Credit Cards


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Online Credit Card Offers

Written by Kathleen Gagne
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The trick to finding the best online credit card offers is to do some research. It starts with having a good idea of how your credit record will look to a credit card company. That doesn't necessarily mean that you have to get a copy of your credit report; it just means that you should look over your payment history for the last twelve months or so. If you have made one or two late payments or more, or have made late payments on more than one account, you will probably not qualify for the best interest rates and offers.

Let's look at how credit card companies make decisions. There are many levels of credit, but there are really only about three categories of credit history. If you have paid all of your bills on time and have occasionally paid more than your minimum monthly amounts, you would likely qualify for excellent credit card offers. The person described in the first paragraph might still qualify for a good credit card but might have to pay a slightly higher interest rate or fees. If you have had a bankruptcy within the last seven years, or have had major problems paying on time, you may need to look for a secured card or a card designed to help people rebuild credit.

Decide Which Online Credit Card Offers Work for You

It's a fact of life in the credit lane that a lot of inquiries on your report make it harder to get credit. It's also a fact that late payments and bankruptcies pretty much exclude you from getting the best credit card rates. So, then, it also makes great sense to look for online credit card offers for which you are relatively sure you can qualify.

Before you apply for any card, look at several. Make sure you can live with the offer and that $300 worth of credit won't cost you $250 to get. Watch out for high origination fees, monthly maintenance fees, and high annual fees. These all affect what your credit will cost you. If you have great credit, you will most likely be able to avoid the issues of fees and charges. If you fall into the bad credit category, you may want to consider a secured card if you can't get an unsecured one, but you should make sure that your credit limit is higher than the amount of your security. Note that pre-paid credit cards do not help you to rebuild credit, but secured credit cards can.

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