There are many best credit cards in the world in use today available to consumers across the globe. The choice of cards depends on your lifestyle. Credit Purchase is a multibillion industry dominated by a handful of major banks and payment networks.
Choosing a card may be determined by the services offered by the card-issuing company like discounts, cashback, bonuses, savings, insurance services, and annual statements, plus the annual fees to be paid by the clients. Card security features are vital to curbing fraud and cybercrimes, which are rampant.
The Visa credit card is the largest major payment card in the world, used by over 687million in the USA and1.7 a billion users globally connecting consumers, businesses, and banks to drive global commerce .its customers enjoy bonuses, rewards, and cashback in restaurants, drugstores and airlines and a wide variety of shops.
Master Card is the second largest, with over 231 million in the US and 725 million worldwide cardholders .it is known for its easy pay feature and personal information protection. The card is being used in over 210 countries and operates in 150 currencies.
Citi bank takes the third position with 95 million holders in the US and 54 million globally.it is recognized for its primary reward program and simplicity of operation.
The fourth position goes to the Chase card with 83 million holders. It is ranked as the best travel card with rewards from Disney and Southwest airlines in America.
American Express Card comes fifth, and its activities in over 160 counties with 53 million holders in USA and 58million outside the USA. It is also the world’s largest issuer of credit cards in terms of transactions, with about 6 billion transactions per year. It is recommended for high-income holders with robust credit scores. Clients enjoy affordable annual fees of $95. Holders also enjoy Bonuses, rewards, and cash back guarantees. It’s also the best card for international travel.
Clients enjoy membership reward points for most cards, including take-outs and deliveries and flights booked directly with airlines. They also enjoy welcome bonuses. Holders enjoy free transactions and affordable annual fees.
Cardholders enjoy exclusive access to dining, sports, and entertainment events associated with various cards. Others are known for hotel bookings online trading.
American Express, Chase, and Master card are known to be enjoyed by the super-rich for their luxurious perks, rewards, and status that help them fund their lifestyle. These exclusive credit cards must achieve specific benchmarks. American Express Centurion is the most exclusive card globally. It was launched in 1999. It is open to American cardholders and attracts an initial $10,000 and an annual fee of $5,000.Also known as the Black card, it is a reserve for the rich.
JP Morgan Chase reserve card requires the holder to have at least $10 million assets with JP Morgan. However, its annual fee is $595.Holders enjoy rewards and points and travel benefits.
They also enjoy fraud monitoring and zero liability protection meaning that you will not be responsible for unauthorized charges and have 24/7 access to customer care services.
Dubai’s first royal Master card is Gold trimmed and embedded with a diamond at the Centre. Only those invited by Dubai can become cardholders. Holders enjoy exclusive perks like bonuses, rewards, and no credit limits and restrictions, allowing cardholders to spend as much as they want.
These 5 Leading cards are accepted by significant payment platforms and banks for local and international money transfers. Paypal, eBay, Amazon, and other online shopping providers prefer buyers and sellers to buy them.
Cards have also been integrated with almost all Banks in the world, with Visa and MasterCard leading in the sector. Leading money transfer providers like Western Union and Money gram also prefer them. They have also been integrated with mobile money providers like Mpesa in Kenya.
Online fundraisers prefer Visa and MasterCard in their cloud funding campaigns and have integrated them with their Banks accounts.
Other Credits card companies include Capital one, Bank of America, Discover, Synchrony, Wells Fargo, Barclays, US Bank USAA, PNC, and many more.
