Six of the Best Credit Card Sign Up Bonuses for July
  With so many credit card options out there, it's hard to decide on one, especially when many offer unique sign-up bonuses and benefits. Here are six of the best offers to check out this month.  

Types of Bonuses

Before we get down to the offers, it’s important to dive into the different types of bonuses or rewards available. Most credit card companies will typically offer a cash-back reward. This means you’ll typically need to spend a certain amount in order to get money off your monthly bill. While many will offer a dollar amount, some companies will offer a percent cashback on specific expenses. For example, some cards offer cashback on everyday purchases like groceries and gas, while other cards might offer cashback on entertainment or vacation spending.  

Important Things to Consider When Choosing a Credit Card

When choosing a credit card, consider several things, including what expenses you’re going to be using the card for; this should dictate what card you pick. For example, if you're N avid travel you might consider purchasing a card that offers miles or stellar travel rewards. If you’re a struggling college student or post-grad, you’ll probably want cashback on groceries and gas. Also, consider how often you’re going to use it. For example, will you use it to pay living expenses or merely extracurricular activities? Another thing to consider is the credit limit. In other words, this is the amount of money the credit card company allows you to borrow each month. This is typically based on a number of factors including your credit score and income. Credit limits can range from a few hundred dollars to thousands, which is something you’ll want to consider, especially if you have a limit under $1000. You typically only want to use less than 30% of your credit limit a month to prevent large drops in your credit score. When you consistently borrow over that limits, credit card companies might perceive you as a greater risk Most importantly, you’ll need to consider your credit scores, as this could affect your ability to obtain some rewards cards and a low annual percentage rate, the annual rate of interest charged for borrowing. For many credit cards, you can bypass APR expenses by paying your monthly balance on time. Also, take into account fees and penalty charges for paying your bill late or going over your allotted monthly credit limit. If you travel often, you’ll also want to consider whether the card has foreign transaction fees, which could increase the cost of overseas purchases.  

1. SavorOne Rewards from Capital One

This credit card is notoriously ranked for its stellar cashback rewards and offers 3% cashback on dining and entertainment, making it an ideal option for someone who likes to eat out or see a show. The card also offers 2% cashback on all grocery purchases, including those from Target and Walmart and 1% on any other purchases. Better yet, if you spend $500 or more during your first three months with the card you’ll get a $150 cashback bonus. To obtain this card you’ll need an excellent credit rating, meaning you’ll likely need a credit score above an 800.  

2. QuickSilver from Capital One

The QuickSilver card from Capital One is another great option offering $150 cashback when you spend $500 or more within your first three months of opening a card. Rather than offering a range of cashback bonuses, the QuickSilver card offers 1.5% on all purchases. This card will also require an excellent credit score rating.  

3. Amazon Prime Rewards Visa Signature Card

If you’re an avid Amazon shopper, consider the Amazon Prime Visa Signature Card. This card offers 5% cashback on all Amazon or Whole Foods purchases, 2% cashback on dining out and gas, and 1% back on all other purchases. To get this card you’ll need an eligible Amazon Prime membership, but you’ll also get a $70 Amazon gift card immediately after you’re confirmed for the card. This could even help offset the cost of a pricey yearly prime membership. Penalty fees for late-payments extend up to $39, although there’s no fee for returned checks.  

4. TD Cash Credit Card

This credit card from TD Bank is offering 0% APR on all purchases within your first 15 billing cycles and either 12.99%, 17.99%, or 22.99% afterward depending on your credit score.  Like the Capital One SavorOne card, you’ll get 3% cashback on dining and entertainment, 2% on grocery store purchases, and 1% on any other purchases. You’ll also get $150 cashback when you spend more than $500 within the first three months.  

5. Discover it Secured

This card from Discover is an ideal option for someone looking to build credit. Like other cards on this list, there’s a $0 annual fee, unlimited 1% cashback on all purchases and 2% cashback on restaurants and gas stations up to $1,000 every quarter. As part of the intro offer, the company is also offering to match all the cashback rewards you earn throughout the first year! Although the regular APR is 22.99%, the card boasts zero foreign transaction fees.  

6. Wells Fargo Cash Wise Visa card

Like the CapitalOne options on the list, this Visa card from Wells Fargo also offers $150 cashback when you spend $500 within the first three months. Likewise, there’s no annual fee and an unlimited 1.5% cashback reward. If you use Google or Apple Pay frequently, this card also offers 1.8% cashback on any digital wallet purchases during the first year with the card. Another interesting perk is insurance protection on your phone. In other words, if you pay your cell phone bill with the credit card you’ll get up to $600 in insurance protection with a $25 deductible in the event that your cell phone is stolen or damaged.   Resources: https://www.cnbc.com/select/best-credit-card-sign-up-bonuses/ https://www.creditcards.com/credit-card-news/help/6-consider-before-choosing-picking-credit-card-6000/ https://wallethub.com/best-credit-card-promotions https://wallethub.com/d/discover-it-secured-credit-card-2289c/ https://www.moneyunder30.com/credit-card-cash-sign-on-bonuses#CashWise
The Best Credit Cards for Students in 2020
Student credit cards are cards with lower credit limits, no annual fee, and generally lower interest rates. They are designed for young people with little to no credit as a way to help students build their credit while in school. According to U.S. News reports, however, less than 35% of students say building credit is the main reason for getting a credit card. This may be caused by the fact that students do not realize the reasons why building credit is so important. Some states allow employers to view the credit report of job applicants, so building credit can be beneficial for getting a job. A credit report does not include your credit score but does include debt and payment history (2 key factors that affect credit score). Accruing debt and being late on payments could indicate a lack of organization, and therefore hurt your job prospects. Those with lower credit scores are seen as more likely to get in an accident, so auto insurance premiums are also often higher for people with low credit scores. If you want to pay less on car insurance at a young age, you should build credit. According to a study by TransUnion, nearly half of landlords say credit scores are a top-three factor when looking at rental applicants. When looking for your first apartment, you’ll want a high credit score to ensure a lower deposit requirement (how much you’ll have to give upfront when moving in). Also, a high credit score will make you more likely to get approved as an apartment renter. Credit cards also have rewards systems that incentivize spending and mitigate the risk of theft associated with carrying around cash. Given all of these benefits, it is very important to get a credit card at the student age. Outlined below, in no particular order, are Vola’s top four credit cards for students.   Discover it Student Cash Back card This card offers the​ best bonus rewards​ out of student cards. With this card, you can earn 5% cashback in a specified bonus category each quarter. For April-June, this category includes Uber, Lyft, Gas Stations, Home Depot, and Wholesale Clubs. The card also doubles all rewards for the first year after opening your card, making it an excellent temporary option. Students are also given an extra $20 for a GPA above 3.0, adding a nice extra incentive This card also offers a ​great cashback option​ -- 1% cashback on everything, which is doubled for the first year. The 5% cashback bonus category adds on to this as well. Like most other student credit cards, this card also has ​no annual fee​ and has a ​low minimum credit score needed​. This Discover card does have an ​above-average APR​ (interest rate for borrowing the money) than other student cards. The card’s APR is 11.99% to 22.99% depending on many factors. Overall, the Discover it Student Cash Back card is great for responsible credit card holders who will consistently pay their bills on time. With great bonus rewards and cashback options, those who avoid borrowing money will enjoy great benefits while building their credit.   Deserve EDU Mastercard for Students The Deserve EDU card requires ​no credit history​, making it great for student-aged people who have not built much credit. Those who use this card will also enjoy a ​free year of Amazon Prime Student​--this may be a key factor for those who like to online shop. The card also does not require a ​social security number​, making it the best option for international students. With a ​mediocre cashback option​ of 1% cashback on all purchases, the Deserve EDU Mastercard does not provide the best rewards of student credit cards. Aside from the free year of ​Amazon Prime Student​, this card offers ​no welcome bonus​. The card also has ​above average regular APR​ at 18.74% for a student credit card. The Deserve EDU Mastercard is good for students with very minimal credit history and is the best option for international students. The card does have fewer opportunities for rewards and a higher APR, making it a less enticing option for some students. However, given that rewards are often minimal for any student card, the card is a great option for a student looking to build credit from the ground up.   Bank of America Cash Rewards Credit Card for Students. This Bank of America card offers some of the ​best cashback options​ for student-aged adults​. Users of this card can set a category for 3% cashback. If you spend a disproportionate amount of money on dining, traveling, or online shopping, having a choice for this category can be beneficial. You also receive 2% cash back on groceries and 1% cashback on everything else with this card. The card also offers a ​$200 cash rewards bonus​ if you make over $1000 dollars in your first 3 months with the card. Like the other cards mentioned, this card has ​no annual fee ​and ​minimal credit needed​. Another added benefit is that users of this card receive ​great feedback​ on how to build their credit. You can opt-in to see your FICO score automatically updated monthly, with information on factors affecting your score. APR is zero for the first 15 billing cycles, which is a longer period than the other cards mentioned. However, after this period, you can risk having an APR as high as 24% if you don’t have great credit. This is very high, so there is pressure to build credit in the first year and a quarter. The Bank of America Cash Rewards Card is best for students and young adults expecting to build significant credit in the next few years. The card offers great cashback options initially and requires little to no credit history to apply for. Interest rates can be very high if you do not build much credit in your first 15 billing cycles. At the very least, this card is a great option for a short period of time that strongly incentivizes making money and building credit.   Citi Rewards+ Student Card The Citi Rewards Card is a viable option for a student because it has ​good cashback options, no annual fee, and 0% APR for 7 months. ​The cashback for this card uses a unique points system--you will earn 2 points per purchase at supermarkets and gas stations (about 2% cashback) and 1 point everywhere else (about 1%). Rewards are rounded to the nearest 10 points, so small purchases yield high rewards (10 points for a $4 coffee). As mentioned earlier, this card also has no annual fee and 0% APR for 7 months, allowing students to build credit early on. This card certainly has its shortfalls for certain demographics. Since the 0% APR lasts for only 7 months and can be up to 24.49% after this, those who expect to borrow money after 7 months should look at a card in which this 0% period lasts longer. Other cards offer better rewards for dining out and travel--This card only offers 1% cashback on dining out and actually has a 3% transaction fee on foreign purchases. The Citi Rewards+ Student Card is best for students who have already built credit to the point where they have a good credit score. Despite having no annual fees and minimal credit needed, students with low credit who use this card will risk paying high fees for borrowing money and will not receive the best rewards. Credit cards not only save you money on purchases, but building credit can help you save thousands of dollars later in life. If you don’t have a credit card yet, you should get one as soon as possible.   Sources: https://newsroom.transunion.com/transunion-reveals-almost-half-of-landlords-consider-renters-c redit-health-as-a-key-factor-in-leasing-decision https://creditcards.usnews.com/student https://www.nerdwallet.com/blog/finance/credit-score-employer-checking/ https://creditcards.usnews.com/student
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