>> Welcome to Cardwisdom
CardWisdom.com is a database of current credit card offers from every major issuer. On our site, you can compare current 0% APR credit card deals and apply online for a new credit card via secure SSL encrypted credit card applications. Cardwisdom.com aims to make the process of selecting a credit card simple. We provide our visitors with the most up to date information on interest rates, rewards programs, and 0% APR promotions: everything you need to know to find the best credit card deal.
>> How to Choose the Right Credit Card
There are a number of factors to consider when applying online for a new credit card. The factor that ultimately leads to the most savings is the credit card’s introductory rate. Most credit cards offer a 0% APR on either purchases or balance transfers for approximately one year. The best credit cards offer a 0% APR on both for one year.
How much can you save with a 0% APR? Savings will vary based on spending habits. However, with a 0% balance transfer, the average person can save about $150 a year in interest for every $1000 transferred.
A second important factor to consider when choosing a credit card is the long term interest rate. At present, interest rates below 15% are above average. Be aware, however, that many credit cards offer more than one interest rate. For example, the credit card may offer a 13% interest rate to consumers with excellent credit and a 21% interest rate to consumers with fair credit. Unfortunately, if you apply for a credit card that offers multiple rates, you will not learn of your precise interest rate until you receive your card.
A final factor to consider is the credit card’s rewards program. Many credit cards offer no fee cash back, travel, and merchandise rewards. However some rewards credit cards, especially airline rewards credit cards, tend to charge higher interest rates and annual fees. If you want to avoid these expenses, avoid airline specific credit cards.
|
