Credit card points, rewards, and perks can be a great way to reduce your expenses and put money back into your pocket. You can do a lot, including paying off debt, saving for an emergency fund, saving for retirement, or even building up your cash flow to increase your business’s bottom line.
Many credit cards in Michigan provide their cardholders plenty of perks aside from just giving them the access to buy things and save money. Credit card companies want to encourage consumers to use their products and get involved with these cards for a long period by using these perks.
American Express Blue Cash Preferred
American Express is a cashback credit card with an annual fee of $95. You earn 6% cashback at U.S supermarkets up to $6,000 in purchases per year, 3% at U.S gas stations and select major department stores, and 1% on other purchases. The APR for this card is 0% for 12 months. After the intro period ends, the APR goes up to 15.24%, 20.24%, or 25.24% variable.
Chase Freedom is a good starter credit card for people who want to establish their credit history and earn rewards. And the kicker: after spending $500 in 3 months, you get a $200 bonus which means an extra 20% return.
You get 5X points on up to $1500 in combined purchases in quarterly categories when you activate. In addition, using your Chase Freedom card for everyday expenses like groceries, gas, restaurants, and more automatically earns 5% back on those purchases.
Capital One Performance Select
Earn 50,000 bonus points, which is worth $500 in travel. Introductory 0% APR on purchases for nine months. No annual fee for the first year ($59 after that), no foreign transaction fees. 2x miles per dollar on all purchases. 9 months Balance Transfer APR: 15.99%, 17.99% or 19.99%* (variable)
Bank of AmericaTravel Rewards Credit Card
You earn 25,000 bonus points by making at least $1,000 in purchases in the first 90 days.
For every $1, You earn 1.5 points, No annual fee, and no foreign transaction fees, and your points don’t expire.
Chase Sapphire Preferred
Chase Sapphire Preferred gives 2x the miles on travel and dining, 1x everywhere else. The card’s annual fees are $450 but offer 3x on these categories instead of only 2x. Both earn you 1 point per dollar spent on everything, with no foreign transaction fee.
Wells Fargo Cash Back College
Wells Fargo College Visa Card is a secured card with a $2,500 limit. You can earn 1% cashback on your purchases and up to $1,000 in cashback rewards if you make the minimum payment on time during your first six months. After that, the variable APR will be 9.74% – 19.74%. There’s no annual fee, and there is a 0% APR for six months on balance transfers made within 60 days.
Capital One Secured MasterCard
Capital One MasterCard is one of the best-secured cards because there’s no annual fee, and your security deposit doesn’t affect your credit. Your deposit could be returned to you when you close the account if it’s more than the credit limit.
You’ll also get access to Capital One Credit Tracker, which lets you track on-time payments on your monthly statement, installments, or last payment amount.
The best credit card perks in Michigan are numerous and plentiful. There’s always a reason to reward your existing customers or attract new ones with so much competition. Credit cards are useful in numerous ways, and they can help you build credit, earn rewards, and avoid accruing interest.
You get so many perks to having an account with a credit card company. One of them is the ability to use your card at thousands of locations across the country and rack up points or cashback on your purchases. You can choose between three types of credit cards: cashback, rewards points, or travel rewards. No matter which type you prefer, you can earn points or cashback when purchasing at select retailers.