How to Choose a New Credit Card


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Posted by on Sunday March 10, 2013 at 20:56:24:

Choosing the right credit card can become a problem, especially if you have been receiving many offers yearly. You need to review the benefits and terms of each offer before making a decision. The pre-approved card offers might appear to be the best to choose but some of them are not saying the truth about their offers. One of the first thing you need to consider in choosing a new credit card is the frequency of the use of your credit card.

You will need to research on the terms of the credit card agreement so as to know which one will serve you best. You can research online or by going to your local banker about the types of credit card services offered by their financial institution. You shouldn’t accept the first credit card offer, because it is better to look further for the best, and I believe only the best is good for enough you. You are the one to decide which credit card suits you best if you know how often you will be using it and on which purchases the card will be used. Some people pay for most of their purchases with credit cards while some only use it in time of emergency, or occasionally. Such people normally pay off their balances quickly, while those who make small and frequent purchases usually have carry-over balances.

Most credit cards have rewards and features which provides incentives to their customers in order to receive their desire. Although the incentives helps bring in more clients, but can be annoying when the balance has to be paid off instantly. In trying to decide which credit card is best for your needs, have it in your mind what is the annual percentage rate and the credit line limits are, as well as other incentive packages.

There are several types of credit cards offered by most credit card company and each has its own unique features, advantages, limitations and costs. The credit card customer pays a security deposit on the security credit card and the credit line is often offered and is the smallest one. It is used as a means to make improvement in the credit score. The commonly used credit card is the regular credit card and has a higher credit line. There is no need for security deposit in this type and sometimes offer reward incentive programs.

Another type is top of the line credit card. This is known as the premium card or gold, platinum or uranium card. It has the highest credit line with the most incentive features. If your future plans will depend on the use of a credit card, it is better to choose the one that has the right terms and rates, coupled with your desired incentive packages

I wish you a healthy financial future.


Re: How to Choose a New Credit Card Reply by Mrs Fm on Tuesday September 23, 2014 at 16:8:6:

Which credit card is the best in Nigeria? In terms of percentage charges and ease of collecting it

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