Quick Answer: Which Credit Card Is Best For Middle Class?

What color is the highest credit card?

platinum cardA platinum card will usually be a bank’s top-tier/most expensive card, second only to a Diamond or Black card if the lender offers either of these.

It will usually be a rewards credit card..

How can I get a credit card below 15000 salary?

15000 per month – Deal4loans….First Check which are the 4 basic documents you have to provide to the bank at the time of fill the application form:3 Months Salary slip.Income tax return document (ITR or Form 16)Pan Card.Latest bank statement where the salary credited is for minimum 3 months.

Which bank is best for low income?

Summary of Best Free Checking AccountsBankNerdWallet RatingMonthly FeeSchwab Bank High Yield Investor Checking® Read review4.5 /5$0Capital One 360 Checking® Read review4.5 /5$0Discover Bank Cashback Debit Read review5.0 /5$0Alliant Credit Union High-Rate Checking Read review4.5 /5$07 more rows•Jan 15, 2020

Which credit card is accepted the most?

VisaWalletHub, Financial Company Visa and Mastercard are the most widely accepted credit card networks. Visa credit cards can be used at 44 million merchant locations in more than 200 countries and territories. Mastercard credit cards are accepted at 37 million merchant locations in more than 210 countries and territories.

Which credit card is best 2020?

The Best Credit Cards of 2020Citi® Double Cash Card: Best No Annual Fee Card.Blue Cash Preferred® Card from American Express: Best Cash Back Card.Chase Sapphire Preferred® Card: Best All Around Travel Rewards Card.Savor® Rewards from Capital One®: Best for Dining and Entertainment.More items…•

Is Mastercard a credit card or debit card?

The Debit Mastercard is a debit card. It uses the same systems as the standard Mastercard credit card but does not use a line of credit to the customer, instead relying on funds that the customer has in their bank account.

Is there a credit card with no limit?

Fortunately, there are credit and charge cards that allow you to make the charges you need. If your credit score is good enough, you might be able to score an “unlimited credit card”—one without a preset spending limit.

How do I choose a credit card for the first time?

Here are several things to consider when choosing your first credit card.Do Your Research. … Ensure You Have Steady Income. … Choose Wisely. … Read the Fine Print. … Consider a Secured Credit Card. … Avoid Cards That Require Excellent Credit. … Use Loans to Your Advantage. … Become an Authorized User.

What is a good annual income when applying for a credit card?

A good annual income for a credit card is more than $31,000 for a single individual or $61,000 for a household. Anything lower than that is below the median yearly earnings for Americans. However, there’s no official minimum income amount required for credit card approval in general.

How can I build my credit fast?

Steps to Improve Your Credit ScoresPay Your Bills on Time. … Get Credit for Making Utility and Cell Phone Payments on Time. … Pay off Debt and Keep Balances Low on Credit Cards and Other Revolving Credit. … Apply for and Open New Credit Accounts Only as Needed. … Don’t Close Unused Credit Cards.More items…•

What credit card does Bill Gates use?

American ExpressIt’s just easier.” The frugal billionaire revealed that he has at least one credit card though – “I’ve got an American Express card which I got in 1964.” His empire – Berkshire Hathaway – owed 17.9% of American Express as of the end of 2018.

Which bank is best for credit card?

Best Credit CardsBankList of Popular Credit CardsSBISBI Card PRIME, SimplySAVE SBI Card, IRCTC SBI Platinum Card, Yatra SBI CardHDFC BankJet Privilege HDFC Bank World Card, Regalia Card, Freedom Card, Platinum Times CardAxis BankMy Zone Card1 more row

How do I choose a credit card?

Decide what you’ll use the card for. … Determine whether you’ll be carrying a balance. … Look at your spending habits. … Consider the type of rewards most useful to you. … Determine what type of credit card is right for you. … Review the key terms and fees. … Decide whether paying an annual fee makes sense.More items…

What are the top 5 credit cards?

Best Credit Cards of September 2020Citi® Double Cash Card. Cash Back.Chase Sapphire Preferred® Card. Bonus Rewards.Chase Freedom Unlimited®. Good Credit.Capital One® Venture® Rewards Credit Card. … Blue Cash Preferred® Card from American Express. … U.S. Bank Visa® Platinum Card. … Bank of America® Cash Rewards Secured Credit Card. … Petal® Visa® Credit Card.More items…

What is the hardest credit card to get?

American Express Centurion CardWhy it’s one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.

Is Visa better than Mastercard?

The truth is both types of cards are widely accepted abroad, and are therefore better choices for international travel than Amex or Discover. As noted above, Mastercard may offer a slightly better exchange rate than Visa, but if you don’t travel frequently, it probably won’t make a huge difference.

What places dont accept Mastercard?

Mastercard is not accepted at retail chains such as Costco that have an exclusive agreement with another card network. Mastercard credit cards also can’t be used to pay a credit card bill, but no credit cards can be used for that.

Which credit card is best for low income?

Best Credit Cards in India for People with Income Below Rs. 25,000Credit CardAnnual FeeAre you Eligible for this Card?HDFC Times Titanium Credit CardRs. 500Check EligibilityHDFC MoneyBackRs. 500Check EligibilityCiti® Cash Back Credit CardRs. 500Check EligibilitySBI SimplyCLICKRs. 499Check Eligibility2 more rows•Mar 9, 2020

What credit card do millionaires use?

American Express Centurion Card The American Express Centurion Card is the most exclusive credit card in the world and is commonly known as the original black card. Launched in 1999, American Express has kept it in a shroud of uncertainty, giving it a very high level of status in the minds of consumers.

What is a good credit card for a beginner?

Best Starter Credit CardsCredit CardBest ForRatingCapital One® Platinum Credit CardNo Deposit5.0 / 5Capital One® Secured Mastercard®No Credit History5.0 / 5Journey® Student Rewards from Capital One®Students5.0 / 5Capital One® QuicksilverOne® Cash Rewards Credit CardCash Back4.7 / 51 more row•Aug 7, 2020

What are the four different types of credit cards?

The four major credit card networks are American Express (Amex), Discover, Mastercard, and Visa.