5 Tips On Choosing Credit Cards

By: Stevenj.talrechi
Ever since credit cards were invented, the types and brands of credit cards available have continued to grow. When deciding upon which credit card is best for you, there are many things that you need to consider. This, at times, can become somewhat overwhelming. To help you through the process of picking a credit card, here are a few quick tips to think about:

1. The Appropriate Card. The right card will be able to give you what you need as well as make your life easier financially. With these cards there are standard, secured, and reward cards that you can use. Whichever one you choose should depend on what you need from your credit card.

2. Credit Card. Credit cards and how you use them should directly reflect the type of credit card you choose. If you decide you need to carry a balance regularly, you would want a credit card that has a low interest rate. If you plan to pay off the balance in total every month, an interest rate might not be as important. If you decide you want to carry a balance from one card to another, then you should find a card that allows you to do balance transfers as well as a low rate.

3. The APR Of Things - The APR should make a great deal of difference to you. Some cards offer a great introductory rate; however, beyond this the rate may not be so appealing. The APR has an impact on the finance charges that you see on your bill. This is particularly true with those who intend to carry balances on their credit card. You want to make sure you are choosing a credit card that carries an appealing APR for cash advances, balance transfers, and purchases.

4. Fees Shouldn't Come as a Surprise. Most credit cards charge fees for many different actions. You might be charged a small free for every cash advance. You want to check out annual fees because some cards charge these while others do not. Be sure that you understand late fees and any other type of fees that exist if you exceed the limit on your credit card. There may also be many other fees accessed by the company which can include copies of statements, how you pay your bill, and returned checks.

5. Do You Want Rewarded - Many people choose a credit card based on the rewards that they can receive through regular use. Many credit cards have no begun to offer you incentives for using their card. For example, perhaps you can earn frequent flyer rewards, discounts, gift cards, or even cash back. There are specific credit cards for specific vendors as well, which could give you exciting incentives for their specific business. However, the problem with many reward cards is that their fees, interest rates, and other elements are generally higher than a traditional credit card.

It is important to be careful when choosing a credit card. You want to make sure that you read and understand all terms and conditions as they apply to the card, as well as know any fees or restrictions that may apply to you during regular use of the credit card.
Most Read Articles On
"Credit Cards"
Top Searches on
Credit Cards
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Credit Cards
 



Share this article :
Click to see more related articles