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How to find the best credit card deals from our partners

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 for you is not all that difficult if you know what to look for.

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PenFed Premium Travel Rewards American Express<sup>®</sup> Card
About Our Ratings

PenFed Premium Travel Rewards American Express® Card

  • 20,000 bonus points when you spend $2,500 within the first 3 months of opening the Card account
  • Earn 5 points on airfare purchases
  • Earn 1 point 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
APPLY NOW Credit Needed Excellent
Credit Card Database

More about How to find the best credit card deals

  • Have an annual fee?
  • Have high annual % rates?
  • What type of Penalties & Fees?
  • What type should I get?

For some people with lower credit scores, an annual fee is unavoidable. Others with excellent credit ratings may find credit card deals with zero or low annual fees. Some cards, such as 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.

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.

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 unless there are several late payments in a six-month time span. 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 a credit card that may be best for you.

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

About Our Ratings ×

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of our editors, and not influenced by any remuneration this site may receive from card issuers.

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