This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

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) 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.

>To submit a news tip, email: tips@thestreet.com.

RELATED STORIES:







Follow TheStreet on Twitter and become a fan on Facebook.

2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,055.87 -116.81 -0.68%
S&P 500 1,982.77 -11.52 -0.58%
NASDAQ 4,508.6880 -19.0010 -0.42%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs