Credit cards are staging a come-back in 2021, with a wave of fresh new card offers hitting the market that at first glance seem almost too generous to be true. But there’s a bigger story driving this wave of apparent generosity, and it’s one that cardholders are set to benefit from.
After years of declining rewards, steep fees and charges, and even steeper competition from new payment options like debit cards and buy now pay later, credit card providers are now being forced to reverse the trend and deliver real consumer value to combat competition from the likes of Afterpay and Zip.
As a result we’re now seeing 0% balance transfer offers extend out to as much as 30 months, purchase rates drop under 10% and annual fees on some low rate cards drop below $50. On the rewards and perks front, Citi is now letting cardholders pay for almost anything with points and Amex is offering a limited time $300 cashback plus 90,000 sign up points on its popular Explorer card.
So no matter whether you’re looking to clear your debt with a 0% balance transfer, save on interest and fees or get better value out of your rewards, now is an ideal time to check out some of the top credit card offers on market.