Having a credit card these days often means far more than just having the ability to charge purchases, gas for your car, restaurant meals, and more. It means getting bonuses, such as airline mileage, cash back, gasoline, and other incentives that credit card companies use to lure consumers to use their credit cards. Some credit cards have very detailed plans that need to be gone over carefully before signing an application.
One of the most popular credit cards is the Chase Freedom Visa with a 0 percent Intro APR for 12 months when you transfer your balance to Chase Bank. After the 0 percent period ends, the interest rate ranges from 9.99 percent to 22.99 percent. There are other bonuses to this card other than a 0 percent interest rate, including a $50 cash back bonus after the first purchase, five percent cash back quarterly on certain purchases, and unlimited one percent cash back on all other purchases. In addition, if you shop at certain online sites, there is a 10 percent cash back, along with no annual fee. Besides getting all of these bonuses, individuals with excellent credit can have the low interest rate of 9.99 percent after the introductory period is over – a rate much lower than many other credit card companies offer.
Chase offers another very good rate on their Slate from Chase. It has a 0 percent introductory APR for up to 18 months. The bank recommends that customers transfer their higher rate balances to this card to save on interest rates. Both of the Chase cards require excellent credit. CitiBank also offers two 0 percent introductory APR on balance transfers for 18 months and on purchases for 12 months. The interest rate after that time is from 11.99 percent to 20.99, depending on credit scores. Those with excellent credit can still have a low interest rate on any balances that they have.
BankAmericard offers a Cash Rewards Visa Signature Card with a $50 cash back bonus and a 0 percent introductory APR . This card also offers three percent cash back on gas, groceries, and drug store purchases for the first six months. Cash back incentives are offered with it as well. Blue Sky from American Express has a credit card rate of 0 percent APR on purchases for up to 12 months, and no annual fee. They also provide travel rewards with points that can be redeemed for flights on airlines, hotels, and used for car rentals. This card’s regular interest rates vary from 17.24 percent to 21.24 percent, depending on credit scores, which is quite a bit higher than some other interest rates.
Those with fair credit would not qualify for many credit cards, but the Household Bank Premium Master Card is a good choice for those in this credit category. The company offers a 0 percent introductory APR for nine months. The regular interest rate is 19.90 percent. They also offer 1 percent cash back on every purchase.
Anyone with bad credit who is looking for a credit card will find at least two different options. One of these is to use a prepaid credit card. This card has no interest fee because it is filled with a certain amount of cash, and when it has been spent, the card is of no use. The other option is to apply for a secured credit card. This is a real credit card that can be used to rebuild bad credit because a report is sent to the three major credit bureaus each month. The interest rates vary greatly and are usually much higher than for excellent credit cards.
