Choosing Credit Cards The Basics

| Total Words: 578

There really are an amazing variety of credit cards available to todays consumers; the number of options is simply staggering. Virtually every company around these days has some form of affiliated credit card option available to its customers. While most of these cards are affiliated to one of the major credit card brands, such as Visa, Mastercard, or American Express, they still represent a major source of options from which to choose from. That is why it is important the go back to basics, and remember what are the fundamental reasons you opt for a credit card in the first place.

Below are some of the reasons we look for credit cards and some of the features we should be able to find in them, if they really are as good an offer as they claim to be.

-Is the credit card offered by a company you know and trust?

-What is the annual percentage rate (APR) for the card?

-Is this a temporary, introductory or permanent rate?

-What is the credit limit they have offered you?

-How often are you billed?

-How are repayments calculated and is the outstanding balance free of interest if you pay off the full amount each month?

-Are...

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