The best credit cards are sought after by many. Because each card is unique and each person’s lifestyle is unique there is probably not one card that could be considered the best. If there was such a thing as a credit card with 10% cash back on all purchases, I could argue that this is the best credit card to have, but there is no such thing.

Instead of asking “What is the best credit card out there?” you should ask “What is the best credit card out there for me?”  Start with a review of your finances. If you are smart you would know how much you spend in each category of spending such as grocery, dining, gas, entertainment, etc. Where do you spend the most money?

If you are a traveler and spend a lot of time driving around, you might want to consider a card that gives cash back on gas station purchases. This is especially helpful when gas prices are on the rise.

Frequently fly? Try an airline card that offers “miles” or a similar rewards program.  If you have to fly then why not sign up for a card that allows you to fly for free?

If you have bad credit then your options are fairly limited for a credit card. You will have to take the table scraps that the credit card industry offers. Yes, this means while others are enjoying the top sirloin you have to accept the fatty trimmings. Although these cards have a very high APR (usually in the mid 20’s) you can still enjoy some of the great rewards programs that other cards have. Remember that is only worth having such a card if you keep the balance down or pay it off every month. If you are paying 25% APR on a $5,000 balance meanwhile earning 1% cash back then this might not be the best choice for you.

Selecting the best credit card is not an exact science. You have to first evaluate your lifestyle and all of your options then choose the card that fits you the best. There is no one card that is the “best card”.