Discovering the Top Credit Card Offers: A Yearly Analysis

You came here because you need a new credit card and help to understand all the card offers you have been analyzing, right?

It is a fact that cards carry very specific information, and we are not always able to understand it or even which offer is most interesting for our use.

Does everyone need 0% APR for 18 months? What type of score works best for each case? So, how do you choose between miles and cashback?

We created a complete guide to help you discover the best credit card offers of the year! 

So keep reading to learn more about it.

The Ultimate Welcome Bonus: Best Credit Card Offer

The welcome bonus is a promotional offer in which the customer, upon accumulating a certain amount of spending over a few months defined by the operator, receives a specific amount of points from the card offer.

This bonus in the form of points can be used in different ways by the customer, such as converting it into a discount for purchasing airline tickets or hotel reservations or even a discount on their own monthly bill.

How the points balance is used depends exclusively on the card offer and can be modified according to each operator's rules. Therefore, there is no single welcome offer model in the market.

Get to Know the Platinum Card® from American Express

The Platinum Card® from American Express has the best welcome offer on the market. Today, when the customer completes US$8,000 in purchases in the first six months of using the credit card, 100,000 points are credited directly to their account.

When converting card points, 100,000 points represent US$10,000 for the customer to use however they wish, whether in the form of a credit to pay the invoice, purchase airline tickets, or book hotels.

Exploring the Premier Introductory Offers: The Top Credit Card

Balance transfer is one of the most exciting features of today's credit cards.

Balance transfer allows the customer to exchange an expensive debt for cheaper.

In practice, it works as follows: the client has a debt of US$5,000 on a credit card with an interest rate of 15%.

However, when taking out a new card, the customer found an introductory APR offer in which only the transfer fee would be charged.

In this type of situation, the customer then chooses to transfer their debt to the new card. Instead of 15% interest, they will only pay a single fee of 3% for transferring the debt, which will total US$150.

Get to Know the Wells Fargo Reflect® Card

If you are interested in this balance transfer dynamic, the Wells Fargo Reflect® Card is the card with the best offer on the current market.

The card promises to be available for 21 months immediately after the account opens with a 0% introductory APR. After that, the rate varies between 18.24 and 29.99%, depending on your reputation with the bank and your credit score.

However, although the offer is fascinating, a 5% fee, with a minimum value of US$5, is applied to each balance transfer request.

Due to this fee, it is essential to check what rate applies to your case before making any transaction.

Maximizing Cashback Rewards: The Top Credit Card for Supermarket Spending

Cashback in supermarkets is a formal but interesting way of accumulating a nice balance, which you can use in any way you want.

However, this type of dynamic can be limited to an annual expense, but, in most cases, it is still an excellent way to make your money work for you.

To take advantage of a credit card with cashback in markets, it is essential to pay attention to how the financial product is presented. Many restrict wholesale purchases, for example, prioritizing only purchases in a particular segment, such as groceries.

If you do not have a significant monthly expense within this category, there may be better cards to invest in.

But if you are part of a large family with massive monthly purchases in supermarkets, for example, this is definitely an excellent option for you to invest in credit cards available on the market today.

Get to Know the Blue Cash Preferred® Card from American Express

Currently, the Blue Cash Preferred® Card from American Express is the card that presents the cashback proposal in supermarkets in the most exciting way for the consumer.

Although the amount spent annually is not fully converted to the customer – currently limited to US$6,000 –it is still worth having the card in your wallet, as the value in credit returned to your account is 6%.

If you use US$6,000 by the end of the year, US$360 will be credited to your account, favoring your consumption.

Top Factors to Consider When Selecting a Credit Card Amidst Numerous Benefits

Indeed, this subject may raise doubts, as combining all the winning possibilities on a single card would be perfect.

However, no matter how complete the financial products on the current market are, it is always important to take into account aspects such as the customer's credit margin, their payment capacity, and how they will benefit from these ways of earning more points.

Therefore, it is not an excellent idea to apply for credit from several cards and banks simultaneously, even though this can maximize your chances of combining all the benefits you want on several cards and, consequently, improve your financial life.

The main reason for this is that your credit score will drop, impacting your ability to purchase financial products in the future. So, there might be better strategies to apply.

Furthermore, it is essential to remember that only some credit cards have an attractive annual rate. Thus, the more financial products you contract, the greater your yearly fee expenses will also tend to be, making your long-term rewards unfeasible, no matter how exciting they may seem now.