List Of Cards With 0 Balance Transfer Offers

Looking for a credit card? It pays to be rich

A year after sweeping credit card regulations upended the industry, banks are showering perks and rewards on big spenders with sterling credit scores, while customers who have spottier histories are being socked with higher interest rates, lower credit limits and new annual fees.

In some cases the riskiest customers are being dropped altogether.

"When you look at the regulations, it's a net positive for consumers," says Peter Garuccio, a spokesman for the American Bankers Association . "But there have been some trade-offs."

The widening differences between how customers are treated is largely the result of new constraints on card issuers. The Credit Card Accountability, Responsibility and Disclosure Act, or the CARD Act, was signed into law with great fanfare at a time when borrowers across the country were struggling to make payments. It swept away several practices that for years had grated on cardholders.

A key change is that issuers can no longer hike rates on existing balances or in the first year an account is open. The penalty for late payments is also capped at $25 per violation. And monthly statements must clearly spell out the projected costs of making only minimum payments.

The regulations are already transforming cards on the market. To make up for the drop in revenue, banks are imposing new annual fees and hiking interest rates — but mostly for those with the lowest credit scores. The best customers are more prized than ever.

Here's how credit card offers are changing for consumers in three credit brackets:

The A-list; excellent credit:  A clean payment history and a healthy appetite for spending put these customers at the top of the credit pyramid.

And courtship of this group is intensifying. Before the recession, 44% of credit card offers were mailed to this group. Now they get 64% of all mailings, according to market researcher Synovate.

Terms are getting sweeter too:

— Customers can earn rewards at five times the standard rate with a premium card being tested by Bank of America in Arizona, Georgia and Massachusetts. The acceleration applies to select purchases, and the $75 annual fee is waived for those who have at least $50,000 with the bank.

Finding The Right Credit Card | Credit Card Finder

Today, there is a wide variety of credit cards available and each comes with different features and fees.

If you were to attempt to figure out which one is the best on your own, it could take hours of searching through different sites. But, if you follow some sage advice, you could find the right card with almost no hassle at all.

Get Technically Savvy – Sorting though all those offers can be quite an undertaking if you are not using the tools that are available on the internet. Credit card comparison sites allow you to look at many offers in a side-by-side table and see exactly what card best suits your financial needs. For those new to credit, these sites can be essential not only in finding the right card, but can also give you insight into the common features found on cards. If you have existing debt with high interest rates, you are hoping to reduce by taking advantage of a balance transfers deal, these sites can also help find the best rates. In fact, you can search by almost any feature that you desire, making it easy to find the one that suits your life and spending style.

Make An Existing Card, The Perfect Card – Even if you are not in the market for a new offer, you can still improve on the one you already have in your wallet. Start by taking an inventory of your debt by listing all the cards you currently own. Include the balance amount, interest rates, and fees. Their customer service phone number is typically listed right on the back of the card, include that on your list too. Then, list in hand, go through every card and phone each company to inquire about their current offers.

If you are thinking about switching companies, let them know that to see if your interest rate can be lowered before they lose your business completely. Remember, they need your business so often they will be willing to cut fees or rates to keep it. It only takes a phone call, some of your time, and a little leg work to save big money.

Be Patient – Sometimes the best action to take when trying to find the perfect card is no action at all. Companies launch new offers on a constant basis and if you can’t find the right one today, just give it a little time. During the Christmas season, many companies offer the best deals for new card holders, often with zero interest for several months after sign-up. The perfect card for you might be just around the corner, so do not get frustrated if at first you are unsuccessful. Be patient and bookmark any comparison sites that will help you keep an eye on those card offers that could be perfection, once they sweeten the deal.