SOURCE: Creditnet

Creditnet

July 24, 2014 13:04 ET

The Best Credit Cards for Single Parents, Announced by Creditnet.com

SEATTLE, WA--(Marketwired - Jul 24, 2014) - Today, credit experts at Creditnet.com announced the results of a study on the best credit cards for single parents. Family-friendly terms, money saving perks, and low interest rates give these cards high ratings and stellar reviews from credit users and industry experts.

Tight budgets that necessitate savvy financial decisions require that single parents choose carefully when applying for credit cards. To find the best credit cards for single parents, Creditnet examined customer ratings, expert opinions, and overall popularity.

According to the results of this study, the following credit cards offer the best features for single parents and anyone looking for a great deal on a credit card:

Discover it

Hands down, one of the best features on the Discover it card is the 0% introductory APR on balance transfers and purchases. Cardholders can use the card for an impressive 14 months before interest charges may apply. Plus, this card offers 5% cash back on up to $1500 spent in rotating categories (currently gas stations) and 1% cash back on all other purchases.

Additionally, this money saving card also offers some terrific interest rates that start at just 10.99% for responsible borrowers. Balance transfers also just feature a small 3% fee. What makes it even easier to save money with this card is that it doesn't have an annual fee, and there's no over-the-limit fee or foreign transaction fee. Discover won't even raise a user's APR after an accidental late payment.

Barclaycard Rewards MasterCard - Average Credit

Parents looking for a credit card with valuable reward points need look no further than the Barclaycard Rewards MasterCard for Average Credit. Sometimes it's hard to budget as a single parent, and keeping a credit rating high is often hard with just one income. For single parents with average credit, the Barclaycard Rewards MasterCard makes it easy to earn cash back on all the important purchases parents make on essentials like gas, groceries, and utility bills. Cardholders earn 2 points for every dollar spent on gas, grocery, and utility purchases and 1 point for every dollar spent everywhere else.

Also, Barclaycard helps parents keep an eye on their credit scores by offering complimentary access to FICO scores, as well as regular reporting of good credit use to major credit bureaus. Single parents looking to improve their credit rating can build a healthy credit future with Barclaycard Rewards. The card also features zero blackout dates and no fees on points used.

Citi Simplicity

Providing for children as a single parent means saving money with every purchase, and the Citi Simplicity card is a fee-free way to use a credit card and save money. Like the Discover it card, Citi Simplicity also offers a 0% introductory APR on purchases and balance transfers. What makes the Citi Simplicity card special is the generous amount of time users have to enjoy those privileges: 18 whole months of 0% APR.

In addition to a generous introductory period, the card also features zero late fees, no penalties fees, and zero annual or monthly fees. Users also get access to a 24-hour help line whenever they need assistance with their Citi Simplicity card. Research from Creditnet suggests users may save an average of $325 every year by switching to the Citi Simplicity card.

For more information on great credit card deals, access Creditnet's credit card comparison tool: http://www.creditnet.com/credit-cards

About Creditnet:

Creditnet publishes vital studies and comparisons on today's top credit cards and features tools to help credit seekers find the best card for their needs. Additionally, an active community of over 100,000 members gathers together on Creditnet each day to discuss essential topics on credit like interest rates, debt reduction, and credit repair.

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