subject: How To Shop For The Best Credit Deals [print this page] There are so many credit cards out there that it can be difficult to find the best credit card deals. You need to analyze how you will use the credit card and make the best choice of the options available to you. In order to accomplish this, you will need to shop around.
First you need to decide why you need a credit card. Do you need it for extra cash or to rebuild you credit? Or maybe you would like to take advantage of deals that you can only get online. What ever there reason, there are different card that fit your needs.
If you are looking to get cash, you should look for the card with the lowest interest rate. You will pay more interest for cash withdrawals in most cases so you need to compare the purchase APR vs. the cash advance APR. If you use you card often and pay you bill in full every month, you should consider a card with rewards. These rewards are often in the form of cash or merchandise.
When looking for the best credit card deals, you need to consider the payments. Do you need to make small payments or like to pay off you entire balance each month? If you can't pay the bill in full each month, you need to find the lowest rate. If pay the balance in full each month, you can consider a card with a higher APR but better incentives and rewards as you won't be charged any interest.
The main thing you should be comparing is the annual percentage rate if you want the best credit card deals. The APR will be determined by the credit card company and your credit rating. If you have bad credit, you can expect to pay more interest. Regardless of credit history, you should shop for the best rate for your credit rating.
When you shop for the best credit card deals, you need to know what you are getting. If you like the reward and incentives, choose the card with the best perks. If you are rebuilding your credit, you will likely pay a higher interest rate so you should shop for the best interest rate. Other things to consider are minimum payment amounts and annual fees.
