customer care
Visa Signature
A Visa Signature card offers expanded protection for trips and purchases.
Notable Signature Visa features include:
- Travel accident insurance
- Baggage delay reimbursement
- Hotel theft protection
- Cell phone protection
- Price and return protection
Visa Infinite
The Visa Infinite card offers the highest level of benefits. You get the benefits of all earlier tiers, plus:
- Rental car privileges and discounts
- Airport lounge access
- Trip cancellation and trip interruption reimbursement
- Travel and emergency assistance services
- Trip delay reimbursement
The Pros and Cons of Owning a Visa Credit Card
Consider the pros and cons to ensure you can benefit by opening a Visa credit card account. Features vary by tier and the credit card issuer.
Pros
- Safer to carry than cash
- Increase your purchasing power
- Widely accepted
- Build credit
- Reward programs
- Purchase and pricing protection
Cons
- End up in debt if you can’t pay off your balance when due
- High interest rates
- Fees
Key Differences Between Visa and Mastercard
Both Visa and Mastercard are globally accepted methods of payment. You will find many similarities between both cards’ features, benefits and protections. While Visa and Mastercard process payments through their networks, only Mastercard issues credit cards. Visa cards are issued directly from banks or other financial institutions.
Choosing the Best Visa Credit Card
Picking the best Visa credit card often comes down to your financial goals. Whether you want to earn a little extra rewards cash or points or fix your credit, you are bound to find the right Visa credit card to fit your needs.
Frequently Asked Questions
Is Visa a credit card issuer?
Visa is not a credit card issuer. Instead, Visa operates as a payment network facilitating a purchase between the merchant and the bank issuing the credit card.
Answer Link
What is the highest rank of Visa card?
Visa Infinite is the highest-ranked Visa card.
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Which one is better, Visa or Mastercard?
The choice between Visa and Mastercard comes down to personal preference. While Visa has issued more credit cards than Mastercard, both are globally accepted. Whether you choose Visa or Mastercard, both offer similar features, perks and protections.
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Do Visa credit cards offer purchase protection or extended warranties?
Visa Signature and Visa Infinite offer purchase protection and extended warranties on qualified purchases.
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The post Best Visa Credit Cards by Anna Yen appeared first on Benzinga. Visit Benzinga to get more great content like this.