When you get mail offers for credit cards, do you often see numbers all over the place in the brochure? That's because credit card offers now regularly display their balance transfer fees, minimum interest charges, penalty rates, cash advance interest rates, among others, that had to be disclosed in the last few years.
Complexity in credit card terms has gone down since the implementation of the Credit CARD Act in the U.S., but a recent study by the Center for Responsible Lending shows that credit cards are still much more complex in their pricing compared to 10 years ago or even just 5 years ago, which makes it harder for people to compare credit card offers before applying for them.
The most common things that people compare are: introductory APR, duration of the introductory APR and the long-term ongoing APR for purchases.
But that's not all that consumers are interested in; they also want to know what type of card it is (cash back, rewards, air miles etc), what frills they include and what they exclude. And not to mention, they also have to read the application or offer disclosures (terms & conditions) - the fine print.
I know how complicated it is to compare credit cards as I've had to do it many times for myself when looking for a suitable credit card. That's why we do the homework for you on credit card offers at GET.com.
At GET.com, we read through the fine print, review the best and the most popular credit card offers, and tell you our rating. If there's a card offer that seems too good to be true, we dig deeper to see if there's more than meets the eye!
Here we have many different categories of credit cards, ranging from rewards cards, low interest cards to cash back cards, travel rewards cards and many more. Before choosing a credit card, make sure you know the pros and cons of each card which we highlight in our reviews, and read through the terms and conditions before applying.