Friday, July 19, 2019

3 Easy Ways To Find The Best Credit Card For You

  Tim       Friday, July 19, 2019
Finding the most appropriate credit card for yourself is an art as well as science.

One specific credit card cannot solve all purposes for every person on Earth. You need to be sure of which credit card suits you the best, by understanding the options available to you and asking the right queries, you can know which card best suits you and complements your spending habits as well as your current credit situation.

Choose Best Credit Cards
How to Choose Best Credit Cards

You can just do the research work to get the best credit card suiting your needs by following the 4 handy steps:

1. Know which credit cards you are eligible for:


Evaluate your credit score to judge which credit card you qualify. A good credit score will fetch you benefits to get the best possible deals when it comes to a credit card. Among ways to check your score: -Online websites
-Many credit card issuers give cardholders free Credit Score

-The three major credit bureaus (CIBIL, ICRA, and TransUnion) sell credit scores. You need to go through your credit history well, to know what is the cause of your numbers not being to the point. To begin with, you need to start by finding out steps to improve it, from bringing a change in your expenditure to removing an error on your reports, in case that happens. Credit bureaus allow you to get one free copy of your credit report from each of the three major organizations mentioned above once in a year. You can get the annual report online at your ease.


2. Know Which credit card suits your need:


To know which credit card fits your needs the best. You should be aware of the three most common types of credit cards:

-Cards that improve your credit in case it is limited or damaged.
 
-Cards that help you save money on interest.
 
-Cards that fetch you rewards.

Every individual has different needs and expectations when it comes to choosing their perfect credit card. The best card for you is that fulfills your requirements. If you are not in the habit of shopping much, for example, then the best shopping card in the world is not going to be as beneficial for you as it would be for someone who is a frequent shopper.

IN CASE YOU ARE WILLING TO BUILD OR REBUILD CREDIT


For college students who are new to the experience of the credit card can go for it are unsecured credit cards, satisfactory for first-time credit card holders. Whereas secured credit cards are the ones that normally require a significant amount of security deposit. In case the account is closed on good terms or is upgraded you would get the security back.

Low-interest, 0% APR or Balance Transfer Card


A credit card with an actual Low-interest can be beneficial for you, in case you are planning to keep your card to save you in emergencies, or if you have an irregular income and your balance varies a lot. There is a balance transfer to your rescue, which helps to settle the high-interest debt and make them interest-free. Make sure that you can avail such offers only when you maintain a good credit score.

Rewards, travel or cashback

In case you have a recurring income and pay all your bills and installments on time, it makes you a reward worthy customer for the bank. Though these cards have a high maintenance, still it offers you good cashback, bonus and other such delights making them worth every penny you spend using it for your purchases.

Finally, selecting the best credit card is a big decision, but don't stop there. You must use your card the right way to get the best out of it. Also, if you are trying to establish your credit score or even trying to repair it, then always keep in mind to pay your bills in full and avoid using too much of your available credit.

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