Credit Cards
recommended by
our experts

Get Cards
Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

Get even more information on credit cards? Read our Credit Card eZine. The section is regularly updated by our specialists. Learn all the financial tricks. Know the pitfalls and hidden bonuses. Find out how to transfer balances and accumulate points. We will tell you about the latest offers on the market.Get your credit card education and make the most out of your plastic.

Credit Card Loyalty

Monday, November 26, 2007

American cardholders make no secret of the fact that their wallets are full of plastics. Owing five or seven credit cards is quite common. More and more customers make rewards credit card deals in order to save some money on their purchases, and we happen to game our rewards plastics in order to make the most of our rewards.

Meantime, credit card issuers do their best to offer credit cards with unbelievably low rates, so that these cards look extremely enticing to the customer. More than that, credit issuers want us to use this or that credit card as a primary plastic. Now, there's a new trend in credit card industry. Credit card issuers try new ways to build consumer loyalty. So, what are they?

The cut-throat competition between credit card issuers seems to have no end. Now, credit card companies and banks use new strategies to gain customers' confidence. To be more exact, banking organizations cede more control to their customers. Meaning, you can almost create a reward credit card to your liking.

For instance, Capital One is going to win over the clients with a new online service that enable you to choose the options you like from a menu. Isn't it a great idea to choose interest rates and a type of reward you really need? This way, you don't need to spend hours in search of the best credit card deal on offer, you will create this card yourself.

However, the other credit issuers are also keeping step with this trend. Chase Bank and Discover give free play to the choice of retail categories. It seems like rewards credit cards that offer rebates at some certain merchants are becoming things of the past. Financial analysts forecast that most credit issuers will obviously copy this trend in the nearest future.

Let's take a closer look at these cards. The Flexible Rewards Platinum Visa by Chase Bank gives you a chance to earn hotel stays, airline tickets, and 1% cash back on every purchases. No annual fee and zero percent APR for 6 months make this card rather attractive.

The More Card by Discover combines the best features of the company's cash back cards, i.e. 5% cash back on categories that the company rotates in accordance with the spending patterns over the year. For example, in spring you will get 5% cash back on apparel and home purchases, and in summer you can enjoy this 5% cash-back bonus on hotel and gasoline expenses.

Still, some people have strong doubts about the success of these credit card deals, as cardholders seek for the highest rebate percentage. In other words, certain customers prefer using various rewards plastics for buying fuel, airline tickets, or food, as they allow getting maximum awards. Moreover, it appears to be pretty tough for credit users to choose the most important features.

Besides, rewards credit cards are for people with good to excellent credit history. So, it's not the best option for cardholders who carry their balance from month to month. Still, if you are a savvy credit consumer, you will definitely have all the chances to make the most of these deals.

Share Opinion:
del.icio.us   digg   Furl   YahooMyWeb   Propeller   Reddit  
Comments not found
 

If you have something to say, please leave your comments below.

Your Name: *
Your Email:
Your Comment: *
Enter Number from Picture: * number

* - Required Fields Add Comment
[December 05, 2011]

In a time when banks have begun charging monthly debit fees, baby boomers may be able to find discounts based on their age and experience. Our research reveals some of the best checking accounts for consumers over 50 - and the best part is that they`re free!

Comments (0)
[October 12, 2011]

All data shows that the woman entrepreneur is on the rise.This could be because women tend to work well in groups and are great multi-taskers and communicators. In addition to that, women are also making riskier decisions when it comes to financing their businesses, according to a recent survey by PNC Financial Services. These decisions may have an impact on the longevity of these female-run businesses.

Comments (0)
[September 07, 2011]

With the economic upheaval, obtaining a credit card seems a distant dream, especially if you fail to qualify for any credit card application. Nonetheless, turning into an authorized user, i.e. attaching yourself with a good-quality credit customer`s account and the consent to use it, would boost your credit scores swiftly, and jump start your credit history.

Comments (0)
* The CreditCardSpecialist.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. CreditCardSpecialist.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the CreditCardSpecialist.com website are property of their respective owners.
We do our best to maintain the information accurate at CreditCardSpecialist.com. However, all the credit cards information is subject to change and presented without warranty. See the up to date credit card terms and conditions on the secured credit card application page. Note that CreditCardSpecialist.com may be compensated by credit card issuers when visitors apply for a credit card through the links on this website.
CreditCardSpecialist.com, an independent, advertising-supported website, receives compensation from the companies whose offers appear on the site. This compensation impacts where and how credit products appear on our site, including, for example, the product listing order in which they may appear on separate pages. CreditCardSpecialist.com does not present or review all available credit or financial offers.
Disclosure: Not an access card.