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Sunday, November 11, 2007

Credit Card Deals

Do you know how many credit cards we use? Five. And most of the time, we max them out. Well, the ones that have a small draft, at least. It's just so tempting to use credit cards these days with so many shopping deals out there. You just feel like you're missing out on something big if you don't purchase them. Add to that is the increasing amount of 0% credit cards wherein you can purchase an expensive item and pay it in installment terms without any interest at all. Other credit card deals that might convince you are lower interests rate for balance transfers, free annual fees, huge bonuses per purchase, cash back rewards, free Internet protection and more. As an experienced credit card user though, I'd like to suggest that you should compare the offers first before signing up for one. There are websites like that can help you browse through some of the most popular credit cards and compare them side-by-side so you can properly choose the one that's right for you. You could be saving a lot on annual fees in one card but some other cards can save you more because of the cash back rewards. So it's really up to you on how you should maximize your use of credit cards. Lastly, in my personal opinion, paying in huge chunks, if you have the money, can save you a lot in the long run rather than just paying the minimum payment monthly.