Credit cards are often thought of as a way to accumulate debt, but when used properly, they can actually be a financial tool to increase your wealth and get better rates on loans. While there are various types of credit cards, they all have advantages and disadvantages. It’s important to always read the “fine print” before applying for any line of credit. When scoping out your options, take into consideration what aspects of your lifestyle could impact the type of credit card that’s best for you.

Commuter? Try a Gas Card

If you commute to work, travel regularly for your job, or just spend a lot of time in the car, a gas rewards credit card might be an excellent option to rack up some cash. For example, according to Bankrate, the Bank Americard Cash Rewards card will earn you 3 percent cash back each time you fill up at the pump. This card also gives you 2 percent cash back at grocery stores and wholesale clubs. There are several other comparable options for gas cards including the Blue Cash Preferred Card from American Express and the Discover It Chrome card.

Earn Miles When You Fly

If you travel by plane regularly for work or leisure, why not cash in on those expenses? With most travel reward programs, you earn at least 1x points on miles flown that can be exchanged for airline credit and other bonuses. That said, the best travel credit cards allow you to collect points on all of your travel expenses. According to the Simple Dollar, when you travel with the Chase Sapphire Preferred Card, you'll earn 2x points on airfare, hotel and dining at restaurants. The Discover IT Miles card and the Barclaycard Arrival Plus World Elite MasterCard are also among the best value travel cards.

Everyday Rewards

Even if you don't commute or travel, you can still reap the savings of a credit card through a retail rewards program. Retail credit cards vary significantly, so it's imperative to read the fine print and weigh the pros and cons. For example, according to NerdWallet, the best credit card for everyday purchases is the Target REDCard. Instead of collecting points, this card allows you to save 5 percent on all Target purchases upfront. However, this card only works at Target and has a high interest rate. On the other hand, Amazon Prime members now have the opportunity to sign up for the new Amazon Prime Rewards Signature Visa cards. This program allows Prime members to save 5 percent on all Amazon purchases through a reward points system. This is a great option for those who already do a lot of online shopping.