Finding The Right Credit Card For Your Needs

By Author: Alisdair Cosgrove
Total Articles: 184
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To help you find the perfect credit card you should think about how you intend to use and repay the card, as you can then better decide which can is right for you.

The choice of credit cards on offer these days includes cards that offer cash back on purchases, cards that offer interest free credit on purchases, cards that offer low or no interest on balance transfers, cards that offer rewards on purchases, and cards that cater for people with a poor credit history.

For those that will use their credit card on a regular basis and intend to pay the balance off in full every month the rewards credit card or the cash back credit card could prove to be perfect. This is because you can enjoy earning rewards or cash back for making purchases on the card but you will not have to put up with interest charges because you will be clearing your balance every month within the interest free period.

For those that want to repay the balance gradually a 0% purchase card could prove perfect. With these 0% purchase credit cards you can pay off your balance gradually over a specified period of time, which could be up to twelve ...
... months or more depending on the lender, and you won't be charged interest.

For those with damaged credit the choice is not all that great. If you have a poor credit history or rating you may have no other choice than to apply for a card that is geared towards those with damaged credit. If you do opt for one of these cards consider the interest rate, which can be extremely high on these cards, and often there is a very low credit limit.

Finally, there is the balance transfer card, and these come as 0% balance transfer cards or life of balance transfer cards. If you opt for a 0% balance transfer card you can transfer balances from existing credit cards and repay the combined balance over a certain period of time at 0% interest, but you may have to pay a transfer fee of 2-3% of the balance transferred onto the card

On the other hand the life of balance transfer credit card does not charge transfer fees, but you will be charged interest at a very low rate on the transferred balance until it has been paid off.

As you can see the variety of credit cards that lenders have on offer means that you can quickly find a credit card that suits you down to the ground. With a little thought and research, and with the help of the Internet you can find a credit card that offers real value for money based on your needs.

Remember, the Internet can help you to find the right credit card far more quickly, and allows you to browse, research, and apply from the comfort of your own home.