subject: How to choose from the range of Credit Cards? [print this page] How to choose from the range of Credit Cards?
The number of Credit Cards that are available in the market today can easily confuse someone picking one up for the first time. The options, variations, and customizations can seem overwhelming to someone who isn't properly informed. The main thing that you have to know is what your needs of the card are, and your spending habits of the same.
The first question to be answered is how you plan to use the card. For example, if you intend on paying off your balance every month, and you're sure that you can maintain that over time, then you may not need to bother yourself with APR's and other such fees, as they will have no effect on you.
If, however, you plan on carting forth balance from month to month, then you must sincerely scrutinize every aspect of how, and how much interest will be compounded on your debt. Check the details of the APR, and try applying for a card with a low, preferably fixed rate.
There are also certain cards that are purely for rewards purposes. Features and benefits of such cards include dinner certificates, shopping vouchers, partial fuel reimbursements and even free travel at times! Shop around for one that gives you the benefit that suits you the most, and then all you have to do from there is to make sure you meet any additional minimum month clauses.
Comparing credit cards may seem like a tedious task, but is well worth it at the end. Read the fine print of whatever you choose as sometimes there are annual fees that you're not explicitly told about, and at times there are even inactivity fees imposed on customers.
In case you suffer from poor credit history, be sure to rectify this before applying. The last thing you'd want is to be stuck with an even bigger debt burden! No matter which of the cards you choose ultimately, remember to act responsibly once you get it in your hand.
Gulf Money Mart can assist you in your credit card needs in the UAE, whether you want them to assist in comparing credit cards or getting yours in your hand. They do it all.
