Now that the new credit card rules are in effect, there are a few things that consumers should be made aware of before they run out and apply for a new card. For most, the new rules favor consumers and force the banks to find other ways to raise much needed revenue. However, there are some fancy new rules that could cost cardholders to pay unnecessary fees, so be sure to read those terms carefully.

If seeking a new credit card, be aware of the following:

Foreign Usage Fees – You don’t have to travel to Mexico and buy something with your newly acquired card in order to be charged a foreign usage fee, you could be buying something online that is processed by a foreign merchant service provider.

Chase Sapphire℠ Offers One of the More Attractive Rewards Programs

Avoid Adjustable Rate Cards – Try to stay away from credit card offers that have an attractive upfront, introductory rate, but charge a much higher rate after a certain amount of time. Under the new laws, card providers must notify you of changes to card terms 45 days prior to doing so.

Compare Rewards Programs – Not all credit cards are created equally, some offer much better rewards programs than others. Be sure to read the terms of your rewards program carefully, and select the one which offers the most reward with the lowest possible rate.

Get Rid of High Interest Cards – Rumor has it that if you get rid of a credit card account, there is a negative effect on your credit report. While this may very well be true, you shouldn’t be too concerned about your credit rating if you aren’t planning on making any new purchases on credit. Those of you of course who do plan on making large purchases on credit in the immediate, or near, future, may want to stick out those high interest rate cards until after your purchase.

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So you’re shopping around for the best credit card offer. Obviously a low introductory rate, along with an affordable adjusted rate is important, but for some, rewards are equally as important. If you are that person, the one who uses their card and wants to get the most back from their credit card provider, you may want to take a closer look at the Chase Sapphire℠ credit card.

Chase Sapphire℠ premier card holders have access to Chase’s Ultimate Rewards℠ program, which offers a credit card designed with rewards points that will never expire, you’ll earn one reward point for every dollar spent on the card, no limit to what you can earn, no travel blackouts or other restrictions, and an online travel booking tool.

Get 10,000 Reward Points Instantly with Chase Sapphire℠

Perhaps the best feature of Chase Sapphire℠ is the instant 10,000 bonus reward points after the cardholder’s first purchase. Rewards points can be redeemed and applied to purchases bade within 60 days of the redemption date. The minimum redemption rebate starts at $25 and takes 2,500 points and in 100-point increments for each additional dollar. There is no preset spending limit and cash can be withdrawn from over one million ATMs.

Another Chase program featured with Chase Sapphire℠ is Blueprint℠, which is online software that allows cardholders to manage finances. Blueprint℠ includes Full Pay, allowing customers to pay everyday purchases in full each month, Split, which allows customers to pay larger purchases off over time, Finish it helps to pay down balances faster, and Track It shows spending trends.

Additional benefits with Chase Sapphire℠ include identity theft protection, zero liability on unauthorized purchases, purchase protection on personal property, extended warranty protection on eligible manufacturer warranties, price protection for the first 90 days of purchase, and return protection if a retailer refuses to accept a return.

Related Information
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