Another bonus of a good credit score: longer low - interest intros and average everyday APRs of 12.24 % or lower.
Not exact matches
You can read more about earning sign - up
bonuses and how that will affect your
credit score here, or scroll down to find some
of the
best offers available this month.
Kenneth Lin, from CreditKarma.com, says he himself opens and closes at least one card per year in order to snag
bonus miles and cancel the account before annual fees are assessed and that turning over 10 cards in a short period
of time is likely to push a
good credit score into an average or poor one.
One
of the
best features
of credit cards, if you have the
credit score bandwidth, is the fantastic signing
bonuses that prove to be the
best way to earn a lot
of AAdvantage miles quickly.
On the flip side, some
of these cards do not offer
bonus rewards, they may have an annual fee, or the card issuer typically only considers individuals with
good or excellent
credit (keep in mind that your
credit score as
well as other factors are involved in determining if you qualify for a
credit card).
«If your
credit score is
good - to - excellent and you know exactly what you're looking for in terms
of rewards, there are cards with strong
bonuses attached to some reasonably - low spending incentives this year.»
If your
credit score is
good enough, and you want to optimize your short - term gains, we recommend applying for one
of the cards with a
better welcome
bonus.
Keep in mind that if you plan to change
credit cards often to take advantage
of juicy welcome
bonuses, you'll want to maintain a
good credit score.
See related: Be wise when cashing in rewards points, 8 ways to maximize your
credit card rewards points, Personal finance predictions for 2010: Rewards cards, How to decide when to dump your rewards card for another, 6 ways to maximize hotel rewards, Comparing value of cash back cards versus rewards, How to find the best airline rewards bonus miles deal, Research: Credit card mail offers with annual fees return, 5 components of a credit
credit card rewards points, Personal finance predictions for 2010: Rewards cards, How to decide when to dump your rewards card for another, 6 ways to maximize hotel rewards, Comparing value
of cash back cards versus rewards, How to find the
best airline rewards
bonus miles deal, Research:
Credit card mail offers with annual fees return, 5 components of a credit
Credit card mail offers with annual fees return, 5 components
of a
creditcredit score
With a
good credit score of 700 +, you have access to some
of the
best credit card offers out there, including those that have handsome rewards and cash back programs as
well as those offering a hefty signing
bonus.
See related: Understanding how
credit scores work, Where some
of the
best rewards cards can be found, How to find the
best airline rewards
bonus miles deals, Foreign transaction fees going up
To top it all off, the amount
of available
credit you've used up accounts for 30 %
of your
score, so carrying big balances — like those used to meet a signup
bonus — can cause your
score to sink as
well.