What is the best credit card? Is it an elusive fairy tale that doesn’t exist or is it a tangible item that you could one day obtain?

Believe it or not, the best credit card is indeed out there, but one person’s best credit card is another man’s nightmare.

Here are seven questions to help you find the best credit card for you.

1. Do You Hate a Balance?

If you pay your balance off in full each month and you can’t stand the thought of accruing interest, a rewards credit card is probably the best credit card for you. After all, you don’t pay interest anyway so a low-interest credit card isn’t going to do you any good.

You may as well be rewarded for your good spending habits and take advantage of the perks that rewards cards have to offer.

2. Do You Have High Debt?

If you carry large amounts of debt on your credit cards, a low interest credit card will be the best credit card for you. Rather than paying more for rewards (that don’t pay for themselves, no matter what they tell you) you will pay much less in interest and will be able to get your balances paid of faster.

3. Are You Planning To Make a Large Purchase?

Need to buy a stove, fridge, television or other big-ticket item? Then consider getting a credit card with a low introductory APR. If you only need six months to pay off a large purchase, a credit card offering an intro APR of 0-percent for six months is the best credit card for you.

4. Do You Travel Frequently?

Are you a jet-setter? Do you like to travel the world? If so, the best credit card for you would be a travel rewards card. In fact, some travel rewards cards even let you double dip.

What does this mean? Certain credit cards not only offer you miles for the purchases you make, but also allow you extra points for each dollar spent, which can be used for room upgrades at hotels and other travel perks.

5. Do You Believe in Charity?

If you like contributing to charities, you might be surprised to find out that there’s a credit card out there specifically for you. While some cards offer rewards, others will donate 1 to 2 percent of the amounts you charge to a specified charity.

While these cards also have higher interest rates than the low-interest credit cards, if you pay your balances in full each month they are a great way to do some good without spending anything out of your pocket, making them the best credit card for you.

6. How’s Your Credit?

If your credit has taken some significant hits lately, a secured card may be the best credit card for you. While a secured credit card does require a security deposit (acting as a savings account for you), it is a great way to rebuild your credit history and improve your creditworthiness in the eyes of lenders.

7. Are You All About Appearances?

Are you the type of person who really doesn’t care about interest rates, but you definitely want perks and you want to be recognized as the upper-class, respectable individual you are?

Then a carte blanch card (such as Diners Club and American Express) is the best credit card for you.

As you can see, the best credit card for one person isn’t necessarily the best credit card for everyone. After you have answered the above questions, look for an offer that matches the best credit card for you.

Author: Max Anderson
Article Source: EzineArticles.com
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The answer is “No!” Though we know that, what all of us do is to find the best credit card available in the market. What one might consider the best credit card may not be considered the best by the other. So how do we know or find the best credit card?

To find the best credit card you first need to know the pattern of your credit card usage. You need to plan how you will be using your credit card – to purchase expensive items or just for daily usage etc. It also would depend on your specific situation. For example if you are a great traveler, then the best credit card for you would be the credit card that comes with travel related offers. It is all purely relative.

Be perceptive and try to compare credit cards to identify the best credit card for your need. You can find lot of information online that will help you compare the features and benefits of various credit cards online.

Some of the basic factors to be checked include:

1. Whether there are any annual subscription fee.

2. Whether it is secured credit card or unsecured credit card.

3. Reliability of the company

4. The APR value.

5. The length of the grace period.

6. The interest rates for cash advances.

7. Any redeemable offers.

8. The offers are of temporary nature or permanent nature.

9. Any hidden costs that you may have to incur.

10. The percentage of service charge towards purchase.

11. Information on insurance claims.

12. Liability in case of loss.

13. Whether it is an international or national credit card.

14. Whether you will be able to use it online.

You keep the above parameters to compare various credit cards and finally identify the best credit card. All the above parameters outside the context of your specific need may mean nothing. So first identify your specific need and what you are looking for based on which you can get the best credit card available in the market to meet your specific need.

Above all, one of the factors you must not forget to consider is the credit card companies is their customer service. Most companies invest a great deal in their sales campaign and fail to attend to their customer relationship needs and post sales needs. By choosing one such company, you will not be signing up for a big trouble and not for the best credit card. Make sure that you choose a reputed brand.

Sometimes, a credit card which did not seem to be a popular credit card turns out to be one of the best credit cards, it depends on how you put your credit card into use. So interestingly having the best credit card depends also on the owner of the credit card.

Author: Jeff Moynihan
Article Source: EzineArticles.com
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When you start your hunt for the best credit card what you’re really searching for is the best credit card for your particular situation and needs. You may, for instance, be someone whe travels a lot for business or pleasure. Travel credit card discounts may be the best credit card option for you. You may be someone who has bad credit. There are credit cards especially designed for folks like you – these would be the best credit card options for your circumstances.

If you are a shopaholic, for example, the best credit card for you might be one that gives rewards in the way of incentives and percentages back on purchases. Of course, there are some things that make a card the best credit card for many, if not most, credit card users. These are the ones with the lowest APR (annual percentage rate) and the lowest annual rate. Some cards – in fact, many – have no annual rate at all. One such card may prove to be the best credit card for you, assuming that there aren’t hidden fees that ultimately cost you more than you’ve saved in lower APR or annual fee.

Keep in mind, though, that the better your credit history, the lower the APR you’re going to find on a credit card. If your credit is poor the best credit card you’re going to find, unfortunately, is going to be one with a higher than average APR. That is, until you improve your credit standing. There are alternative credit cards for this situation, too.

Other factors to consider in determining the best credit card for you is whether you generally pay off your credit card debt each month or whether you carry over a balance each time. The reason this is an important factor in deciding the best credit card for you is that some credit cards offer a grace period on this carryover – others do not, and, in fact, tack on hefty penalties for doing
so.

Fleet, AFB Industrial and Wachovia Bank all have twenty day grace periods on their credit cards – clearly the best credit card choice for those who don’t pay the balance each month. All other factors being equal, of course.

Another best credit card factor to be considered is whether you typically use your credit card for cash advances. This rate can vary considerably, and some even have no fee attached to a cash advance request. This, like anything else, depends on credit rating. USAA’s best credit card offer for cash advances, for example, is a free cash advance. It’s highest percentage fee is nine percent. Fleet and Wachovia both charge four percent.

The other important factor in determining your best credit card is how much traveling you do. If you’re flying the friendly skies on a regular basis a credit card that lets you rack up credits for each flight you take may save you more than opting for one that doesn’t whose APR is lower, or the annual fee less costly.

Author: Morgan Hamilton
Article Source: EzineArticles.com
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At the time of writing there are more than one billion credit cards in use in the United States alone and it is quite probable that a fair amount of these card holders, when making their applications, believed they had found the best credit card deal around… and it could well be that they had.. at least for their own personal requirements. But then again, everyone has different needs and the best credit card offer for one individual might not be the best offer for another.

A credit card deal can only be regarded as the best if it works for you, personally. So, if a credit card fits into your lifestyle in such a way that it offers you the maximum benefits, then that is probably the best credit card deal you will find. The most important thing for you to consider here is the word your as in your lifestyle. The lifestyle of every individual differs in many ways, and it is important that you choose the best credit card offer to suit your own personal lifestyle needs, which may be totally different from those of your friends or colleagues.

There are hundreds of differing types of credit cards on offer by the many card suppliers who are generally made up of banks, building societies and lending institutions across the world, and if you are to find the best credit card deal to suit your own personal needs, take the time to do your research well. Your first decision will be about which type of card will best suit your lifestyle. Next, you should access one of the many online comparison charts to help you to decide which card issuer is making the best credit card offers, the ones which you personally find most appealing.

There are many questions which should be asked when searching for your best credit card deal and here are ten of the most important ones.

1/. Are any introductory rates on offer with this card? What are they and how long will they last?

2/. After the introductory rate period runs out, what will the new interest rate be?

3/. Will there be any processing fees connected to my online application?

4/. Are there any annual fees charged with this card, and if so how much will I pay?

5/. Will I be expected to pay any late fees or over-the-limit fees?

6/. Are there other fees charged, like balance-transfer fees or account termination fees?

7/. When and how is a variable rate altered?

8/. Will my card issuer inform me if I am close to going over my limit?

9/. What is the company’s policy should I have trouble paying my bill?

10/ Will I be able to access my account online?

Now, as you can well imagine, lifestyles and requirements differ from individual to individual (which is exactly the reason why every credit card issuer offers such a wide variety of credit cards). It is simply a matter of evaluating your own personal needs. For example, if you travel a lot by air for your work or pleasure, a card offering you good rewards/rebates/benefits on travel could be considered your best credit card deal. Sometimes the airlines themselves will have their own credit card issuing company, and you should find out about their best credit card offer. For those people who regularly shop at a specific retail store, the best credit card deal would probably be a card which offers discounts, rebates and rewards on their shopping purchases. Again, the retail stores themselves may have credit cards on offer that could benefit you. Then there are some credit cards that are linked to gasoline stores or large grocery or electrical chains. And then again, if you do not have any specific needs, you might go for a general purpose credit card that will usually offer reward points on every purchase you make on your credit card. These reward points are then redeemed for cash or merchandise. A general purpose card would likely provide the best credit card offer for those people with no particular requirements.

So, when studying the online credit card comparison charts, make sure that you check out the answers to the above questions for each credit card. You will need to be totally happy with the answers you get for each of the questions. Then, and only then, can you consider yourself to have found the best credit card deal on the Internet! Remember that your application for any card will rely heavily on your credit score, monthly income and possibly value of collateral. In trying to secure the best credit card offer, avoid applying for a credit card that you are unlikely to qualify for. A Card Finder Report will establish which credit cards you are more likely to qualify for and will undoubtedly save you a good deal of time in the process.

So, in summary, phrases like ‘best credit card deal’ or ‘best credit card offer’ should be regarded simply as relative terms as there are no specific credit card offers which will be equally good for all individuals.

Trevor Taylor

Author: Trevor Taylor
Article Source: EzineArticles.com
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