Best credit cards for easy purchases: no fees, low APR

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Most credit cards are not easy. In fact, I’ve been studying and writing about credit cards since 2008, and even I am sometimes confused by the complicated terms that apply to their rewards and benefits.

Fortunately, this does not apply to all credit cards as some issuers satisfy their customers’ demand for basic, uncomplicated cards – this makes it easy to understand the fees and how to earn rewards and get the most of them.

Why consider a simple credit card?

There are hundreds of credit cards available only from the major issuers, and maybe tens of thousands more if you include all of the smaller banks and credit unions in the United States Reward cards, Cards for the construction loan, and cards branded with retailers and travel companies, many Americans just want a “plain vanilla” card. A simple credit card may sound tempting if all you want is a secure and convenient method of payment and if you can accept that the tradeoff for simplicity is that you get few extras.

A simple credit card is one that is easy to understand and doesn’t have any complicated rewards and benefit programs to decipher. Having a basic credit card means you will get little or no rewards for your expenses. But this is also good for those with modest shopping needs and others tempted to spend too much and run into debt. Because simple credit cards often lack many of the features and benefits of their more complicated competitors, simple cards should offer fewer fees and lower interest rates.

Best simple credit cards

PenFed Gold VISA® card. PenFed is the Pentagon Federal Credit Union, the second largest federal credit union. It was established to provide financial services to families of military and defense workers. Today, no military service is required to join PenFed and be approved for this simple card. the PenFed Gold Visa offers low prices and fees and very little else to worry about. There is no annual fee, no cash advance fee and no foreign assignment fee. What it offers is an extremely low APR (7.49% to 17.99%) depending on your credit rating. This card does not offer any rewards, but new applicants may receive $ 100 credit after spending $ 1,500 within 90 days of opening the account. It also offers new applicants 0% APR on balance transfers for the first 12 months of their account.

Capital One Platinum Card. This is a simple card available to people with fair credit who want to build or rebuild their credit history and improve their credit history. As with most simple credit cards, there are no annual fees or international transaction fees. While your account may only be approved with a modest line of credit initially, Capital One will automatically consider you for a higher line of credit in just six months. There are no rewards for this card, which has a standard interest rate of 26.99% APR.

Citi Simplicity® card. The name says it all: Citi clearly targets those who want an uncomplicated credit card. The Simplicity Card not only has no annual fee, but also no late fees. As expected, it does not offer any rewards, but new applicants receive 18 months of 0% APR on both new purchases and balance transfers with a remaining 3% transfer fee. The offered interest rates of 14.74% to 24.74% based on your credit rating are exactly between the PenFed Gold and the Capital One Mastercard.

Bottom line

If you don’t want a “relationship” with your card issuer, or if you spend your evenings reviewing the fine print of a card’s promised rewards and benefits, then you may just need a basic credit card. By looking at one of these simple cards, you will quickly find the one that best suits your needs.

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A credit repair company could improve your chances of getting approval.

Credit repair companies like Credit Saint specialize in finding and fixing errors in your report to improve your credit score.


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