October 5th, 2010
10 Must-Read Credit Card Reviews
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**Welcome to Top Ten Tuesdays here at Credit Karma Bootcamp: Your 31-Day Credit Health Plan.**
**Special guest post by Asher Fusco, a writer and editor at MyBankTracker.com.**
Quite a few factors should go into the process of deciding on a credit card. With so many options on the market — good and bad — it’s important to find the card that fits your financial situation.
The Internet offers some solid resources to use in the search for a new credit card, from rate comparisons to full account details to rundowns of the best rewards programs.
Another great tool available online is the power of public opinion. Plenty of sites offer reviews of credit cards, user-submitted and written by bloggers or staff members alike. We picked out a few of the credit card reviews we found most helpful.
- Chase Sapphire Card review from CardRatings.com
CardRatings.com pulls out all the stops when reviewing one of the highest-rated travel rewards credit cards for above-average earners. The review features all the important perks, such as airline miles and rewards on travel, as well as the stuff that ultimately makes the card attractive: no annual fee and a 12.24% variable APR.
- Capital One Venture Rewards Card review at CreditKarma.com
While we’re on the topic of travel rewards cards, take a look at CreditKarma.com’s review of Capital One’s Venture Rewards Card. The Venture card requires excellent credit and comes with an annual fee, but it does include some strong travel incentives. You can earn 10,000 bonus points for spending $1,000 within three months and double points on any purchase. The best feature of Capital One’s card? The points you accumulate can go toward flights on any airline, at any time.
- Citi Dividend Platinum Select Visa Card for College Students review at MyBankTracker.com
Not everyone has the credit score required to get access to top-notch travel rewards cards. That’s why Citi and other card issuers offer student cards for those who are starting their financial lives and getting into the world of credit. Citi’s student card is easy to obtain — no cosigner is required — and is available to those without great credit. Cash back (5%) comes on purchases such as supermarkets, drugstores and convenience stores.
- Capital One Student Rewards Card review at CreditKarma.com
A product that competes with Citi’s Divident Platinum student card is the Capital One Student Rewards card. It’s similar in that you’ll receive decent cash back on restaurants, entertainment and books. The main downside is a high standard APR of 23.9%.
- American Express Zync Card review at FinanceGlobe.com
FinanceGlobe.com published a helpful user-submitted review of Zync from American Express. The user explains, in detail, the steps they had to take to be approved for the card, which comes with unique rewards packages designed for the young but requires good credit. The Zync card’s $25 annual fee is offset by its lack of an APR on purchases.
- Discover More Card – Black review at CardRatings.com
If you have solid credit and want an immediate break from purchase APR, read CardRatings.com’s review of Discover’s Black Card. The card is a premium product that offers APR from 11.99% and up along with no annual fee. You’ll receive 5% cash back along with the 0% introductory APR.
- Chase Slate Card review at MyBankTracker.com
Not every card needs to come with cash back or travel rewards to provide a good user experience. The Slate card from Chase counts on its low standard APR of 11.24% to catch the eye of customers. The card also comes with a 0% introductory APR, just like the Discover Black card does. Also, the Chase Slate card has an innovative look: It sits vertically instead of horizontally.
- Capital One Platinum Prestige Card review at CreditKarma.com
Another card that prides itself on low interest is Capital One’s Platinum Prestige card. According to CreditKarma.com, the best feature of the card is the 0% APR that lasts until September 2011. That’s nearly double the six-month introductory APR period that comes with most cards. When the standard APR kicks in, it’s only 11.9%.
- Chase Ink with Ultimate Rewards Card review at CardOffers.com
Businesses need credit cards too. And if your business has good credit and keeps up with its monthly payments, CardOffers.com recommends the Chase Ink with Ultimate Rewards Card. Chase Ink has a solid rewards program with special incentives for travel, which businesses could definitely put to use.
- CitiBusiness/AAdvantage Visa Card review at MyBankTracker.com
If your business flies American Express often, the CitiBusiness card could be a good choice. MyBankTracker.com’s review highlights the card’s 30,000-point bonus when you spend $750 within four months, an easy-to-attain goal for most businesses. After that, you can cash in with a standard points program.
CK Bootcamp Tip: Finding the right credit card goes beyond fancy offers and colorful marketing. Use online resources, blogs, and review sites, such as Credit Karma’s Reviews. Good luck on the credit card hunt!
Throughout October, Credit Karma Bootcamp gives you daily information on what you need to make wise, credit-savvy decisions when it comes to credit cards, mortgages, insurance, loans, and most importantly, ALL THINGS CREDIT.
Follow along to get financially fit and credit healthy.