Best Credit Card Deals – How to Get The Best One
The best credit card deals will be directly related to your spending habits. Let’s quickly discuss what the best offers will have and then we can look at how they are different and how you can choose the right one for you.
These cards will provide you with a low APR. There will be a 0% intro APR for 6-12 months and then a regular APR ranging from 10% -17%. Also you will be offered a 0% APR for balance transfers for the first 6-12 months.
There is no annual fee except for with American Express and certain specialty cards like an airline miles card. You will be offered some form of an initial incentive like cash back, extra point earnings, free airline tickets … These shiny objects are only temporary and not what you should make your decision on. Instead think long term, I assure you the issuer is thinking that way. From their perspective once they have their card in your wallet you will have it for life.
It is extremely important to identify two things before you decide on any card. These two things will help you navigate all the offers that are thrown at you and help you pick the best card for you.
Where do you use your card the most?How do you want to benefit – cash, rewards, travel …. The first where you are using your card most often will help you to pick an offer that has the best reward program for your spending habits. Some of these cards will give you extra point earning ability for certain purchases or from specific retailers. For instance, one card may give you 2x as many point earnings for all your grocery shopping.
Next it is equally important to decide how you want to redeem your spending. Due to your good credit score you can truly benefit from using a card, especially if you don’t carry a balance and avoid those interest rates. These deals will vary with how you benefit from your spending and you need to decide what you want. For example, some cards will provide a high cash back rate like 5% or extra incentives to redeem your points for airline tickets.
Make sure you check out the reward or cash back program. Your earnings should never expire and if you can get access or view how to redeem your earnings we would suggest that.
Your card will give you online account access 24 / 7 and customer support. Some deals will give you roadside assistance, travel assistance …. These benefits will vary from issuer to issuer. Naturally your account will be protected by a zero liability policy which will keep you safe in the event that your card is lost or stolen.
Due to having a good score make sure to do your homework in order to find the best deal for you and your purchasing habits. If used very responsibly you can actually earn some great benefits from using a card for your purchases instead of cash.
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