Credit card offers can be found anywhere and everywhere these days. The offers are sent out in mass mailings in hopes that someone will bite. The truth is that the mass mailings have proven to be an effective way for credit card companies to land new customers.
Separating the good from the bad card offers can be tricky. The solicitations typically advertise the best that the card has to offer. For the most part, the advertisements use general terms to describe what they may be able to offer, these are not necessarily promises of what they will offer to you. The real offer comes after someone actually applies for the offer. Usually with most cards there is still an approval process that happens. The credit card company will check the application and decide eligibility depending on the applicants credit score.
Good Credit Offers
People with good credit have unlimited choices when it comes to choosing the best credit card deal. No fees lower than average rates and a wide range of rewards and perks are there for the choosing when you have an above average credit rating. The benefits are offered by the credit card companies as a reward to those who have a proven track record of paying their balances on time. A good credit report can offer many advantages in the credit card world.
Here are two credits cards that have been rated the top choices for those with excellent credit.
Citi Platinum Select Card
• 0% annual percentage rate for up to 15 months on purchases and balance transfers.
• No annual fee.
• No introductory APR
• A variable percentage rate as low as 11.99%.
This card is a no frills everyday card that does not offer extensive perks and rewards but rather a low rate and is geared towards the everyday cardholder with excellent credit.
Capital One Venture One Rewards Credit Card
• 0% annual percentage rate
• No annual fee
• No foreign transaction fee
• 13.9% variable APR.
• Travel rewards and mileage points that can have no expiration date.
This card is obviously marketed towards those that travel often. It has a slightly higher rate but offers extensive travel related perks such as frequent flyer miles and travel rewards.
Bad Credit Offers
Those with substandard or bad credit are forced to choose from a selection of card offers that have a different set of standards and benefits. The offers that are provided to those with below average credit are designed to target less than excellent credit and a higher level of risk for the credit card company. A higher risk often means higher fees and less advantages and limited credit. Here are two credits cards that have been rated the top choices for those with bad credit.
Account Now Prepaid Visa
• No activation fee
• Guaranteed approval without a credit check
• Designed to rebuild credit
• Offers free direct deposit and bill pay options
Public Savings Secured Visa Credit Card
• No APR for 6 months.
• 11.24% apr after 6 months.
• No annual fee
• No monthly fees
• No credit check or income verification requirements
Somewhere in the Middle
Having good or bad credit automatically puts you into a category. In a way being categorized makes some things like credit card approvals easier because you know where you stand. There are those that may not fall into the good or bad credit categories. Because credit card offers vary depending on credit history those who have no credit or fair credit sometimes have a harder time getting approved than even those with bad credit. In part this is because the credit card companies are unsure where to place people in terms of the risk they will pose as a cardholder. A search for credit cards geared towards those that don’t fall in to the good or bad category will turn up results that may be a good starting place for someone in between credit rating categories.
When searching for a card in general keep in mind that those that pose the least risk and have a higher credit rating are typically offered the lowest rates and grandest perks. Those that pose a greater risk or lower credit rating will find that fees are higher. The others fall somewhere in between. Regardless of your credit history, having a credit card and using it responsibility can put you back on the fast track to a more favorable credit rating.
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Tags: Card Offers, Offers
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