Listen to the crescendoing chorus of tree frogs in this video. At the end of it, a frog can be heard a few feet away as it picks up on the croaking from the others. Here in Charleston, South Carolina these tree frogs are a lot like the talking heads in mainstream media. Everyday new ideas and opinions are passed on and repeated, but the majority of it is false information. For example, those who are holding municipal bonds in Puerto Rico stand to lose everything right now because Puerto Rico is seeking bankruptcy protection. But still we hear pitches on TV to buy them. Even in the US, cities have declared bankruptcy, leaving bond holders with nothing.
The same principle can be seen while credit card shopping. While checking out various financial blogs you may notice that the same cards keep being advertised. This is not because they are the best for you. Rather, the blog owners fell in line with what some influential bloggers were doing. I sincerely doubt each advertised card has been tested and approved before being given the green light.
Don’t let your credit card shopping be influenced by those who just want to profit from your decision. More than likely, the credit card listed as THE BEST card gives a blogger the biggest financial return if you get it through his site. Do a search of “best credit cards” and you will see that there is something familiar about the first few websites. View each one and you’ll see the same cards listed despite there being thousands of cards in existence.
So don’t fall for the trick of flooding a bunch of sites with the same product. If you do a thorough search you will find the best credit card for your situation.