Clicky

LATEST
The Best Car Research Websites US Cities With the Fastest Rising Property Values Online Scams to Watch Out for in 2015 The Most Expensive Divorces in History What are the Poorest Cities in America? The Best Home Mortgage Loan Websites The Best Crowd Funding Websites The Best Mobile Apps For Your Personal Finances Does Shopping at Costco Really Save You Money? Practical Tips to Save Money on Gas Can Coinstar Turn Your Loose Change Into Big Cash? How To Resolve Paypal Disputes Are You Losing To Hidden Cell Phone Fees? Tax Deductions You May Not Know About How Much Money Will You Need In Retirment? How Much Life Insurance Is Enough? Are You A Victim Of Hidden Bank Fees? The Right Way To Ask For A Raise Which DIY Tax Program Is Right For You? Banks Giving New Accounts Great Deals In 2015 How To Deal With Debt Collectors High Paying Jobs With Labor Shortages In 2015 3 Tips to Save Money on Your Next Car Loan 5 Tips to Save Money on Health Insurance Should You Consolidate Credit Card Debt? Do You Have Unclaimed Property? Tips On Applying For A Small Business Loan What Is A Vantage Score And Why Is It Important? What Is A FICO Score And Why Is It Important? Tips On Creating An Emergency Fund Are Opening Store Credit Cards A Good Financial Decision? Tips To Help You Repair Your Bad Credit Is A Debt Consolidation Loan Right For You? Tips To Manage Student Loan Debt Tips On Finding The Best Deals On Cyber Monday Tips On Finding The Best Deals On Black Friday How To Save Money On Holiday Travel What Is Payoneer? What Is Apple Pay? What Is Escrow.com? What Is Neteller? What Is Skrill? What Is Amazon Payments? What Is Google Wallet? What Is Square? What Is An IRA And Should I Invest In Them? What Is A Mutual Fund And Should I Invest In Them? What Is A 401k And Should I Invest In Them? What Are Stock Options And Should I Invest In Them? Are You Properly Planning For Your Retirement? What’s The Difference Between PayPal vs. Amazon Payments? What’s The Difference Between PayPal vs. Western Union? What’s The Difference between PayPal vs. Google Wallet? What’s The Difference Between PayPal vs. Square? What’s The Difference Between A Wire Transfer vs. Western Union? What’s The Difference Between A Wire Transfer vs. PayPal? What’s The Difference Between A Wire Transfer vs. Bank Transfer? What Are The Best Places To Find Coupons Online? Can Owning A Hybrid/Electric Car Save You Money? Are Municipal Bonds The Right Investment For You? What Are The 5 Best US States To Start A Small Business? What Are The 5 Best US States Currently For Job Openings? Should You Consider Opening A Swiss Bank Account? How To Choose The Right Life Insurance Policy For You Are Homes In Foreclosure Good Investments? What Should You Look For When Choosing A Stock Brokerage Firm? What Should You Look For In A Retirement IRA? When Is Filing For Bankruptcy The Right Choice? Credit Cards With The Best Perks And Rewards Programs What Should You Look for When Choosing the Right Bank? Should You Consider Investing in the Forex Market? Do You Need a Financial Adviser? What Is A Reverse Mortgage, And Should You Consider It? Simple Tips To Manage Your Credit Card Debt Should You Buy Or Lease Your Next Car? Are Short-Term Payday Loans Right For You? 5 Ways You Can Improve Your Credit Score Are Penny Stocks A Good Investment? What Are The Benefits Of Investing In Precious Metals? What Is A Dogecoin And Are They A Good Investment? What Should You Look For In A Credit Card? Are You Ready To Buy A Home? Tips To Avoid Identity Theft The Phishing Scam The Rental Listing Scam Are Wire Transfers Safe? What is a Wire Transfer? Are Bitcoins Safe to Use? What are Bitcoins? Is Paypal Safe? What is Paypal? The Lottery Scam The Nigerian Scam (419) Is Sending Money with Western Union Safe? Incredibly Easy Ways of Sending Money with Western Union Everything You Need to Know about Western Union Western Union VS MoneyGram: Which Should You Use When Sending a Money Transfer? A Closer Look at MoneyGram Where Can I Send a MoneyGram? The Dangers of Sending Money Online: 7 Very Popular Internet Scams

Moneygram

What Should You Look For In A Credit Card?

Set of color credit cards
May 19th, 2014

What should you look for in a credit card? After all, they’re all pretty much the same, right? You just swipe it to make your purchase, pay it later, and you’re all set.

…not quite.

There are dozens of different things that make one credit card stand out from another. Some are very minor, such as color. Others are much more important such as interest rate, cash back rewards, and the company issuing the card.

After reviewing various aspects of the card, here are the main things we recommend that you look for.

1)      A Good Interest Rate

Even though it’s great to pay off your whole balance every month, not everyone is able to do that. Life gets hard, and sometimes your present income just isn’t enough to pay off the entire card every month. In those cases, you want your interest rate to be as low as possible.

When you first sign up for your card, you probably won’t find one with less than 12-15% APR. Most cards are closer to the 18-27% APR though, so definitely pay attention to this and avoid cards with an interest rate that is too high.

2)      A Respected Vendor

Luckily, there really aren’t that many credit card companies out there. You have four main ones- Capital One, MasterCard, VISA and American Express. We recommend that your card come from one of these four companies.

The main reason is that these four companies are accepted almost everywhere in the United States. Unlike smaller vendors, you can walk into almost any store and expect them to take one of these types of cards.

If you really want to make sure you always have access to your card, ditch American Express. It’s taken many places, but there are many stores and retailers who have chosen not to accept it due to its higher fees.

3)      Rewards

To be honest- most credit card rewards are a complete joke. Okay, so you earn back 1% cash back on purchases in certain stores. If you put $5,000 on that card each year, you earn back a WHOPPING $50. That’s nothing compared to what it cost you to get to that point.

That said, some credit cards will- especially when you first sign up- give you bigger rewards for certain things. For example, you might get 3-5% cash back for purchases at gas stations or grocery stores. In this case, you still aren’t making a lot back, but at 5 times as much as the 1% jokers, it’s not bad.

4)      Reputation for Customer Service

This may sound silly, but you may want to consider the card company’s reputation for customer service  before you sign up. Chances are you’ll have to spend time on the phone with them at one point or another- don’t you want a company that will actually help you out?

5)      Automatic Fraud Detection and Prevention

This is a biggie. Make sure the credit card you sign up for has something in place to prevent identity fraud. Usually this is something that flags the company when major purchases are made, or multiple purchases from an area outside of your state.

There are other things you should look for in a credit card, but these 5 are a really good start. Good luck.


This author has no description available.

Browse Our Website

Latest From The Money Blog

The Best Car Research Websites

The Best Car Research Websites

Instead of going to a dealership for a new car or checking various used car sellers, you can now fin[...]
US Cities With the Fastest Rising Property Values

US Cities With the Fastest Rising Property Values

Smart investors know that buying property in a thriving city is a good idea. But the prices of house[...]
Online Scams to Watch Out for in 2015

Online Scams to Watch Out for in 2015

“There’s a sucker born every minute” was Barnum’s perspective on life and business and he was right.[...]
The Most Expensive Divorces in History

The Most Expensive Divorces in History

A divorce is a relatively simple legal procedure but if it is between a couple with a net worth mill[...]
What are the Poorest Cities in America?

What are the Poorest Cities in America?

Many cities in the U.S. have never really recovered from the debt carnage that was unleashed on them[...]


https://suretrader.com

All Money Sending Tips Articles