There are many new credit card offers on the market today. While it is easy to see why, the hard part is choosing what to do with them. If you've been a loyal customer for a long time, chances are your bank or card issuer will offer you something new. The key to finding the best offers is knowing where and how to find the best offers. Here are some tips to help you find the credit cards that offer the most incentives.
Shop around. You'll want to shop around online and off to find the best new credit cards. Many issuers will launch new offers into the market daily. Take advantage of this by visiting a number of sites to compare offers and fees. You can also sign up for alerts so that you get emails when new credit card offers arrive. If you are patient, you may be able to grab an even better deal.
Look for the balance transfer introductory offers. Balance transfers offer low interest rates. Because companies need to make money, they will often offer low introductory rates on balance transfers. The problem with balance transfers is that they will usually only last for a few months. After the introductory period, you will likely have to pay interest again.
Go to the website for the issuing bank. The websites for the top banks often feature information about their best new credit cards. Be sure to check out the details because you don't want to choose something you won't be satisfied with. You'll want to use the website to compare costs and benefits of different offers.
Talk to customer service. Some card issuers provide free customer service online. If you don't see this, look for other card issuers and contact them directly. Many card issuers have direct mailing operations in many communities.
Check out offers with zero percent balance transfers. Zero percent balance transfers are great if you have good credit. Card issuers want to get people to transfer their balances to their cards to get new credit cards. Be sure to compare zero percent balance transfer credit cards before you choose your new credit cards.
Go to your bank or other card issuer's website. There is a wealth of information at card issuers' websites that you can compare cards on. Find out how long it will take to pay off your balance and what fees and charges you will be responsible for. Review all the details to find the best new credit card offers.
Use a free online calculator. A free online interest rate calculator can quickly give you an idea of what your new credit card offer may offer you. This is important because interest rates vary from card to card. You may want to compare different interest rate packages based on your current financial situation to make sure that you are getting the best deal.
Apply online. Most card offers have an intro offer. This is a special offer that will save you a lot of money if you accept the offer before the expiration date. At the end of the introductory period, you will likely have to pay interest on any purchases you made. If you want to avoid paying interest, make sure you cancel your balance transfers and payments before the intro period ends.
Look for perks. Credit card issuers often provide several perks once you have accepted your new credit. These perks may include airline miles, points toward future purchases, reduced or zero interest rates on new credit purchases, cash back bonuses, or other great benefits. Before you decide to apply for a new credit card issuer, take advantage of all these perks so that you can maximize your savings.
Use price protection. Almost all credit cards offer some form of price protection. Price protection can reduce the amount you spend on purchases if the advertised price goes down, so it is a good idea to make sure you are aware of all the terms and conditions regarding price protection before applying for new credit cards.
Use your rewards. One of the best ways to make use of your rewards is by using them to pay off your outstanding balances. When you make regular purchases, your credit cards will report your activity to the issuer. The more regular your purchases are, the more your balances will increase. By paying off your balances, you will be able to keep your credit cards in your name and enjoy the perks, rewards and benefits associated with owning multiple credit cards.