Finding the right credit card
Tips and hints for finding the right credit card for your needs
There’s a lot more to a credit card than just the interest rate. From low annual fees to cash back offers, credit cards come in a wide range of flavours to suit many different lifestyles and budgets.
With that in mind, here are some important things to think about as you search for the right card, and some tips on what to watch out for.
Know your spending style
Everyone has different spending habits, so it’s good to understand how you’ll be using your credit card.
• Do you use your card every day, or just for emergencies?
• Do you pay off the entire balance every month?
• Are rewards important to you?
Knowing the answers to these questions is important, as it will help you narrow down the choices. For instance, if you’re the kind of person who only uses their credit card for emergencies, a no or low annual fee credit card might be the one for you.
If you like to take things slow and only make the minimum payment each month, you might choose a credit card with a low interest rate over one with fancy rewards.
Then again, if you like to charge everything but are always careful to pay off the balance, a rewards card with all the bells and whistles could be the right choice for you.
Looking for a credit card that ticks all the boxes? Tell us your needs and compare credit card features from different banks.