What are the main features of best credit cards and... - Other Questions


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 » Questions » User Questions » Other » What are the main features of best credit cards and what differentiate them from the rest?

What are the main features of best credit cards and what differentiate them from the rest?

Answered on | Updated on April 16th, 2011
The content is accurate at the time of publication and is subject to change.

We all enjoy the safety of shopping without carrying cash. Just by carrying a credit card you can reduce the weight of your wallet. Moreover you don’t have to worry about counting and recounting the right amount of cash you hand out to the storeowner. It is as simple as the fact that we can’t do without credit cards. You definitely can do a lot better with credit cards that match your needs and offers good rates.

The best credit card will provide discounts, rewards on various commercial deals ranging from travel, utilities, merchandise, mortgage, automobile insurance and more.

A free for lifetime credit card that charges no annual fees for the entire period you have it, nor does it charge a monthly fee.

The company discloses the annual percentage rate or APR on the card. The credit card terms also disclose the periodic rate of interest. If you have signed up for variable rate credit card, your card issuer discloses how the variable rate of interest is calculated and the additional amount added to determine the rate of interest. They have disclosed that a variable rate of interest is charged on the card.

There is a grace period to pay your bills on time without paying any interest. If the free period is disclosed at the time of issuing the card, you can save yourself from paying extra interest on late payments.

It charges zero or low introductory interest rates and zero percent on APR on balance transfer for first year.

The best credit card charges low interest so that you pay your entire bill on time instead of carrying over balances to the next month and paying more late fees. A card that charges low interest will be more economical, as you would also be able to transfer balance, from other credit cards that charge a higher interest.

If you have a good credit score with your credit card account, it is likely that the card issuers value your membership more than others who are irregular in making their payments. Inquire of your bank to renegotiate the rate of interest as you have a good credit history that makes you eligible for a better rate of interest. There is no harm in asking for it.

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!