Tough and wear resistant, cobalt steel bits last at least twice as long as high-speed steel. They can also run up to 25% faster at higher temperatures without being damaged on hard materials, such as nickel.

With more cutting edges than other drill bits, these cut continuously and consistently for a smoother finish. They also stay centered to produce holes that are straighter and more accurate. However, since there’s less space between the cutting edges, they don’t clear chips as quickly. Made of carbide, these are the hardest and most wear-resistant drill bits you can buy. They stay sharp at high temperatures and faster speeds for the best performance on hard and difficult-to-machine materials. Carbide can be brittle, however, so these bits require a rigid machine tool holder to prevent breakage and should not be used in hand drilling applications.

With flutes that lift chips out of the hole, you don't have to stop drilling to clear these bits manually. They improve coolant flow to dissipate heat and prevent clogs that can damage the bit and ruin the hole. High-speed steel is good for general purpose drilling in most metals.

With flutes that spiral in the opposite direction of other bits, these are primarily used to remove stripped screws. Choose a bit that’s slightly smaller than the diameter of the screw’s head. Set your power tool to rotate in reverse. Slowly drill in the center of the screw head, maintaining constant pressure. As the bit penetrates, it will catch onto the screw and reverse it out of the hole. If the screw is badly stripped, you might need to punch a starter hole. Also known as reverse-flute bits. High-speed steel is the versatile choice for drilling most metals.