5 of the Best Credit Cards of 2014

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Source: Thinkstock

Source: Thinkstock

To keep your credit score in a good place, it’s generally a good idea to have some revolving credit. The balance between using enough credit and too much credit can be a bit tricky, however, and finding a credit card that suits your needs at a decent rate can also be a tough task.

According to Nerd Wallet, U.S. consumers owe a combined total of $11.74 trillion in debt, around $872 billion of which is credit card debt. Individual debt statistics are a bit tougher to determine as they are often driven up by a few outliers — those households who owe excessively high amounts on their cards. “Based on an analysis of Federal Reserve statistics and other government data, the average household owes $7,221 on their cards; looking only at indebted households, the average outstanding balance rises to $15,480,” explains Nerd Wallet.

Looking at stats like these, some people may think finding a new credit card is the last thing anyone needs. However, credit cards generally only cause trouble when they’re overused and when managed properly, they can offer some benefits, like convenience and building or improving credit.

When looking for a new credit card, people generally themselves some of the following questions:

  • Do I need a new card?
  • What type of APR comes along with the card?
  • What are the card’s fees?
  • What type of rewards does the credit card offer?
  • Do I have good enough credit to apply for the card?
  • What do other users say about this card?
  • What am I going to use this credit card for?

Most people want to know they are getting a fair deal. We found a few credit card offers that are pretty decent. This list of offers has something for just about everyone, ranging from those with poor credit to those with excellent credit. These cards have good user ratings and, with all things considered, decent rates as well.

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