Credit cards are too easily obtain nowadays. You can have as many as you want and from many different banks too. There isn’t a limit as to how many one can own. If you just visit any shopping mall, I’m sure you will be stopped by some credit card agents promoting their credit cards. As most people are attracted to FREE stuffs, they thus be tempted to get it as the credit cards company are not offering Free For Life credit cards.

However even though it says that it is Free For Life, but we all know that there will never anything be totally free when it comes to business. There are bound to have some terms and condition that will be applied. As far as I can see, mostly these credit cards company will need you to use the credit card at least 3-4 times per month or spend a certain amount in order to have the Free For Life privilege. Therefor if you wish to keep all the cards, you are forces to spend on your own behalf.

It is best that before we get any credit cards, we should compare credit cards before taking up on their offer. There are some credit cards company that even offer you 0% balance transfers from other credit cards to your new credit card too. It is very nice and tempting when you hear that don’t you. 0% interest, which means no interest. They are not worried about the interest as long as they have another customer sign up with them. As long as you haven’t settled the balance transfer you will have to stay on with the credit card company. Thus in the long run if you still uses their credit card, they will make back from there.

I’m looking for some good cash back offers for my purchases if I were to get another credit card. Which means I might see some negative figure on my statement too. Don’t you rather get some cash back than some loyalty points?