Best Deal on a Credit Card
It seems like a fact of life; the better your credit rating is, the better offers you’re going to get from credit card companies.
But what if you’re not getting those great offers? What if your credit rating just isn’t good enough?
It can take months or even years to fix your credit, so does that mean you are out of luck in the meantime?
If you want to get a good deal on a credit card, follow these 4 tips:
1. Ask your credit card company for a better rate
Remember, credit card companies are in the business of making money. They want your business, because it means more profits for them. Simply asking the company for a better rate may just get you one – especially if the company thinks they’re going to lose your business over it.
2. Do a balance transfer
With balance transfers, you literally take your existing credit card balance and move it to a new credit card.
Why is that such a good deal?
Most credit card companies will offer you great deals, in order to get your business. They may offer a low introductory rate, or even no interest at all for the first few months! That way, you can save money; or put more money towards paying off your debts, instead of racking up more interest fees.
3. Look for extras
Credit cards are coming with more and more perks these days. Even if you can’t get the lowest interest rate, you can take advantage of other extras that can save you money in the long haul.
For example, if you love to travel, look for a credit card that offers airline miles as a reward. That way, you get a bonus for spending your own money!
4. If given the choice, opt for discounts over rebates
Most of the big credit card companies offer both ; but discounts offer the better deal.
A credit card rebate will pay you back for a percentage of your credit card bill. However, you have to pay the full bill, and it can take weeks or months for your rebate check to come.
With discounts, though, the discount is applied to your bill before you have to pay it. That way, you don’t have to front the money or wait for a check to arrive later.
Kirsty LaVier is editor for gold-card.com.au, a site dedicated to information about saving money on credit cards.