Barney the Owl Helps You Save Big
There are so many credit cards to choose from, how can you be sure to pick the right credit card? Credit card companies bombard us with what seems like an endless amount of offers. There are multiple steps to take before committing to any credit card.
First, you should compare all credit card companies. Read credit card company reviews on The Compare Site, and compare user ratings. Narrowing down the credit card companies you like will decrease the amount of credit card options you have to review.
Next, look at your spending habits. Check your banking history to find out what you spend money on the most. Many credit card companies provide rewards to customers based on purchases. They will provide higher returns for specified purchases. If you travel a lot for work or pleasure, you probably spend a good amount of your paycheck on flights. If that is the case, you can narrow down your choices even further by only looking at travel rewards credit cards.
By choosing a rewards card that offers points based on purchases you already make, you increase the amount of cash back or rewards you’ll collect during the year. If you never travel, choosing a travel rewards credit card would not be beneficial as it isn’t likely you would earn enough points for a free flight, hotel stay, etc.
If your concern is securing a low interest rate or balance transfer fee, rather than earning rewards dollars or points, look for credit card companies offering a low fixed rate. While 0% Intro APR sounds great, interest rates typically sky rocket once the introductory period ends. If 0% interest is what you need right now, look for cards that offer extended introductory APR rates lasting anywhere from 12 to 18 months.
Once the introductory period ends you will most likely be in need of a balance transfer to help avoid paying high interest rates, unless you have paid down all of your debt. There are plenty of credit cards that offer 0% introductory balance transfer rates and waive the fee.
Always make sure to read the fine print. Often times we’re so distracted by attractive APRs or rewards offers that we forget about annual membership fees, or other important details. The Compare Site compares credit card offers from today’s top credit card companies. We display the fine print in large font, front and center, so that you can easily compare rates and fees without other distractions.
Read our credit card reviews for insider information from people who have actually used the card. Get info on how many points were actually earned, how easy it was to redeem points/rewards dollars, and what the overall experience was like.
Visit our credit card news section to get news about the industry, current rate details, and laws effecting the industry. Protect yourself, and always use credit responsibly.
The Compare Site is here to help you make the right credit card decisions.