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Thursday, May 12, 2011

The Best Credit Cards for Each Stage of Life


Just like clothes, cars, friends, and homes, as we go through the different stages of our life, we grow out of our credit cards. We start to want different rewards, different features, and different perks to help navigate our new financial course. But which credit card to choose? CBS Money has come up with a card for each stage of life that will help you choose the card that is best for you, including Citibank credit cards, American Express credit cards, and Discover credit cards. 

For College Grads
For new graduates, Lynnette Khalfani-Cox, author of "Perfect Credit" and founder of the free financial advice blog "Ask The Money Coach," recommended the Citibank credit card known as Citi Forward. This card offers young spenders benefits for paying on time, like an up-to-2 percent reduction on their interest rate. Beyond this offer, which is currently featured on CustomerCreditCards.com, Forward rewards you for doing things socially, like visiting the movies, restaurants or coffeehouses—great for young grads. 

For Newlyweds
Paying for a wedding? Want to transfer your debt from your college interest cards to something better? Try the Discover More card offered by Discover credit cards. Discover More offers 18 months with 0 percent APR on balance transfers, so you have a year-and-a-half to pay off those old debts that have been hanging over your head. 

For Parents
Want to get a head start on the college fund but don’t know how to get it going? Let your credit card do the work. American Express credit cards partnered with Fidelity Investments to give you cash back rewards that go right into a Fidelity account for college. They’ll get there sooner than you think. Best to be prepared.
Each of these stages is unique, so it is best to examine these cards carefully and make sure you have the best information available before signing up for any credit card. But with CustomerCreditCards.com, you can make a more informed decision, no matter what stage of life you are in.

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