If you have good credit, you will be offered competitive deals from many credit card issuers. This is because you have good payment history and you probably don’t have as much debt as many people have at the moment. Hence, lenders view you not as a risk, but a way for them to profit.
If you are searching for a card to add into your wallet, focus on this particular goal: get the best card offer possible. Since you have good credit, issuers will be quite willing to dole out a card for you. Currently, there are many excellent credit card offers for people with good credit. Among the most popular ones are the following:
Sign Up Bonuses
Qualifying for a card that is especially for people with good credit gives you a chance to win the sign up bonus. This can come in different forms, such as statement credits, cash, and miles or points – all for free.
Although the name suggests that you will get the bonus once you sign up, it doesn’t work that way. Oftentimes, you will be required to spend a minimum amount for you to receive the freebies. Examples of cards requiring a minimum spending amount include Citi® Dividend Platinum Select® Visa® Card and Chase Freedom® Visa. Both gives $200 worth of rewards when you spend $500 during the first three months of account opening , a rarity even in the world of credit card rewards.
Low Interest Rates
Since you have good credit history, you most certainly have been a good payer. Therefore, interest rates would not be a big issue for you. Still, your good behavior entitles you to receiving attractive offers on APRs, in case you forgot to pay off your balances in full. Even better, there are many cards that can give you 0% introductory offer for at least six months.
If you are a responsible card holder, you will likely be offered great deals on rewards. You can get higher point-per-dollar conversion than those with average credit. In general, you will get the offer as stated in the advertisement of the card. If it says 5% cash back, you would receive such percentage, unlike if you have fair credit rating.
Waived Annual Fee and Other Charges
It is possible that you will not be required to pay for the annual fee for the first year. In addition, late fees and penalty rates can be excluded as well. All you need to do is ask. With your good credit record to back you up, it is almost certain that your creditor will be eager to please you and grant you your request. In some cases, foreign transaction charges can be omitted as well. However, not all card issuers will waive such fee especially if the card holder is a heavy traveler. If you want a card without the foreign purchases charge, it is easy to qualify for one since you have good credit rating.
A credit card, when used wisely, can be a very useful financial tool. It can be utilized for shopping, getting discounts when traveling abroad, and receiving exclusive perks created for people with good credit rating.