Choosing The Best Credit Card For YouChoosing The Best Credit Card For You

When choosing the right credit card for you, it is extremely important that you are aware of the conditions and terms that apply to the credit card. There are a few things you should take into consideration, for example take a look at the finance charges, method of balance computation, annual fee, and any periods of time that are interest free on any purchase made with the card, if the payment is made on time and in full.

Everyday, nearly every consumer becomes hit with many different offers of this credit card or that credit card. The choices can seem overwhelming, you could receive offers that include no annual fee, low yearly percentage rates, additional insurance, or reward programs. It becomes extremely difficult with each new offer to determine which credit card is suitable for you and your situation.

Other things you should consider when choosing a credit card includes your credit history, you will need to understand if you have excellent credit, slightly damaged credit or poor credit. With perfect credit or even credit that has the minimal of damage, you can likely be approved and choose any type of credit card you desire. For those with average or slightly damaged credit and those with poor credit will need to choose a credit card very carefully in order to receive the best possible value.

Additionally, close examine your habits in spending when you are choosing your credit card. Consider the following very carefully, how will the card be used, do you intend to pay the balance off monthly, or do you intend to have a balance carry over each month? If it is likely that you will allow your balance to carry over each month and make minimal payments you should probably consider a credit card that has a lower APR or Annual Percentage Rate. For those that intend to pay their balance off monthly in full, they will likely benefit from a card that will offer you some sort of reward program.

Reward programs are great because they can offer you many things such as, frequent flyer miles, extended grace periods that are interest-free, or cash back on purchased made with that credit card.

You should also take into carefully consideration your personal interests when choosing a credit card. For example, if you are a frequent traveler it could be of high value to opt for a credit card that will offer you specific rewards like travel vouchers or discounts to use while traveling. Do you prefer to shop at one specific store? Then you should think about getting a credit card that offers you the opportunity to gain cash back or rewards when you make purchases at that particular business.

by Mark Lambie
References and Bibliography

For more great information visit our Debt consolidation loan uk website. We are a great resource for loan, mortgage, and finance articles and information.

Rated:NR/0 Votes
Add To My Article Reading List
Add To My Article Reading List
Print Article
More Article By Mark Lambie
More Article by Mark Lambie
More Articles From Credit
More Articles From Credit
Related Articles and Readings
Choosing a Credit Card By: Peter Lenkefi
Everyone has different needs when it comes to choosing a credit card. If you pay off your monthly bill in full on a regular basis, for instance, you'll want a different kind of credit card than someone who keeps a balance every month. Or, if you collect some sort of ...
Choosing A New Credit Card By: Neil Brown
1. Choosing A new credit cardThere are many reasons for choosing a new credit card.It may be your first card or you may wish to reduce the amount of interest you're paying each month or if you're lucky enough to pay off your balance each month you may wish to ...
Bad Credit Credit Cards Choosing the Right Credit Card By: Carrie Reeder
If you have bad credit, your credit card options are limited. Aside from many credit card companies denying your application, individuals with bad credit usually receive very low credit limits and additional fees. When applying for a credit card, choosing the right card is essential. Here are a few tips ...
Choosing an Airline Credit Card By: Willard Roberts
Choosing an airline credit card is easier than you might think. When sorting through all of the many options available, there are three main questions you need to ask yourself: What airline do I use the most often? How many times per year do I fly? And, ...
My First Credit Card By: Rudy Hadisentosa
"How to find the right credit card?" is the question which haunts every credit card hunter. Though there is enough said and heard on why one would need a credit card, this is exactly the question that you should ask again when hunting for the right credit card for yourself. ...
The information provided in this article and/or the comments is the sole responsibility of their respective authors and does not necessarily reflect the opinion of  does not endorse any article and/or comments published by our web users unless otherwise noted. 

Member Panel

login to submit articles and more


  • » Active Categories: 419
  • » Active Articles:252603
  • » Active Authors:31917
  • » Active Members: 38237
  • » Statistics Updated:
    - Tue Sep 1st, 2020 09:28AM EST