What Types Of Credit Card Offers Are Out There?
Posted at by ifydcat on category CreditThere are numerous providers of credit cards out there. Before you choose one, you could wish to consider:
- what your spending habits are;
- how you usually you spend your money; and
- how much you wish to repay each month.
Knowing the answers to these questions may help you decide which offer to choose.
Interest rate offers
Some of the most eye catching credit card offers might typically include the 0% and low interest rate ones. Typically the low interest rate may apply to balance transfers (where you transfer an outstanding sum you may have from another card).
Such low introductory rates could only last for a limited period, after which the new interest rate may be much higher. This could be suitable if you wish to pay off your existing credit cards.
However, if you intend to continue spending on the card, you may wish to check what the interest rate for new purchases is. The interest rates could differ on credit cards depending on what it is you want to do.
Reward scheme offers
If you already participate in a customer loyalty scheme these types of credit card offers may perhaps seem familiar to you. You could get a reward scheme credit card and this may work out well if you shop at the same place. Some might typically also cashback as a percentage of the money that you have spent.
If you are lucky enough to be able to pay off the balance each month this is to your advantage. By paying off the balance before any interest becomes due, you may collect the “reward” and enjoy the benefits.
However if not you may lose out as the interest could be high.
Charity credit cards
Instead of collecting rewards for you every time you spend money on your credit card, charity cards might make donations to charities instead. Charity credit card offers may be an efficient method for you to direct funds to the charity of your choice.
