Do you seem to have had more credit card transactions lately? You are not dreaming.
credit card company for all customers from teens to 80s
Make more offers, especially to people with good credit scores.
Sacramento retired civil servant Lee Marengo said she and her
My husband gets a lot of tempting credit card offers. post.
Credit card users who repay their credit cards in good faith over a long period of time
A man making $84 per month gets a “cool” offer for a bonus card.
For example, Chase Visa offers 5% cashback on gasoline and groceries.
and pharmacy purchases.
The Marengo usually only plays one card, but “If something new and better comes out, God will accept it.”
Of course, she’s not the only one getting credit card offers. During the
recession, card issuers maintained a low profile.
They were full. Record number of non-payments by consumers who are unable to pay their monthly rent
balance. They have also been pressured by new consumer protection measures.
Federal credit card laws limit late fees and interest.
Customs duties and other fees
But that’s old news. Today, as the collapsed economy begins to recover, credit
Below are card defaults and delinquencies. The bank has been adjusted as follows:
Strengthen efforts to attract new landscapes and new consumers.
“More emails are coming. Credit card competition
The publisher has definitely been strengthened,” said CEO Bill Hardekopf.
an online credit card comparison site. “They send many other offers, especially the most sought-after
Customers: Customers with good or good credit scores.” Shahani Oversees Tracking Services for Synovate, a Global Marketplace research company. DM surge from credit card companies
The number increased to 103, from 1.39 billion in 2021 to 2.82 billion in 2022.
percentage increase. Postal credit card service with the passage of the
“Card Act and the Improvement of the Economy
I made up for the lost time with a bang and came back.
Shahani said in an email. “We expect a slight increase in mail.
2022.”
Credit cards offering discounts or rewards are the most competitive.
Focusingly, Hardekopf says: “Issuers make profitable offers.
Especially with miles and cashback. That’s a concern.
Consumer.”
But if you’re thinking of getting a new credit card, do your homework. Here are some tips.
Balanced or Unbalanced
CEO and Founder Tim Chen says he needs to know which camp he belongs to.
Redwood City credit card comparison
If you have no monthly balance, get a bonus card. usually they
There is an annual fee, but airline mileage and purchase cashback are provided.
(products, restaurants, etc.) or discounts at some stores.
If you have a balance, you usually choose the card with the lowest interest rate.
Reading small print
No matter which card you apply for, read the disclosure.
First. Otherwise, you may incur unexpected costs later. for someone
For example, a company that boasts no “annual fee” would instead
Ken Lin, CEO of CreditKarma.com, charges an “application fee”.
Local credit card website.
“Reading something published for 20 minutes can save you hundreds of dollars,” said Lin.
Viewing Terms/Fees
Many new cards encourage people to convert by offering to move their outstanding balance.
Keep the balance on your new card at a lower rate. However, these so-called “teasers
The “charge” usually only lasts about six months; otherwise, it may disappear.
Fully filling and failing will be replaced by sky-high rates.
Monthly payments on time.
For example, suppose you have a balance of $2,000 on your credit card.
We charge 20% per year. You are offered to hand over your old one.
Balance on a new card that only charges 6%. ok huh?
But please try the details: There is a dictionary payment of 3%. Dollar in 2000
Balance, $ 60. “The end of the world is not the end”, Lin notes, but
See more money, a lot of gasoline, and a card that pays cash. Or if
You are flying on business or a holiday and live on Southwestern Airlines.
As a Sacramento resident, you can get an airline’s credit card.
Miles rack.
But some cash quality is limited, and they say $250 a year for gasoline purchases. NerdWallet’s
Chen loves talking about how he accumulated 225,000 airline miles in one year.
For 3 cards issued: 75,000 bonus miles per American
Visa and American Express airline cards and the Capitol One card.
It evolved into matchmymiles.
And he did not pay the annual fee.
“There was no fee in the first year, so I accumulated mileage and canceled the card immediately.”
He takes his miles and flies to Greece this summer. Not to mention the consumers that
card companies are looking for.
Your credit score may get worse every time you apply for a credit card. That’s why it’s good to do your homework before applying too much.
Card. And if you have had a card with a good payment history for a long time,
Don’t throw it away just because you see a better deal.
there. Keep this for long-term benefits to your credit score.
Best Advice: Always pay your credit card bills on time. “If you do that,
Save a lot of money. Otherwise, they will take you there.”
Money in your pocket. And if you don’t pay it on time every month, the ultra-low interest rate
It can go up to almost 30%, which is a typical “fine-price” ratio. input
You may end up in a worse position than keeping the original card.
