The Plastic Card That Fits You

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 » The Plastic Card That Fits You

The Plastic Card That Fits You

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

Your needs are not the same with other consumer's needs. Because each person has different needs and preferences, credit card providers have designed their cards in such a way that they would be able to provide the individual requirements of their customers.

A person can receive three to five offers from several banks of card issuers and without doing his homework, he would likely fall for the wrong credit card.

Before you go ahead and check which bank or company you'll apply a card with, you need to determine which cards fits your needs the best by considering the following factors:

  • your credit rating
  • your needs, lifestyle and interests
  • your age
  • the number of existing active cards that you have
  • source of income
  • payment terms

Banks have different features, perks and programs that is why it is very important that you research for as many cards as you can and compare these said factors. The interest rate is the major aspect that determines whether you want/need the card or not. Some banks offer high interest rates but with very promising rewards while there are some providers which offer the lowest rates in the market but be warned with the hidden charges. Of course this is not always the case but a very common scenario.

Banks design a rewards system so consumers can get attracted using their cards more often. When choosing for the rewards program that you wanted to enroll with, make sure that it fits your interest. If you love gadgets then choose the programs that let's you earn points in exchange for gadgets. If you travel a lot then the frequent flier feature is best for you.

When it comes to rewards cards though, you shouldn`t be surprised to know that the rates are higher than the normal rates. Also, do the math. If you think that the rates you are paying overweigh the interest then it is not a good card. The right card is one that will give you a lot of benefit at a low cost.

There are online interest card rate calculators that you can use to see whether the rates are reasonable for the rewards.

Don't get too excited when banks send you their brochures. Research first and when you feel that it is the card that you really wanted and needed then it is the only time you go 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.
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!