How to Apply for a new Credit Card

Consider your credit card a direct debit card. A few opening card to consider are the Chase Sapphire Preferred, the Chase Sapphire Reserve, the Platinum Card from American Express, the Chase Ink Business Preferred and the Premier Rewards Gold Card from American Express. If you are going on a holiday, there is one thing you should keep in mind that you may not have thought of: opening a new credit card.

There are many reward and refund card offers tempting new cardholder bonus, but to receive these bonus you usually have to pay a certain amount in the first few month after receiving the card. That is why, if you are preparing to make bookings for those holiday dates you have budgetized for, this might be a good opportunity to open one or two tickets.

Collecting sign-up bonus is the best way to quickly accumulate many points, and can help you get a ton off your next travel - or, based on how quickly you make the bonus, you can even request to apply the points to one part of your holiday this season, such as hotels.

The opening of a new card or two can also help to increase your credit value - as long as you don't spend too much and fully fund your balance each and every monthly. Below, take a look at a few of my favourite maps, all great choices for everyone, from beginner reward to point pro.

Remember, we focus on the reward and benefits that make these tickets great choices, not on things like interest rate and overdue charges that can far exceed the value of all of them. If you are working to make credit card cash, it is important to exercise fiscal control, such as fully settling your balance every single monthly, making timely payment and not exceeding what you can afford and repay.

You should always use your credit card as a direct debit card. When you' re new to credit card bonuses, the most highly recommend card - and my favourite start card - is the Chase Sapphire Preferred. If you open an Moneybookers Chase Ultimate reward point balance, you can redeem 50,000 Chase Ultimate reward points (which can be used in a variety of ways) by spending $4,000 in the first three month.

These points are $500 if you exchange them for cashback, $625 if you use them to reserve trips through Chase, and possibly even more if you refer them to your airline partner, airline partner, or hotelier. This card offers a variety of advantages, as well as providing cover for travellers and purchases, and earned 2x points per dollars that will be issued on all trips and meals.

Sapphire Preferred has an annuity charge on the bottom side in comparison to similar cards: $95, surrendered in the first year. For more information about the Chase Sapphire Preferred from Insider Picks' Partners, click here: Chase Sapphire Reserve, a charged version of Preferred, is one of the most worthwhile tickets on the market, but there is a drawback - it has an annual charge of $450.

As long as, however, you are willing to Float the money for this charge, you can get more than enough value to make up for it - for example, the card comes with an $300 per year credit that is auto multiplied to your first $300 of your expenses for trips each year - from your commuting trip to your next holiday.

This makes the $150 per year charge effective, and provides some persuasive grounds to select it over the preferred one. This reserve receives the same sign-up bonuses as the Preferred (50,000 points if you pay $4,000 in the first three months), but provides 3x points for every dollars spend on food and transportation.

There also comes with airport-lounge accessibility and a number of other advantages plus improved version of your trip protection policy and purchasing protection that the Preferred comes with. By spending enough every year on food and drink and travelling, you can't go wrong with this card. For more information on Insider Picks' partner's Chase Sapphire Reserve, click here:

AmEx Platinum is a must for those who travel a lot or want to maximise the value of a per tier reward card. Whilst it has one of the highest yearly charges you can find from a government card - $550 - you can quite simply make up for that.

So for example, I myself received more than $2,000 worth of the card. AmEx Platinum Card includes a welcome bonus of 60,000 Membership Rewards points after you have spent $5,000 on your purchase within three month of opening your AmEx Platinum Cards. There is also an additional $200 per year credit for airfare and up to $200 per year for over-credits.

In addition, the card provides a full 5x points on the fare directly acquired via the carrier as well as flight and pre-paid hotel bookings made via AmEx Travel. It also provides more than 1,000 international airports around the globe, some of which are not covered by the Sapphire Reserve Card.

For more information on the AmEx Platinum, please see this full report. For more information about Insider Picks' partner's AmEx Platinum card, click here: When you have a small company, then you can't be much better than the Chase Ink Preferred Company. The card features a massive 80,000 points after you have spent $5,000 on your shopping in the first three month.

This card, which has an $95 per year charge, also earnes 3x points per $150,000 for the first $150,000 your company will spend each year on mixed shopping in various different types, plus trips, shipments, Internet/cable/telephone and advertisements on popular web pages or popular web portals such as Google Ads. For more information about the Chase Ink Preferred from Insider Picks' partners, click here:

The less debated AmEx card was shadowed by the Sapphire Reserve and Preferred, but is still a sound choice for those who already own them. Premier Rewards Gold provides 25,000 Member Rewards Points after you have spent $2,000 in the first three card month of your subscription, combined with any other American Express Rewards Card you own, such as AmEx EveryDay or AmEx Platinum.

Whilst it has an $195 per annum charge (the first year has been waived), it does offer an $100 per annum credit of flight charges to compensate for this. This card also provides several other advantages, among them free entry to American Express Travel's hotel collection, luggage coverage and AmEx services. More about the map can be found here.

For more information about the AmEx Premier Rewards Gold Card from Insider Picks' partners, click here: So it' s a good thing to use the time when you plan to still be spending that cash - like before a big holiday - to open a new card. When you want to see more of Insider Picks, we collect e-mails for an up coming emailletter.

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