Credit Card

Credit Card deals

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1. Credit Card Incentives:

How much you are worth to a credit card issuer? Usually 100$-$500. Most people open a new credit card account online or on the phone. We also keep getting lot of credit card offers in the mail. The fact is, ‘customer acquisition cost’ for a credit card company run into 100s. Issuing credit cards has become a profitable business from variety of things- the interest rates are high on credit card balances plus credit card issuers, VISA, MASTERCARD, AMEX and DISCOVER, charge around 2% fees to merchants on every transaction. This sums up into lot of income for credit card issuers and also for credit card networks. If you don’t believe me, look at the stock prices of V (VISA) and MA (Mastercards)

I don’t want to tell you which is the ‘best credit card’. You make your own choice. Few things to consider are annual fees, rewards or cashbacks and APRs. If you intend to carry balance on your credit card, let me tell you that your every credit card issuer is going to love you. This means you have a higher value provided your credit score is good.

How to find credit card offers? Most offers are available online. Most aggressive credit card issues are Citicards, Sony, Airline companies, Chase, Bank of America etc. So look for their reward/cash back cards that offer you at least $100 upfront. It is not hard to find credit card they give you up to 25000 points or miles which translated into roughly $250.

Citibank, Chase are most aggressive. They always have some cash promotion for new credit card accounts with them. So it is best to Google ‘Citicard credit card promotions’ or ‘Chase credit card offers’. You can also do a general search for ‘Credit card offers’ or ‘credit card deals’. A 10 minutes spent on Google for credit cards can find you some great offers. So why open an account for free when you can get money for opening the same account?

Are you ready to get your $100-$200? Search Google from right here:

Google

2. Credit Card Rewards:

If you are still one of those unfortunate people who get only a credit card bill every month from credit card company, wake up. Besides monthly bills, you should be getting some cash back, points or miles to redeem for variety of things. Some credit card issuers do not pay anything upfront but pay you accelerated rewards- like up to 5% on gas purchases or grocery purchases for up to first 12 months. For an average US family that spends around 20,000 in purchases a year, the credit card rewards should bring in around $200 every year.I am planning to list below some good credit cards you should own from Sign-up bonus and Cashback rewards perspective.

Highlights:

The Chase Freedom Visa Credit Card offers 5% cash back on where you spend the most (15 categories). Categories include: Grocery Stores, Gas Stations, Fast Foot Restaurants, Cable/SAT TV/ISPs, and more. * Earn 5% Cash Back for every $1 spent in your top 3 categories * Earn 1% Cash Back for every $1 spent in purchases everywhere else * Save up $200 in rewards and redeem for $250 cash back * No Annual Fee * Get $50 Cash Back after your first purchase!

Do you keep balances on your credit cards? Here are some great 0% APR Cards.

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