Credit Card Companies Scouting Again but With Stricter Guidelines
While there are a lot of credit card companies that seem to have been hiding out during the recession making a come back with new and exciting offers, there is also a flip side. Credit card companies are also becoming a bit tougher on stay at home spouses. This means that these excellent offers may leave some people on the wayside due to the stricter legislation. However, for those who are being targeted, and this is mostly the wealthy or people with excellent credit, then there are a few things to consider before jumping out of one card and into the next!
All of the major credit card companies are working hard to increase their revenue. They have been virtually out of the game for quite some time and are ready to jump in and get their feet wet. However, they are being much more cautious about doing this and for this reason are sticking to people who have already established themselves as being trustworthy and low risk card holders. Visa, MasterCard and Amex have all sent out mailers recently, boasting deals and incentives that are almost too good to pass up. There are offers for lower interest rates, flier miles and all sorts of other deals being sent out to new prospective card holders.
While travel rewards have always been around, lenders are upping the ante and making travel rewards irresistible to those who enjoy traveling, offering discounts on bags checked as well as fares. Every card wants to be the best and the recent competition is only one indication of that. And why is it that travelers seem to be the target of these campaigns? Well for one, travel has become quite stressful as a result of heightened security in the airports and increased fares. Most people dread flying these days. To help offset that and earn new customers, credit card companies are offering sweet incentives geared specifically for those who travel frequently.Continued on the next page