It happens to all of us every day. You go outside to your mailbox and there it is sitting there staring at you, knowing that you're broke and in desperate need of cash. What is it exactly? It's a credit card deal and you have been pre-approved. Do you accept the offer or do you just rip it to shreds and throw it out with yesterday's dinner? Sometimes these offers look too good to be true, and when that's the case, it usually means it is.
Before accepting any credit card deal, it's important that you read the small print. Check the APR rates. Are they fixed or variable? Variable interest rates can get you in trouble, especially when the percentage is high. However, if you haven't established your credit to be good yet, you are not likely to get a credit card deal with a fixed or a low APR, so beginners just have to tough it out. Another thing to check out is the rates if you default, the cash advance charge and limit, and are there any annual fees. Annual fees are a pointless way for the credit card companies to make money and I would suggest that you never accept an offer where a credit card is going to charge an annual fee.
There are many other ways to receive credit card deals, as well. You can apply online for a good deal and get instant gratification with your approval. You can also go to your local bank and apply for a credit card. By using your local bank to issue credit to you, you are more likely to get a better offer with better rates, and a product that is more suited to fit your needs. Banks are also more familiar with you if you've been their customer for a while and they are more likely to take a risk with you and give you a better deal in comparison to regular credit card companies.
Almost everyone gets credit card deals through their mail, e-mail, etc. Sometimes it is a good idea to compare these offers and sometimes necessary to accept them, however, you must always remember to check out the terms and rates of each offer before making a decision. Also remember that annual fees are almost always a bad idea and an obligation you don't want to have to worry about from year to year. They're already making enough money off of the interest payments!