There are many credit card companies today just
waiting to approve your credit card application. Likewise, there are a
huge variety of credit cards which supposedly offering the best schemes.
Each individual has unique needs so all programs and schemes would not
be satisfactory to all. Investigate about the scheme that best suits you
to use that card for a long period of time.
Low Interest Credit Cards
The low interest credit cards are one
of the latest additions into the already wide range of credit cards
available today. If you are a US resident, you must have heard about
these kinds of cards. They come with a low interest rate and allow you
to transfer the balance from a higher interest card to low interest one.
Moreover, your transferred balance will be held at 0% interest for a
prescribed period or if not, then a very low interest rate. This can
certainly save you a significant amount. Go for this option if you hope
and are sure to pay it off.
Airline-Sponsored Credit Cards
Credit cards have become such a big
business these days that even airlines offer credit cards to their
customers. These credit cards offer a fixed amount of flyer miles
depending upon the balance and transactions. If you happen to be a
frequent flyer, this is a great scheme for you.
Reward Credit Cards
Reward credit cards are also becoming
increasingly popular. The competition is high and each company is coming
out with attractive incentives and gifts, rewards to lure you to use
their card. After your points accumulate to a certain level, you will
start receiving gifts. The rewards range from travel insurance to small
appliances and many other kind of things. If you are among those who use
the card very often, a card with a reward program is really beneficial
to you.
Instant Approval Credit Cards
Instant approval cards are another kind
of cards that are popular today. You apply for this card and get an
immediate approval without much time to wait in between. Once you submit
the application, the company does a quick verification of your
background and approves your application quickly. Other normal cards
usually take about two weeks to process and approve your application.
Although you get instant approval, you may not be able to avail
immediate credit. You might be given a temporary credit card and allowed
to make purchases. However, not all companies will do this because of
the risk of credit card fraud.
Investigate thoroughly before choosing a
credit card. Make an informed decision with regards to choose a card
that is best for you. Never apply for too many cards since that will
burden you in the long run.
No comments:
Post a Comment