Nowadays, there are more and more companies offering a lot of helpful credit cards. But each type of credit card is suitable for the needs of each people. Therefore, in order to know about credit card which you should use, you need to compare credit cards.
In the previous post, Info Credit Free introduces people to some of the necessary information that is useful for getting the best student credit cards in the US, to get more information people can read the article Somethings about student credit cards people should note. Now, let find knowledge about how to compare credit cards in the post today.
COMPARE CREDIT CARDS
Just like a lot of article posts such as credit cards for bad credit, first premier credit card, balance transfer credit cards, best cash back credit cards…, this post about compare credit cards also includes some main parts. They are:
1. Compare credit cards from the interest rate
The annual percentage (APR) is the interest rate that you will pay annually (the monthly rate multiplied by 12). However, it does not always appear because there is a referral rate, the rate varies according to the balance you hold on the card and different rates are applied to different ways you use the card.
Before choosing a new card, it may be useful to compare prices. For example, a refund reward reduces your overall costs, allowing you to get money back when using your card. Other money-saving benefits, such as additional travel insurance and discounted markets, are also useful when comparing cards.
And let’s not forget the annual fee. After all, no one is happy to pay an additional $ 50, $ 75 or more annually. Therefore, please read the terms of your cardholder agreement carefully, revealing all fees, including late payment fees, foreign transactions, exceeding the limit, balance transfers and more.
2. Compare credit cards from the points and rewards
Credit card rewards are linked to loyalty programs, allowing you to earn bonus points for every $ 1 spent on the card. These points are then credited to your reward account. You can redeem your points to receive rewards including flights, cargo accommodation, travel packages, gift cards, refunds and products from reward stores.
Rewards you can receive by credit card depending on the card you choose and the rewards program. Some of the most popular rewards include:
- Flight and flight upgrade
- Frequent flight points
- Gift card
- Fuel documents
- Discount shopping immediately
- Fashion items
- Electronic device
- Tickets for amusement parks or movies
Many credit cards offer points and rewards for their use. They can sometimes come with a fee, but may also exist with a free credit card. When you are sure that you are getting the best deal on all the basic principles (interest rates, grace periods, fees), see what you can get about the points and rewards.
3. Compare credit cards from the minimums and penalties
The credit card terms require customers to pay at least the minimum payment before the due date each month. This payment is the lowest amount they/customers can pay on their a credit card to avoid penalties. Minimum payments are usually calculated as the percentage of their outstanding balance plus any charges added to their balance. That means the higher their credit card balance, the higher their minimum payment will be.
If you think you may not be able to pay your credit card monthly – that’s probably the reason to revisit the receipt once completely – find a credit card with the lowest and low or no non-payment fee.
4. Compare credit cards from the billing cycle or grace period
The billing cycle for a credit card or any kind of monthly account is the time between bills. For example, the payment cycle may start on the first day of the month and end on the 30th of the month. Or, it can go from the 15th of the month to the 15th of the next day.
Credit card payment cycles vary in length, usually ranging from 27 to 31 days, depending on the credit card and issuer. Longer grace periods are always better (all other things remain the same) because that means you’re basically getting free loans for a certain period of time.
5. Compare credit cards from the special offers and expiry dates
Many credit card companies will issue referral rates for your APR, cash advance and balance transfer fees. Be sure to consider when these offers expire, because the company will advertise that APR is a certain percentage, but will have an asterisk or similar sign next to it, recommend reading the printout. pretty.
At the same time, some credit cards will be free for the first year, so make sure you know the credit card’s permanent details and won’t last long.
6. Compare credit cards from the fees
Many credit cards will have annual fees and they are not always bad if you pay to get something that benefits you. For example, some credit cards that offer a lot of travel miles will charge a higher annual fee, but this can really lead to savings for you if you travel a lot.
Compare the fees between the cards and see what you get for that fee. Also, if there is no charge, investigate whether this will result in a higher APR. Getting an advance payment on your credit card or transferring your balance to another card may also involve fees.
7. Compare credit cards from the specialization
Some cards are designed for students, tourists, shoppers, business people, etc., so you should find a card that fits your needs. This is like the integration of the remaining elements, such as credit cards for students, which may have little or no fees and lower spending limits, but can be offset by having a higher APR.
Similarly, a rich consumer-oriented card may have a lower APR, a higher limit and a higher annual fee. Tourist-oriented cards will provide more points that can be exchanged for flights and are usually the number of reward points only when registering, but can then charge higher annual fees and higher APR.
This post is about “compare credit cards”. We provide this information to offer you some necessary steps that are useful for comparison and choose the best credit cards. Also if you are using credit cards and would like to know how to borrow money, please refer to the Best loan companies for poor credit link we just provided in the previous article.
In addition, Infocreditfree.com provides a variety of information on insurance or the Swift Code of each bank in the US in many previous articles. If you are living in the US and want to know about insurance or code, people should read some articles like such as health insurance companies, Swift Code JPMorgan Chase & Co, car insurance quotes online…
Hillary (Team Content) – Info Credit Free