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Why you should open the credit card offer that was in your mail

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Did you know? There could be huge savings hiding in your mailbox.

Rewards or bonus points

In addition to building good credit, another reason to use a credit card is for the rewards. There are thousands of credit cards on the market today that will give you rewards like cash back or travel miles for charging money you already have to spend anyway.

Look for credit cards that offer bonus points for opening or transferring balances. Usually, you have to meet a spending threshold within a certain period of time — for example, $1,000 within the first three months. Once you do, though, you can take those bonus points and use them to pay down the balance (or take a vacation — it's up to you!).

No annual fees

Finally, if you're paying an annual fee on your current card, consider finding a new card that doesn't charge you one. Many companies waive the annual fee for the first year or might not charge one at all.

If you need a credit card, one of those offers in the mail might actually be the best deal. But before you apply, be sure to read up on how to choose the right credit card for you, or visit your local Synovus branch to talk with a banker about which card is best for you.

Important Disclosure Information

This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.