What Makes a Good Credit Card?

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Credit Card Applications » Research » Guides » Building Credit History » What Makes a Good Credit Card?

What Makes a Good Credit Card?


Updated: December 26, 2012

The content is accurate at the time of publication and is subject to change.

When we are offered a credit card, we get too excited that we sometimes forget to do our homework; to run a check. Most of us actually are guilty of this. We just keep paying for the figures that we see on the bill. While it is a good thing that we pay our due, it is also a good thing that you have a clear understanding of what you are paying for. You might not know that you are paying higher than what you are supposed to pay. This of course could be prevented, besides no one among us would like to pay for something which we shouldn't at all.

It is actually easy to determine which one is the right card for you and where you should get them. There are some people with bad credit who wanted to have a credit card. When you gave a poor credit, this would not stop you from owning this very useful plastic. You still can and would be able to enjoy a good one, provided that you make a great deal of researching and comparison.

Having a bad credit card could be very effective but this is a good option seen by people who wish to improve their credit. The company applies more expansive rates on these kinds of cards as a way of protecting themselves from the risk they take from giving you the card.

For people with bad credit, they have the option to either go for the secured credit card or unsecured credit card. While these two cards work for the same purpose, they have a slight difference. For you to get a secured credit card, you needed to deposit a certain amount of cash in the bank to be able to start using it. The good thing about this card is that you are given a higher credit limit.

Now, when you don't have the cash to make a deposit, the unsecured credit card is the card for you. No deposits needed but you are only given a very low credit limit that could only be around $250-$500. This of course is not a very impressive figure but you at least have a way to rebuild a bad credit.

Don't be lured with fancy bank offers for more often than not, there is a catch to it. Before signing up for the application form, make sure that you apply for the card that you really needed and one that you can manage.

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.
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