Even casual sports fans can’t resist the lure of the Summer Games. The 2012 London Olympics will feature an eclectic group of accomplished athletes from all over the world. Yet, unlike major league superstars, spectators won’t know most of their names. The CardRatings.com research team decided to mash up some of today’s most promising credit cards with the careers of some potential American medal winners, just to see what personal finance news would sound like if Bob Costas and Mary Carillo called the shots.
Far from a household name, Steven Lopez stands to accomplish what few Americans who aren't named Michael Phelps can claim: to become the most accomplished athlete in his sport. The self-taught taekwondo master has appeared at the Olympics as long as his sport has, claiming gold in both 2000 and 2004. After a bronze medal finish in 2008, any appearance on the medal stand will give Lopez a huge head start against future record-breakers.
The PenFed Platinum Cash Rewards Visa® Card doesn't enjoy a lot of name recognition, either. Just like Lopez, this card enjoyed a scrappy start, anchoring a set of credit cards offered by a credit union that caters to military families. With no annual fee and no foreign transaction fee, this card costs nothing to maintain for cardholders who pay their balance in full each month. And, just as little sister Diana Lopez grabs the spotlight in her own events, the PenFed Promise Visa® Card supports its sibling with extraordinarily low balance transfer deals.
They call her the "flying squirrel" because of her skills on the uneven bars. The teenage gymnast has already drawn comparisons to Mary Lou Retton. Douglas gave up time with her family to train in Iowa with the same coach that steered Shawn Johnson to gold in 2008. Nation team director Martha Karolyi says, "Some people may have higher difficulty values, but Gabby's execution is the best in the world."
Citi Simplicity® Card (Citi is a CardRatings.com advertiser) wows its cardholders with the same kind of "what you see is what you get" magic. Unlike other no-frills credit cards, Citi Simplicity Card offers cardholders direct access to customer service representatives, allowing you to save time when you call for fast, personal help 24 hours a day and just want to speak with someone who can adjust payment due dates with gymnast-like flexibility. (All you have to do is just say "representative" when you call.) With no late fees ever, no penalty rate ever, no annual fee ever Citi Simplicity uses simple execution to trounce cards with more complex cardholder agreements.
Tyson Gay may finally get his medals in London, after years of battling poorly-timed injuries. Despite winning the Jesse Owens Award, Gay's health issues allowed Jamaican superstars Usain Bolt and Asafa Powell to run away with 2008's medals and the public's attention. Strong races at the 2012 track and field trials have pundits convinced that this could finally be Gay's year.
Chase Freedom® has been around for years, but often gets overshadowed by flashier cash back credit cards. Chase's credit card division retreated from issuing many new accounts for a brief period during the credit crunch as it reeled from government intervention and the emergency acquisition of Washington Mutual. Back in shape, Chase has been supporting its Freedom brand with heavy television promotion and some outstanding bonuses and no annual fee. With the Chase Freedom® currently, new cardholders can get a $150 bonus after spending $500 on purchases in your first 3 months from account opening.