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Guide to Choosing the Best Credit Card for You

Guide to Choosing the Best Credit Card for You

If you are in the process of looking for a new credit card, it is important to choose with care. Yes, you could simply open a second credit card if you find one that is better for you at a later date, but this isn’t great for your credit rating, and it’s better to get it right first time around. With that in mind, let’s take a look at some top tips on choosing the best credit card for you.

  • Incentives – One of the best things about getting a credit card today is that they come with so many amazing promotional offers for you to take advantage of. This includes balance transfers that are interest free for a set amount of time, purchase cards, as well as those offering travel points and cash back. You can find out more about these cards at It is important to choose a card that is right for you. Are you planning on making a big purchase with your card? If so, choose one that offers you 0 per cent interest free on purchases for a set amount of time. Nonetheless, make sure you put a plan together so that you pay back the money spent by the time the promotional period is finished.
  • Read reviews – It is important to read reviews that have been left by other credit card customers. This is important because you will want to find out what the credit card company is like to deal with. Are they easy to get in touch with? Are they understanding? Are they willing to help their customers if they need an extra day or two to make a payment?
  • Fees and penalties – Of course, the aim will be to avoid fees and penalties altogether, but you do need to consider them carefully. If you make your monthly payment late, what are you going to get charged? Is there are one-off late payment fee, or are you going to be charged for every day you miss the payment? Do you get charged if you go over your credit limit by accident?
  • Interest rate – The interest rate you are going to be subject to is one of the most important aspects to take into account. This is displayed as APR, which stands for annual percentage rate. It can either be a variable or fixed rate. With a fixed rate card, you know exactly what interest you are going to be subject to, which makes your credit card a lot more manageable.

Consider the advice that has been mentioned above and you will find it a lot easier to find the right credit card for you. There are so many cards available today, and it can be a bit overwhelming. But, there is no need to worry, as with so many options it is also a lot easier to find something that is right for your financial situation.

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