Building The Best Credit Card

Credit cards are valuable tools in "winning"  in the points & miles game. To often, people focus only on the sign-up bonus when choosing whether to sign-up for a credit card; overlooking the other benefits the card may provide.

One of the questions that has been swirling in my head is, "what makes a great credit card?"

Image taken from random Google search

All of my favorite credit cards tend to have similar secondary benefits:

1.     No foreign transaction fees
2.     Status of some kind
3.     Anniversary Bonus (free night, extra points)
4.     Bonus for spending x dollars in a year (status, extra points, free night)
5.     Primary rental car coverage (I don't have car or car insurance)

Lately, my favorite two credit cards is the Chase Hyatt and Priority Club. Both offer a no foreign transaction fees, anniversary bonus, and hotel status. In addition, the Hyatt credit card offers the ability to earn night credits towards higher status after spending specific amount of money within a year.

No single card will have all of your wants on it. However, put two or three credit cards in your wallet and one can check all of their wants off their list.

If you could build your perfect credit card, what benefits would your card have?

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