Know Your Credit Card’s Incentives and Other Features

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many 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 » Travel with Credit Cards » Know Your Credit Card’s Incentives and Other Features

Know Your Credit Card’s Incentives and Other Features


Updated: December 26, 2012

By
Add to Favorites:
If you're a first time applicant, you should have a list of what you want in your credit card. You can research through the internet on credit card companies that are trusted by most people. You can find list of credit card plans, rates and terms through finance magazines. Be sure to get the latest information from the credit card company by telephone inquiries or checking the company's website. As a first time credit card user you need to know information about the credit card you want to avail. • What is the annual percentage rate (APR) for purchases? Annual percentage rate (APR) is the interest rate statement you will pay if you carry over a balance, get a cash advance, or transfer a balance from another card. • What are the other APRs? These are some APRs that you'll find in your credit card: cash-advances, balance transfer, tiered, introductory and late, penalty rate (when payment arrives more than ten days late for twice within a six-month period, penalty rate will apply). • What rates vary? APR for your purchase transactions varies. • How long is the grace period for the repayment of balance purchases? Grace period is the number of days you have to pay your bill for purchases in full without incurring overdue charges. • What are your other annual fees? • What is the method of computing the balance purchases? • What are your fixed charges? Fixed charge is the minimum charge during the billing cycle and is only applied when you carry over a balance. • How much is the transaction fees for cash advances? • How much is your balance-transfer fee? • How much is your late-payment fee, over the credit limit fee, credit limit increase fee, set-up fee, and other service fees? • What are the other interest rates? Once you've chosen your preferred credit card company, check on the rewards or features they offer. Here are some examples. • Credit card rebates. These are money back grants on purchases that you make. • Credit card registration. This is one of the most important information you need to know. When your credit card is lost or stolen, the credit card company will know what card they will need to block or stop its transaction. • Frequent flier miles or points. These are the most popular rewards that credit card companies offer. Very useful for frequent travelers. • Other travel related rewards. Credit card companies also offer travel accident insurance and automobile rental insurance. • Car rental insurance premium rebates • Warranty coverage for gadget bought using the credit card • Purchase protection from identity theft • Discount on goods and services • Cash advance features • Higher credit card limit • There are also several credit cards which offer insurance to cover the first charges if you lost your credit card or were stolen. You are not responsible for any charges that are over $50, once your card was stolen or lost. That is under the federal law.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Other Travel with Credit Cards Research:

Related Research:

SoFi Making Lending Social

SoFi Making Lending Social

By Dar Dowling, Posted: April 26, 2017

Since 2011 SoFi, a San Francisco based online lending company, took the lending industry by storm, when they became the first online lender giving people access to affordable student loan refinancing. Continue reading
Affirm: A ‘Friendly’ Credit Alternative

Affirm: A ‘Friendly’ Credit Alternative

By Angela Rose, Posted: April 5, 2017

In 1789, Benjamin Franklin wrote, "In this world nothing can be said to be certain, except death and taxes." His statement holds true even today - especially when it comes to personal finance tools such as credit cards. Continue reading
5 Reasons to Get the Capital One Venture Miles Rewards Card

5 Reasons to Get the Capital One Venture Miles Rewards Card

By Herbert Moore, Posted: January 18, 2017

If you’re looking for a great travel rewards credit card—one that offers unlimited earning opportunities, flexible redemption, and lots of perks—look no further. This card from Capital One has you covered. Continue reading