Best credit cards of 2019

Choose the best credit card of 2019

1 - 10 000 €
  • Interest-free payment period - 45 days
  • Credit Rate - 19.99%
  • Annual fee - 0 €
  • Age limit - 23 years

*E.g. fee for deferral of the actual annual interest rate 21.92%, 1500 eur / 12 months total 1668 eur.

How do credit cards work?

Credit card is a tool that allows you to use borrowed money to pay for products and services. It works in a way, that when you make a purchase, you borrow money from the bank for the payment, so you do not use your own money, but the bank’s. This takes place without interest until your period expires. The period varies from bank to bank – Bank Norwegian operates for example with a period of 6 weeks. Before the period ends, you have to pay back what you have borrowed, otherwise interest will come on what you have borrowed. Scroll down if you want to find out more about how do credit cards work.

Why credit card?

A credit card used properly will give your economy a fresh breath in a healthy direction. If you pay your credit bills on time, stay away from payment remarks and keep a steady flow, you earn a positive credit score that may be crucial to a future credit or loan application. It’s exhausting to chase your dreams all the time. Credit cards can help you make your dream real. 

When should I get a credit card?

If you have just turned 18 and are thus approved for a credit card, it may not be the most beneficial for you. The credit card is best suited for people with a stable economy and fixed income and publishing. In that case, a credit card can offer several benefits, and the world is full of different credit cards to suit your needs.

Best credit cards of 2019

We, at House of Banks, are working hard to find the best credit cards in 2019 for you and we would like to share our knowledge with you. You probably have some knowledge about how do credit cards work. Don’t worry, you can still read more about it later on. 

Organising and planning is a part of credit cards

What’s The Difference Between Credit Score And Credit Report?

Credit report is a record of your borrowing history.

It contains personal information such as name, age and history of bankruptcies, if any.

More importantly the applications you have made in the past years, repayment history and details of any defaults.

Credit score is a numerical representation of a creditworthiness based on your credit report.

What is a credit score?

A credit score is a 3 digit number representing your credit report. Scale of a credit is usually from 300 to 850. The higher number, the bigger chances you have for approval of a better loan, with lower interest rate and more flexible terms. There are different types of credit scores and they are calculated differently by every credit report agency.

Your credit score depends on several factors such as:

  • Credit history
  • Payment history
  • Your personal information
  • Type of credit providers
  • Utilisation ration 30% or less
Credit cards help you improve your credit score

Overview of credit cards and debit cards

Credit card

  • Paying with credit card is like borrowing money
  • You can spend up to your credit limit which varies
  • It helps you get purchase protection
  • It helps you build a good credit score
  • You have the option to maximize rewards
  • Credit cards offer lots of rewards and benefits
  • Zero liability if you notify your bank or provider within their specific timeframe


Debit card

  • Paying with debit card is like spending cash 
  • You can only spend the amount that you have in your account
  • It helps you avoid debt
  • Track daily spending 
  • Budget with cash
  • Debit cards usually don’t offer any rewards
  • Debit card may have limited liability if not reported immediately 

Different types of credit cards

Different cards have different advantages, it is about choosing the card, that has the right benefits for you. Just consider several factors, when choosing a credit card. There are advantages and disadvantages, for each of the cards. Below, are the most important factors you need to consider, while deciding which one to pick.

  • Annual fee to own the card.
  • Which travel and cancelation insurance is attached
  • The same applies to purchase insurance
  • Consumption limit per. day
  • Consumption limit per. month
  • Bonus schemes (earning airfare, discounts on eating places,
  • etc ..)
  • Security associated with the card
  • Contactless payment

You can, without any problem, own several credit cards from different providers. So if you choose a wrong card, you can easily switch to another. A good advice is to try out one of the credit cards and see if your finances benefit from it or not. Do not forget, that the market you operate in, has a huge influence as well. If you want to check your credit card balance you have several options to do so. 

Sales to customers who use bank credit cards, such as MasterCard and Visa, are usually recorded by an increase in Cash, increase in Credit Card Expense, and increase in Sales

Typical credit cards consist of front sides; front and back. On the front side, you can find name, card number, card expiration, provider, icon, chip and other additional information provided by the credit or debit card company. On the back side, you can find your signature, security code, sometimes account number and other information also provided by a credit or debit card company. Many credit card providers try to offer something special for their providers, therefore, we can find for instance transparent credit cards. 

When it comes to getting a new credit card, we have lots of options and possibilities nowadays, however there is lots of credit card providers such as Chase, Axis bank, SBI, American Express, Wells Fargo, Capital One and many more. Paypal is most likely a leading online payment platform in the US. 

You can read more about the best credit cards below.

How many credit cards should I have?

It’s hard to say how many credit cards you should have, but if you are not that experienced with credit cards, then we recommend having one or max two. If you are experienced and you are using credit cards a lot, then you can get more credit cards, for specific occasions. The average number of credit cards per person has been increasing lately. The highest number of credit cards per person is 3,06 in New York, followed by Miami, 3,02.

How many credit cards should I have?

Every bank or financial institution will tell you to have more cards, obviously. They want you to have more cards, so they can earn more money. Super easy principle. We at House of Banks, will rather tell you what’s good for you and give you an advice, instead of trying to make it harder for you. 

0 APR credit cards

If you haven’t heard of credit cards with 0 APR, you missed a lot. A credit card with 0 APR will help you save on interest in the short term. If you consider applying for one, search for one with an introductory interest-free period longer than one year. We also have a few suggestions for you to look at, before applying for a card. 

  • Most 0 APR credit cards apply to purchases or balance transfers, not both
  • You might lose your balance transfer offer if you skip a payment
  • You might pay a fee to transfer your balance
  • A balance transfer offer won’t get you out of debt
  • Regular interest rate comes right after your introductory offer is over

You can find lots of websites comparing best 0 APR credit cards, but many of them are more confusing than explaining. We recommend visiting official US News website for further details regarding 0 APR credit cards.

Credit cards for fair credit

Credit cards for fair credit, also called fair credit credit cards include various options, such as cash back and bonus points. Finding the right credit card might help you build your credit history and improve your credit score. 

Fair credit is considered to be an average credit score. Two major credit scores in the US are provided by FICO and VantageScore. 

FICO score
  • 300 – 579                          Very poor
  • 580 – 669                          Fair
  • 670 – 739                          Good
  • 740 – 799                          Very good
  • 800 – 850                          Exceptional
Vantage score
  • 300 – 549                          Very poor         
  • 550 – 649                          Poor
  • 650 – 699                          Fair
  • 700 – 749                          Good
  • 750 – 850                          Excellent

Best first credit card

Choosing the right credit card might be pretty difficult. Choosing a credit card for the first time is even harder. There is many articles and comparison sites to find the right loan for you. The best first credit card is mostly build for students and young people in general. Check out thebalance and their comparison of best first credit cards in 2019. 

Best credit cards of 2019

Travel credit card

There are many types of travel credit cards nowadays. The best one is obviously the one, that suits you the most. Even though, you have very specific needs, there is always a travel card, that fulfils your criteria. Each travel credit card is different with specific benefits. Here are some aspects, usually found within the travel credit cards:

Bonus points

Get 50 000 points if you spend $3 000 on purchases within 3 months from account opening.

Annual fee

Annual fees usually vary from $90 to $500. It can certainly go lower and also higher depending on credit card provider.


Annual percentage rates are usually from 15% to 25%.

Credit score

Requirement for a credit score is usually good or excellent.

Student credit card

Student credit cards are designed for students to either help them cover the college expenses or just help them with their expenses in everyday life. The amount of students taking a student loan is increasing rapidly every year. Here are some aspects, usually found within the student credit cards:

Bonus points

Get 3 000 points if you spend $500 on purchases within 3 months from account opening.

Annual fee

Based on the fact that this type of credit cards are for students, the annual fee is usually $0, whereas they don't have such an income as full time workers.


Annual percentage rates are usually from 15% to 25%.

Credit score

In many cases, credit score is not needed. Otherwise, it´s usually from low to good score depending on the type and amount of benefits, credit card offers.

Business credit card

Business credit card is for a business purposes of entrepreneurs, who seek for a way, how to save money while financing their business. Business credit cards can be super useful and help you save thousands of dollars every year with rewards such as cash back, hotel stays and valuable discounts. You can see some aspects, usually found within the business credit cards below:

Bonus points

Get $500 if you spend $4 000 on purchases within 3 months from account opening.

Annual fee

The annual fee is normally $0. It can go up to $500 if you choose a premium or platinum credit card with lots of benefits.


Annual percentage rates are usually from 13% to 23%.

Credit score

Usually 550+

Rewards credit card

Rewards credit card is exactly what it sounds like. There is plenty of rewards to choose from, such as groceries, gas, gadgets and many more. Below are some aspects, usually found within the rewards credit cards:

Bonus points

Get $500 if you spend $3 000 on purchases within 3 months from account opening.

Annual fee

$0 - $100


Annual percentage rates are usually from 16% to 26%.

Credit score

Good or Excellent

Balance transfer credit card

What is it for? Balance transfer credit card basically helps you, to get rid of your debt. You can easily transfer your high-interest debt with much lower rate (mostly 0% for the first year). It helps you to save hundreds of dollars each year and paying off your debt is suddenly much easier. Some aspects to mention, usually found within the balance transfer credit cards are:

Bonus points

Intro APR - 0% on Purchases for 6 months and 0% on Balance Transfers for 18 months.

Annual fee

Normally $0


Annual percentage rates are usually from 15% to 25%.

Credit score

Good or Excellent

There are many more benefits, which may vary from the provider. Check out different rewards credit cards to find the one that fits your specific criteria. 

All the numbers mentioned above, are the average numbers provided by companies and lenders. All of them can vary might change with time. 

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