What Are The Best Credit Card Offers Available Out There?

There are so many credit cards available nowadays that it's actually bewildering to the average consumer

. In this short article we will not be making any specific recommendations, but rather look at the general properties of the best credit card offers out there right now.

The very first thing you must keep in mind here, is to not overdo it. Every time you apply for a credit card it is recorded by the credit bureaus. If you, therefore, apply for 3 credit cards a day, you are soon going to be picked up by the system and might be rated as a credit risk. Apply for one card, give all the necessary information and wait for it to be approved.

Probably the most important aspect you have to look out for is the APR, or Annual Percentage Rate. This simply means how much interest they are going to charge you on the outstanding balance per year.

You should look for a credit card company offering at the very least a 6 month interest free period. Beware of the companies publishing a 0% APR for periods 'up to 1 year'. The trick is that 'up to' phrase - that is only a good option if you know you are highly credit worthy. Otherwise you might end up getting an interest-free period of even less than 6 months.

Another important factor to take into account is whether you will be earning cash back points on your purchases. Some card issuers give as much as 5% cash back points - which you can redeem for products or services later on. Some will give you cash back on gas purchases, others on groceries or when you fly.

Also important in this regard is the annual fee. Since you will be paying this whether you buy anything with the card or not, you should shop around for the lowest annual fee. Don't fall for tricks like "from $0 yearly fees": they will first give you a credit rating and once the card has been issued you might be paying a very high annual fee. The best credit card offers will clearly state their annual fee.

by: Ben Sparks.

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