Good Credit Card Offers Return

After months of 0% rate decreases and interest rate increases, major credit card companies are beginning to advertise good credit card offers again.  For many of us, its hard to trust any credit card company.  Loyal customers of 20 or more years recently saw their Citibank interest rates increased to 29.99% and just about everyone has endured a credit limit decrease or interest rate increase over the past twelve months.

Fortunately, credit card companies are looking to replace the customers they chased away with rate hikes and credit limit cuts and replace them with new customers.  Unfortunately, getting approved for the best credit card offers will require much better credit than it did a year ago.  Nevertheless, consumers seeking to take advantage of 0% APR credit card offers will find more than a few credit cards offering these rates on purchases and balance transfers for up to 12 months.

For the time being, these credit cards also come with no annual fees and relatively low long term interest rates, especially compared to the jacked up interest rates many of us have been forced to pay by our current credit card companies.

In general, consumers with excellent credit can easily get a 0% APR on new purchases or balance transfers for 12 months, while those with good credit will likely be able to get 0% rates for six to twelve months, depending on the credit card company.

Consumers with average or below average credit are likely to find much less appealing credit card offers.  Many companies have stopped issuing so called subprime credit cards, and those that do often charge hefty fees, nosebleed interest rates or require security deposits.  However, credit cards that require security deposits provide consumers with an opportunity to rebuild credit without paying $200 or more in annual fees, a common price charged by subprime lenders.

Overall, positive signs abound in the credit card industry.  After a rough year, credit card offers are improving and consumers forced to pay higher interest rates may now find more ways to get away from the credit card companies that shunned them.

For more information or to apply online, you can review credit card applications here.