Things to keep in mind while choosing credit cards


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 » Research » Guides » Cardholder Benefits » Things to keep in mind while choosing credit cards

Things to keep in mind while choosing credit cards

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

It can be pretty difficult to make a decision about which credit card to choose given the fact that one can be spoilt for choice in today`s consumer oriented market. The banks are vying against each other to get as many customers on to their dossier as possible. And in trying to do so, they give out a lot of freebies and rewards with a hope to tempt people into getting a second or third card.

There are a number of ground rules that one must have before going around to shop for credit cards. The most important thing to keep in mind is that the bank must be a reliable and respected one. There are a lot of local banks which will really not be helpful if you need to talk to a customer representative or visit a branch in your city. It is very important to be able to speak with a live representative at times and if you are not able to access such a service 24/7 it might be worth your while to look elsewhere.

Apart from this, while shopping for a credit card do not be swayed by all the rewards that are being offered by the bank. Look for a better interest rate rather than a free vacation trip with your credit card. A better interest rate will mean that you can purchase items now and pay back beyond the interest free period at a very low interest rate. If the interest rate is high, you will not have the freedom of extending your credit beyond the interest free period. Also look for long interest free periods on introductory offers from credit card companies. Such offers are really good because they will give you a lot of time to make repayments without having to worry about interest being accrued on the expenditure.

These are the basic things that one must keep in mind while shopping for credit cards. But there are a few other things that you can enquire about while talking to the representative. For example, ask about security features on the card. Apart from embedded security features also ask about fail safe procedures followed by the bank in case of theft or unwarranted transactions with your card. Only when you are fully sure that you understand everything about the card and what you can be liable for, it is only then that you should go ahead and sign on the dotted line.

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:

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

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

Posted: February 12, 2018

The sun shines more and more each day, flowers are in bloom and you already feel how hot it is getting - summer is here. Summer holidays are almost here, and you are in need of dire preparation. You can lift in spirits and let CreditLand ... Continue reading
Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Posted: February 10, 2018

If you're trying to find the perfect rewards credit card, you might feel like you're drowning in options. There are just so many out there, and many of them look similar. This can make it tough to decide on a card. One thing people often ... Continue reading
Price Protection: Credit Cards That Will Refund a Price Drop

Price Protection: Credit Cards That Will Refund a Price Drop

Posted: February 8, 2018

Those who often find themselves buying stuff and then discovering that they could pay less for the same item they've just bought, will appreciate this credit card benefit – price protection. This is the least known and the most neglected ... 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!