Tips to choose your best credit card

Ahmad Munir

Hai dear,

With a variety of credit cards offered in the market, it is important that you choose a credit card that meets your needs. Compare rates, fees and charges as well as the features offered by each credit card issuer before deciding.

Here are some tips in choosing a credit card or evaluate credit card is with you:

Promotional gifts

Credit card issuers may offer you promotional gifts such as mobile phones, leather wallets and others to promote their credit card. However, before applying for, it is important that you understand the terms and conditions contained in the offer. Telitilah conditions set for promotional gifts and penalties will be charged if these requirements are not complied with.

Low charge rate while

To attract your attention, credit card issuers may charge fees and finance charges at a rate lower or abolish the charges at all for a certain period of time. Promotional leaflet might pay attention to the initial low interest rates with a large font size and readable, sometimes without displaying the expiry date.

The interest rate after the end of the promotion period is not stated so clearly, that is by using a small font size and may just be listed on the back of the application form or on pages on a promotional brochure containing many pages.

You need to understand the conditions of promotion and realizes when the promotion period will expire because you may be charged as usual or at a much higher rate after the period ended.

Finance charges and fees

Different card issuer will charge different fees for the convenience of cash advance, usually between 3% to 5% of the total issued and finance charges (maximum 18% of the total issued).

Always select the credit card charge lower fees and make sure you understand the terms and conditions imposed for balance transfer scheme offered before using it.

Thank to read..