The Seven Things To Think About When You Do A Credit Card Review
The Seven Things To Think About When You Do A Credit Card Review
There are many thing to think about when you do a credit card review. The most important is probably going to be the annual percentage rate. This is the number that is next to the words that say APR. If the APR is higher than about eight percent then it is something I consider to be too high.
Another thing to look at is the credit limit. Is this limit going to be enough for you and is it too little of an amount to start off with. If you are a tight wad then a credit limit that is high could be the thing for you. However if you are someone that money burns a hole in your pocket then the credit card with a lower limit is probably going to be a better choice.
Something else to consider is how much money is on the card to begin with. If you are a person who spends money like it is going out of style and you can not afford your bills then you need to get a card that has about a fifty or two hundred dollars limit.
If you are someone who can save money like crazy then you should try for a card that is a little higher of an amount, something like five hundred or more might be better for you. Or maybe you should just go open you up a savings account and not get a credit card at all.
You also want a card that will let you view activity on the internet. This is a must for people who have a secondary person on their account. It is always a plus to be able to make online bill payments through the credit card site as well. Make sure it is a secure site that will allow you to do this.
You should get a card that lets you pay your bills online, watch activity online (especially if you are getting a shared account). You should check late payment fees, make sure they are not very high. Ten or fifteen dollars is not so bad as long as you are not late all the time. Also, check for great benefits, cash back is also a plus!
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