Selecting The Right Credit Card Offers

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 » Selecting The Right Credit Card Offers

Selecting The Right Credit Card Offers


Updated: December 26, 2012

By
Add to Favorites:
Finding the right credit card is of course the most important part of any person's life. When you get a credit card you will be thrilled with the fact that you have extra spending power. Some people when they get their first credit card tend to misuse it and abuse the power they have. They fail to think of the ramifications of not being able to pay back. With so many different credit cards in the market choosing the right one becomes difficult. You can do some calculations to see how much you can save on the deals you make and the shopping you do. Particularly when you look for credit cards with rewards, you need to look at the annual fee that you may have to pay on it and the APR rates. If you feel you can afford the card then go ahead and take it. The bigger problem often is the fact that many people have a very unhealthy debit to credit ratio. They keep charging things to their card believing they have a lot to spend and fail to notice that every purchase is adding to their outstanding balance along with the interest rates on it. Ultimately when it comes to the time to pay up they have too much to pay and very little money at hand. Ideally you should manage your debit and credit at a balance of about fifty percent. Even if you have an extension on your credit limit do not go over the limit or else you will find that credit scores go down and you will find it very difficult to get another credit card. Not many people pay off their outstanding balance every month, most people tend to pay some of it which is required so the interest amount doesn't add up to much. When this happens each month the outstanding balance tends to increase. When you have such a payment plan in mind it is best to consider a low interest card. People are also willing to switch to a low interest card if they are offered some great features such as o balance transfer. When a person can have a 0 balance transfer they are keener to take it up, with such offers they can transfer the money into the new account and then also settle what they owe. In this way they will be able to close whatever they do not need or are not using. When you decide not to use a credit card anymore it is best to close the account completely. If you do not close the account you will still have it open and that really will not do anything for your credit scores. Rather switch to a low interest account and keep paying off your debts. Settling revolving credit will have a better effect on your credit scores and subsequently allow you to have a positive credit report. When using your credit card be sure to know all the terms associated with it so you do not find any unpleasant surprises.

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:

Cashback Match Lets You Double Your Discover Rewards

Cashback Match Lets You Double Your Discover Rewards

By Credit-Land, Posted: May 23, 2017

Discover has always been a leader in the cashback rewards game; with their generous 5% cash back in rotating categories offer, you can earn up to $75 in cashback rewards each quarter. But their latest card takes credit card cash back ... Continue reading
Go Farther With The Discover It Miles Card

Go Farther With The Discover It Miles Card

By Credit-Land, Posted: May 20, 2017

If you've got the travel bug, you'll want to know about the amazing one-of-a-kind offer for new cardholders from the Discover It Miles Card. Right now, Discover will match your reward miles at the end of your first year of card membership ... Continue reading
How the Fed Rate Rise Impacts Credit Cards

How the Fed Rate Rise Impacts Credit Cards

By Credit-Land, Posted: May 17, 2017

Recently, the Federal Reserve hiked its benchmark rate by a quarter percentage point, as a result, you could see a rise of the interest rates on your credit cards by 0.25%. That was the first hike of the key rate in 2017 and the Fed ... Continue reading