The best credit card deals are typically reserved for consumers with excellent or good credit. Which credit card offer is best for you? It depends on how you plan to use the card. If you think you'll carry a balance from one month to the next, you'll want a low interest rate. But if you always pay your balance in full, you may want to find a rewards program with rebates on gas purchases or perhaps points for airline miles. Check out the offers to see which ones meet your financial needs.
Check your credit history
Start your search for the best credit card deals by checking your credit history and your credit score so you have a sense of how credit card companies will see you. If you need to improve your credit you can work on paying down your credit card balances and making on time payments for a few months, then check again to see if you are ready for an approval for the best credit card reward programs.
Credit card options
Your next step is to think about you intend to use your new credit card. Do you want to reduce your credit card debt, or make a big purchase with the new credit card? If you know you can pay off your credit card bill in full each month, then the ongoing interest rate doesn't have to be your first consideration. Instead, you can compare card offers based on how much you'll benefit from their perks.
Here are some options for credit cards:
- Zero percent balance transfer credit cards. If your goal is reduce your credit card debt, then compare balance transfer offers to find the card with the lowest balance transfer fee, the longest introductory period and the lowest ongoing interest rate.
- 0% introductory rate on purchases. Some credit cards come with zero percent on purchases, too, so if you intend to make a big purchase and pay it off over time, you should search for the credit card with the longest zero percent financing on purchases.
- Gas rebate credit cards. If you drive a lot, your best credit card option might be a gas rebate credit card so you get cash back on your gas. Check to see if you can get a better deal with a credit card that you can only use at one gas station or one that you can use at a variety of gas stations.
- Grocery credit cards. Some credit cards offer more points for grocery store purchases or restaurants, so make sure you match the rewards program to the way you use your credit card.
- Credit cards with miles promotions. If you fly often or would like to travel more, a credit card that earns airline frequent flier miles for purchases could be ideal. If you typically use only one airline, find a card that rewards you with miles on that airline. If you fly a variety of carriers, you can pick a credit card that allows you to convert rewards points to frequent flier miles on a variety of airlines.
- Credit cards with no foreign transaction fee. If you travel abroad, you know that transaction fees for foreign ATMs can add up fast. Credit cards that are designed for travelers often waive those fees.
- Cash back credit cards. Sometimes cash is all you really want. If so, look for a credit card that offers cash rebates in the form of a credit on your account or a check after you accumulate enough rebates.
As you can see, there are a lot of choices when it comes to the best credit cards. So, if you've decided which type of credit card deal will work best for you, compare credit cards to find the best offer.