To identify America’s Best Credit Cards, LendingTree in consultation with Newsweek collected data on candidates from more than 1,030 credit cards issued by 195 financial institutions and credit unions. LendingTree then applied filters to create a short list of eligible candidates in each category, based on the most salient features for each card type. LendingTree supplied the data and made recommendations about the feature weightings for each category; the final scoring system used was developed by Newsweek, based on the factors editors deemed most important to consumers for that type of credit card.
Data sources included MagnifyMoney.com, DepositAccounts.com and information published by each credit card issuer. All together, 36 factors were assessed, covering a wide variety of fees, current interest rates, balance transfer details, introductory purchase offers, introductory sign-up offers,…