Foster City, CA (PRWEB) July 14, 2011
To help job hunters offset the costs of their search, CardRatings.com releases its list of “Best credit cards for job seekers.” This is part of CardRatings.com’s ongoing “Best Credit Cards” series featuring top credit cards for various consumer lifestyles, life stages, activities, spending habits, favorite perks and other themes.
Applying for a new credit card while unemployed may sound futile. However, even consumers who do not currently have an income can still be attractive to credit card issuers, assuming they’ve stayed current with credit and loan payments. While a new line of credit can be used to offset the costs of a job search, it should never be used to replace lost income.
CardRatings.com editors surveyed dozens of current credit card offers and identified four credit cards that present the most useful benefits to those searching for new employment. The best credit cards for job seekers were chosen based on how well their rewards would cover common job search costs such as a professional interview outfit, basic networking and job-hunting supplies, gas for traveling to job interviews and relocation for out-of-town employment opportunities.
CardRatings.com editors’ picks for the best rewards credit cards for job seekers are:
Blue Cash Everyday Card from American Express – Chosen as the best credit card for acquiring a new interview outfit
- 2 percent cash back at regular department stores
- Special savings events with online retailers
- No annual fee and up to 12 months with zero percent interest
Chase Freedom Visa – Chosen as the best credit card for basic job-hunting expenses
- $100 bonus refund after spending $500 before your third month
- Additional $100 back when you spend another $1,000 before the 6-month mark
- 1 percent cash back on all purchases
PenFed Platinum Cash Back Rewards – Chosen as the best credit card to keep the gas tank full
- New cardholders can earn 5 percent cash back on purchases at the pump
- No annual fee
- Current annual percentage rate (APR) of 13.99 percent is one of the lowest available
VentureOne Rewards from Capital One – Chosen as the best credit card for funding out-of-town job offers
- Miles earned on every purchase don’t expire
- Miles can be used on any airline with no blackout dates
- Use leftover miles for hotel stays and car rental fees
CardRatings is the leading comprehensive free source for comparing credit card offers and has been educating consumers on credit cards since 1998. The site regularly reports on consumer credit and debt issues and offers both editor and consumer credit card reviews, from balance transfer cards to student credit cards, gas credit cards and more. The site allows consumers to compare and identify the credit cards best suited to their needs, get the best rates available and effectively lower their debt. CardRatings.com is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that best meet their needs. The company is a leader in ethical marketing practices. For more information, please visit QuinStreet.com.