Intro Rate Wars: Credit Card Comparisons
Credit cards are generally created for the convenience of an owner to not carry heaps of cash anymore. It also provides flexibility of paying something that you purchased. It was made mainly for purchases but over the years, additional features aroused like cash advances, balance transfer credit cards and rewards programs. With the numerous competition around, credit card providers start to innovate and think of different offers to entice possible customers to switch to their 0 credit cards or apply for a new one for those beginners. Here are some comparison tips to help you decide.
Chase Platinum Visa® Card has 0% APR on both purchases and balance transfers for 12 months. It doesn’t have an annual fee and you can earn a point for every dollar you spend using the credit card and redeem them for travel, cash, merchandise or gift certificates.
Discover® MoreSM Card also offers 0% APR for both purchases and balance transfers for 12 months and has no annual fee either. Their difference is that instead of getting points, you earn cash rebates for this credit card. You can get 5% Cashback Bonus® on purchases in popular categories that varies four times a year and up to 1% on everywhere else.
Blue from American Express® comes with a 0% APR for 12 months on purchases 2.99% on transfers. Their balance transfer offers though aren’t fixed for 12 months (but usually is). The advantage of this card though is that it does have a lower possible standard rate after the introductory rate. It also comes with a Membership Rewards® program exclusive with American Express where card members earn a point for every dollar spent on eligible charges and can be redeemed towards a variety of choices.
Citi® Platinum Select® Card also offers a fixed rate of 0% for up 12 months. The introductory rate though can’t guarantee that it would be for a full 12 months depending on th application. It may be approved for 3 months, 6 months or 9 months only. It also doesn’t have an annual fee and can go as low as 7.49% variable for the standard rate. It doesn’t have any rewards program though at this moment.
Disney Visa® Credit Card from Chase is a cobranded card specifically for those who are Disney fanatics. You can earn 1% or more in Disney Dream Reward Dollars for every dollar you spend and pay 0% APR for 6 months on Disney Vacation Packages.
Bank of America Cash Rewards Platinum Plus® MasterCard® offers 0% introductory rate good for 15 whole months and doesn’t have membership fee too. The only setback here is that the standard rate ranges from 9.9% to 19.99% variable.
Clear from American Express® is a unique credit card that boasts its benefit of having no fee with the card—which includes late fee, annual membership fees, over limit fees, no good check fees and others. It also comes with 0% APR on purchases and 3.99% for balance transfers.
There are definitely a lot of cards out there in the market today. These offers vary from each other but are all competitive in a way. Just choose which one would better work for you and remember to keep your account in good standing at all times to keep your introductory rate rolling.
