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

Visa and Mastercard agree to settle part of lawsuit over credit card swipe fees

Visa and Mastercard said Tuesday they will pay $6.2 billion to settle part of a long-running lawsuit brought by merchants over fees on credit card transactions. Visa said it will pay $4.1 billion and ...

Published:  Tue, 18 Sep 2018 22:15:00 GMT



Do's and Don'ts of Using Store Credit Cards for Holiday Shopping

With the winter holidays fast approaching, you may be wondering how to maximize savings on gifts with store credit cards. And you may be considering applying for a store-brand credit card to take ...

Published:  Tue, 18 Sep 2018 09:57:00 GMT



I stopped using credit cards completely in an attempt to get out of debt - here's what happened

I am a shopaholic. I find it hard to resist cute things and the world is filled with cute things. In the early 2000s, I knew I needed to change my financial habits, or I would never get out of debt. I ...

Published:  Tue, 18 Sep 2018 08:59:00 GMT



2 Of 5 U.S. Cardholders Have Fallen Victim To Credit Card Scams

The convenience and ease of credit cards comes with a downside credit card fraud is a tempting and lucrative target for criminals. According to a new Finder.com study, approximately 42% of consumers ( ...

Published:  Tue, 18 Sep 2018 19:47:00 GMT



Thief Caught, Stole Credit Cards At U.S. Open In Hamptons: Cops

SOUTHAMPTON, NY - A Patchogue man was arrested Tuesday after stealing credit cards at the Southampton's Sebonack Golf Club during the U.S. Open Golf Championship in June, police said. According ...

Published:  Tue, 18 Sep 2018 17:16:00 GMT



Visa, Mastercard reach $6.2 billion settlement over card-swipe fees

The card issuers named in the class-action lawsuit include JPMorgan Chase & Co, Citigroup and Bank of America. The lawsuit, brought on behalf of about 12 million retailers and dating back more than a ...

Published:  Tue, 18 Sep 2018 14:05:00 GMT



What Happens If You Exceed Your Credit Limit

Your credit limit is set by your card issuer and determines how much you can purchase on credit each month. Ideally, you'll stay well below that number, but if you find yourself approaching that ceili...

Published:  Tue, 18 Sep 2018 08:05:00 GMT



Most people don't realize this Delta credit card comes with an annual companion plane ticket - it can be an incredible value if you use it right

The Insider Picks team writes about stuff we think you'll like. Business Insider may receive a commission from The Points Guy Affiliate Network. These, plus the opportunity to earn miles - including h...

Published:  Tue, 18 Sep 2018 06:33:00 GMT




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