Christmas Presents From Credit Card Companies

By Author: Anne Sparks
Total Articles: 1
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Giving presents for Christmas, Thanksgiving Day or Valentine's Day is a nice and old tradition. Credit card companies have recently started a new holiday tradition - issuing special credit card offers for Christmas. Being sort of presents from a bank, holiday credit card offers, however, should be treated reasonably.
More and more credit card companies each year participate in the competition for the most attractive credit card offered to consumers. As for the consumers, they often feel confused seeing the numerous credit card ads in the pre-holiday time, when everybody is involved in the Christmas shopping rush. Here are some guidelines.
A bank is a financial institution which plays an important part in the everyday life of a consumer. All we have plastic cards - debit and credit, take loans from time to time and mortgages sometimes. Banks want to obtain new customers and keep their present clients loyal. That is why pre-holiday credit card offers are rich in perks and amenities. And people are eager to apply for them, which is seen from the increased number of applications just before Christmas.
Think about ...
... these issues before making an application:
* Look through the offers and think for a while. Make sure you really need this credit card and it is really beneficial for you.
* Avoid applying on impulse, if you really want to get a new credit card. Make a little investigation to find out how much is available and make your choice after that. Let us look at the top offers.
Citibank introduces a renewed PremierPass Elite Level MasterCard with an improved rewards program. Now you can receive 25,000 bonus points which cannot be compared with the previously available 5,000 - 10,000 points. You can spend how much you like, paying off your balance timely, and you will be able to enjoy the generous rewarding program of Citibank. Just like this: after spending $500 within 2 months you will earn 25,000 bonus points to be redeemed for a free ticket!
Chase bank is in the forefront of the credit card market, as well. Their main teaser offer is United Mileage Plus card, presenting a great airmiles rewards program. According to the new special terms of the card, a cardholder will be given 21,000 bonus airmiles if he fulfills certain conditions. AAdvantage Gold and AAdvantage Platinum by Citibank can also enable you accumulate 40,000 miles. For this you will have to install a certain sum of money onto your card account within 24 months.
Thus, there is another thing to note.
* Very often banks require the customer spend a fixed sum of money with the card or stick to a certain payments schedule. Remember this when using even the most advantageous credit card, to avoid debt and default rates.
Anne R. Sparks is a personal finance consultant and the author of a series of articles devoted to managing one\'s credit cards and debt and building a strong credit history. She works at Credit-Land.com, a reputable web source for making online credit card applications and getting the latest credit market news.