What Type of Credit Card is the Best Deal For You?

By Leni Parrish on February 13, 2010

There are so many credit cards today that it is easy to be confused on which one to get. In the United States alone, there are thousands to choose from, all of which are advertising that they offer the best credit card deals. Then again, how can you qualify a good deal?

The best credit card deals are those that are tailor-fitted to your personal needs. The best deals for one person may not exactly be the best for you for the simple reason that we have different lifestyles, work, needs, and preferences.

It is easy to be swayed by advertisements, but always look back at what type of card will really work for you. It is sometimes helpful to gather feedbacks from friends and family, but remember that they can only influence you so much. Do not be forced to get what they have just because you know them. In the end, you still have to look at yourself and see if the benefits of that credit card will be useful to you.

Although the best credit card deals are largely out of personal scrutiny, there are general guidelines that could help you figure out which one is best for you. The payment schemes, interest rates, rewards or rebate programs, should all work perfectly together around your lifestyle. Take time to do your research before deciding.

Do not hesitate to clarify with your sales agent about any matter that you find unclear. Some of the more important information to know are the introductory rates, the validity period of these rates, the normal interest rate afterwards, and annual fees if there are any. Other fees you need to take note of are late payment fees, balance transfer fees and account termination fee. Basically, you just want to be sure that you are agreeable to all of their terms and rates.

You can look for other privileges that might be beneficial for you, like having an online access to your account so that it will be easy to track down credit purchases, and also easier to process balance transfers if needed. This will be one of the best deals you can have if you are a busy person with a hectic schedule. With online access, you can practically access your account anywhere you are, be it through your internet connection at home, at work, or through your wifi-enabled mobile phone.

For some, the best credit card deals are those affiliated with consumer companies that they patronize. This way, it is easy to maximize the rewards point system and be able to get rebates frequently.

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