For This Kind Of Mixed Use, A Relatively New Kind Of Card Can Be A Good Fit

Category: Finance, Credit.

As even the briefest search on the internet will show you, there are thousands of credit cards available from many different providers, and even more sites offering advice on which card you should choose. What really matters when choosing a new card to apply for is getting the card with the right mix of features to suit the way you plan to use it.

Most card advertisements and promotions make a lot of noise about attention- grabbing features such as market- leading low rates, long balance transfer deal introductory periods, or enticing cashback or rewards programs, but some or all of these features may be irrelevant to you no matter how good they look. To ensure that you get the best deal available it pays to take a little time out to think about the ways in which you normally use your card. This frees them from having to carry large amounts of cash around, and makes it easier to keep track of their spending with online account management and the like. In today s increasingly cashless society, many people use plastic as simply a convenient payment method, clearing their balance in full every month. If this is the way you plan to use your card, then the interest rate doesn t really matter to you. What s more important is to get a card that rewards you in some way for using it, either through cashback where a small percentage of everything you spend is credited back to your account, or with a rewards program that will allow you to build up points which you can later redeem to get cheaper goods or services. Considering that you ll be clearing your balance every month, then you shouldn t be charged interest at all.

If you plan to use your card to fund larger purchases such as home electricals, with the repayments being spread over several months, then the APR of a card is the single most important feature to look for. This means that your debt will be cleared more quickly, and will have cost you less to take out in the first place. A low APR means that more of your repayments go towards clearing your debt rather than servicing the interest charges. It may also be worth looking for a card which offers a long 0% introductory period on purchases, with many cards now offering a deal of 12 months or even longer. It s also common to want to transfer a debt from a more expensive account such as an older credit card or an expensive overdraft. The most common way of spending with a card is to have a mix of large and small purchases, repaying a reasonable portion of your spending each month but sometimes carrying a balance over if funds are a little short. For this kind of mixed use, a relatively new kind of card can be a good fit.

The low interest rate means that your credit costs less and can be cleared more quickly, and the simplicity offered by having just one APR for everything means you know exactly where you stand. A flat rate card charges the same low interest rate for each type of card use, balance transfers, whether purchases, or even cash withdrawals. So no matter how impressive a new credit card may seem, with a wide range of eyecatching features, it really pays to decide which one to apply for based on your own needs and spending habits rather than the features that card issuers tell you are the most important!

Read more...

The Offer Is Carefully Worded Up To 5% Cash Back - Christy Fern's Finance and Credit blog:

Now you can earn up to 5% cash back on everyday purchases with no limit to the amount you can earn. The American Express Blue Cash Card is your key to savings.

Business Credit Cards Are Here To Help - Amanda Caviness's Finance and Credit blog:

As the dependence on credit card is growing, new areas are finding the convenience offered by them simply too irresistible.

For A Majority Of The Instances When Workers Are Negatively Used By Their Own Company Is Through The Medium Of Finances - Finance and Credit Articles:

There are millions of workers in America that have gained employment from businesses that are owned by other business leaders, which basically means that these people work for other entrepreneurs that have started their own business.