Today's Money: Best Credit Cards for 2014 - Jean Chatzky - Making money make sense
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Today’s Money: Best Credit Cards for 2014

As Natalie said this morning on Today, if you’re using credit cards when you shop, some cards are certainly better than others. I did the groundwork for you, and came up with the best cards for 2014. Below you’ll find my segment with Natalie and Al — scroll a little further to see my top picks.

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Best Balance Transfer cards:

If you have excellent credit (above 720 on the FICO scale):

Slate from Chase
0% on new purchases for 15 months
0% on balances transferred for 15 months
No transfer fee
No annual fee
Regular APR of 12.99% to 22.99% depending on your credit

If you have good credit (between 660 and 719 on the FICO scale):

Capital One Platinum Prestige
0% on balances transferred and new purchases through May 2015
3% transfer fee
No annual fee
Regular APR of 10.9% to 18.9% depending on your credit

Best for New Purchases:

If you have excellent credit

Citi Diamond Preferred
0% on new purchases for 18 months
No annual fee
Regular APR of 11.99% – 21.99%

If you have good or fair credit (620 to 720)

Capital One Quicksilver Cash Rewards Card
0% on new purchases until February 2015
No annual fee
$100 bonus for spending $500 during the first 3 months
1.5% cash back on everything
Regular APR of 12.9%-20.9%

Best Cash Back: Overall, the Capital One Quicksilver Cash Rewards Card gets consistently high marks – and it’s also great because you don’t need to have pristine credit to get it. Also:

Chase Freedom (for good and excellent credit 660 and above)
0% on balance transfers and new purchases for 15 mos.
$100 bonus for spending $500 in the first three months
5% back on three categories each three month period (currently gas, movies and Starbucks stores – up to $1500 max)
1% on everything else

Best Rewards:

Barclaycard Arrival World MasterCard (for excellent credit)
40,000 mile bonus if you spend $1000 in the first three months
2 miles for every purchase
Use miles (100 = $1/40,000 = $400) as a statement credit against travel, so no blackout dates
0% APR for 12 months
No annual fee first year; $89 thereafter

Capital One VentureOne Rewards Card (for good credit)
20,000 mile bonus if you spend $2000 in the first three months
1.25 miles for every purchase
Use miles (100 = $1/40,000 = $400) as a statement credit against travel, so no blackout dates
0% APR through February 2015
No annual fee

Barclaycard Rewards MasterCard for Average Credit
0% intro APR for six months on balance transfers and purchases.
24.99% thereafter.
You receive 2,500 points after your first use of the card. 2 points for every dollar spent on gas, groceries and utilities;
point for every $1 on every other purchase.

If you’re not a student:

Capital One Platinum Credit Card caters to people with limited credit history
No annual fee the first year; $19 thereafter
No rewards
APR 24.99% — high, but the goal is buy it, pay it off, build credit
A tip: Put an automatic payment, like your health club on the card, pay it off automatically and don’t use the card for anything else – building credit will be a breeze.

If you are a student:

BankAmericard for Students
0% APR for 15 months on transfers and purchases
No annual fee
APR 10.99% – 20.99%
If you have bad credit:

Credit One Bank Credit Card With Gas Rewards
Annual Fee: $35 to $75
APR: 17.9% – 23.9%
1% back on gas purchases
Make your first six payments on time, they’ll increase your credit line. Also offers email/text reminders that your payment is due.

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