In this situation, when there is no dearth of offers, which is the best offer?
There is nothing like a best offer, really. A better question to ask would be – ‘Which offer is the best for me?’ The spending habits of one person are different from that of another person. Their living styles vary and hence their needs vary too. So for deciding on which offer is best for you, you need to evaluate your needs vis-à-vis your lifestyle and your spending habits (and not go just by the recommendation of someone). For example, if you frequently travel by air, a co-branded airline might be more suited to you than the general purpose one.
These airline credit cards offer discounts, rebates and other kind of rewards when the is used for making payments (the rewards are even higher when these credit cards are used for paying for the airline tickets or other airline products). Similarly, if you have a favourite retail store where you do a lot of your shopping, it would be beneficial to check if the retailer is a supplier too and if there is a offer that suits you. A lot of big retail chains do offer co-branded credit cards to their customers and these credit cards offer rebates/discounts etc when they are used for making payments at the retail store. As such, you get reward points for making payments at any place but the rewards are higher on the payments made at retail store. On similar lines, we have credit cards for gas stations and grocery stores too, which you can opt for if you have a favourite gas station or a favourite grocery store where you shop a lot.
So, if you look around, you will find a lot of lucrative offers. However, this doesn’t mean that you enrol for all the offers. You need to first evaluate your needs and rank them. Then you need to evaluate what all offers suit your needs. And finally you can make your choice and go for a offer that covers most of your needs and gives maximum benefits.
