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Best Holiday Cards for People With Great Credit

  • Big spenders: According to that same Amex study, holiday gift giving led 33% of consumers to revolve balances on their credit cards last year. While Amex expects the number to fall to 29% this year, a lot of people are still going to feel the effects of finance charges ... unless they open the right 0% credit card. The Citi(C) Dividend World MasterCard(MA - Get Report) is a great option because in addition to 0% on purchases for 15 months, it offers a $100 initial rewards bonus as well as 5% cash back on purchases made at electronics stores, department stores, toy stores and clothing stores until the end of the year.
  • Stuck in the past: Unfortunately, a considerable number of people are still working to pay off purchases made this time last year. If you are one of these people, you obviously want to get rid of this debt as quickly as possible, and a 0% balance transfer credit card could help. More specifically, by transferring your remaining balance to the Citi Platinum Select MasterCard, you'll get 21 months to pay it down without interest. All you have to do is pay a 3% balance transfer fee.
  • Averse to change: If you tend to pay your bill in full and aren't keen on hopping from credit card to credit card as attractive offers hit the market, why not open one of the best rewards credit cards to serve both your immediate and long-term needs? The Venture Card from Capital One(COF) fits the bill, given that it offers a $100 initial rewards bonus after you spend $1,000 in the first three months (extra cash is helpful following the holidays) as well as two miles for every dollar spent (essentially 2% cash back as long as you redeem for travel-related charges). Regardless of the time of year, this is a great card to have in your wallet.

Whether the Great Recession has truly ended -- at least in terms of its effects -- is still up for debate, but the result this downturn has had on credit card offers targeted to people with above-average credit is undeniable. We, as consumers, haven't been the only ones struggling over the past few years; credit card companies have been as well, evidenced by the fact that the 11 largest credit card companies experienced a net loss of $5.4 billion in 2009. As a result, they are fighting tooth and nail to make customers out of the most stable consumers and are using initial rewards bonuses and 0% interest rates to accomplish it.

Credit cards therefore hold a lot of potential these days; you just need to know which ones to focus on.

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