Do you want to make the most out of your hard-earned money? Choosing the right credit card for investing could help you unlock some serious financial potential. In this action-packed guide, we'll explore the best credit cards for investing and how they can turbocharge your investment performance.
Best Credit Cards For Investing Table of Contents
Why Choose a Credit Card for Investing?
Before we dive into our top picks for credit cards that support your investment goals, let's discuss what makes them so appealing:
- Cashback rewards: These cards often come with cashback options, allowing you to earn a percentage of your purchases back, which can then be used to fund your investments.
- Sign-up bonuses: Many credit cards offer a generous sign-up bonus when you open a new account. This can help jump-start your investment journey and provide additional funds to grow your portfolio.
- Low fees: A credit card with low fees and interest rates can ensure that you keep more of your hard-earned money working for you within your investments.
Best Credit Cards for Investing
Below are our top picks for the best credit cards for investing that offer some amazing rewards and incentives:
1. Fidelity Rewards Visa Signature Card
With the Fidelity Rewards Visa Signature Card, you'll earn 2% cashback on every purchase with no limit. The cashback is automatically deposited into your eligible Fidelity brokerage account, giving you the opportunity to quickly grow your investment portfolio.
- Annual Fee: None
- Sign-up Bonus: None
- Intro APR: None
- Regular APR: 13.99% Variable
2. Schwab Investor Credit Card from American Express
The Schwab Investor Credit Card offers 1.5% cashback on all purchases, with no cap on rewards. The cashback earned is automatically deposited into your Schwab Brokerage account and can be invested as you see fit.
- Annual Fee: None
- Sign-up Bonus: $100 Statement Credit after spending $1,000 in the first three months
- Intro APR: None
- Regular APR: 15.49% - 24.49% Variable
3. TD Ameritrade Client Rewards Card
The TD Ameritrade Client Rewards Card offers a flat 1.5% cashback on all purchases. The cashback can be redeemed as a direct deposit into your TD Ameritrade brokerage account or as a statement credit.
- Annual Fee: None
- Sign-up Bonus: $100 Cashback after spending $500 within the first 90 days
- Intro APR: 0% for the first six billing cycles on balance transfers
- Regular APR: 13.49% - 23.49% Variable
Best Credit Cards For Investing Example:
Let's say you've decided to open a Fidelity Rewards Visa Signature Card. Over the course of a year, you spend $30,000 using the card. At a 2% cashback rate, you'll earn $600 in rewards. This cashback is directly deposited into your Fidelity brokerage account, providing a convenient way to boost your investments. Over time, this additional cash infusion can potentially lead to significant gains as your portfolio continues to grow.
There you have it, our top three picks for the best credit cards for investing! These cards not only offer enticing cashback rewards but also make it easy to automatically invest your earnings. Remember, the key to successful investing is consistency, and these credit cards can help you stay on track by effortlessly funneling cashback rewards into your investments. Share this article with your friends and family to help them unleash their own investing potential! And don't forget to check out other insightful guides on Flik Eco to unlock more financial tips and secrets.
