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April 29, 2008

Best credit card for you

The hunt for the best credit card for you is getting even easier.

LowCards.com just launched a free Credit Card Index that compares the terms of more than 1,300 credit cards. This eliminates a lot of the legwork when looking for a card, but you’ll still want to read the fine print before signing up for credit.

The new site allows you to sort through cards alphabetically, by interest rate, grace period, annual fee or other terms. For instance, you can also search for the best reward programs or the best plastic for those with bad credit or none at all.

The index will be updated daily to reflect any interest-rate changes or to add new cards, Bill Hardekopf, chief executive of LowCards.com, says in an e-mail.

Of course, this isn’t the first plastic search site.

Credit.com also allows you to search for cards, plus it has other tools, too, like the credit score estimator. You plug in the number of credit cards, balances, lines of credit, late payments and other details. You get a credit score estimate plus suggestions on the best card, auto loan or other product based on your score.

CardRatings.com says it offers 20,000 reviews and reports on cards. It ranks cards using a star system. Five stars for superior rating; one for poor.

Check out the sites and let us know what you think.

Posted by Eileen Ambrose at 12:54 PM | | Comments (1)
Categories: Credit cards
        

Comments

But what's the point when the credit card issuer can change the terms at any time, in almost any way they want and for any reason, or no reason at all? Chances are that great deal you found will last just as long as it takes them to hook the requisite number of people.

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