Credit card offers seem to be in abundance these days. Credit card companies are all-to-eager to gain more and more customers in hope of earning more and more interest income from those cardholders. But more credit card offers also means something positive for potential credit card applicants: More selection.
When you can pick and choose which credit cards (and terms) for which to apply, then you can often choose a card that’s best for you and your financial situation. And with all of the potential benefits out there, you should absolutely take the time to find the card that will benefit you most.
Credit Card Offers–Things to Consider
Here are a few key things you want to keep in mind when it comes time to review credit card offers:
- Interest–Obviously an ideal credit card would contain a 0% introductory rate on purchases, and perhaps even a 0% balance transfer offer. This will allow you to save some money up-front, and essentially get an interest free loan. Also, beware of the interest rate after any introductory period. You want something low interest.
- Points or Rewards–There are a variety of points and rewards programs, such as airline miles, vacation points, cash rewards, etc. You want to look at the various point systems and find a rewards option that will work best with your lifestyle.
- Card Type–Not all places accept American Express or Discovercard. Don’t get me wrong–these are great credit cards to own, but some merchants still don’t accept them. So if this is your first (or only) credit card you will get, then you may want to stick with a Visa or Mastercard.
- Your Financial Situation–If you’re a student, a student credit card may be your ticket. Or if you have bad credit, a secured credit card may be best for you. Or if you are simply traveling or want to make purchases online (and don’t care about building your credit history), then perhaps a prepaid credit card would be best. So you definitely want to guage your financial situation so that you can choose a card that can help you.
Credit Card Offers–Conclusion
There are so many credit card offers available, that it can almost be overwhelming to a potential applicant. However, this can also be a great benefit, as you have more of a selection. This will enable you to be selective, and find a credit card with terms that best fit your financial situation. Just shop around, and think of a game-plan before you apply, and then you can select a card that’s right for you.