Why is this happening? Why not? We all deserve to save up some of our money with all the purchases we make. But the reason behind all this credit card offers is because the competition to get the business of even existing card holders, not just new credit card applicants, is really heating up and these credit card companies are returning some of the money back just so you will go with them.

This is really great news for us. But then again, before choosing a credit card that you think has really great offers, make sure to understand its terms first. You may end up losing more money than you did with your previous card.

Here are some of the credit card offers that you can avail off from some of the major banks that provide credit card services, this can provide you a glimpse on how you save money through their offers;

• Chase Manhattan Bank – offers cash plus rewards, value miles, gas rebates, you can earn a mile for every dollar that you purchase, you can get free DVD's or CD's, earn points from shopping in selected establishments and a lot more.

• Capital One – provides great rewards for those who frequently travel and uses their credit card for their purchases. Other offers include waved annual membership fee, miles earned don't expire, cash backs, annual bonus and insurance against theft, physical damage, and loss on rental cars. They also offer extended warranties on your purchases and a lot more offers.

• Citibank – offers low APR's for one year, instant application approval, waived annual fee, no liability on fraudulent card usage, cash gifts, miles and points rewards for purchases and a host of others as well.

• American Express – Provides great cash backs, free rewards programs, very low interest rates, waived annual fees, zero percent APR, low balance transfer rates, travel accident insurance plans, buyer assurance plans, free tickets to major events like concerts, games plus an assortment of other offers.

• Visa – easy accessibility with ATM's all over the world, bonus miles, zero percent APR, low interest rates, low balance transfer rates, cash backs, rewards, exclusive discounts, free accounts, waived annual fees and a lot more.

These are just some of what these banks and other credit card establishments have been dangling to lure clients into their fold. With these credit card offers, you will surely be able to enjoy the perks and benefits of owning a credit card. They are virtually paying you to use their cards.

But of course, getting these rewards and offers must mean you have to posses a good credit rating. People with a bad credit score can avail of some of the offers but only limited. So make sure that you handle owning a credit card right. Because if you have a good credit record, these credit card institutions will be waiting for you, offering you everything they can just to do business with you. Today is the great time to enjoy owning a credit card, and make some money out of it as well.