Finding Credit Card Deals

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Finding Credit Card Deals

The savvy credit card user shops around for good deals, knowing that he or she can save a bundle in fees and interest charges. Thousands of financial institutions and other organizations offer credit cards.

The first step to take is to make sure that your credit is in good standing. If it is, you will have a lot of opportunities, and they will be on good terms for you. If your credit is not good, there are still opportunities, but they are fewer, and the terms are not as good.

Read the fine print online

By law, credit card companies must display credit card contracts online. This means that you can invest some time in reading them, comparing their interest rates, their fees, how they charge interest rates, their rewards programs, and other features.

Credit card Websites

Many online sites will compare credit cards for you. They will compare interest rates, rewards, introductory interest rates, fees, and credit requirements. Some of them categorize cards into uses, such as student cards, secured cards, low-interest credit cards, cards for bad credit, and more.

Examples of these credit card marketplaces include creditcards.com and bankrate.com.

It pays to be connected

Are you a university alum or a member of a professional organization? You can qualify for a credit card through them, and they may have low interest rates and other valuable perks.

Try a credit union

Many times, credit unions have the most favorable interest rates on credit cards. If your credit is not very good but you have a checking account or a share account, you can apply for a secured credit card that uses that account as collateral. This can help you build up your credit over time.