What Does The Best Credit Card Look Like?

What is the best credit card? Is it an elusive fairy tale that doesn’t exist or is it a tangible item that you could one day obtain?

Believe it or not, the best credit card is indeed out there, but one person’s best credit card is another man’s nightmare.

Here are seven questions to help you find the best credit card for you.

1. Do You Hate a Balance?

If you pay your balance off in full each month and you can’t stand the thought of accruing interest, a rewards credit card is probably the best credit card for you. After all, you don’t pay interest anyway so a low-interest credit card isn’t going to do you any good.

You may as well be rewarded for your good spending habits and take advantage of the perks that rewards cards have to offer.

2. Do You Have High Debt?

If you carry large amounts of debt on your credit cards, a low interest credit card will be the best credit card for you. Rather than paying more for rewards (that don’t pay for themselves, no matter what they tell you) you will pay much less in interest and will be able to get your balances paid of faster.

3. Are You Planning To Make a Large Purchase?

Need to buy a stove, fridge, television or other big-ticket item? Then consider getting a credit card with a low introductory APR. If you only need six months to pay off a large purchase, a credit card offering an intro APR of 0-percent for six months is the best credit card for you.

4. Do You Travel Frequently?

Are you a jet-setter? Do you like to travel the world? If so, the best credit card for you would be a travel rewards card. In fact, some travel rewards cards even let you double dip.

What does this mean? Certain credit cards not only offer you miles for the purchases you make, but also allow you extra points for each dollar spent, which can be used for room upgrades at hotels and other travel perks.

5. Do You Believe in Charity?

If you like contributing to charities, you might be surprised to find out that there’s a credit card out there specifically for you. While some cards offer rewards, others will donate 1 to 2 percent of the amounts you charge to a specified charity.

While these cards also have higher interest rates than the low-interest credit cards, if you pay your balances in full each month they are a great way to do some good without spending anything out of your pocket, making them the best credit card for you.

6. How’s Your Credit?

If your credit has taken some significant hits lately, a secured card may be the best credit card for you. While a secured credit card does require a security deposit (acting as a savings account for you), it is a great way to rebuild your credit history and improve your creditworthiness in the eyes of lenders.

7. Are You All About Appearances?

Are you the type of person who really doesn’t care about interest rates, but you definitely want perks and you want to be recognized as the upper-class, respectable individual you are?

Then a carte blanch card (such as Diners Club and American Express) is the best credit card for you.

As you can see, the best credit card for one person isn’t necessarily the best credit card for everyone. After you have answered the above questions, look for an offer that matches the best credit card for you.

Finding the Best Credit Card Offers – A 1-2-3 Journey

Does it seem as though the best credit card offers are as elusive as the famous lost ark? You’re not alone. Many consumers don’t have the first idea where to go to find the great credit card offers that others have been able to find. Is it a luck of the draw situation? Absolutely not. It’s just a matter of knowing where to look and what to look for.

If the world’s best credit cards are the destination, then there are just three short steps between you and your goal. These three stops will have you on your way to the best credit card offers in no time.

First Stop — The Mirror

What does looking in the mirror have to do with finding the best credit card offers? Quite a lot, actually.

Just as all credit cards aren’t created equal, neither are all applicants. What’s your credit like? What are your monthly spending habits? Do you carry a balance on your credit card or do you pay it off each month? The answers to each of these questions will determine the best credit cards for your specific situation.

Want a credit card with a low interest rate and great rewards? So does everyone else. Unless you have stellar credit, it’s not going to happen.

Like the idea of cash back bonuses? Who doesn’t? Unless you pay your credit cards in full each month, however, the higher interest rate associated with cash-back credit cards isn’t going to be for you.

As you can see, your personal situation does indeed affect which credit card offers are actually the best for you. This means the first step towards finding the best credit cards involves a bit of self-evaluation.

Second Stop — The Internet

Now that you’ve visited the mirror and you understand exactly what type of credit cards are best for you, it’s time to visit the Web to locate the best credit card offers.

Gone are the days when you had to rely on junk mail for finding the best credit card offers and welcome to the Age of the Internet. Now the best credit card offers are just a mouse click away and making apples to apples comparisons is just a matter of knowing where to go.

Of course, you can’t always trust the websites of the actual credit card companies. They’re just promoting their own cards with carefully-worded marketing material. What you need to do is hit a website that has a rundown of all of the best credit card offers on the Web.

By using the Internet to research the best credit card offers, you’ll be able to match your needs to the credit card offer that meets them.

Third Stop — Your Mailbox

Once you find the best credit card offers and you apply for the credit cards that have exactly what you need, the last stop on your journey is your mailbox — where your new credit cards will be arriving. While many credit cards arrive just a few short days after your approval, remember that some credit cards can take up to a few weeks to arrive.

When your credit cards do arrive, remember to compare the terms and conditions in the literature with the terms and conditions outlined in the offer you applied for. The best credit card offers in the world won’t do you any good if the offer you applied for isn’t the card you actually get.

How To Apply For The Best Credit Cards

The best credit cards on the market are those with the lowest interest rates and lowest ongoing fees and charges. It is even better if you can get a low (or zero) interest rate introductory period. For people who are struggling with credit card debt, these introductory rate cards can be a great solution to high monthly credit card costs. The introductory periods tend to range between three to fifteen months and the longer the low or zero interest period, the greater the benefit.

Credit card providers offer these special deals in order to attract new customers who will, at the end of the introductory period, pay full interest rates. However, there is no reason you cannot transfer your balance to another introductory rate card before interest charges kick in. After all, your goal is to pay as little as possible in charges and to keep as much of your own money in your pocket as possible.

It can be hard to find the best credit cards from such a large range of offers. If you are looking to reduce your current payments on credit debt then the best deals will be those that have a long interest free period, low balance transfer fees and low ongoing fees and charges. If you intend to keep your new credit card at the end of the introductory period then you will also need to choose a card with the lowest normal interest rate. If you can find a credit card with a zero or low rate period of at least twelve months you will make the most savings.

The best credit cards will save you thousands of dollars in interest. However, there are so many credit cards and special offers on the market that it can be difficult to find and evaluate them. The quickest and easiest way to do this is to use a professional online credit card service. These one-stop-shop websites research many of the deals on the market and provide a selection of the best for you to choose from. They show clear comparisons to help you further and even offer online applications.

As well as offering a comparison between the best credit cards, some of these sites also offer a reminder service to let you know when your introductory period is ending so that you can transfer the balance to another introductory rate card if you want to. This is an enormous benefit if you still have a significant credit card balance and wish to benefit from a longer interest free (or low rate) period.

Balance transfer cards are not the only credit cards that offer interest free introductory periods. You can take advantage of introductory offers with a number of cards without having to transfer current credit card balances. These cards usually offer zero or low interest on purchases for a specified period of time. No matter what your reason for applying for a new credit card, the best credit cards will give you the greatest benefits. They will keep ongoing payments as low as possible and allow you more financial flexibility. It is therefore important to take the time to carefully evaluate the options available to you. If you do this, you will protect your budget from credit card related stress.