What Makes a Good Credit Card?

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A good credit card will have a number of qualities. You may want to take a look at all of the features and benefits that a credit card has to offer. Good credit cards will have competitive rates.

Introductory/Promotional Rates

If you want a good credit card, it should have interest rates that are not excessive. A good credit card will offer promotional rates that last for at least six months.

Features

A good credit card will also have some perks such as frequent-flier miles and rewards that you can accumulate by using your credit card.

Fees

A good credit card should not have unnecessary or excessive fees such as an application fee, activation fee or program fee. Occasionally, you should be able to get your annual fee waived just by asking.

Theories/Speculation

A good credit card company will not, in response to credit card legislation, change terms and agreements to boost revenue at the expense of the customer.

Time Frame

You should be able to get approved for an increase in your credit limit within a reasonable amount of time, as long as you meet the credit granting criteria of the card company.

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