Parameters To Choose The Appropriate Credit Card

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
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 » Research » Guides » Cardholder Benefits » Parameters To Choose The Appropriate Credit Card

Parameters To Choose The Appropriate Credit Card

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

Choosing a credit card could often be a very tedious task. It could be confusing with so many options and different features. Comparisons with each other could also put customers in a dilemma. There are a few reasons why one needs a credit card. Firstly, one gets rewarded for purchases, which doesn't happen in case of cash transactions. Secondly, one can go for online shopping and find lot of deals which are hard to get in real stores. Lastly, credit card purchases always have a record which you can refer and save for your accounting.

Choosing the right card once again depends on your priorities. Credit cards are given out by companies based on the salary bracket. Given the options, one must always give the foremost priority to the brand name and the company issuing the credit card. The bigger the brand name and the longer it has been in industry, lesser is the chance of fraud or hidden charges. Once you evaluate that, the best credit cards are those whose regular rates are the lowest. If you are someone who has lot of outstanding dues, then choosing a credit card that offers zero interest rate for the starting period of 18 months or an year is a better option. However, such a card comes with its fair share of disadvantages.

Once you are sure of the regular interest rate, rewards of the credit card are what most people look for. These rewards come in various categories. People who love travelling can choose credit cards which give free air miles for every purchase. Similarly, some credit cards have collaborations with major brands, malls and stores which let you take a discount for all your major purchases. Some credit cards have a cash back offer which means part of your money spent is returned to you. However, most of the cards have a cap on such cash back deals.

Another important advantage of choosing the right credit card is building of a credit history. Therefore if the interest rate of a credit card is high or the discount is less jeopardizing your monthly payments, it might spoil your credit history that will stay forever. Hence choosing a good credit card is extremely important. Apart from convenience of online shopping, it should have sufficient deals to let you make some saving. This will justify the risk of missing payments and paying high interests.

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

Related Research:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
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!