Few tips for choosing the perfect credit card


Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Cardholder Benefits » Few tips for choosing the perfect credit card

Few tips for choosing the perfect credit card

There are several types of credit cards which are being offered in the market. As a result it is quite difficult and confusing for customers to come to terms with which credit card is good for them and which one isn`t. Ideally one should pick a credit card which suits their style of expenses. The rewards and features of a credit card should not only help you save money but should also help you improve your credit history. Here are some simple tips to choose the right credit card.

Lower interest rate

Most credit cards levy a very high interest rate on the credit card debt. Therefore debts are far more expensive on credit cards than bank loans. So if you are one of those customers who spends a lot and has a high revolving debt on the credit card month after month, it is imperative for you to choose a credit card that levies low interest rates. That way you will not lose a lot of money paying interests on the card debt.

Balance transfers

If the current credit card terms are unreasonable or the interest rate has been hiked you can resort to the balance transfer credit card offers, which will provide some wonderful incentives. These incentives include an introductory period where the introductory rate is 0% and hence no interest is charged on the credit card debt.

Frequent flyer credit cards

The kind of rewards you get on the credit card should be helpful for your expenditure patterns. For example, if you travel a lot, you can go for frequent flyer credit cards which offer guaranteed discounts on your airline tickets, hotel stays, restaurant bills etc. Moreover travel reward cards have other benefits too like travel insurance, airline lost baggage reimbursement, etc.

Frequent shopper credit cards

You can also go frequent shopper credit cards, which offer discounts at select merchants if you shop a lot. If you know that you are going to make some massive expenditure, you can go for credit cards which come with milestone expense rewards. For example, prior to New Year there were credit cards which offered a $100 discount for those who spent in excess of $600 in the first 3 months. $100 is a substantial discount and helps in keeping the outstanding balance low.

All in all you should procure reward cards whose benefits and rewards are of use to you and help you lower your outstanding debt.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Posted: February 12, 2018

Days are getting longer, snow is melting and you already feel the lightest breath of warm breeze on your face - spring is here. Summer holidays are looming, and so is Easter with its shopping. You can lift in spirits and let CreditLand ... Continue reading
Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Posted: February 10, 2018

If you're trying to find the perfect rewards credit card, you might feel like you're drowning in options. There are just so many out there, and many of them look similar. This can make it tough to decide on a card. One thing people often ... Continue reading
Price Protection: Credit Cards That Will Refund a Price Drop

Price Protection: Credit Cards That Will Refund a Price Drop

Posted: February 8, 2018

Those who often find themselves buying stuff and then discovering that they could pay less for the same item they've just bought, will appreciate this credit card benefit – price protection. This is the least known and the most neglected ... Continue reading