2. Carrying a balance - If you sometimes carry
over a balance from month to month, you may be more interested in
a card that carries a low interest rate (stated as an annual
percentage rate, or APR). You can find a low interest credit card
that will fit your needs by simple browsing the various types of
card offers listed in this site.
How will use your credit card?
Determining how you will use your credit card is an important
question you should ask yourself when determining what type
of credit card you want to apply for.
Are you going to use your credit card for cash advances?
If you expect to obtain cash advances with your credit card,
you’ll want to apply for a card that carries a lower APR and lower
fees on cash advances. Some cards charge a higher APR for cash
advances than for purchases.
Are you looking for a credit card offer with incentives and
other features?
Many credit card companies offer incentives and other special
features when you use your card. Some typical types of
incentives and features include
air miles for future ticket
purchases,
gas rebates,
cash back, and
discounts on groceries
and dining.
Some reward cards have annual fees. Before you sign up to pay for
any of these types of incentive driven credit cards, think
carefully about whether it will be useful for you. Don’t pay for
something you don’t want or don’t need.
Credit Card Basics:
-
Pros and Cons of Credit Cards
-
How Credit Card
Issuers Make $$
-
Shopping
for a Good Interest Rate
-
Credit
Card Cash Advances
-
Problems
with ATM/Debit Cards
- Advantages with
ATM/Debit Cards
-
Credit Card
Record Keeping
-
Tracking Billing Errors
- What
is a Billing Error?
- Fixing
Billing Errors
-
What
is a Stop Payment?
-
How to Prevent
Identity Theft
- Pre-approval Credit Card Offers
- Safeguarding Receipts
