What is a good credit card?  For starters, a good credit card is one that offers competitive interest rates, no annual fee rewards, and quality customer service.  When the financial crisis deepened, both the quality and the quantity of good credit cards decreased.  Many major credit card companies have cut back on the length of 0% introductory rates, raised interest rates (even as the Prime Rate as decreased) and dramatically reduced rewards programs.

Fortunately, a number of very good credit cards still exist.  Unfortunately, the best credit cards are ultimately reserved for applicants with the highest credit scores.  However, it is still possible to get a good credit card with a 0% APR for up to 1 year and no fee cashback or airline rewards.

One approach to finding a good credit card is to seek out one from the best credit card companies, as ranked by J.D. Power.  For the last two years, American Express and Discover have ranked first and second in their annual customer satisfaction poll.  Of the two companies, Discover stands out as the one with the least negative recent news.   However, individuals with excellent credit can still get good credit cards from American Express.