Tips On Which Credit Cards Are Most Popular Right Now
One of the best credit card offers that you can currently have is the American Express Platinum card. This gives you up to 5% cashback on the first 3 months, after which it drops to 1.25%. Either way it is a great rate, since even with the 1.25 you effectively earn $1.25 for every $100 you spend.
When you want to apply for a time sensitive credit card, what you need to do is get it just before one of the major holidays when you will be doing lots of spending. So this will ensure that you will be able to really use the 5% rate. This is why people find this card one of the best ones in the market today.
Earlier one you could be easily bullied by the credit card companies in getting a high interest rate card. Nowadays, however, you can find many good ones with very low interest rate, or even with no interest on them at all. This makes this card really safe to have as you don’t have to worry about being charged high interest rates on it.
Another thing that you need to watch out for is the dreaded ‘annual fee’, which lots of companies used to charge in the past (but is less common now). That being said, when taking out a credit card always ask if there’s an annual fee (just in case you missed it in the small print). If you find that your card has annual fees, you can be sure that you will be able to find better cards with better rates someplace else.
If you’re fairly confident that you can pay off your credit card every month you might want to sacrifice a little bit of that ‘low interest security’ for some useful reward, such as Airmiles. The AMEX (i.e. American Express) Airmiles card earns you 1 Airmile for every $20 that you spend. If you fly multiple times a year, this should definitely be a good alternative to consider.
By using a low interest rate credit card you will save lots of money in the long run. Visit interest free credit cards for more information.
September 8, 2010
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Posted by Jonathan Wolkers
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