Top Credit Cards

What are top credit cards and why are then in a list? The top credit cards are going to vary depending on the site you are on and the category you are looking in. All websites have a list of the top five or top ten credit cards. These cards are meant to make your decision a little easier when you are applying for a credit card. In fact the top ten cards have already been examined for their properties to determine them as the best. The editor of the page will be looking at the same things you are concerned with.

This doesn’t mean you should take the top cards at face value. While the cards are listed and have been reviewed on the site you still need to determine if the information is right for you. Some of the top credit cards are MBNA, Barclay, Halifax, and American Express. These top cards vary depending on the attributes they have.

For example we are going to look at American Express as a company. They are very tough to get a card from. They have a lot of restrictions, but on the other hand they have some pretty great offers. American Express was started as a business credit card company. They have since branched out into the personal market to be more competitive and to be accepted around the world with more frequency. They are still primarily great with business and even have one card with no interest rate. It has an annual fee of 95 pounds. This is a pretty good savings and one of the reasons it is in the top list.

Barclay has a special life of the balance transfer credit card. The life of the balance means the amount you transfer will have a fixed rate for as long as it takes you to pay the card off. This could mean a year or 20 years. It just depends on the amount of the balance transfer. This rate is usually as low as 1.99 percent with a 3 percent of 99 pound fee. For a transfer that is pretty decent and gets them in the top of the credit card paradigm.

MBNA is known for their charity cards. They have over 20 different charity card options that you can take advantage of. The charity cards have pretty much the same APR, introductory rates, and donation amount. The difference between the cards is what charity. There is only one card with MBNA for each charity such as Breast Cancer research, aids research, eyeglasses, world wildlife fund, and more. Since the competition is low on these cards they could really charge a higher interest rate; however most of the cards are 12.9 percent to 14.9 percent on an average application.

As you can see the top cards will vary and they depend on the editor creating the list. With a site like you are on now the information is given in an unbiased manner and not a result of the credit card companies themselves.