Comments on: A Plethora of Credit Card Offers

By: Nik Agarwal

Nik Agarwal — Thu, 15 Mar 2007 02:21:07 +0000

Let’s not forget about the universal default clause. It basically says that credit card companies reserve the right to change the APR if you default on any payment with any other lender or based on your credit report, which they will regularly monitor. I wrote more about it on my blog, but it is something that many credit card companies are doing without really informing their customers upfront. I guess that’s the price you pay for not really reading the fine print, however.

By: Stephanie

Stephanie — Thu, 15 Mar 2007 04:16:35 +0000

I don’t know if you’re interested in any other offers, but Chase is offering a pretty good deal on their “Freedom” card right now. After your first purchase you get a $250 rebate! The card has no annual fee, but the interest rate is a variable 18.24% (of course, if you’re not carrying a balance, interest rate doesn’t actually matter, does it?), and the grace period is at least 20 days. The rewards program it has is one of the better ones I’ve seen - 3% on grocery, gas, and “quick service restaurants,” and 1% everywhere else. Also, if you don’t cash out until you’ve got $200 in rewards, they’ll give you $250!

You can find it at www.chase.com, just look for the blue box that says “Receive $250 after your first purchase.” If you don’t see it at first, refresh - they have a few different offers cycling on the front page right now.

By: BillyWarhol

BillyWarhol — Thu, 15 Mar 2007 13:09:56 +0000

Rock On!!

;))

By: Jim Murphy

Jim Murphy — Fri, 16 Mar 2007 02:08:35 +0000

This is just another reason why your website kicks ass….there’s not a subset of our society who needs enlightenment on credit cards more than college students and young adults. As a Libertarian, I basically support free market economics but I have a real issue with the way that credit card companies are allowed–in some cases *encouraged*–to inundate college students with credit card offers. Here at the University of South Carolina I know at the beginning of every semester there’s dozens of credit card solicitors on campus offering free stuff in exchange for filling out an application. At the very least, college students should learn to get more for filling out a credit card application than a free sandwich from Quiznos….

By: Brian

Brian — Mon, 19 Mar 2007 15:12:17 +0000

The credit card companies are absolutely trying to exploit people who are just starting to establish a credit history.

I have to admit that I got lucky with my first credit card. I didn’t read the fine print or anything…I just filled out the application. It turned out to be for a citibank visa with a $250 limit and a 18% APR. Luckily there was no annual fee or initial fee. They increased my limit by $100 each year until I graduated. The month I graduated they increased my limit to $5000 and I said to myself “ahhhh so THAT’S how they get you.”

By: Personal finance at KMull.com

Personal finance at KMull.com — Mon, 19 Mar 2007 16:02:49 +0000

[…] Jennifer goes through some Credit Card Offers to see the good and bad of each. This was listed in the most recent Carnival of Personal Finance, […]

By: Sean

Sean — Tue, 20 Mar 2007 00:43:17 +0000

Damn, that’s crazy! I’ve gotten a bunch of offers in the mail and everything for new credit cards. I’m just sticking to the one I got when I received my student loan :D.

By: Jack

Jack — Tue, 24 Jul 2007 01:38:40 +0000

Jack…

Great article, thanks for the info….