Excellent Credit Card You Have Never Seen Before
The internet is usually a good source for any information. Actually, it seems that it is more or less the only place where you can search and obtain information. However, there is business with it providing and distributing information to consumers who are searching for opinions or advices that would help them with their decisions.
One great example is the credit cards for the reason that there is money when you convince people that some cards are far better compared to other cards. This shows that nearly all the site that publish credit card recommendations are being paid to promote the marketing of credit card issuers, and they hardly ever let you know that their Editor’s picks or best credit card recommendations are in fact coming from the card companies. With that, you must be cautious of the information you get or receive.
Currently, it does not signify that every sponsored credit card is not good or each credit card advice is false. There are really great credit cards being offered. Thus, you must be sure that you thoroughly made research on the card that would be suitable for you. There are varieties of credit cards that are recommended by a lot of websites to be very beneficial for the customers.
With Rewards cards
Instead of getting a Chase Freedom card even if you get a 5% cash back rewards, you will have a hard time earning more than 1.5% to 2% rewards with the card. The bonus of 5% rewards will only be applied on quarterly rotating categories. This means that you cannot get the maximum rewards in just a year even with your daily purchases on groceries and gas. Aside from that, bonuses are capped. Thus, you can only obtain maximum rewards when spending $1,500 during the months of Oct-Dec. You are then required to sign up online to earn the rewards unlike others which are automatic.
You must check the TrueEarnings Costco card coming from Amex. You are entitled of a 3% rewards on gas and restaurants. You will also get an additional 2% rewards on travel which is valid throughout the year. The rewards you will be getting are limitless except for gas transactions where there is a $3,000 spending cap. This is only the credit card that grants bonus rewards on Costco’s discount gas.
Instead of having a Discover More credit card which has comparable offers with Chase Freedom and worst since it has lower caps on reward which restricts your bonus rewards even more. It is better to compare it with the Discover Escape, Fidelity Amex and Fidelity Visa. Each of these cards has excellent offers. The Discover Escape grants 2% cash back on all purchases made using the card. You can then cash it in for your travel purchases. It has a $60 annual fee but you will be getting 25,000 bonus miles which is equivalent to $250. You will get this during the first two years of having the card.
If you are not into travel rewards, the Fidelity Amex will suit you as it offers 2% cash back on every purchase you have charged with the card. The cash back you will be getting will be placed in your checking account. With the Fidelity Visa, it offers similar benefits but only after you have spent $15,000.
With Business cards
Instead of applying for an Ink Bold from Chase, you must check out the Ink Cash or Capital One Venture card. Having the Ink Bold card, the first year is complimentary and the card gives out many bonus rewards. You are allowed to accumulate over 50,000 points during the first year and 47,500 for the succeeding years. However, you also have to spend a lot of money to obtain them roughly $100,000 yearly just to acquire the maximum bonuses. Aside from that, you will be paying for a $95 annual fee.
If you compare the Ink Bold to the Ink Cash card which do not have any annual fee. In addition, it pays 1% cash back on every purchase you made and pays 3% on bonus categories concerning business needs such as fuel, home improvement, dining, and office supplies. Another choice you can have is the Capital One Venture for Business. This card gives out 2% rewards in the form of travel credits. Aside from that, the 15,000 mile sign-up bonus you get is worth it even if you are going to pay for a $59 annual fee.
With Poor Credit History Cards
Instead of getting a RushCard Prepaid Debit, you better opt for a Citibank Secured card. The fee structure for the RushCard Prepaid Debit card is complicated. Aside from that, the “no monthly fee” version will be charging you $19.95 as an activation fee and $1 for each transaction reaching to $10 per month. It will also cost you 50 cents to check your balance at an ATM and $1.95 if you will not use your card within a 90-day period. Because it is a debit card, it will not help you improve your credit score.
With a Citibank Secured card, it will charge you $29 for the annual fee but do no have any transaction fees. Furthermore, your initial secured collateral can get 4% in interest yearly and you are entitled for a non-secured Citi card after 18 months. This will be helpful for you in building your credit score.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Creditcardflyers.com
Excellentcreditcardoffers.com
Dailymarkets.com
