The game in acquiring credit card is not fixed at one rule. There are several things to think about and to consider to get the best ever deal for a credit card. The more flexible you are in choosing and maintaining your credit card the better deal you may get from a credit card issuer.
Lending companies also make offers to allure clients to apply credit cards from them. However, they propose an offer in such a way that their capital and profit are not compromised. They will also need to give rewards and other benefits to keep their clients banking needs or doing business with them. For many companies, the rewards and benefits that they give are just equivalent to the promotion cost that other business is spending to get the attention of customers.
There are banks and lending companies that offer one or more type of credit card. These cards vary on the benefits and offers. Deposits also differ according to the scope and the capacity of card and its credit limit.
There are offers that are constant throughout the activation of the card. These offers do not change in time but can be change if no longer applicable. Changing said offer will now be the prerogative of the company. There are offers that are already included or part of the card. For example, a card that is actually intended for online shopping may have greater usage if one shops often in the web. Credit card offers are just incentives given to the client but are very beneficial indeed.
These credit card offers does not make the company bankrupt, instead they may use this to profit more as they will have plenty of clients. The question now is what are the offers that are worthy to be grabbed by clients? Are all credit card offers feasible and realizable?
Well, not all offers may be true. There are offers that can be given only for a short period of time. Take for instance the annual fee. There may be companies that offer no annual fee for this year but only for this year. Surely the following year, that certain company will implement the annual fee and with little increase from the normal to regain back what was lost the previous year.
Here are some of the offers that may hold true in all credit cards.
– No APR – there are companies that will offer this kind of promo but with very strict condition. When a card secures such fees or rate, it is sometimes immaterial since the lending company has a guarantee that collateral maybe taken as payment for the capital lent. If you think that you can pay for the other interests and fees and you know that the company can never get the collateral, this offer is worth to be grabbed since it will lessen your dues.
– Low Interest rate – When a credit card is unsecured or student credit card the interest rate may be higher. Although there are benefits that you can get from unsecured or student credit card, what is important is the less payment that you will be paying out of interest.
– Broader Credit Limit – this holds true to secured credit cards. This may also be feasible to unsecured credit cards however; good credit standing is a big factor.
– Cash Advance – a credit card is very useful if you can use it to advance cash for emergency purposes from an ATM. Banks and lending companies have different rules on how cash advance be implemented. There are credit cards that can advance 100 percent of the credit limit and there are some that are only limited to 30 – 50 percent of same.