|
No doubt, that in this topsy-turvy economy, you've heard
more and more talk about credit...it's tightening,it's loosening, cash-backs,
rewards, APR, zero fee transfers.... You get weekly solicitations in
the mail, telemarketer calls and emails with a wide variety of offers.
Argh! It's all so confusing and leaves you wondering what is the best
credit card offer? And that question really should be rephrased
as, "what is the best credit card offer for you?". If you're like most of us and carry a monthly balance the answer is simple. Get the card with the lowest interest rate. Period. However it you use your credit wisely and pay off your balance it's not as straightforward. Now you have to consider rewards or cash-back offers. Cards offering 1% to 5% of your spending back a great but tend to have a higher interest rate. This wipes out any reward if you carry a balance and don't pay it off every month. Consider the benefits of "reward" cards carefully when comparing them. If a card with a $150 annual fee offers a generous perk, such as a free airline ticket each year, but you don't travel, then that perk isn't worth a dime to you. So make sure you do your homework and consider the best credit card offer carefully. Above all, the best way to increase your choices and get the best deal is to have clean credit. To attract lenders make sure you pay on time, use 10% or less of your available credit, blend that type of accounts you're holding, hold a steady job and finally and above all...use your credit! Yes, using your credit cards responsibly keeps your credit scores intact. Use them at least once every quarter--go by some socks, lunch or a tank of gas. It resets the clock and keeps your credit in shape. Being diligent and deliberate will ensure you are entitled to the best credit card offer available. All this talk about credit has got me tuckered right out. I'm ready for lunch...you buying?
|
 |
