Which Credit Card Is Best?
Which credit card is best for you? Trying to match your particular needs in an endless sea of offers can get very confusing. Some of these tempting offers can include no annual fees, credit card rebates and even best frequent flyer credit cards.
But getting the right card depends on your objectives and individual financial needs. Here are a few considerations when choosing which credit card is best for you.
Personal Spending Habits
Your personal spending habits are one of the biggest factors in determining which credit card is best. If you use your credit cards as a convenience not to carry cash and pay off your balance every month, cards with high credit card rebates, low annual fees and extended grace periods will work best for you.
But if you just pay a monthly payment and carry a balance, a low interest rate should be your number one consideration when choosing which credit card is best.
Credit Card Reward Programs
As long as credit card rebates and rewards cards offer good interest rates and low annual fees they are good for you. The best frequent flyer credit cards can even earn you enough points to take vacations.
Cash back reward credit cards might be which credit card is best if you are looking for rebates on your purchases. These cards offer you a check or cash credit of 1% back at the end of the year.
But be aware of these offers because not all cash back reward credit card programs really mean what they say. Read the fine print so you clearly understand the terms.
Credit Card Grace Period
A credit card grace period is the number of days before the credit card company starts charging you interest on new purchases. Most cards have a grace period, but when decicing which credit card is best, watch out for the cards that don't.
If you have a card with no grace period, you will pay interest on new purchases from the day you make the purchase, even if you pay your bill in full every month. The longer the credit card grace period the better it is for you.
When deciding which credit card is best for you, read the small print in the credit card terms regarding the credit card company rules concerning the credit card rebates, grace period as well as the interest rates and fees.
Then, think about how you will use the card, especially if you expect to carry a balance. Choose which credit card is best for you and your personal spending habits.
Copyright © 2006 Credit Repair Facts.com All Rights Reserved.
This article is supplied by Credit Repair Facts.com where you will find credit information, debt elimination programs and informative facts that give you the knowledge to correct your own credit and credit report. For more credit related articles like these go to: Credit Related Articles
But getting the right card depends on your objectives and individual financial needs. Here are a few considerations when choosing which credit card is best for you.
Personal Spending Habits
Your personal spending habits are one of the biggest factors in determining which credit card is best. If you use your credit cards as a convenience not to carry cash and pay off your balance every month, cards with high credit card rebates, low annual fees and extended grace periods will work best for you.
But if you just pay a monthly payment and carry a balance, a low interest rate should be your number one consideration when choosing which credit card is best.
Credit Card Reward Programs
As long as credit card rebates and rewards cards offer good interest rates and low annual fees they are good for you. The best frequent flyer credit cards can even earn you enough points to take vacations.
Cash back reward credit cards might be which credit card is best if you are looking for rebates on your purchases. These cards offer you a check or cash credit of 1% back at the end of the year.
But be aware of these offers because not all cash back reward credit card programs really mean what they say. Read the fine print so you clearly understand the terms.
Credit Card Grace Period
A credit card grace period is the number of days before the credit card company starts charging you interest on new purchases. Most cards have a grace period, but when decicing which credit card is best, watch out for the cards that don't.
If you have a card with no grace period, you will pay interest on new purchases from the day you make the purchase, even if you pay your bill in full every month. The longer the credit card grace period the better it is for you.
When deciding which credit card is best for you, read the small print in the credit card terms regarding the credit card company rules concerning the credit card rebates, grace period as well as the interest rates and fees.
Then, think about how you will use the card, especially if you expect to carry a balance. Choose which credit card is best for you and your personal spending habits.
Copyright © 2006 Credit Repair Facts.com All Rights Reserved.
This article is supplied by Credit Repair Facts.com where you will find credit information, debt elimination programs and informative facts that give you the knowledge to correct your own credit and credit report. For more credit related articles like these go to: Credit Related Articles
posted by Gary at 1:08 PM
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