There are many different types of credit cards on the market. What is the one that best suit your needs? Since we all in different financial situations, selecting the right credit card for your daily use really needs some upfront investigation.
What is the Best Credit Card for You?
There are many factors to think about when you choose your credit card: your credit score, lifestyle, spending habits, different stages of your life and more…
For example, if you plan on using the credit card for your wedding purchases, the amount could be big, then you should look for a zero percent interest rate credit card which has an introductory period that can last up to 18 months or more. This will save you money if you aren’t paying off your total balance each month.
I remembered to be with my daughter when she applied for a bank credit card. Since she was still a student at the time, she barely had any credit history, so she was suggested to start with a secured credit card, which asked her to put down a cash deposit to cover the line of credit. This is also the option for many of those with bad credit scores.
More and more people start their small online business such as eCommerce. It is always better to secure a business credit card specifically for your business use. Business credit cards are designed to meet business owners needs and offer benefits like year-end summaries or unlimited rewards.
You may feel overwhelmed when shopping around for credit cards, trying to make comparisons and struggle to decide which is the best card. A good help is that there are tools online to assist you to make wise decisions on which type of cards to choose for your special needs.
How to Choose Your Best Credit Card?
There are three types of credit cards to choose from — business, personal and student, this part is easy to decide.
Then you can choose your credit cards with different features, such as Balance transfer, or Low APR or Now Annual Fee.
Last, and more importantly, is to consider how you would like to save more by applying for reward credit cards. There are cards rewarding you airline miles, cash back, reward points for redemption later on. Some reward you with gas or hotel discounts.
Shopping for credit card that meet all your special needs is no easy task. Educate yourself on this matter first, then you can be confident to shop around. With the knowledge of pros and cons of each card, you can make informed decision.
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