Expert Debt Management
Expert Debt Management
5 Tips to Find a Card That Will Suit You Best
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Each person's financial requirements are different and therefore, credit cards are also designed differently to match such "different needs". Each credit card in the market today - VISA, MaserCard, Dinners Club, etc, - will offer you something extra. How do you find that "something extra" from every card offered out there so you can choose what is best for you?

It sounds much more complicated than it is. Thanks to the Internet comparing the options offered by credit cards is possible at the click of the mouse. It is very important that you check all the available options before you decide what type of credit card you apply for.

Here are a few top tips that will help you find those particular credit card option benefits that suit you like a glove.

Use An Online Credit Card Comparison Site - There are many sites out there that will give you an unbiased comparison of a number of cards - usually the top 10-20 cards available in the market. Many sites give you a comparison table of the top 10 credit cards in the market at a given time. To ensure you are getting the best deal it asks about your preferences:

-What is your maximum credit level?
-What is the reason to want a credit card for?
-What type of benefits would you mostly prefer?
-What  type of credit card are you applying for?
-What provider (bank) would you prefer?
-What rate are they charging?
-What are your eligibility criteria?

Shop Around And Apply Only To A Few Credit Card Providers - too often checks on your credit would affect your credit score so, do not go on an application spree. Also, it is good to keep in mind that you do not want to have too many credit cards - even if you are eligible to many - because you would be tempted to spend more and get into bad debt. All you need is 2-3 best suited to your need credit cards - no more. Hence, you need to choose the cards that give you maximum rewards in the area you use it the most.

Be Aware That There Are Limitations - most people are wooed by the advertisements of these credit cards which highlight the maximum of the benefits. For example, you will see credit cards that advertise 2% reduction on balance transfer. You are totally bowled by the opportunity of saving 2% - which can be huge on large outstanding bills - and rush to apply. Later you find that the discount is available only if the transferred amount is above XYZ amount or if it is paid back within ABC period. Be careful when you decide on any credit card. Read the fine print, inquire about limitations and conditions of the offer. Only when you are 100% satisfied, apply.

Look For Possibilities Of Combining Rewards - some options can be combined or accumulated to allow you maximum benefits. For example, there are credit cards allow you 0% credit over a period of time (say, 6-8 months) and that is wonderful for you will save a small fortune in interest. However, there would be eligibility conditions. The credit card turnover would have a minimum requirement and also you cannot miss out (or even delay by 1 day) the repayment - even if you are paying the minimum repayment. Miss one, and you will suddenly be charge higher interest and penalty fees.  Also to avail of the 0% interest benefit, you will be required to clear the loan within a fixed period.

Look For Long Term Benefits - it is always better to look for long time benefits. Choose credit card options that continue even after the introduction period. Unless the introductory offer is too brilliant - for example, a maximum reduction of interest for balance transfer -it is best to choose card that will give you rewards for as long as you use it and beyond the introductory offer period.

This guest post was submitted by Charlotte who is a freelance writer and likes to focus on matters that save families serious cash. Such as saving money with
credit cards.