What things should I consider when picking a credit card?

WIth today’s economy, what should be most important when choosing a credit card? Rewards, rates, acceptance, something else???

By | 2013-08-27T13:20:24+00:00 August 27th, 2013|Mortgages Home Loans Interest Rate|6 Comments

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  1. angelbaby August 27, 2013 at 4:56 PM - Reply

    Get one that doesn’t have an annual fee. Some charge you a basic amount each year just for having the card, whether you use it or not. If you plan on carrying a balance (which is not generally recommended), you will want one with a low interest rate. I just got a major credit card (MC) thru my bank where I have all my other accounts. It doesn’t have rewards or anything, but I don’t use it often anyway. My parents have one thru a credit union, they get so many points with purchases, and can turn them in for gift cards from a place of their choice, from a list of select places – but they are all popular and common places for things they use on a regular basis.

  2. flawed August 27, 2013 at 4:23 PM - Reply

    LOW apr, FIXED rates… but if you look at todays economy, now is NOT the time to put anything on a card. at any time the credit card company could ask you for your TOTAL balance due.Also in todays economy too many peole are losing their jobs and having no way to make their payments and their credit is going bad because of it. It takes 10 years for your credit to recover. Think of it this way, if you have the money to make payments on something then just save up that money in advance and then buy it strait up. Take it from someone who is seeing ALOT of people making this mistake and ending up losing everything.

  3. Judy August 27, 2013 at 3:55 PM - Reply

    I like rewards cards.
    They usually carry higher apr’s.
    But I like a high apr, because that keeps me from carrying a balance and forces me to pay in full each month so I never pay interest – ever.
    Paying in full will also give you top credit scores.

    Last year I made about $500 in cash back rewards.
    If you plan on carrying balances – forget this option
    go to bankrate.com
    find a card you like
    or google cash back cards
    stay away from discover – they have tiers or quarterly rewards
    not to mention – they are more consusing than anything.
    Look for at least 1% cash back with no minimums or tiers

  4. #1 Stern Super - Fan August 27, 2013 at 3:22 PM - Reply

    what will my percentage rate applied to purchases be after the intoductory rate period ends…. how much will my line of credit be ?

    rewards are marketing and a scam… these questions are the important one’s.

  5. Nilda August 27, 2013 at 2:46 PM - Reply

    Making sure you can make a payment but not the minimum payments.

  6. poubelle August 27, 2013 at 2:12 PM - Reply

    it’s not wise too get a credit card, you will run yourself into debt.

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