Credit Cards

Tips, news, reviews, caveats, trends, updates and analysis related to consumer and business credit cards, and prepaid debit cards. From the interest rate specialists @ FedPrimeRate.com

Tuesday, July 03, 2007

Credit Card Rankings for June, 2007

Here are the popularity rankings for the cards we recommend here at www.FedPrimeRate.com for June, 2007:


Credit Card Rankings
Credit Card Rankings


The above-listed rankings are based on both applications and approvals that originated from this website.

The Discover More family of credit cards retained the #1 spot last month, even though Discover recently added a fee for transferring credit card balances to any Discover More card. Balance transfer fees can be quite the buzzkill, but with Discover More, the balance transfer fee is capped at $75, so transferring a balance is still worth it if the transferred balance is a significant sum. The Discover More cards are still attractive because the 0% intro APR period for both new purchases and transferred balances is still 12 months, while many other competing credit cards only offer an interest-free period of 6 months.

If I was a betting man, I would bet that the CitiĀ® UpromiseĀ® card will capture the #1 spot this month (July.) Why? Great rewards (the easier it is to save for your kids' college education, the better!), no balance transfer fee and a 0% intro APR for 12 months on transferred balances. Stay tuned for next month's report!

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