Best New Credit Cards – Finding the Right Credit Card
It’s no surprise that many Americans with poor credit histories are applying for new credit cards. It’s really the world these days, and consumers need all the options they can get. The problem is that many issuers are not only offering new cards with high annual fees but also with substantial rewards programs that are simply not worth the cost. Here’s a look at the best offers to help you figure out which ones will work best for you.
One of the first things to look at when choosing new credit cards is their benefits and perks. The first thing that will come to mind is the APR. Different companies offer different interest rates and different perks, so take a close look at what the company has to offer and how it will affect your credit score. Some companies will give you instant rebates on every purchase you make, even if it’s just a few cents. Other companies will match your rebate dollar for dollar. No matter what your particular credit score, you’re sure to find a card with a bonus that will benefit you.
Aside from the benefits offered by the APR, another thing to consider is whether or not these new credit cards offer sign-up bonuses. Many cards offer an incentive when you sign up for their service, such as a $500 deposit to your account. Others offer cash back or airline miles for each dollar you charge. Just make sure that the sign-up bonus will be enough to cover your monthly payment without making it more than you can pay on time.
Another thing that you should keep in mind when comparing new credit cards is the interest rate. Credit card issuers are very competitive these days, and it’s in their own interest to keep interest rates as low as possible. That said, don’t just assume that the higher the interest rate, the better deal you’ll get. Be aware that some issuers will let you pay off your balance over time, which could save you money in the long run. Also, ask about any annual fees, grace periods, or other special deals before signing up.
Finally, make sure that you compare the features and benefits of the different cards before making your decision. Different companies will offer different incentives, but there are some perks that are more important than others. For example, airline miles are nice, but they aren’t really essential if you can fly by plane. Therefore, it’s important to find the best new credit card offers that offer the most benefits to maximize your use of the card.
In addition to the features and benefits, one of the most important aspects of credit cards these days is the sign-up bonus. The better the sign-up bonus, the more you can use it to further your goal of building credit. As such, it’s a good idea to look at the best new credit card offers that offer the largest sign-up bonus. This can be as large as five, ten, or even fifteen thousand dollars. However, remember that the larger the bonus, the more you will have to pay back to use it.
Finally, don’t forget to consider how the best new credit cards will offer you cash back. Most people think that all cash back credit cards simply give you cash back when you make a purchase, but there are also some cards that give you cash back for just spending time, as well. Therefore, you should look for credit cards that offer the best cash-back ratio. Ideally, you should get the most cash-back percentage possible. Ideally, you should be able to earn three percent back on the money you spent. Ideally, you should be able to earn five percent back.
In summary, there are a few key points to keep in mind when comparing credit card offers to find the best brand new credit cards. First, keep in mind that you should not just choose the card with the highest sign-up bonus and cash back percentage. You should also look for cards with the biggest cash back percentage and lowest interest rate. Finally, look for the types of rewards that you prefer.