Using The Common Types Of Credit Cards These Days

Some of the best credit card offers currently available include the American Express Platinum card

, which gives you up to 5% cashback for the first 3 months that you have it. Obviously there is a 'maximum spending limit' of a few thousand dollars, but that's still enough to earn you well over $100 in cashback. After those 3 months are up, the cashback rate drops down to 1.25%, which is still a respectable rate (since you'll earn $1.25 for every $100 you spend).

The best thing to do when applying for a 'time sensitive' CC such as this is to get it at a time of year (or just before) when you know you're going to be spending a lot, such as the Christmas holidays. 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 one 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.

Also don't forget to look for the annual fees that some credit card companies impose on you. You can see this in the small print of the relevant documents. 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.

When you're sure that you can pay off your credit card each month, you can use a card with some great rewards, such as the Airmiles card. For example the Airmiles by American Express actually earns you one Airmile point for every $20 that you spend. If you fly multiple times a year, this should be a good alternative to consider in the long run.

by: Jonathan Wolkers

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