Last months best credit card offers as selected by the viewers:
1) Chase Bank Platinum Visa 2) Discover Card More Card 3) American Express Blue Card 4) Citibank's Citi Platinum Select MasterCard
What are the best credit card offers for you?
0% credit card offers or fixed rate credit card offers or low interest credit card offers
When looking for the best credit card offers you must always look for either the best 0% credit card offer or best fixed rate credit card offer. Most think that from one 0% credit card offer to the next or from fixed rate credit card offer to the next they are the same for the most part and that is not true. There are many components which make up credit card offers.
The components of the best 0% credit card offers or best fixed rate credit card offers:
What is the duration of the introductory offer?
What is the percentage rate during the introductory offer?
What is the percentage rate after the introductory offer?
What is the available credit line for the credit card?
Is there a finance charge for the transfer?
If there is a finance charge, what is the percentage rate or flat fee?
For instance, when looking for the best 0% credit card offer you need to take a good look at the fine print. Most do not realize that most credit card companies charge for balance transfers and that is where the problem lies. If you do not know the charges exist, how are you supposed to know to look for credit card offers in which there are no finance charges? When there are fees, depending on your balance, your fee incurred for the transfer may cost more than the amount of interest you would be charged if you paid it off with regular payments.
Another major thing to consider is the timeframe in which you have to pay off the transferred balance. You must have a complete plan in which you should consider when selecting your credit card. For instance when looking at 0% credit card offers the offers basically range from 6 months up to 12 months. On a rare occasion you may find one for 18 months, but don’t count on it. For the most part you will want to look for 0% credit card offers with no finance charges and 12 month duration.
When 0% credit card offers are the best credit card offers
Make sure to calculate your monthly payments to see if you can pay it off within your introductory timeframe. If you can not payoff your transferred balance within the introductory period then recalculate based on 11 months. The idea is to pay on the credit card for eleven months then transfer that balance to another 0% credit card. Simply repeat this process until the transfer is paid off. 0%, no fees, and 12 months are the best credit card offers for individuals that will stay on top of their billing cycles and transfer any remaining balance before the end of the introductory period.
When fixed rate card offers are the best credit card offers
If you are the type of person that pays bills on time but loses track of time then the best credit card offers for you may be in the fixed rate credit card offers. Your immediate response would be if I am not paying interest how could it possibly be to my advantage to choose a fixed rate credit card offer over 0% credit card offers. The simple fact is if you do not promptly transfer your balance before your introductory offer is over you will get charged a premium interest rate by the credit card companies. The credit card companies use this process as a tool to make back lost interest.
When low interest credit card offers are the best credit card offers
With high debt you will find times that you are unable to get financing to cover the total amount owed so what do you do. First try to find the best credit card offer with regards to the lowest possible rate 0% credit card offers. You may find out that it takes multiple credit card offers to cover the amount or you may find out those credit card offers are not available to you. If you are unable to attain 0% financing, you will want to try low interest credit card offers. Shoot for the lowest credit card offer possible. The difference between fixed rate and low interest is major. A fixed rate credit card offer refers to a low interest credit card offer for a fixed rate for a fixed amount of time. A fixed rate credit card is usually only offered based on a promotional period and or one time use. In other words you can transfer a balance at the promotional rate for the life of the balance, and any future transfers will be at a new rate. Any charges made on the card will be at an inflated rate. In order to determine whether a fixed rate or low interest credit card offers are you best choices you must determine if you will be transferring to that credit card and if you will be charging on it afterwards. On a fixed rate credit card offer you will only want to transfer and pay down until you can transfer to a no fee 0% credit card offer, and on a low interest credit card offer you will use that to charge for daily use if you are not able to pay it off each month.
To determine which ones are the best credit card offers consider this:
0% credit card offers: 12 months - no transfer fees
Low interest credit card offers: no timeframe – fee are not applicable – daily use try no running balances
Fixed rate credit card offers: timeframe life of balance – watch fees – transfer large debts (student loans – car loans) something with a higher balance – pay on until it can be transferred to 0% with no fees
It takes multiple credit card offers being used together to achieve maximum efficiency or as little as two.
A minimum of one for daily purchases with a second for larger balances.
Purpose of credit cards:
1) one for daily purchases
2) the other for larger balances.
When it comes to 0% credit cards offers you will find no better offers directly from the credit card companies than these: