Credit cards are staging a come-back in 2022, 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 interest-free days extend out to as much as 110 days, 0% balance transfer offers up to 33 months and annual fees on some low rate cards drop below $50. On the perks front, Virgin Money is offering new Velocity Flyer cardholders the chance to earn a whopping 100,000 bonus points in the first four months after card approval, while the innovative Freestyle Virtual MasterCard from MoneyMe earns you credit back from 1,400 stores.
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 the market.