The most popular credit card companies are not always the most reputable ones. Often it is the companies with the looser requirements to become a cardholder which are the most popular, because more people are eligible to carry those cards.
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Some of those that are most popular include Chase, CapitalOne, Bank of America, and Citibank. However, the credit card that is most popular is also the most reputable one, American Express.
If you are looking for the most popular types of credit cards from the most popular credit card companies, balance transfer credit cards, low interest credit cards, cash back credit cards and any type of reward credit cards are the ones that will interest you. Learning more about each type and analyzing your own spending habits and credit card needs will uncover which is the best choice for you personally.
How to Choose Among the Most Popular Credit Card Companies
The decision to go with one of the most popular credit card companies is relatively easy. In fact, there are multiple reasons why you should choose the most popular credit card companies for your credit card needs:
- There is security in numbers. If large numbers of cardholders have opted to use a certain issuer, chances are the company is solid.
- Three of the top credit card companies, American Express, Chase and Citibank, have been around for over a hundred years.
- The most popular credit card companies offer all types of credit cards, so no matter what you are looking for, you will find it.
You can easily access their consumer ratings according to J. D. Power and Associates. This tells you the experience of real cardholders. In fact, the most popular credit card, American Express, also has the best ratings according to users.
Screening the Most Popular Credit Card Companies
Screening your credit card company before choosing to take out a new credit card is an important part of the equation. Take the time to check out the different types of cards offered and the terms and conditions of each. How much the card will cost you and the benefits of it are of primary concern. When you have narrowed down your choice, look more closely at the company itself.
Online resources like the Better Business Bureau and Consumer Watchdog are the places to go to check out credit card issuers. Look at the types and frequency of complaints about issuers. Check the age of complaints also as certain issues may be resolved. Ask yourself if the complaints that others have had with the companies you are considering are ones that you could live with or ones that would be deal breakers.
Moody’s and Standard and Poor’s are two other resources that you can check for information regarding your credit card company. To be sure that the company you are getting a credit card from is financially sound, you can check out their ratings from one of these top two independent financial ratings firms. These ratings will tell you how they are doing presently and how they are expected to do in the future.
Getting the Right Credit Card from One of the Most Popular Credit Card Companies
Take the time to shop around carefully for a credit card that meets your needs, and consider what those are:
- What kind of introductory and standard APR does each offer?
- What types of fees are charged?
- What kinds of benefits can you expect to receive?
- How do you generally manage your existing credit?
- Do you carry a credit card balance or pay it off monthly.
- Do you use credit cards for big purchases?
A thorough analysis of the card and the cardholder-to-be will help you find the best match. Such information will help you determine whether you should go for a low interest credit card, a rewards credit card, a cash back credit card, a balance transfer credit card, or another type. While the most popular credit cards are not the only ones out there on the market today, they are very good choices.
When you are ready to find the perfect credit card, choose the three types that appeal to you most and use the FREE credit card finder to do a credit card comparison!