The credit card industry is extremely competitive and card issuers are continuously introducing new products in order to win more customers. But, as these new cards are introduced, some credit cardholders may simply continue to use old accounts, which often come to have outdated or inferior terms. While these old accounts may no longer be offered to new applicants, existing accounts can be grandfathered in for years, or even decades after they’ve ceased to be competitive. By considering adding a newer cards with better terms to your wallet, you’ll likely be using one of the more competitive cards available.
This year isn’t yet halfway over, but credit card issuers have already introduced several new cards that offer additional rewards and benefits. These are four new credit cards introduced in 2016 you may want to check out.
Chase has offered its standard Freedom credit card (see full review here) for many years, which features 5% cash back on up to $1,500 spent each quarter in revolving bonus categories, and 1% on all other purchases. The new Chase Freedom Unlimited card (read full review here), which is offered in addition to the standard Freedom, replaces the 5% bonus categories with 1.5% cash back on all purchases. New cardholders receive a $150 bonus after spending $500 within three months of opening the account, and an additional $25 bonus after adding an authorized cardholder who makes a purchase within the same time period. New applicants also receive 15 months of interest-free financing on both new purchases and balance transfers, with a 5% balance transfer fee. There is no annual fee for this card. (You can learn more about the best credit cards for cash rewards here.)
JetBlue changed partners this year from American Express to Barclaycard, and it recently introduced a few new credit cards. The standard JetBlue card offers new customers 10,000 bonus points after spending $1,000 on new purchases within 90 days of account opening. You also earn 3x points on JetBlue purchases, 2x points at restaurants and grocery stores, and 1x elsewhere. Other benefits include a 50% savings on in-flight purchases and 12 months 0% APR introductory financing on balance transfers made within 45 days of account opening. There is no annual fee for this card.
The JetBlue Plus card has a $99 annual fee and offers new cardholders 30,000 bonus points after spending $1,000 within 90 days of account opening. It features 6x points on JetBlue purchases, 2x points at restaurants and grocery stores, and 1x elsewhere. In addition to the features of the standard JetBlue card, it also offers a free checked bag, a 10% rebate on points redeemed, a 5,000 point account anniversary bonus and the ability to earn Mosaic status after spending $50,000 in a calendar year.
3. American Express SimplyCash Plus Business Card
This small business credit card features 5% cash back at office supply stores, and 3% cash back on one of eight categories of your choice including restaurants, gasoline, advertising, and shipping. New cardholders receive a $200 statement credit after spending $3,000 on their card within three months of account opening, as well as 0% APR introductory financing for nine months. There is no annual fee for this card.
4. NASCAR Card From Credit One
Credit One recently announced its partnership with NASCAR, becoming the official credit card of the racing league. This card offers 2% cash back on NASCAR purchases and 1% cash back elsewhere. This card is offered to those rebuilding credit, with an annual fee that can be as high as $99. Those with average credit will have a lower annual fee, and customers with excellent credit may not have an annual fee at all.
Remember, it’s important to read the terms and conditions carefully before deciding what credit card may be right for you. If you decide on a card, it’s a good idea to check your credit before you fill out any applications as your credit score plays a role in what deals you may qualify for. (You can see two of your scores for free, updated monthly, on Credit.com.)
Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.
At publishing time, the Chase Freedom Unlimited, Chase Freedom, JetBlue and JetBlue Plus card from Barclaycard are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment.
More on Credit Cards:
- An Expert Guide to Credit Cards With Rewards
- How to Get a Credit Card With Good Credit
- How Secured Cards Can Help Build Credit