Your guide to choosing the best credit card

Read on and get tips on how to choose the best credit card that will meet your needs.

07:03 27 June 2013

There are several different credit cards available to you these days making the process of choosing the best one a bit overwhelming. However, you can make this less complicated by simply knowing what to look for.

The first thing that you need to seriously consider is the interest rate. A lot of credit card companies will entice you to get a new plastic by telling you about perks and bonuses. Although these are great, you need to know how much interest you’re going to pay. Compare the interest rate with other competitors and ensure that you’re getting the lowest one.

Next thing to check is the annual fee. Different credit cards come with different annual fees. Of course, you would want to go with those that charge less.  You would also want to check the rewards or free bonuses. Depending on the type of card that you’re applying for, you may get discount coupons, free hotel stays, and other freebies.

Last thing to consider is convenience. It will be nice if the credit card company offer internet banking and has 24/7 customer support. Also, it’s important to ask if the credit card is accepted at most ATMs and if it can be used abroad.