This summer has surprised all of us with its unbelievably hot weather, the highest gas prices and the unforgettable Beijing Olympics. But when it comes to credit cards, there were no surprises as for which cards came up as the leaders on the most popular offers chart for the season.
The number one deal for the summer of 2008, without a doubt, is Discover Open Road Card. This is the card with generous 5% cash back rewards for gas purchases that can be doubled or even tripled by redeeming points through Discover partners. I must say that gas credit cards in general were the most popular offers this season. That is understood, since the gas prices were at the peak during the busiest travel season. Recently we have been observing somewhat satisfying decline in fuel cost, however it is one of the biggest concerns for many families with limited gas budget.
The second place was taken by the 0% credit cards and a number of credit cards from Chase, American Express, Discover and other banks. The wave of credit troubles that started forming at the end of 2007 has created a crowd of people constantly searching for a temp relief for their credit problems. Balance transfers for many of them seemed to be the best solutions, driving up the popularity of 0 interest credit cards with a balance transfer option. Among many offers Citi Platinum Select and Chase Visa Platinum cards took solid leading positions in this category.
Credit cards with rewards, as usual, were getting more attention as we all started looking for hotel and hotel reservations. The top positions for travel rewards were taken by Blue Sky from American Express and Miles by Discover Card. The seekers of cash rewards were satisfied by such offers as HSBC Weekend Card and Financial Rewards from Bank of America. As we covering the subject, I would like to make a point here – getting a reward credit card during the travel season will not help one much. If you wish to take advantage of such credit card deals, then get your card now and collect points by the next summer.
We have reviewed the three most popular categories for this summer season. For all of you who are looking for additional offers or more information on the deals mentioned above, visit CreditCardMix that hosts great credit card deals [http://www.creditcardmix.com] available online. Do not forget to use Google or any other search engines to find other credit card portals and compare offers. Remember to shop around and read all the details on the application before applying for a credit card.