How To Choose The Best Credit Card Deals Available
Choosing which offers to apply for can be a daunting process. Not all good credit cards are the same and with so many offers available it can become overwhelming quickly. Below we shall outline some points to consider when comparing our prime credit cards.
Prime credit cards: (gold, platinum, titanium) offer higher credit limits than normal cards and usually have additional options such as travel insurance or emergency service.
Grace Period: A good credit credit cards grace period is the number of days you have to pay your credit card bill without incurring a finance charge.
Your finance charge is the dollar amount you will pay to use your credit line, and it depends in part on your balance owed and your APR, or annual percentage rate. Various prime credit cards use different methods to calculate your finance charge, keep an eye as to the method used as it often makes a large difference in the finance charge. To consider: Is your outstanding balance calculated over one or two billing cycles, are new purchases included in the balance during this period, and is the adjusted balance, average daily balance, or previous balance used in the calculation. Also check, some cards have a minimum finance charge to be aware of.
Fees: Some good credit credit cards charge fees annually, some have over limit fees, late bill payment fees, international transaction fees, fees for balance transfers and more. Keep an eye on the fine print of chosen program.
Cash Advances: If you plan to use cash advances, it is wise to look for access check options to help reduce the cash advance fees usually associated. Be sure to note any atm fees if they apply to your prime credit cards.
Credit limit: Your new credit cards limit will be determined by your credit score, but but be aware if the credit card you are applying to has a max credit limit, be sure it will meet your planned needs before you apply.
Best Credit Card with Rewards: Rewards offers can offer a multitude of incentives for purchases made with the card. Rewards can include cash back rebates, frequent flyer travel miles, card holder warranty coverage, car rental insurance and purchase insurance, travel discounts with hotels or restaurants, concierge services and more. Your good credit history deserves the best compare the offers and choose good credit credit cards with rewards that fit your lifestyle.
The best credit card interest rates: Interest rates can either be variable or fixed, although in practice, there is not is little difference. Variable rate prime cards will have their APRs attached to an index, usually the prime rate, and will fluctuate with the short term rates. A fixed rate gives the indication of being able to lock in an interest rate for additional savings, but dont be mistaken. Federal law allows credit card issuers to change any terms of the prime credit cards, including its rate, with just 15 days notice.
When comparing prime credit cards to apply for, it is best to match your lifestyle with the offers. If you regularly pay off your outstanding credit card bill each month, the interest rate on your credit card is not as important as your annual fee with regards to savings.
If you more frequently carry a balance on your credit cards, a low interest rate program may be best for you. Over time, interest rate differences can make a large impact on savings. Shaving off a few points of interest can save extra money and help pay off these balances faster. Some prime credit cards offers have a 0% promotional interest rate for a time and afterward rise to higher APRs. These card offers are a great opportunity to make a large purchase, and then to pay off this purchase while the introductory 0% APR is still active.
If you are planning to use your prime credit cards for cash advances, be aware that most offers have a seperate Apr rate for this type of transaction, seperate from purchases.
When comparing the best credit card deals listed above, remember that each of the good credit card offers has terms and conditions unique to the issuer, each prime credit cards offer should be looked over carefully before you fill out an application.