Probably along with millions of other Americans, you receive several credit card offers each week in the mail. The offers seem to come in all different flavors and varieties like 0% balance transfers, cash back credit cards, airline mile rewards and more. I think most of us don’t appreciate our mailboxes being cluttered with so many offers or the amount of resources that go into producing so many of the credit card offers we receive each week. However, simply filing these offers away into the “circular filing cabinet” is not always the best decision when you are looking for a particular type of credit card.
Our site provides over 200 different credit card offers from over fifteen different issuers. We offer credit cards for just about every need and feature some of the top offers from issuers; many of which you receive in the mail. Unfortunately, our site, like all the others on the internet, doesn’t have the ability to promote some exclusive offers that you may receive in your mailbox each week. Using a credit card comparison website can help you determine the value of the offer(s) you are considering.
This week I had a friend of mine call about a balance transfer offer he had received in the mail. Since he knew credit cards are what we do for a living, he knew we would be able to offer some perspective on the value of the offer he had received from Discover. The offer was for the opportunity to do a balance transfer at 0% APR for twelve months with no balance transfer fee. If this offer had come in his mailbox six months ago, he would have been getting nothing more than what was easily available to the masses in general. However, as issuers and lenders have tightened lending and credit policies, these types of offers with no balance transfer fees have become quite rare. Since our friend needed a balance transfer credit card, we recommended that he take advantage of the offer and go ahead and apply for it directly through Discover Card.
This exclusive offer through Discover Card should save our friend not only interest charges over the next twelve months, but also what has become an industry standard – the 3% balance transfer fee. On a balance transfer of several thousand dollars or more, that can add up to a lot of money. Next time you’re in the market for a new credit card or have a particular need, don’t throw away those offers from your mailbox right away. Save the ones that look promising and compare them with other similar credit card offers available. You may find some pretty good deals as a result.
