Best Credit Card
Its very important you spend just a little time looking for the best credit card for your needs. Getting the best credit card deals can save you alot of heartache.
Ask anyone about their biggest credit card mistakes and you’ll hear 2 common replies – that the users were not financially disciplined and/or they chose the wrong card. Well, financial discipline completely depends on you, and we can only advise you to pay in time, stay within your credit line, and pay your outstanding in full. But when it comes to choosing the right credit card, we sure can make your life easy. Here goes:
1. Credit report analysis
Start with analyzing your credit report and checking your credit score. Red flags in the report or a low credit score will help you figure out the credit cards you don’t qualify for. If your score’s low, the rate of interest is high – so, figure out if you can live with this high interest.
2. Why do you want a credit card?
Now, analyze why you want a credit card. If you’re struggling with existing credit card debt and want relief, choose a balance transfer card with a 0% APR for 18 months. If you’re a frequent flyer, choose a credit card that allows you to accumulate flyer miles and redeem these for travel expenses. If you do not pay in full and like to revolve balances, choose from low interest credit cards. If you pay in full, on time, stay within your credit limit, and use your card very frequently, choose a no-annual-fee rewards card that can get you discounts on your preferred items – for example, some people may like a cash back, some card holders may get their thrills when they can redeem rewards for gifts, some folks are happy getting discount on groceries and utility bills, and so on. The idea’s to maximize the card benefits.
3. Compare cards
You now know what card you can get, how you plan to use it, and how it will benefit you. The next step is to compare from your chosen and best credit cards. Use an online tool to sift through 100s of cards in minutes and narrow down to a few. There are a few tools provided on our site to speed this process up. The comparison tools are avaliable on every page and do a great job of weeding out the best credit cards and the best credit card offers. They also offer settings to sort the best credit card rate, the best credit card reward programs, the best credit card cash back programs and the best credit cards for students.
4. Check the level of protection
Every credit card offers some kind of protection – for example, auto rental and limited fraud liability. These are usual and you must not get carried away. Instead, look inside the fine print and check for purchase and return protection policies and the extended warranties. These matter a lot and you must choose a card that benefits you the most. If you a student I would suggest you look for a income protection or payment insurance type of card just so you covered if you cant make your payment after a wild weekend!
5. Check you credit rating
Theres no point applying for a card you cant get. Check your credit here for free!
6. Visit the card issuer’s site
Now visit the card issuer’s website for promotional offers or information. You may even land up on a better than thebest credit cards deal you ever imagined! If you use any of our comparison tools on this site we have made it super easy and you will be automatically sent to the credit card issuers website after you choose the best card for you situation. This wil make sure you take advantage of any promotional offers we may not have been notified about.
The final step’s to submit your documents and obtain your best credit card. This is how you must go about obtaining a credit card. If you hurry the process, you’ll get screwed, if you do it right, you’ll enjoy the ride.