Two Things To Look For In A Good Credit Card
There are two main things that one should look for when trying to select a good credit card.
The first, and certainly the most important, is the interest rate on the card. While many cards offer introductory rates, such as 0% APR for a year, charging customers interest is how these companies generate their profit. Take for example the Citi Platinum Select Mastercard. With this card, Citi offers customers 0% APR on balance transfers and purchases for the first 12 months they have their cards. However, it is important for the savvy customer to note that, in the fine print, the company states that after those first 12 months, the variable interest rate jumps to at least 12.99%.
A good credit card will have a low interest rate that is fixed. As for these advertised offers, not all customers should assume that they will be eligible for the 0% APR or later an interest rate of 12.99%. Customers should do their homework as to how good their credit must be to qualify for the best interest rates. For example, to qualify for the 0% introductory APR for the Citi Platinum Select card, a customer has to have good to excellent credit. Citi seems to give a little more flexibility with regard to ones credit than Capital One who states that only applicants showing excellent credit are eligible for their 0% introductory rate. Though a card may look good because of their advertised introductory offers, a good credit card will offer reasonable rates for the life of the card.
Another thing to look for in a credit card is what it has to offer you. A good credit will reward you through airline miles, cash back, etc. While interest rates are important to know, if you are someone who always pays off their credit card in full every month, a credit card company’s rewards program can help distinguish an average card from a good card. Take for example the Discover More card from Discover Card. With this card, customers receive cash back on all their purchases, that cash amount ranging from 1% to 5%. In addition, Discover has a program called Cashback Bonus where customers can get between 5% to 20% cash back through Discover’s online shopping site. In this way, when cardholders buy items they would have anyway, a good credit card will save them money while doing so.
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Good Credit Card: Orchard MasterCard
The good credit card services provided by Orchard Bank MasterCard are nothing short of top notch. Impressed with almost everything about this company, I especially enjoy the ease of their on-line services. I initially activated my Orchard Bank MasterCard for well over three years and have since transferred balances and used it consistently for charging purchases. It is, of course, being a MasterCard, accepted everywhere.
I have never had any reason to lodge any complaints – and, trust me, I will complain quickly and loudly whenever I feel it is justified. Everything with this company is just easy. The original application procedure was easy. The original balance transfer was easy. And, even though I do not remember the original percentage rate charged on the balance transfer, I do remember that I was very pleased with it.
Having used the card for more than three years, I have not only not experienced any difficulties, I have been pleasantly surprised with the company. I have been called on two occasions in the, past, and received emails more recently regarding suspicious charges on my account, even before I was aware of the charges by way of a monthly billing statement. The charges were immediately removed without question when I explained that, no, I had not made those charges.
Before traveling abroad, I contacted the company to ask about using the card as a resource for funds while traveling. Getting through the initial automated answering system was a pleasant surprise as it only took me two choices to get a live person. I did, in fact, use the card while abroad as a back-up resource for extra funds. The live person on the other end of the phone thanked me for notifying them in advance regarding this use, as they would otherwise have become suspicious and spent time and energy tracking me down to verify that the expenses were valid and being made by me.
I have switched to on-line paperless billing and, again, could not be more pleased. The emails come in a timely manner, leaving me plenty of time before the payment due date. The on-line payment process is as simple and easy to use as it could possibly be. The on-line pages are extremely easy to navigate. And all very safe as well, since I have never experienced any difficulty with privacy issues or information leaking out to unwanted others.
All in all, I would recommend Orchard Bank MasterCard services to anyone who asked me about it. And, obviously, even to those who do not ask.
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