Survey Identifies Best Credit Cards for Holiday Shopping

A new survey finds that more holiday gift buyers will be using credit cards this year and it can be a rewarding experience if the cards are used wisely.

Credit-Land.com is a group that keeps an eye on credit cards for the consumer by analyzing and ranking cards that offer the best values to customers. A combination of credit card benefits, credit card costs and consumer protection features are used to form the rankings.

Credit-Land.com lists the cards for this year's holiday use, based on the objective criteria, as follows:

  • Discover┬« Card Platinum - named the 2006 Holiday Shopping Credit Card of the Year, nationwide, features no annual fee, zero dollar fraud liability, a generous 5 percent cash back and a 25 day grace period, a low interest rate, zero percent introductory rate and a $15 dollar late fee for balances under $500.

  • Chase Bank Platinum Visa┬« - is the second place winner with no annual fee, a Flexible Reward Program that offers points for every dollar spent and that can be redeemed either in cash or merchandise and collision insurance on auto rentals that can be a money saver on holiday travel.
  • Blue from American Express - offers no annual fee, a low APR and a reward program offered by Blue Card from American Express that is redeemable for merchandise from a selection of major retailers, gift cards or for travel.
  • Capital One No Hassle Cash Rewards Visa - is good for both travel and shopping, with a 1 percent cash back on purchases and 2 percent on gas purchases, no annual fee, travel insurance and a reasonable rate of interest.
  • First PREMIER Bank MasterCard┬« - offers consumers with a poor credit history a chance to improve their credit with the lowest total cost of ownership offerings for those who do not qualify for a card otherwise, a 25 day grace period on purchases, with a 9.99 percent APR and a $25 late fee.

The company lists more information at www.credit-land.com/holidays. The company is a consumer education provider and offers a best-in-kind credit card watch service using consumer needs to rank credit cards.

Card holders are advised to make on-time payments and avoid going over the card limit to avoid fees. Read details carefully to be advised of possible changes in rates and use cards wisely.

You may like these other stories...

By Deanna C. White Millennials may be incredibly savvy when it comes to using technology to research nearly every decision they make, but when it comes to determining their financial habits, a new survey suggests they...
By Deanna C. White A survey by the American Institute of CPAs (AICPA) indicates that many American parents are still reluctant to engage their children in significant conversations about money, with only 13 percent of...
By Jason Bramwell The percentage of higher education leaders who  are "very concerned" about their ability to maintain current enrollment levels is on the rise, according to the second annual Higher...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.
Oct 30
Many Excel users have a love-hate relationship with workbook links. For the uninitiated, workbook links allow you to connect one Microsoft Excel spreadsheet to other spreadsheets, Word documents, databases, and even web pages.