Why You Should Reject Most Credit Card Offers

A lot of credit card companies want you to think thatAnother reason why you should not accept just any
their offer is a good one - without really offering youcredit card offer is because it may not give you the
good features. For instance, this morning, a credit cardgreatest opportunity to benefit from the rewards.
offer came in the mail. After looking it over, it wasApplications sent to you, or ads on the Internet may
rejected - because it lacked the "right features." Itnot cater to your particular needs. Find a card that
would have been unwise to sign up for that card. Ifoffers rebates and rewards on the products and
you are thinking about getting a credit card - or maybeservices that you use the most. Things like gasoline, air
another one, there are some reasons why you maymiles if you travel a lot, groceries, discounts on hotels,
not want to fill out the next application that comes toetc., will benefit you much more if you use these things
you in the mail. Here are some things you need to lookon a regular basis. Things like air miles can actually help
for to see if it really is such a good deal.you to get enough air miles to make that trip that you
The Interest Ratehave always wanted - just remember to find out how
The first reason that this credit card was not a goodlong they are good for - there is usually an expiration
one was because there were no introductory interestdate after a couple of years.
rates on the card at all. It was just for one rate - 9.9%.Other Fees
All purchases came into that interest bracket. ManyThis is one area where some credit cards can really
cards will give you a 0% interest rate as theirtake away a lot of your benefits. Look for things like
introductory offer for up to 15 months. That meansprocessing fees, yearly fees, balance transfer fees,
that you pay no interest on your purchases for up toand fees for cash advances. The best cards, if you
one whole year, unless your payments are late, or ifcan get one, often will not have extra fees - or,
you allow a balance to be carried over to the nextpossibly a minimal one.
month.In addition to the above, you need to know that things
This particular interest rate, while not bad, is certainlylike only one late payment can remove your desired
not the best, either. Some credit cards go as low asbenefits and put you into the regular interest rate for
6.9% interest, and others may go as high as 17.9%.the card. Othercards may require you to have a
After the first year, though, your interest levelminimum balance in order to get their benefits.
becomes the regular amount of the card. InterestEvery credit card offer will always have some nice
rates can change for many reasons - one of themfeature in bold print that will get your attention. That's
being late payments. One of the things that will effectnot where you should look, though. Instead, focus on
what interest rate you are able to get is your currentwhat is in the small print - that's where the nitty-gritty
credit rating.details really are, and you will want to read these first.
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