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Match your Card and Lifestyle: Find The Perfect Card for You

You should first shop around before that you sign up for the first low-rate offer that comes in your way. Maybe the great rate that is offered by the credit card company only lasts for six months or any savings you could enjoy from the low introductory rate might be eaten up by the annual fee.

Shop around for your Card

It is advised that you should do a little comparison shopping and you may get success in finding a card with the same rate for at least a year or another card that offers the same deal but charge no annual fee.

credit cards

Use Credit Card Search Engine

An essential tool with which you can find the best card is the Bankrate.com which is credit card search engine. It serves as a great reference and comparison tool. You should keep it handy as you keep refining your choices.

If though you’ve already had your card for a while, but then also I suggest you to shop around again because now there might be a new deal with the same card company, or you may find a different, better arrangement out there with another card company that wants your business.

There are two possibilities that the Cards either come with a fixed rate or a variable rate of interest.

Balance all the Numbers

 

It is commonly suggested by the experts that a low, fixed-rate credit card is better than a low, variable-rate credit card. When interest rates go higher, card companies can raise their fixed-rate cards, but this change cannot be done automatically and they need to give you 15 days’ notice. If you have a variable-rate card then your rate can move regularly and the card company can change it without any prior notification.

Rule of thumb: It is better to have a low, fixed-rate card than to have a low, variable-rate card.

Read out Very carefully the Mails sent to you by Your Card Company

mail

Such information when a card company can increase your rate is usually buried in mail which is send to you by them. So you should always be very careful that it may not be useless promotional/advertising junk that you’re throwing away from your credit card company’s envelope. It may be very important for you. For instance, it may be a notification from your card company that your fantastic rate will be tripled when the first time you’re late with a payment. The same advice i may give you while you are searching for a card, but after that you get one you should must check out all that “junk” mail in your statement envelope before that you toss it.

Make it sure that you are aware of your payment profile, because when it comes to choose a credit card for you then the way you plan to pay your bills is really very important. If you would like to pay every cent every month instead of paying just a part of it totally changes what you are shopping for.

Be Honest with Yourself

 

You should not get real. It might be said by you that you’ll pay off every statement in full every month, and you may also have made promises that you’ll have a zero balance by the time the teaser rate expires, but will you? think about it just once. Unless this is your credit history, so please don’t make such promises to yourself that you are unable to keep. Because if you would not be able to do what you said then you may get stuck with too much expensive card.

Make sure that you have already confirmed with a company that they are offering what you assume that they it is offered by them. It’s a very easy thing to misunderstand some of the arcane information that is present there in the small print. Get it read carefully and then ask if they can do better, it may be possible that their best offer may not be the first deal that is offered to you by them.

Understand Key Numbers Before you Sign

You should know that what is the APR, annual fee, grace period, penalties, late payment charges, over-the-limit fees and interest rates on any cash advances, and what could be the circumstances that lead the card company to change your interest rate or any other terms of the deal?

 
 

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