Finding the Best Consumer Credit Card

A credit card is a credit card. The logic is to choose a smart one that matches your wallet and will be flashy when you use it, right? No, credit cards come in as many sorts as new cars have characteristics. They can either be highly costly to own or they can save your money. The business of issuing credit cards is highly competitive. Every financial institution wants your business, and they are ready to offer various terms and restrictions in order to gain you as a customer. The best credit card is the one that can save your money, but also be the less costly in the long run. So, no annual fee is a big factor in selecting a card. Also, choose one that has a low annual percentage rate (APR) – not just for six months, but for the long-term. A card that offers 0% for six months and then 19.99% thereafter is not a good one. One that offers 13.9% consecutively is a suitable option. This rate is the price you pay for using the credit card company’s credit. The fine print of all credit cards, the terms and conditions that you have read before saying “yes, I agree and take the card”, clearly specify that there are expectations and responsibilities, such as timely payments. Make the minimum payment on time every month and you get to keep that low APR. Miss or mail one or more late and the company has the right to bump you into a higher APR. The fine print shows that very clearly. By missing or being late makes you a high risk customer and they have the right to be compensated themselves for that risk. somehow, let’s assume that you are a good customer and paying all of your payments on time and that the credit card will not be a causing vice for continual abuse. In such a case, you should be rewarded for your clean credit and timely payments. So, a card that offers travel vouchers, restaurant certificates, movie tickets, or even cash back could be a best suited for you. As you spend money using the card (and then dutifully paying it off each month), you get points toward your bonus category. Some people use their credit cards for most of their monthly expenditures and pay it off each month and in doing so, can earn points and rewards hurriedly in a beautiful manner. The most quick way to get a credit card is to apply online where you can get a reaction immediately. Some financial institutions will give you access to start using the card online right away while the card is processed and mailed to your home the duration of about a week or more than this. The most quick way to get a credit card is to apply online where you can get a reaction immediately. Some financial institutions will give you access to start using the card online right away while the card is processed and mailed to your home the duration of about a week or more than this.