Finding the Credit Card That Best Fits Your Needs
June 5, 2008 – 2:59 amIt’s easy to find a credit card with a low introductory interest rate. Many credit cards in the market have lots of offers to entice customers. It’s finding a card with great terms in the long run that can be difficult. Opening and closing credit cards affects your credit so it’s best to find one you can live with before applying.
The most popular credit cards are Visa, MasterCard, American Express and Discover card. Each has its own website that you can check out for offers. You want to select a card with a reasonable annual fee or one without an annual fee at all. Some cards, like the American Express Platinum card, charge an annual fee but provide side benefits such as free airfare for your companion.
Most cards also offer roadside assistance, zero liability on unauthorized charges, rental car insurance coverage, and other benefits.
If you want to be rewarded for using a credit card on everyday purchases, get a reward card. If you are into traveling, choose an airline card. Miles that you earn by using the card can be exchanged for an airline ticket. Other cards reward gift certificates, merchandise, hotel stays, and cash to their customers.
Some cards that you call specialty cards offer free credit scores, discounts on phone bills, and theme park tickets. Some of these specialty cards also benefit numerous causes and allow you to donate your reward points to a charity of your choice.
The next kind of reward card is the rebate credit card. Most of these cards reward you one to five percent of the amount of qualified purchases. Some rebate credit cards offer gas rebates. To get the full rebate, these gas rebate credit cards are best used at stand alone stations rather than at wholesale club stations.
Whatever card you choose, be sure you read all the terms and conditions. Keep in mind that interest rates can change dramatically and annual fees can be steep. If you know what to expect, chances are you will be satisfied with your choice of credit card.
To maintain your good credit score, don’t spend over your limit. Pay off your statement balance every month. It is wise to carry two or three major credit cards such as Visa and American Express for credit purchases. You may also decide to keep one credit card for emergency use.
Tags: Credit
Related Posts
Print This Article :
