How to choose the best credit cards? - Other Questions


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. 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. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Questions » User Questions » Other » How to choose the best credit cards?

How to choose the best credit cards?

Answered on | Updated on January 24th, 2018
The content is accurate at the time of publication and is subject to change.

Credit cards have revolutionised the financial industry. Every individual is not blessed with exemplary wealth. In order to invest in properties or cars and even to meet other liabilities, people do require taking loans. When travelling outside the country, it is not always possible to keep ready cash in hand. There always remains the fear of theft. Credit cards have helped in overcoming the above problems. It has facilitated cashless transaction of money.

Benefits of using credit cards

1. Provides cashless transaction of money.
2. Repayment becomes easy, as adequate time is given before the bill cycle initiates.
3. Easy to carry.
4. No fear of theft as even if stolen they would be of no use.

Riders that come with the credit cards

1. Since immediate repayment is not needed, credit card holders tend to cross their budget when using it.
2. The interest rates levied on the credit card holder, in case of late payment, is very high.

How to choose the best credit cards

Certain steps if followed properly, can help in choosing the best credit card with maximum benefits.

1. When applying for a credit card, the terms and conditions that are associated with it should be properly understood. Yearly charges, interest rate, late payments, grace period, etc are some of the details that need to be pondered upon.
2. There are credit cards that do not charge an annual fee. It would be best to choose from such credit cards.
3. The interest rates charged for different transactions vary from bank to bank. In some cases, online transactions are charged more than normal transactions.
4. Applicants can take the help of customer care officials to understand the bill cycle of the credit card. Cards that offer a longer grace period, should be given priority over the others.
5. Credit companies charge additional interests for late payment. This interest rate varies from company to company. It`s important that the card chosen by you attracts the leas late payment fees.
6. All credit card companies offer discounts and cash back to its customers. This is done to attract more customers. Bargain for better offers, and discounts before choosing the card. In case you require to make a balance transfer then bargain for 0% interest on balance transfer.
7. Make a note of all the offers that are promoted by the company. It would be best to choose a credit card dealer with the least complicated cash back conditions.
8. Finally after choosing a card, ensure to maintain a good credit history.

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.
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
The Citi Rewards+SM Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
Excellent, Good Credit
Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
Excellent, Good Credit
Perfect credit not required for approval; we may approve you when others won’t
Fair/Bad Credit

Other Questions in

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!