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[C1255]Credit Cards With No Fees

by Tom Tessin, Tom

If you're in the market to find an airline card simply based on your travelling habits or you're looking for a card that has no annual fee, there are some good ones out there that don't carry one. Unfortunately, there are cards that do carry a hefty annual fee and there are cards that are very comparable when it comes down to an annual fee.

I'm going to show you some things you should look out for when you're looking for a card that has no annual fee because just because it doesn't have one, it doesn't mean it's going to be a great card for you and your travels.

Look at the point system: Does the card have a great point system? If so, how do you get your free airline miles? Is it worth it when you spend a dollar? For example, are you spending one dollar and getting one point or are you spending one dollar and getting 6 points? The more you spend, the more you get in return.

Are there blackout dates? One of the perks that I hate with travel cards is that they have expiration dates or blackout dates. If your card has one of them, I wouldn't even consider it! You're going to find that when you go to cash it in, your points will probably expire and that won't make you a happy camper, trust me.

Can you get rewarded everywhere? Some cards will only allow you to get rewarded with particular airlines while others will allow you to use your card everywhere. The question is, do you want to be restricted to one airline or do you want to use your card and get rewarded for every purchase? Sure, it's great to be loyal to a particular airline company but you may find it more beneficial to get a card that rewards you across the board.

Are there a lot of fees? Sure, the card has no annual fee but does it have monthly fees or other hidden fees? Sometimes, the credit card companies love to play a game that tricks the mindset of many individuals looking to apply for a card. The lesson learned here is to make sure that you read the application over at least three times to make sure you know all the fees that are going to be included. You want a card that has no fees at all. If you're looking for a card with no interest rate, you're going to need luck because most have rates!

In the end, you want to read the application carefully. Make sure that you know what you're doing and just because it has no annual fees, it doesn't mean it's a great card. It's like a purchase in life. You may spend $1 for a toothbrush but is it really good? Sometimes an annual fee is a good thing but other times, it's not. This will all depend on the card itself. Go out there, do your research and you should find a perfect travel card.

Credit cards have ballooned in popularity over the last decade. While once the preserve of the very rich, or very indebted, they are now available to practically everyone who wants them. They have become far easier to get a hold of. There is also a huge variety of choice out there for anyone who wants a credit card.

Different Types of Credit Cards

There are exclusive cards that offer their holders a huge array of benefits in exchange for a fee. But there are also cards that carry no subscription fee, give zero per cent on balance transfers and sometimes on purchases to for a certain period and offer quite competitive rates after that.

Increasing Demand

The credit card industry has experienced a massive amount of competition in recent years. Not only have a huge number of new players entered the market, but with the growth of store cards and debit cards, the traditional credit card providers have had to vastly improve the terms on which they do business with customers. This means that customers have more choice and better offers than ever before and this is also fuelling the demand for more credit cards.

Foreign Travel

Credit cards are becoming increasingly popular for people who frequently travel abroad. Rather than carry traveller's cheques or a host of currencies around with them, they simply take a credit card. This can be used to pay almost anywhere in the world, and even when this becomes difficult, you can still use your credit card in a local bank machine to take out cash in whatever currency you need. Of course credit cards will charge a fee for all of this, but increasingly, as these fees become more competitive, customers are deciding that the fees are well worth the convenience and reliability that they offer while abroad. They are also very secure and if lost or stolen, can be cancelled quickly and easily.

Shopping Online

Online shopping has been another reason for the growth in popularity of credit cards and one of the main advantages to younger shoppers who are buying more and more goods and services online. From flights, to car rental bookings, to books and cds, shoppers would find it increasingly difficult to make such purposes if they did not have a credit card.

Consumer Debt

All of these benefits are what is leading to the phenomenal growth in the popularity of credit cards, but this is also leading to a serious problem of debt. The economy is in dire straits mainly due to consumer debt and with the lure of credit within everyone's easy reach the problem looks set to increase. Only a massive swing in consumer attitude could change this problem without the intervention of the government. The Bank of England in fact is, at the time of writing, contemplating another increase in the base interest rate in an attempt to curb further spending.

Therefore, anyone considering taking out a new credit card should check the terms and conditions carefully and find out if they can afford it or not.

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Article Source : Disadvantages Of Credit Cards

About Author

Both Tom Tessin & Joseph Kenny are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Tom Tessin has sinced written about articles on various topics from Mileage and Fuel, Education and Finances. Find the and more of Tom's work all at FINDairlinecards.com.. Tom Tessin's top article generates over 673000 views. to your Favourites.

Joseph Kenny has sinced written about articles on various topics from Credit Cards, Debt Consolidation and Credit Cards. For more information on credit cards visit Joseph Kenny's personal site . He recommends reading the. Joseph Kenny's top article generates over 550000 views. to your Favourites.