Credit Card Deals
Posted January 29th, 2009 There are a lot of terrific credit card deals right now, largely due to the slow economy. In order to attract new customers, credit card issuers are offering a lot of incentives to those who sign up for the cards.
One card that’s relatively new is the balance transfer card. These credit card deals allow you to take balances from a high interest card and transfer them to a card that, many times, has zero interest for a certain period of time. You can find these cards with little or no interest for periods of up to a year, allowing you to pay off your debt over that time and save a lot on finance charges. Be very careful, though, to read the terms and conditions. Many of these cards have a clause stating that adding new charges to the card will cause interest rates to be applied not only to the new charges but to the entire balance on the card. Balance transfer cards are great financial tools if you know and abide by the rules.
Other credit card deals might offer you reward programs. These can save you quite a bit of money, too. While 1-3% cash back may not sound like a lot, it can really add up. If you use the card for everyday expenses like groceries, pay your utility bills and buy your gas with it you can amass quite a bit of cash! You can use that cash to add to your savings account or even apply it to your monthly balance.
Other reward programs offer points that can be turned in for gift cards. These can come in quite handy during the holidays or a loved one’s birthday! Sometimes you can profit more from points programs than cash back rewards. If you get five points for each dollar spent and need 2500 points to get a $25 gift card that means you’ll only have to spend $500 to get that reward. Compare that $25 card to the $5-15 you’d get if you chose a 1-3% cash back reward and the choice is pretty clear which one you should choose.
There are also cards that offer airline miles for every dollar spent and if you like to travel this might be a good choice for you. Be careful to choose a program that doesn’t allow your miles to expire after a certain period or black out certain days when you might want to use your miles.
Credit card issuers are also forgoing annual fees in an effort to attract new customers. Many “premium” cards have reduced or done away altogether with their annual fees but kept the services or perks that those fees helped to pay for. Shop around enough and you can find a card that pays to insure your rental cars or provides trip insurance when you travel.
People who viewed this Page also viewed these Pages
Leave a Comment
Comparison of Top 10 Credit Card Offers
| Credit Card | Card Details | Interest Rate | Cash Advance Rate | Balance Transfer Rate | Annual fee | Interest free days | ||
|---|---|---|---|---|---|---|---|---|
 Halifax All in One Credit Card |
The Halifax All in One credit card offers a great introductory rate, and is perfect for saving you money now as well as in the future. | 15.9% APR | 27.95% p.a. (variable) | 0% for 9 months | No Annual Fee | 59 Days interest free |
 |
|
 Virgin Credit Card |
As well as a great rate, the Virgin Credit Card comes with:
|
16.6% APR (variable) | 27.9% p.a. (variable) | 0% for 16 Months (2.98% fee on balance transfers) | No Annual Fee | 50 days on card purchases |
|
|
 Capital One Classic Visa |
This card is designed for people with bad credit ratings, this is why the rate is quite high. |
Typical 34.9% APR variable | 34.9% APR | 34.9% APR | No Annual Fee | 56 days for purchases. 0 days for balance transfers and cash. |
|
|
|
As well as earning Flying Club miles which you can spend on brilliant rewards like flights, upgrades, car hire and more, a Virgin Atlantic Credit Card gives you up to 46 days interest free on card purchases. |
17.9% APR typical rate | 20.9% p.a. (variable) | 0% for 6 months (2% handling fee) | No Annual Fee | Up to 46 days on card purchases only. |
|
|
|
The Virgin Prepaid MasterCard from Virgin Money is a prepaid Mastercard that you can add funds to, and use these funds for normal purchases. |
N/A | N/A | N/A | N/A | N/A |
|
|
|
5% cashback on purchases in your first three months (up to £4,000 of spend). Thereafter, earn 0.5% on the first £3,500, 1% on £3,501 to £10,000, and 1.5% after £10,001. |
18.9% p.a. | 27.9% p.a. | 18.9% p.a | No Annual Fee | 56 days for purchases. 0 days for balance transfers and cash. |
|
|
|
Vanquis Visa Card is designed for people with no credit history or who have previously had bad debt. Representative 39.9% APR (variable) |
Representative 39.9% APR (variable) | 39.9% | N/A | No Annual Fee | Up to 56 days on card purchases only |
|
|
|
The award winning prepaid card with no credit check or bank account needed. | Funds in your Account will not earn interest | Prepaid only - N/A | Prepaid only - N/A | £59.40 p.a. (£4.95/month) | Prepaid only - N/A |
|
