Credit Card Reviews

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Credit Cards

There's no doubt that credit cards have become an important part of today's society. And for good reason! Credit cards make buying easier - you don't have to carry around loads of cash or write a check every time you buy something. Credit cards protect you, the consumer - many credit cards offer purchase protection and travel protection that just isn't available with other forms of payment. And credit cards help to build up a reliable credit history, making it easier for you to purchase a car or a home.

When shopping for a credit card, there are dozens of cards to choose from. It can be somewhat intimidating to decide which credit card you should choose. Just remember that different credit cards are designed to appeal to different consumer needs. Find out what's most important to you in a credit card, and your decision becomes much easier.

To help you with your credit card decision, we've arranged several dozen credit cards into the categories below. Within each category, we've ranked the credit cards from best to worst. For example, if you suffer from bad credit or no credit, look at the Bad Credit Credit Cards. If you want a card that charges low interest rates, then look at the Low Interest Rate Credit Cards. Or if you're a student and just starting out establishing credit, look at the Student Credit Cards.

Once you decide on the credit card that you want, applying for it is easy. You can simply fill out online the secure form on the credit card application page. This normally takes less than 10 minutes, and typically you'll find out within 24 hours whether you've been approved for your credit card. Then your card should arrive within 5-7 days through the mail, and you'll be all set to start using your new credit card.

TopConsumerReviews.com has reviewed and ranked the best credit cards available today. We hope these reviews help you find the right credit card that meets your needs!



How to Avoid High Interest Rate Credit Card Charges

Despite recent laws designed to protect the credit card consumer from unfair interest rate changes on credit cards, rate increases are still a normal practice and how lenders make much of their money. There are several steps you can take to avoid paying too much interest and that can mean the difference hundreds to thousands of dollars in savings. It's highly likely that you'll have to incur some type of rate increase with your credit card but, you may be able to mitigate the impact with several of the tips below.

  • Pay attention to your credit card statements. Review the stated interest rate each and every month to make sure you know what's going on. Read any and all rate change documentation you receive.
  • The easiest way to avoid paying more interest and being accessed a larger interest rate on your credit card is to pay off the balance, each month, before the grace period ends. Most credit card issuers give you around 21 days to pay off your new purchases before you'll have to start paying interest on the balance. Interest expenses show up on your statements as a finance charges.
  • If paying off the balance isn't an option you should make bigger payments. The smaller the credit card balance the smaller the accessed interest charges.
  • Avoid making late payments. Credit card companies are allowed to penalize card holders when they aren't making payments on time. They do need to contact you and give you 45 days notice before hiking up your interest rate.
  • Be smart with promotional rates. With any new credit card, always read the fine print to find out if the initial rate is considered promotional, or short term, how long that period is and what your subsequent rate will be.
  • If you've been notified that your interest rate is going up you have a couple of options. You can call your credit card company to attempt to negotiate the rate down. If they won't budge than you can tell them you'll find another company that will. Or you can reject the change. However, that may mean you'll no longer be able to make future purchases on that card but you'll be able to pay off the balance at the current rate - saving you significantly in the long run.

As a credit card customer you need to be proactive with managing how much interest you're being charged. This will mean significant savings to you over the course of one to several years from now. Paying off charges quickly, making timely payments and working with your lender are some of the key methods to keeping interest rates down.

 



Credit Cards In The News

This Week In Credit Card News: Free Business Credit Reports For Everyone; Debit Card Use Dropping

The number of consumers who use debit cards for purchases has declined steadily since 2011, the year following enactment of the Durbin Amendment, and now stands at 54%, according to a newly released r...

Published:  Fri, 15 Feb 2019 12:14:00 GMT



Credit Card Merchant Fee Hikes Could Mean Higher Prices for Everyone

Credit card companies Visa, Mastercard, and Discover, will raise their processing fees in April, according to the Wall Street Journal. That's likely to mean prices of everything will sneak up a ...

Published:  Fri, 15 Feb 2019 13:33:00 GMT



Shopping with a credit card could soon get more expensive

Visa and Mastercard are preparing to increase fees they charge merchants. Consumers could feel the effects. Credit-card companies are hiking a range of fees that U.S. merchants will pay to process tra...

Published:  Fri, 15 Feb 2019 08:09:00 GMT



ID Sought In Credit Card Theft At Marquee Theatre In Toms River

TOMS RIVER, NJ - Toms River police are seeking the public's help in identifying a man in connection with a credit card theft that happened Feb. 8. The man, seen in video below, appears to be in ...

Published:  Fri, 15 Feb 2019 09:41:00 GMT



Visa, Mastercard to hike credit, debit card fees

Two of the largest card companies in the U.S. - Visa and Mastercard - are set to hike fees later this year. Continue Reading Below The pair of companies will increase existing fees on their credit and ...

Published:  Fri, 15 Feb 2019 08:27:00 GMT



Secured Credit Cards: What You Need to Know

A secured credit card can help you rebuild or establish your credit score, and there are some good ones to choose from. Image source: Getty Images. If you can't qualify for a traditional credit card d...

Published:  Fri, 15 Feb 2019 09:34:00 GMT



3 in 10 Americans have more credit card debt than emergency savings, a new survey says

3 in 10 Americans have more credit card debt than emergency savings, a new survey says Less than half of households - 44 percent - have more emergency savings than credit card debt, the survey said. C...

Published:  Fri, 15 Feb 2019 06:33:00 GMT



How Many Credit Cards Does the Average Household Keep

Don't miss another episode of Truth In Data! Click on the red bell in the lower left corner of your screen to receive notifications as soon as the episode publishes. Data for this episode of Truth In ...

Published:  Fri, 15 Feb 2019 12:40:00 GMT




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