more articles

How to Compare Credit Cards

Choosing a Credit Card is a tricky subject but with a little thought about your requirements and by comparing offers on various cards, you can get the best credit card for you. Generally credit cards are compared for the following offers/ features:

Interest Rate

The lower it is the better. Some credit cards have 0% interest for an initial period of time. Some may offer 0% APR on features like balance transfers. [See our low interest rate credit card offers.]

Balance Transfer

Most credit card companies offer the ability to transfer an existing balance from another credit card. Consumers can often find lower percentage APR when transferring a balance for a certain period of time.

Instant Approval

At times you may be looking for instant approval for your credit card application. Credit card companies have adopted “Instant Approval” feature on some credit cards. Applying online can save you time and hassle and you can often get a response within minutes. [See our instant approval credit cards.]

Reward Credit Cards

Credit card companies offer rewards for using their cards. It can be in the form of points or rewards. By spending money using your card, you accumulate points toward rewards like airline tickets, hotel discounts. Some Rewards Credit Cards give you cash back at the end of each month depending on the amount of purchases you made. [See our rewards cards offers.]

Cash Back Facility

Many consumers like this feature in a credit card. Some credit card companies offer cash back – usually up to 5% - on purchases you make with your credit card. Some offers are initial incentive offers; others are permanent for the life of the credit card.

Special Business Features

Business credit card offers have specific features for businesses. Business credit card holders can set limits on employee's cards, receive discounts or cash back on business purchases, and more.

Special Offers For Students

Students usually opt for low interest, no annual fee cards. Student credit card offers usually also have rewards such as discounts on movie tickets and entertainment, or cash back incentives for students. [See our student credit card offers.]

Prepaid Debit Cards

When you choose to load your card with money at regular intervals, this is the card for you. While choosing one, you should look out for over-draft (OD) facility and its limits. Most of these cards are free while some may ask for monthly or annual charges.

Credit Cards for Bad Credit

For people with bad credit, credit card companies offer cards specifically for poor credit customers. If you are interested in this type of card, make sure you read the fine print in the terms and conditions of the credit card application so you don't get stuck paying extraordinarily high interest rates. [See our credit card offers for those with bad credit.]

 

Share This Article

| | | | |