Reply
Established Contributor
pipeguy
Posts: 609
Registered: ‎10-31-2011

The Best Credit Cards of 2012 - interesting read

To lure new customers, issuers continue to sweeten their deals. But which ones are worth swiping?
 
In the battle of the plastics, credit cards have lately emerged as the surprise champs, offering fewer fees and better rewards than the typical debit card. But as banks and credit-card companies flood mailboxes with a new round of offerings, experts warn that finding the best deals isn't getting any easier.

http://finance.yahoo.com/news/the-best-credit-cards-of-2012.html
*** Remember the Tallyman because he sure remembers you ***
Moderator
Revelate
Posts: 8,329
Registered: ‎12-30-2011

Re: The Best Credit Cards of 2012 - interesting read

[ Edited ]

Probably going to be re-landscaped again in Q3/Q4 , sooner or later there's going to be a pull back; however, until that point the offers are going to continue to spiral upward from the various lenders.

   

Certainly would be nice if I had started my credit rebuilding a year earlier, I suspect approval requirements will drop on some of the prime lenders until that pull back occurs or they'll start introducing new products targetted at their current sub-marginal approvals.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


Take the myFICO Fitness Challenge
Senior Contributor
drkaje
Posts: 3,482
Registered: ‎07-25-2008

Re: The Best Credit Cards of 2012 - interesting read

Interesting read. I was a little surprised they wrote "Excellent" regarding a 720 score. I've read the median is 723.


Starting Score: 675
Current Score: EX ? FICO, EQ 708 FICO
Goal Score: 776 FICO


Take the FICO Fitness Challenge
Moderator
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: The Best Credit Cards of 2012 - interesting read


drkaje wrote:

Interesting read. I was a little surprised they wrote "Excellent" regarding a 720 score. I've read the median is 723.


I've noticed that credit card companies are sort of rebounding right now... seems as though more people are paying back old defaults, less new defaults are happening, and people are more in a position to apply for and obtain new credit


Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+