How to pick the best credit card deals in the town
Have you ever tried to select a credit card? If yes, you may be overwhelmed by the hundreds of options and offers available in the market. It is not an easy task to choose the right credit card from the options available in bulk.
Moreover, only one credit card may not be enough for all your needs. Reward schemes, seasonal offers, deals may vary from card to card. So, you may keep more than one to get the full range of benefits. Here, we introduce a comprehensive guideline with three simple steps which lead you to choose the best credit card in the town.
Know your credit score
Checking and knowing your credit score will let your lenders know your financial status and stability. However, there are numerous ways to check credit scores. For example, many card providers recommend the FICO score for the evaluation of your credit score.
FICO score is a kind of summary of your credit card report. Likewise, it will indicate how long you have credit, the amount of credit, how much you have paid on time, and your available credit limits.
Typically, FICO scores range from 300 to 850. From the below table, you can get a quick look at the position you fall in with your FICO Score.
FICO Ratings
| Rating | Credit Score |
| Very poor | 300-579 |
| Fair | 580-669 |
| Good | 670-739 |
| Very good | 740-799 |
| Exceptional | 800-850 |
To obtain your FICO score, you must provide your personal information, including your social security number, and answer the questions to verify your identity.
So, when you know the FICO score, if it is not up to the level you expected, you may have to take action to explore the cause. You can exactly know where the error is by referring to card reports. Certainly change the score; you may reconsider your expanding habits and put extra effort into settling the debts. So, you do the math and get the score up to the expected level.
Identify the credit card type you needed
There are several types of credit cards. All the credit cards do not function at the same phase. Some are good at rewards, while some are good at the low-interest rates. So following are the three general types of credit card you may meet in the market.
- Credit cards that help to save interest
- Credit card with lots of rewards and point schemes
- The card that helps you when your credit is damaged or limited
Card with 0% APR allows you to purchase goods with a credit card without incurred interest for a limited period. You have to keep the minimum payment per month to save 0% APR live.
A balance transfer offer will let you transfer the high-interest credit balance to a low-interest credit card.
However, these offers will be limited to users how to have a high credit score. Also, these types of offers are hard to find.
If you have a regular monthly income and pay off your credit card balance every month, this is for you. Usually, these cards have a high APR. But they offer more extensive signup offers, extra points, or miles. In addition, these rewards can redeem with selected merchants.
Narrow down your options and jump into the right one
Now you are well aware of your needs and the position. You can surf the web or pay a visit to few banks in your town to explore the options that suit your findings.
Here are some questions you might like to answer to get better results.
Does the credit card offer rewards? How can I redeem the points?
What is the balance transfer policy of the credit card?
What is the 0% APR interval, and what is the ongoing APR?
So, we hope now you have a pretty good view on selecting a sound credit card that will add value to you. So, now are turning to ongoing best credit card deals, and offers will be available in October 2021.
Best Credit Cards Deals of 2021
Here we have picked a few of the best personal credit card deals in the U.S. right now. You may go through the details and select the best one for you.
Chase Sapphire Proffered Card
| Annual Fee | $95 |
| Intro Offer | You can earn 100,000/- points after you spend $4,000 on purchase in the first three months of account opening. |
| Regular AER | 15.99% – 22.99% (Variable) |
| 0% AER | No |
| Credit Score | Excellent / Good (700-749) |
| Rewards | Up to 5x rewards on travel purchase through Chase ultimate rewards, 3x points on dining, and 2x points on all other travel purchases |
| Pros | · High chances to earn points by travel options
· Travel and shopping protection |
| Cons | · Annual fee
· You have to book through Chase to get a maximum of travel point benefits |
Discover it® Cash Back Credit Card
| Annual Fee | $0 |
| Intro Offer | Discover will match all the cash back you have earned in the first 12 months without a min-max limit. |
| Regular AER | 11.99% – 22.99% (Variable) |
| 0% AER | First 14 months and after that, regular AER will apply |
| Credit Score | Excellent / Good (670-850) |
| Rewards | You can earn 5% cashback on everyday purchases. Each quarter will announce different places to buy |
| Pros | · No annual fee
· Ultimate cashback offer; you can turn $100 into $200 · Can redeem cashback at any given time |
| Cons | · Bonus categories request to enroll
· 5% cashback required $1,500 purchase in each quarter |
Wells Fargo Active Cash® Credit Card
| Annual Fee | $0 |
| Intro Offer | You can earn a $200 cash reward after spending $1,000 within the first three months. |
| Regular AER | 14.99% – 24.99% (Variable) |
| 0% AER | 0% APR for the balance transfer within the first three months. Intro offer valid for the first 15 months. |
| Credit Score | Excellent / Good (690-850) |
| Rewards | You can earn an unlimited cashback reward of 2% |
| Pros | · No annual fee
· Ultimate cashback offer; you can turn $100 into $200 · Can redeem cashback at any given time |
| Cons | · Bonus categories request to enroll
· 5% cashback required $1,500 purchase in each quarter |
BankAmercard® Credit Card
| Annual Fee | $0 |
| Intro Offer | $100 statement credit for $1,000 purchases in the first three months |
| Regular AER | 12.99% – 22.99% (Variable) |
| 0% AER | 0% APR for 18 billing cycles for purchases, 60day 0% AER for balance transfers subject to 3% fee (min $10) |
| Credit Score | Excellent / Good (700-749) |
| Rewards | N/A |
| Pros | · No annual fee
· No penalty AER |
| Cons | · No rewards program
· Fees on balance transactions |
Discover it® Students Cash Back Credit Card
| Annual Fee | $0 |
| Intro Offer | Unlimited match on cashback, no min-max limit |
| Regular AER | 12.99% – 21.99% (Variable) |
| 0% AER | For purchase intro APR 0%
For balance transfer intro APR 10.99% for six months |
| Credit Score | Excellent / Good (690-850)
|
| Rewards | You can earn 5% cashback on everyday purchases from Amazon, Grocery stores, restaurants, and gas stations in different quarters. In addition to that, a 1% flat cashback offer for everyday purchases. |
| Pros | · No annual fee
· Good grade rewards; you can earn $20 credit if you have GPA over 3.0 for the next five years · No APR change for late payments · Refer a Friend program: you can refer a friend and earn a statement credit |
| Cons | · High APR for balance trasfer |
In conclusion, you may experience a variety of options, rewards, and many other things by only reading the above tables. But, there are lots of credit card options except for the above-hand picks ones. So, you can do your homework and find the best credit card deals for yourself.
Credit cards are tools to make comfy of your life and spendings. Certainly not to depend on credit cards. We hope you have enjoyed your reading and added some value to your life.
Disclaimer: we are not financial advisors, and all the above information is directly extracted from the official websites.
