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U R @: Education Center : Credit Card News : What are The Best Credit Card Offers
What are the Best Credit Card Offers
When searching the web for a new credit card, many people begin by entering the words “best credit card.” Unfortunately, there is no true “best credit card.” In fact, the best credit card for one person may be a bad offer for another. Below, we break down the 2008 J.D. Power Rankings to help you find the best credit card for your spending style.
The Best MasterCard and Visa Credit Card Offers
Although American Express and Discover finished atop J.D. Power's rankings, most people prefer the convenience of a MasterCard or Visa that they know will be accepted everywhere. Here are our top picks for consumers who want a Visa or MasterCard in their wallet.
CAPITAL ONE® NO HASSLE MILES(SM) REWARDS |
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- 1 mile per dollar spent on purchases up to $1,000 each month
- 2 miles per dollar above $1,000 each month
- No limit on the miles you can earn and miles don't expire
- Redeem for Travel, Merchandise, Gift Cards and more
- No blackout dates and no seat restrictions
- Fly FREE on any airline to any destination
- No foreign transaction fees
- 0% APR on purchases until January 2011
- No annual fee
- $0 Fraud Liability if your card is lost or stolen
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Intro on Purchases
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Intro APR Period
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Regular APR
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Annual Fee
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Credit Needed
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0% on purchases *
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Until 1/2011 *
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13.9%(V) *
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None *
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Excellent
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CITI® PLATINUM SELECT® CARD |
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- 0% APR* on balance transfers and purchases for 7 or 12 months
- No annual fee
- Citi® Identity Theft Solutions
- $0 Liability on unauthorized purchases
- Secure, free online account management
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Intro on Purchases
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Intro APR Period
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Regular APR
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Annual Fee
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Credit Needed
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0% *
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up to 12 Months *
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As Low as 11.99%(V) *
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None *
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Good
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Compare All 0% Credit Card Offers
The Overall Winners
- American Express – This perennial leader of the pack earned five star rankings in every category, including overall satisfaction. However, reports of credit limit cuts from many consumers may knock American Express of its throne this year. Nevertheless, consumers who spend a lot, pay their bills in full monthly, and don’t mind paying an annual fee to get top tier rewards may fare best with American Express. Consumers looking for 0% interest rates or no fee rewards may find themselves happier with another brand. With all that in mind, our pick for the best American Express card is its Gold charge card, which comes with the well-regarded American Express Membership Rewards Program. You can review the details below or compare all American Express cards in their respective section.
AMERICAN EXPRESS (R) PREFERRED REWARDS GOLD CARD |
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- Earn 10,000 Membership Rewards(R) bonus points when you spend $500 in 3 months - redeemable for a $100 gift card!
- The Membership Rewards(R) program - Earn 1 Membership Rewards(R) point for virtually every dollar you spend and redeem for your choice of travel, shopping, and entertainment rewards.
- Gold Card Events - exclusive access to tickets for select concerts, shows, major sporting events, and more in cities nationwide.
- Express Approval. Get a decision in less than 60 seconds.
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Intro on Purchases
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Intro APR Period
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Regular APR
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Annual Fee
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Credit Needed
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N/A
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N/A
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N/A *
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$125 annual fee *
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Excellent
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- Discover – The consistent number two in the rankings is, in our opinion, often the best credit card for the vast majority of consumers. Why? Discover offers incredible value with 0% APR offers on balance transfers and purchases for six months, a solid, no fee cash back rewards program, and the lowest rate of customer complaints amongst all credit card companies. Using the Discover® More(SM) Card for a 0% balance transfer could save a person with a $5000 balance on a 14% interest credit card around $300 over the course of six months. Plus, they offer a number of ways to earn cashback of up to 20% on certain online specials. You can review the details below or compare all Discover cards in their respective section.
DISCOVER® MORE(SM) CARD - EDITOR'S CHOICE |
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- 0% Intro APR for 6 months on Purchases, and up to 12 months on Balance Transfers*
- Editor's Note: Discover is our top pick amongst credit card companies because they have proven to be the most customer friendly credit card company during the past two years. Unlike most major credit card companies, Discover did not dramatically raise interest rates on their customers in 2009 and generated virtually no negative feedback in the past year.
- No annual fee
- 5% Cashback Bonus® in categories like travel, home, gas, restaurants, movies and more
- Up to 1% Cashback Bonus on all other purchases automatically
- Unlimited cash rewards
- $0 Fraud Liability Guarantee
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Intro on Purchases
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Intro APR Period
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Regular APR
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Annual Fee
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Credit Needed
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0% *
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12 Months *
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As Low As 11.99% *
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None *
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Good
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Final Thoughts
While J.D. Power rankings provide good insight into what a majority of people think about credit card companies, it is important to consider the factors that will provide you with the most value from your credit card. In uncertain times such as these, the best credit card for most people is the card that will save you the most money. To find that card, the best place to start is often a 0% APR credit card, regardless of who is issuing the card.
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