Choosing a credit card that suits your needs takes a bit of analysis of the various offerings that each card has in terms of interest rates, credit limit, billing cycle, reward points and so on. There are so many available in the market and you need to choose the one that is best.
What is good for your colleague may not be good enough for you, for your needs may differ entirely from others and hence it should be tailor made to suit your requirements. Look at following points before you choose a card.
If the credit card is a good product in the market, they will offer you earn while you spend reward scheme. Every time you spend using the card, you get to earn points that can be redeemed for gifts or holidays etc once you have earned the required points.
It can be fun to be earning points every time you go shopping and use your card. The gifts are very nice attractive items on the list or sometimes you can even exchange them for free mileage.
While choosing a credit card, the interest rates are one of the key determinants. Many cards will tell you that they charge zero percent interest, but do not get fooled by this. No one does business without charging you interest rates. If you get into details, you will find their rates being higher than most. Negotiate with the company for a good interest rate to see who comes with the best offer.
Joining fee is another factor. If you are paying high interest normally the joining or annual fee will be negligible or waived off in most cases. However if you get a lesser interest then the fee might have to be paid by you every year.
From the credit card companies available in the market, Visa and Master card are globally accepted and you can use them wherever you go. These being prime products you may not be able to negotiate much as much as you can with the smaller companies who will be able to offer you much more.
Keep in mind all these points, negotiate with two three companies and choose your card wisely. Once you have taken, make sure you make payments regularly and enjoy the benefits.
What is good for your colleague may not be good enough for you, for your needs may differ entirely from others and hence it should be tailor made to suit your requirements. Look at following points before you choose a card.
If the credit card is a good product in the market, they will offer you earn while you spend reward scheme. Every time you spend using the card, you get to earn points that can be redeemed for gifts or holidays etc once you have earned the required points.
It can be fun to be earning points every time you go shopping and use your card. The gifts are very nice attractive items on the list or sometimes you can even exchange them for free mileage.
While choosing a credit card, the interest rates are one of the key determinants. Many cards will tell you that they charge zero percent interest, but do not get fooled by this. No one does business without charging you interest rates. If you get into details, you will find their rates being higher than most. Negotiate with the company for a good interest rate to see who comes with the best offer.
Joining fee is another factor. If you are paying high interest normally the joining or annual fee will be negligible or waived off in most cases. However if you get a lesser interest then the fee might have to be paid by you every year.
From the credit card companies available in the market, Visa and Master card are globally accepted and you can use them wherever you go. These being prime products you may not be able to negotiate much as much as you can with the smaller companies who will be able to offer you much more.
Keep in mind all these points, negotiate with two three companies and choose your card wisely. Once you have taken, make sure you make payments regularly and enjoy the benefits.
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