Get the Most Out of New Credit Card Offers With These 5 Tips

If you’re planning for a large purchase, taking advantage of credit card welcome offers and promotions can be beneficial, especially if you earn rewards, qualify for a bonus, or if your card offers purchase protections or other benefits.
Here are a few tips for finding great credit card offers, and smart ways to use your card to make big purchases.
How to find the best credit card offers
When looking for a new credit card, there are a few things to look for to help decide which offer is best for your situation. Here are a few tips for finding the best credit card offers.
1. Take advantage of points or cashback match
Some credit cards offer a points or cashback match program, which means the company automatically matches the rewards you earn at the end of the first year.
For example, if you earned $500 cash back in your first year, it would be matched for a total of $1,000.
While you don’t get this “delayed” bonus until the end of the first year of having the card, it can be significantly beneficial if you spent a lot of money on that credit card during the year, and the match may help you get to the big purchase faster. It also gives you more time to plan and prepare for your purchase.
2. Find the best welcome bonus
Many credit cards offer a welcome bonus, which means when you open a new card, you earn extra rewards when you use your card. These can be cash back, points or miles. Typically, you must meet a minimum spending requirement within the first few months of opening your card to earn this bonus.
When comparing welcome bonus offers, be sure to pay attention to other information about the card, such as annual or other fees and other rewards. Also consider how much you have to spend and within what time period to earn the bonus, and weigh if that’s feasible for you.
3. Compare introductory APRs
APR, or annual percentage rate, is the annual rate charged on your credit card balance. This also could be called interest rate.
Some credit cards offer introductory APRs, even as low as 0%, when you first sign up for a card. This means you pay 0% interest on your balance; however, this is typically only available for a limited time. And, you still have to pay back the money you borrow.
While a 0% introductory APR may be tempting, understand what the APR is once the introductory offer period ends. Sometimes, the interest rate can be higher than other cards available to you.
4. Look for $0 fees
Some of the most common credit card fees include:
You may find many credit cards offer $0 annual or other fees when you open a new card, though sometimes it’s a limited-time offer. Before choosing a credit card, compare their annual and other fees to make sure you won’t have to pay more in the future.
5. Using credit card offers for big purchases
Once you’ve found the credit card offer that’s right for you and you’ve applied and been approved for the card, it’s time to start using it.
However, there are a few things to keep in mind when it comes to using credit cards for large purchases.
Source: iQuanti, Inc.