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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 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® PREFERRED REWARDS GOLD CARD

Make everyday purchases count twice: For a limited time, you can earn double membership rewards points on gas and groceries for your first year Earn 10,000 Membership Rewards® bonus points when you spend $500 in 3 months - redeemable for a $100 gift card! The Membership Rewards® program - Earn 1 Membership Rewards® 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.

Intro on Purchases Intro APR Period Regular APR Annual Fee Transfers Credit Needed N/A N/A N/A * $125 * No Excellent

• 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 PICK

Offers a 0% introductory interest rate on purchase and balance transfers for 6 months Earn 5% to 20% Cashback Bonus at top retailers through our exclusive online shopping site Earn up to 1% Cashback Bonus on all other purchases automatically Increase, even double, your rewards when you redeem for gift cards from our 100 Cashback Bonus Partners Editor's Note: Offer not available to current Discover® card holders Editor's Pick for best overall offer. Click more details below the card to find out why.

Intro on Purchases Intro APR Period Regular APR Annual Fee Transfers Credit Needed 0% * 6 Months * 11.99% * None * Yes Very Good

The Best MasterCard and Visa Credit Card Offers

The primary business of American Express and Discover is credit cards.  Such is not the case for major banks.  Not surprisingly, then, many of the largest issuers of credit cards didn’t fare particularly well in the J.D. Power Rankings.  However, some issuers of Visa and MasterCard offer better deals than others.  Here are the top picks in these categories.

CAPITAL ONE® NO HASSLE MILES(SM) REWARDS

0% APR on purchases until May 2010 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 No annual fee No blackout dates and no seat restrictions Book travel with ANY airline, hotel, cruise line, or rental car company.

Intro on Purchases Intro APR Period Regular APR Annual Fee Transfers Credit Needed 0% on purchases * Until 5/2010 * 13.9%(V) * None * Yes Excellent

CITI® PLATINUM SELECT CARD

Offers a 0% APR* on balance transfers and purchases for up to 12 months. Editor's Note: Based on a review of you application, you may be offered a 0% APR for 6, 9, or 12 months. Applicants with excellent credit will get the longest available 0% introductory periods No annual fee Secure, free online account management Citi® Identity Theft Solutions

Intro on Purchases Intro APR Period Regular APR Annual Fee Transfers Credit Needed 0% * 6-12 Mos. * Low of 11.99% * None * Yes Excellent

Compare All 0% Credit Card Offers

 

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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