How to choose a right credit card?

Reading credit cards reviews - how to compare information

Before examining offers and reading credit card reviews carefully look at your needs. Think about credit card possible usage, it will help you figure out which credit cards to consider and what features in individual offers to look at.

For example: Those who travel a lot choose internationally accepted cards, with miles or hotel rewards. Those who pay off in full on time pay less attention to APR than those who carry balance. In the latter case you should review credit cards rates, they will give you a better understanding of what you will be paying. If you pay off balance monthly, comparing annual fees is more important for you. Consumers looking for a card to use in emergency situations might need high spending limit, low fees and broad acceptance.

The next step is to evaluate features and costs of particular cards - APRs and finance charges, fees, penalties, rewards, acceptance and security. While choosing what credit card has the lowest rate, you have to find out if the interest is fixed, variable or tiered. Are different rates applied for certain types of spending and balance? Which one is more essential for you? Some cards may offer lower introductory APR to motivate you to transfer balance from another account. This might be a good way to save, but find out if the rate increases after a certain period. If a quick response to your application is relevant, pay attention to instant decision cards.

Read all terms and conditions to make valid decisions! Use our credit card guide to find the right card for you!

Visa or MasterCard - What credit card to choose

When it comes to choosing between Visa and MasterCard offers you have to look at particular credit cards features rather than comparing the two. Both are widely accepted in over one hundred and fifty countries and vast majority of locations take both. Visa and MasterCard both offer competitive services and the differences are indistinguishable. But what does make cards different is the issuing bank. It is the banks that sets the rates, fees and other features.

Customers with good or excellent rating can also choose from Amex or Discover cards offers. Discover is widely accepted in the United States and can be also used to obtain cash from ATM locations outside US. American Express is accepted internationally at the major locations.

Secured Credit Card Information

How to get credit card if you do not qualify for an unsecured one? Consider applying for a secured credit card to help build credit. Unlike debit cards, your secured card activities are recorded and contribute to your history. Secured cards are tied to accounts. Cardholders make deposits into their accounts and then can charge up to the amount deposited. In case you fail to make a payment, the bank can use money from that account to get repaid. If you make on time payments, in 6-12 months you might be a good way to improve credit score and might be able to qualify for a regular credit card.