Credit card deal

What is a ‘good credit card deal?’

You must have heard people say – ‘I got a good card deal’. So if you happen to be looking for a card at that moment, do you just go with what your friend has told you as a good card deal?

Let’s check what one can term as a good card deal. A card deal is good if it works for you. So, if the card fits into your lifestyle in a way that rakes in maximum benefits for you, that is a good card deal. The most important thing to realize here is the word ‘your’ as in ‘your lifestyle’. So logically speaking there is nothing like a good card deal. What it is - is good card deal for ‘you’ i.e. the individual who is going to use that card. This is because the lifestyle and the needs differ from person to person (and that is precisely the reason why every card supplier offers so many different kinds of credit cards). It might be true in some cases (where the lifestyle of two individuals/friends is similar) that the card deal which is good for one be good for the other too, however, this is just in a few cases.

You can always check with your friend who has recently got a card deal, since that might cut down the time needed for researching/hunting-for a good card deal. However, it’s really a matter of evaluating your own needs. If you travel a lot and to far off places by air, a card that offers you good rewards/rebates/benefits on travel would comprise a good card deal. Sometimes the airlines themselves have their own card issuing/supplying company from where you can get a good card deal. For people shopping at a particular retail store or a shop, a good card deal would be a card that offers discounts, rebates and rewards on shopping. Again, the retail stores themselves might have cards on offer that could be beneficial to you. Then there are card deals that are linked to gasoline stores or big grocery chains. If you don’t have any specific needs, you might use a general purpose card that gives reward points on every purchase you make on your card. These points can then be redeemed for cash/rewards. Hence, this card could become a good card deal for you.

Good, for card deals, is really a relative term and there is no card deal which is equally good for all.