Credit Card Deals

Written by Jared Vincenti
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With the large number of credit card companies out there, it can be hard to know just which deal is the best for you. Between offering low interest rates, high credit limits, no annual fees, and various rewards programs, it's easy to get confused. But looking for a few key factors can make it a lot easier.

Comparing Credit Cards

The first factor to use to compare credit cards is the APR. This represents the amount of money you will be paying in interest on your credit card balance. Thus, you want to be sure to get a card with a low APR. Low "introductory" or "variable" APR rates may seem enticing, but can be deceptive. Be sure to get a fixed APR on your card, and as low as you can get with your credit.

You also want to consider your credit limit. A high credit limit is a bonus, but can also be a liability. Look for a card with a limit that you could pay off in full in three months if you needed to. Some cards may have annual fees attached--but cards without annual fees are common enough that you shouldn't take a card that has an annual fee.

Finally, most credit cards offer some sort of rewards system. Whether cash back or credit toward future purchases, these bonuses are usually attached to specific companies associated with the credit card company. You shouldn't let the bonuses decide which card you apply for, but they do make a good tie-breaker. Go with rewards that make your life easier, though. Many cards offer frequent flyer miles, knowing that most people run up their credit cards while on vacation. Pick a bonus that would help you every day.


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