The Credit Card Reviews
Posted at by ifydcat on category CreditDo you get several credit card applications in the mail each week? How do you know which one is right for you? The first step is to study credit card reviews. There is a lot of information available on every company that may interest you. Comparisons are made according to interest rate, cash back, balance transfers, student credit cards and small business needs.
Many individuals base their choice on interest rates. A credit card company may lure you in with six months at 0%, but the next month could reflect a rise of 27%. Balance transfers also have a limited time at low interest rates. Your payment history and credit report determines the final amount you will pay. If you miss a payment or make a late transaction, the credit card company can eliminate the initial percentage rate incentives.
Credit cards that offer cash back are becoming a popular choice to many. Individual companies can decide how these rewards will be earned. Generally, the offers range from 5% to 20% depending on the purchase. Most often, online purchases gain the highest reward while everyday gas purchases may only earn 1%. There are some credit cards that offer cash back compensation for consistent timely payments after a specified number of months.
Young adults heading to college can qualify for credit cards that do not require a cosigner. Points build up as the student pays the bill on time without going over the credit line. This can lay the foundation for a positive credit score needed later in life. If your business requires international travel, be sure the credit cards are accepted globally with no foreign transaction fees. Some students carry prepaid credit cards that family members have loaded for them. As the student utilizes the card without going over the credit line and pays the bill on time, points build up.
Business cards usually have no annual fees and free additional cards for employees. A free itemized end of the year statement can be requested for tracking expenses. As purchases are made, airline miles and discounts provided at major hotels can be earned. They only have a certain amount allocated for spending and cannot go over the limit.
Whatever your need, there is a credit card compatible with your purchase requirements. Review all options and comparisons, insuring the fine print does not include any hidden costs. Your credit report will reflect on-time payments and spending history. Be sure to utilize any credit card responsibly and enjoy the rewards.
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