We used to receive presents on holidays and for birthday from our friends or relatives - always something special and meeting our needs. What if the bank which is your everyday financial partner would present you with something special on the forthcoming holidays?
In comparison with recent years, now banks became more loyal to their customers and are trying to attract the new ones just before the holidays. Such banking giants as Citibank, Chase and Discover have been launching promotion programs for potential customers or rewarding companies for the existing clients.
No wonder, the result is the growing number of credit card applications during the last weeks before the main holiday of the year. Presents from the bank, however, should be treated with a good deal of wisdom, as even the most beneficial special offer can lead to debt. Here are some useful notes on how to use the holiday special bank offers to your advantage.
Be disciplined and do not go into extremes facing so many tempting credit card deals on offer.
Choose the one that meets the most of your needs and spending habits. Let us look at the new credit options available on the market this season.
Citibank introduces new rewarding terms with its PremierPass Elite Level MasterCard. Now you will receive 25,000 bonus points instead of only 5-10,000 points before the holiday time. To earn these points one should do nothing special, but spend wisely and pay everything off on time. Thus, you spend $500 with your credit card during 60 days and, according to the terms of this special offer, you will receive 25,000 points as a bonus to redeem for a free ticket!
During the Christmas vacations or a little earlier, many people travel a lot, so frequent flyer credit cards are in great demand. Especially after some banks announced holiday time offers. Under the circumstances, airmiles or cash back credit cards for travel are among the top search queries.
Again Citibank distinguished itself by introducing another teaser offer: AAdvantage Gold or Platinum MasterCard now can provide as many as 40,000 bonus airmiles, if you transfer a certain sum of money on your plastic within 24 months. Chase bank is not lagging behind. They present their consumers with the new terms of United Mileage Plus card, now promising 21,000 bonus miles under the certain conditions.
As you see in these few examples, the bank is ready to provide its customer a fantastic gain in the pre-holiday period. Provided the consumer meets ITS requirements, however. That is why it is important to keep sober when choosing a credit offer with holiday teaser terms.
