Credit Cards - bewildered by the choices?
As the article says, if you need to look at the interest rate of the card then you probably need to not be looking at a new card, and instead pay down your current debt. I also highly recommend a financial adviser - our credit union provides a free financial advisor, and yours may also.
Why would credit card companies pay consumers to use their cards? Discover, the industry leader in cash-back reward cards, said it gave away $500 million in 2005.
This is, after all, an industry better known for tactics like offering low-interest teaser rates that shoot up or changing the terms of a contract at a whim. Therefore, it may come as a bit of a surprise that many of the offers are credible as well as lucrative for the consumer. Indeed, cash-reward cards may be one of the most consumer-friendly products the industry has ever marketed.