Why You Should Apply For a Credit Card Right Now!
Filed Under (Credit Cards Blog) by creditblogger on 25-12-2008
A lot of folks have been hurt by the credit crunch, and credit card companies have had trouble pulling in profit from their card holders. That has made credit companies to make some tough decisions. For one, credit card companies are increasing fees on folks who have less than stellar credit background. Even some folks with excellent credit have been hit by higher rates. Secondly, many credit companies are tightening the criteria for getting approved for cards. This all means that you are going to find it difficult to get a credit limit in the upcoming months. The bad news is credit struggles will continue in 2009. The good news is that you may still get approved for some of the better offers if you apply for a card right now.
You can always compare cards to find the one that is best for you by going to your favorite credit card comparison site. I personally recommend the following comparison sites:
You may still qualify for some of the better offers before the year-end. But you can be sure that a few cards will no longer be offered in the new year, and those that will survive will have tougher approval criteria.
Your take: Have you been hit by the financial crunch?
