So what are the 3 best types of credit cards for your wallet?

Well, I like to break them down quickly into 3 categories. These categories or types of credit cards should be used based on your specific situation.

1) Balance Transfer Credit Cards

These are for those that are in debt and may be paying on a large balance with a reasonable or high interest rate. The best types of credit cards in this situation is one that has a long term 0% balance transfer offer. Normally you will need good to excellent credit for one of these cards, but it can save you big time as well as getting the balance paid down quickly as the entire payment will go towards the principle not the interest of the credit card balance.

2) Airline Miles Credit Cards

The airline miles credit cards are great for those that travel often or use a specific airline. There are some really great airline miles credit cards through Delta, United, Southwest and others geared towards providing you perks on their airline for such things as no baggage fees or travel benefits geared to their airline.

You can also find a good generic airline miles travel card like the Discover Miles Card or the Bluesky Card through American Express.

3) Cash Back Credit Cards

These are great for those that do not carry a credit card balance but use their credit card for most of their transactions. You can build up to 5% cash back using the Discover More Card or Chase Freedom credit cards. Either one is a good choice and will help you accumulate cash that can be redeemed for gift cards are and actual check mailed to you or direct deposited in your account.

These cash back miles can add up quickly if used correctly.

These are the 3 best types of credit cards for your wallet. I hope you learned something by reading this article and click on any of the menus on this site to compare and review credit cards in these categories. When you are ready to apply just click on the links or apply buttons to go directly to that issuers online credit card application to get approved.