How to find the best credit card deals from our partners

By updated on August 30, 2014

There are about as many credit cards out there for consumers as there are banks and credit companies to issue them. Though getting the best credit card deals may require you to sift through volumes of credit card offers, finding the right one is not all that difficult if you know what to look for.

Does the credit card have an annual fee?

For some people with lower credit scores, an annual fee is unavoidable. Others with excellent credit ratings may find the best credit card deals with zero or low annual fees. Some cards, such as popular airline and travel rewards credit cards, charge high annual fees in exchange for the perks associated with those cards. Think about how you are going to use the card most, and what you are willing to pay for, before deciding which credit card best suits your needs.

Do the best credit cards have high annual percentage rates?

The annual percentage rate (APR) determines how much interest you pay on your principal balance. Don't underestimate its importance. Many people with less-than-perfect credit history are stuck with cards that have higher annual percentage rates, while those consumers with excellent credit and no blemishes on their credit report can find credit cards with a low-interest APR. Be aware of low "teaser" introductory rates that swing up to a much higher rate after a certain period of time because, once you account for that fact, it might not be your best credit card offer.

What are the penalties for late payments and other types of fees on the best credit cards?

When signing up for a credit card, consumers do not expect to make their payments late, but sometimes it happens. Late fees can be brutal on the pocketbook. The Credit Card Account, Responsibility and Disclosure (CARD) Act of 2009 was designed in part to curb excessive late fees, which now are capped at $25 unless there are several late payments in a six-month time span. Still, that is a significant penalty. Lastly, pay attention to all of the information listed in the terms and conditions, including payments for balance transfers from other cards or cash advances, to determine the best credit cards.

What type of credit card should I get?

Finding the best credit card deals depends largely upon credit history and planned use of the card. Travelers should look into rewards or frequent flyer credit cards, while business owners should research different types of business credit cards. There are many types of good credit card deals, but determing the best credit card depends on how consumers use the card.

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PenFed Premium Travel Rewards American Express® Card

Editor's Rating

  • 20,000 bonus points when you spend $2,500 within the first 3 months of opening the Card account
  • Earn 5 points per dollar spent on airfare purchases
  • Earn 1 point per dollar spent on all other purchases
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Special Offer

20,000 bonus points when you spend $2,500 within the first 3 months of opening the Card account

Purchase Intro

APR: N/A

Purchase APR

9.99%* Variable

Annual Fee

$0