The largest number of people that come to our website head for the low interest pages. So I would say that the interest rate is the biggest motivator with consumers.
Express to the representative why or how a new line of credit will greatly help you in your efforts to improve your credit score,” Mettler said. “For example, you may say something like, ‘a new line of credit will greatly improve my credit utilization ratio so I can focus my attention on paying down my debts.
It can be advantageous to have cards that are tailored to your interests. For instance, if you're a traveler, a card that doesn't charge for foreign transactions and gives benefits in the form of air miles and hotels can be a good choice.
With user preference shifting to viewing information versus reading it, we have begun to redirect our marketing dollars to visual relevance in our industry. Without question in the next few years, this will become a significant marketing platform and the major forces are steering us this way.
"Being someone who never likes to get the 2nd best deal or offer, I felt that the Internet was a great tool to assist with comparing information."
"Certain municipalities will allow you to use a credit card as collateral for a traffic ticket ... The card essentially serves as a bond that prevents you from losing your license while you wait for your court date."
When it comes to making online purchases, “It’s just safer to use a credit card ... There are more protections in place.”
"You don’t want your balance due to be over 33% of the available credit line."
"Check the default rate. A consumer needs to understand what their interest rate would jump to if thye missed a payment. Should they miss a payment within the 30 day payment window their interest rate can almost double."
"Features like zero liability and credit report monitoring can help save consumers a lot of time and money in the face of various security threats, so they really warrant careful consideration before deciding on a deal."
“The closer you get to your credit limit, the riskier your credit profile is going to look ... with a cash advance ... You’re going to be charged a significant amount of interest."
"Credit card companies are competing heavily against one another because there's a smaller pool of prime customers ... The offers are the most generous they've ever been."
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CompareCards.com is an independent, advertising-supported comparison service. CompareCards.com receives compensation from the credit card issuers whose credit card offers appear on the website. The compensation may impact the order in which they appear within listing categories. CompareCards.com does not include the entire universe of available credit or financial offers.
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