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Online Credit Card Offers: So Many Choices! |
Most people are hitting the internet to find
the best credit card offers they can. It can be a little bewildering
after you take a dive into the sea of incentives; there are offers
everywhere. Even if you have bad credit, it seems that there is an
offer for every conceivable incentive, financial goal, or personal
association. Credit providers have really done their research and
sliced and diced the market into specific, targeted niches. So, make
sure to compare offers to find the best credit card for you.
Popular Credit Card Offers
A quick survey of credit card
vendors shows there are some common categories for card offers.
We'll have a quick look at the usual suspects:
Cash Back
Cards ?Cash back cards are becoming more and more common. Every
major vendor offers them, and you can earn as much as 5% back on
specific purchases. Many cards focus on particular types of spending
habits (gas, entertainment, everyday purchases, etc). Have an idea
of what your money is most frequently going toward to maximize your
return on these great cards.
Airline Miles Cards ?Ah, yes,
the ubiquitous frequent flyer cards. These cards were all the rage
in the 1990's, and they are still quite popular today. Frequent
flyer cards operate much like cash back card offers, except your
rewards are obviously tallied in rewards miles. Be sure to read the
fine print to uncover flight restrictions and bonus plans. Airline
cards more typically have annual fees, but for heavy users these
plans more than pay for themselves.
Balance Transfer/Low
APR Cards This is the way to go for the fiscally minded among
us. If you tend to carry a balance on your card, then getting into a
nice balance transfer or low APR card can drastically cut your
monthly payments. The vast majority of balance transfer cards give
you a 0% APR grace period, and a typically low APR after that. This
should give you a nice chance to pay down your debt without paying
more interest than necessary.
Bad Credit Credit Cards
These cards, when used wisely, can be a great tool for improving
your credit score. Now, naturally, bad credit credit cards do not
typically come with many bells and whistles, but there are still
some great options out there. Check out Orchard Bank's Platinum or
Gold cards. The other option to consider is a Secured Card. A
secured card requires you to establish a savings account for
collateral, and that you pay your balance in full each month. If you
do that for a while you can work your way into something more
traditional.
Instant Approval Offers The name
explains it all. Instant approval cards offer a quick and easy
opportunity to get you started. You can apply online and usually
receive a credit decision within seconds of filling out an online
credit card application. There are many banks that offer instant
approval.
We have touched on the four most common
categories of credit cards. There are, of course, even more.
Whatever your fancy is, there is likely something for you. Your best
option is to take your time and shop around for the card just right
for you.
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