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Credit Card Rewards Programs

One of the latest and hottest trends with credit cards these days is the entirely new and varied rewards programs companies offer. These rewards programs are growing in popularity, and surveys and statistics show that rewards programs can affect people’s decisions on the credit card or cards they choose to apply for, as well as which one of their existing cards they use for a particular purchase.

However, one prevalent problem with credit card rewards programs is that many consumers and cardholders that are a part of these programs often don’t redeem their accumulated points, for various reasons, such as forgetting, not wanting to bother or not knowing how.

Credit card companies offer these rewards programs as a way of promoting their particular credit cards to increase their usage. But when points are not redeemed, there is often less reason to use the card. As a result, credit card companies are encouraged to offer more exciting, alluring, beneficial and practical rewards programs that customers would actually be interested in and want to use more often; as well as enhance their communication on the finer points and “how-to” of redeeming rewards points, and making point redemption more convenient.

There are many different types of rewards customers can enjoy through the programs and incentives offered by credit card companies. One of more recent popular choices are lifestyle rewards, allowing cardholders to take vacations and go on other getaways or enjoy a “night out,” depending on that they prefer, once they’ve accumulated a certain number of points.

Other rewards include cash-back rewards—a favorite and top choice among credit card patrons—as well as air travel mile rewards, gift certificates, free merchandise and members-only discounts.

Now that rewards programs are high on the average consumer’s list of criteria for choosing a good credit card, credit card companies are finding that they not only need to offer rewards programs, but ones that are useful, beneficial, desirable, sought-after and relevant, as well as programs that are different from others and unusual in the competitive credit card market. If a rewards program isn’t attractive or particularly relevant, or if it’s the same as every other program offered by credit card companies, it will not stand out and hence attract customers.

There are also ways for credit cardholders to maximize the power of credit card rewards programs they are already part of, and enjoy additional savings.

One example involves using your internet connection and computer to take advantage of the many available online rewards programs. All you need to do is register your rewards credit card online in order to get those extra points or cash back, which will go into another account. A lot of these online programs involve shopping rewards and coupon savings—for groceries and gas, for example—letting you save even more than simply using your credit card to make purchases.

For coupons, after registering your credit card online, you can have access to coupons that you simply print out to use along with your credit card. As far as shopping rewards go, with an online registered credit card you can make purchases online through participating merchants in order to get cash back incentives. Generally speaking, credit card companies mail out a cash rebate check once you’ve reached the minimum amount for payout.

Find out what type of rewards programs, bonuses and incentives are offered by your current credit card as well as other credit cards you might be interested in. Although there are many other factors to take into consideration when thinking about choosing a new credit card or even switching all together—such as APR, interest rates, annual fees and other fees, credit limit and acceptability—rewards programs are certainly not to be overlooked

Posted on 27 July 2011 at 06:03 by Anu - Comments

Easy Guide to Transferring a Credit Card Balance to a Better Credit Card

Transferring a high interest credit card balance to one with a better interest rate and/or better overall terms and features is usually a good way to reduce the amount of money you pay back on your existing debt. Depending on the “better” credit card you select, you may also be able to benefit from a rewards program or gain other features you didn’t already have – including travel accident insurance coverage or an extended warranty program for new purchases made with the card. There are a few instances when a balance transfer is not the great deal it appears to be at first glance though, so it’s important to do your research before moving your accounts around.

If you want to take advantage of a balance transfer offer, use this guide for a smooth transition from one card to the other, and avoid costly or time consuming mistakes:

Find a better credit card with a balance transfer offer.

There is no point moving money from one credit card to another unless you are going to benefit from it in some way. Sometimes people are mislead by the introductory rates and promotional offers – so it is important that you dig a little beneath the surface to see what sort of rates you’ll be charged once the promotional period ends.

When looking at possible cards to replace your existing credit card, make sure you find out the following information in order to make an accurate comparison between your existing card and the new card:

What is the introductory rate and when does it end? Does the introductory rate apply to new purchases only? Does it apply to balance transfers? What is the cards APR (annual percentage rate) once the introductory offer is over? Does the card have an annual fee? How much is it?

This is an important consideration when looking at a card to move your existing balances to – What does the card charge for a balance transfer fee? Many cards charge 3-4% fees for transferring balances. If you’re going to pay a balance transfer fee, you’re going to need to save a whole lot of money in interest over the life of the balance on the new card in order to make that fee worth it.

What are your chances of getting approved for the new card?

Just because a credit card offers a 0% or 2% interest rate on balance transfers does not mean that you will be approved for that offer. Cards always put their best foot forward; but sometimes people are approved for the cards under different terms, based on their credit scores and payment histories. Take a close look; because often the credit card you apply for will tell you that if you don’t qualify for the terms of the offer they will issue you a credit card with higher interest rates or different overall terms. If this happens, will the higher rates be beneficial to you, or will you just end up with a second credit card that charges a fortune in fees and interest and the temptation to spend more because you have a new credit line available?

Apply

If you find a card with a great offer that you’ve compared closely to your existing card and feel that you will save money through the new, lower interest rate and/or through the rewards program the new card offers – AND you’ve considered your realistic chance of being approved for that card and all seems ready to go; it’s time to apply.

When applying for the new card, make sure to fill out the balance transfer portion at the time of application. The reason for this is sometimes the balance transfer offers are only good for immediate balance transfers that occur at the time of account opening. Balance transfers that are initiated later may be considered a cash advance and do not enjoy the same promotional terms your initial transfers do.

Stop Using the Old Card

If you’ve transferred the balance to a new and improved credit card, stop using your old credit card. Cut it up or put it away so you are not tempted to charge on it. If you transfer the balance and then continue to use your old card, you have completely defeated the purpose of moving the money and now have TWO credit cards to pay off!

Posted on 26 July 2011 at 05:48 by Anu - Comments

Settlement of Credit Card Disputes

When you file a dispute or claim against your credit card company, it gives you an opportunity to obtain a settlement. Typically, settlements are a cancellation of some or all of the debt on the disputed purchase in exchange for your agreement to drop the claims. There are other types of settlement for credit card disputes, however, and some may benefit you more than simply canceling some or all of the debt in question. Here are some other possible types of credit card dispute settlements:

Creditor agrees to cancel a delinquency: it may be helpful if the creditor agrees to treat a late debt as a current balance, even if they will not change the total amount you owe. This will help protect you temporarily from debt collection actions.

Creditor restructures payments: whether or not the balance owed is reduced, a creditor may sometimes agree to restructure the payment agreement. Having a lower monthly payment for a period of time may make it easier for you to get back on your feet financially. There should not be added fees when a creditor restructures your debt.

Creditor reduces your interest rate: sometimes a dispute will be settled by the creditor reducing your interest rate for your future payments. It’s easier for a creditor to reduce the interest rate on your future payments than it is to reduce the balance owed on a debt.

Return of property: if a creditor has seized property improperly and hasn’t resold it, you should request that the property gets returned to you. If it has already been resold or it was damaged while in the care of the creditor, you could get a replacement item, the cost to replace it, or cost of repairs.

Corrected credit report: as part of a settlement, you can request that the creditor delete information from your credit file, correct it or change the information if it is incorrect. They should report the debt as current or fully paid, depending on the circumstances of the situation.

No matter what type of settlement you and the credit card company agree to, make sure you get the settlement details in writing. You may also want to have a lawyer review the documentation and details of the settlement to help you determine if the terms are fair and reasonable, but it would depend on the amount of money involved and whether or not it is worth the cost of hiring a lawyer to review the settlement for you. Sometimes, even advice from an outside party, a friend or a relative, may be helpful.

Approve the settlement only after you fully understand the terms of the entire agreement. Also, confirm that you have the written details of the settlement in front of you before you agree, just in case some details are left out of the verbal explanation – this is particularly important if the settlement is the result of a creditor trying to cheat you out of money because it is probable that they may use the settlement to try and do it again.

Posted on 25 July 2011 at 05:24 by Anu - Comments

Avoid These Common Credit Card Balance Transfer Mistakes

The offer to transfer your credit card balances sounds like a great deal, doesn’t it? What a lot of people do not realize is that the lender would not make such an unbelievable offer unless his motive was to benefit from it financially. Such lenders safely assume that the majority of people doing so will not consider the potentially costly details that accompany the offer.

Transferring balances from a high-interest rate credit card to one with no or a lower interest rate could save you a substantial amount of money if you do not fall prey to these common mistakes.

1. Balance transfer fees

Rarely are there balance transfer offers that do not come with some sort of balance transfer fee.

Although you may have figured out by now how to look for such fees, there is something else you need to look for: whether or not there is a cap on how high the balance transfer fee can go. Avoid those without caps and always do the math accurately before taking advantage of an offer. If the balance transfer fee purports to be more than what you would have paid in interest had you not done the transfer, then visibly a transfer is not in order!

2. Other interest rates

Whilst there may be low or no interest on balance transfers, you are still getting a new credit card which means you will still be able to use it for purchases. Purchases though, normally are not part of the no or low interest deal. In fact, you can expect the interest rate on purchases or cash advances to be just as high as or higher than the credit cards you are already using to make purchases. If you are serious about chipping away at your debt, which is really the best reason to take advantage of balance transfer offers, then it is imperative to stop accruing credit card debt!

3. Payment allocation

If you do transfer balances to the new account, and you do make purchases on this new credit account, you may be surprised to find that your payments are not allocated the way you thought (assumed) they would be.

4. Interest rate after intro rate expires

That low or zero interest rate will not last forever and you need to know how much it will increase when the designated period expires. That is because any balance remaining afterwards is likely to be whacked with a much higher rate. To prevent this from happening – which negates any savings benefits you have reaped so far – make sure you have a plan for paying off whatever balance you transfer before the rate increases. Moreover, be sure not to miss a payment, or make payments late. If you do, you might find – without warning – that your zero percent no longer applies and that you are paying more in interest now than you were earlier.

Posted on 21 July 2011 at 11:39 by Anu - Comments

Consolidating Credit Cards

Credit card consolidation is a popular solution for those with significant credit card debt, usually distributed on three or four different cards. Essentially, this means putting all your debts together on a single card, like transferring it all to one loan. Obviously, the goal is to pick a card that offers better conditions than what you already have, in order not only to simplify, but also to reduce the aggregate payment.

Since there are so many offers out there, and lenders fight over your business, you can sometimes find solutions that can save you thousands of rupees per year. If you consolidate your debt to a credit card with low interest and 0% balance transfer, you can save considerably, and pay off your credit sooner (which, of course, is the main goal when dealing with credit card debt).

The most serious mistake people make when consolidating is to go through the entire process just to simplify their accounting; however, they do not always pay enough attention to how much they could save. Another mistake is to close your zero balance accounts when consolidating. This practically means you close some of your credit options, which is never a good idea.

When you plan to consolidate, call your banks and explain the situation. They want your business, and you’ll be surprised how flexible and willing to negotiate they may be, once you explain to them that you have various options available and may want to consider other banks.

There are many web sites offering solutions for debt consolidation. However, keep in mind that, while this is a comfortable and fast solution, you may not have the options to negotiate directly with the banks. Also, more often than not, the best offers come from banks that want to keep your business, so make sure you give a change to the banks you’ve had a long-term relation with. If you are not pleased with the results, you may be better off pursuing other alternatives.
Consolidation is often a necessity for students, new graduates, or people who have filed for bankruptcy some time ago. If you’ve handled your payments well and managed to clear up your records to a certain degree, there is no need to continue paying more than required for your credit cards. Be patient and study the figures carefully, and scrutinize the problem in a pragmatic manner. Do not forget to check your credit report and your credit rating before you start anything – it will help you plan and plead your case. Moreover, if your credit request gets rejected, do not hesitate to ask for your free copy of the credit report.

Evidently, credit card consolidation is not a miracle solution for your financial problems. On the contrary, you may find that it requires a lot of financial discipline to make the payment on time and to rectify the damage. Furthermore, it is a lot easier to administer and hence monitor than having several small credits.

There is also the option of getting credit counseling, if things get really confusing. A successful plan will make sure you make the payments on time and regularly, without putting a strain on other aspects of your life. Clearly, it is a lengthy process usually taking one or two years – but may be worth the trouble.

Sometimes, you can lower costs by consolidating your debt through a second mortgage – but be really careful about the hidden costs and problems – you may want to consult a specialist or two before taking this step. This normally requires your home to be the collateral, and consequently turn out risky. Besides, the costs could add up and you may end up paying more than you had initially contemplated.

Posted on 19 July 2011 at 05:49 by Anu - Comments

Things to Consider Before Accepting a New Credit Card

It is becoming increasingly difficult to scratch out a living in our society without a credit card – or at the very least, a debit card with a credit card logo. Travel arrangements, restaurant reservations, online business transactions and placing orders by telephone all require the use of a credit card. Here are some things to consider before signing your name onto a new credit card application:

Don’t Get Too Many Cards – there is hardly ever a good reason for a person to have a wallet overflowing with multiple credit cards. Typically, you only need one or two credit cards. Be selective and choose cards that will work best for how you yearn to use them and repay the bills. Too much credit available can lead to bad financial decisions made on a whim, and hence accruing debt.

Take a Hard Look at Your Spending Habits if You Get A lot of Credit Card Offers – just because you have four credit card offers in your mailbox every day does not mean you can afford more credit cards. In fact, credit card companies tend to target individuals who are most likely to accumulate big balances as they could profit substantially from the interest.

Don’t Fall For Teaser or Promotional Rates – many credit cards do their best to entice new customers through teaser or promotional rates. These are typically lower than average interest rates on new purchases or balance transfers that apply for a limited time – but then once that time is up, the interest rate shoots up. These are also cards that often send your interest rate through the roof if you make a payment late. The permanent interest rate on a credit card is much more important than the temporary promotional offer you get; unless you are using the card to pay off a higher interest account and will have the balance completely paid off in full before the promotion ends.

Examine More Than the Interest Rate – while the interest rate on a credit card is an important consideration before accepting a new card, it is not the only thing that matters. The interest rate only matters for people who carry a balance from one month to the next. If you pay your balance off in full within the stated grace period (typically 20 days), there is no interest charged. Also, when you make a decision for a credit card based solely on the interest rate, you might be very disappointed when the interest rate changes a few months after you get the card. Even “fixed rate” interest cards can adjust their interest rates.

How Does the Credit Card Billing Cycle work – knowing the cards billing method is a good idea. Will the interest be applied to your purchases from the day you use the card, or is there a grace period? How many days do you have between billing cycles to pay off your balance before interest is applied? Know exactly how long this grace period is because your lender is likely to mail the bill out late in the billing period, giving you just a couple days to get your payment out before it falls outside that grace period.

Understand Late Payment Charges and Penalties – Check the credit card terms carefully to understand how late payment charges and penalties are charged to your account if you should make a payment late. See if a late payment will also result in an interest rate hike. Most credit cards apply the late payments and penalties to the card balance, and therefore you end up paying interest on these as well if you don’t pay the balance of your card off in full before the end of the billing cycle.

Posted on 18 July 2011 at 08:52 by Anu - Comments

Choosing Cash Back Credit Cards

Many merchants and large department stores offer their customers credit cards with a “cash back” option, hoping that the credit cards will entice their customers to do more of their shopping in their particular store, and charge their purchases with the credit card in order to receive the cash back reward instead of making purchases with cash. The two most common forms of cash back programs either provide cardholders with a credit to their credit card balance when a purchase is made using the card, or the cardholder will receive coupons in the mail to use in the store during the next visit in order to receive a certain amount off their total purchase price. The actual amount of “cash back” reward you receive will depend on the terms and conditions of the program itself, which vary from card to card, as well as the actual amount you charge on the card that offers the cash back incentive. Cash back credit cards are extremely popular with department stores, because the only way a cardholder can benefit from receiving cash back is to make purchases using the credit card in their store.

If you are deciding whether or not a cash back credit card is the best option for your spending habits and credit needs, consider whether or not you are a frequent shopper in any particular department store. If you tend to do a lot of shopping in a store that offers a cash back program, it makes sense for you to obtain their cash back credit card. The trick for using a cash back credit card, which tends to have a higher interest rate than a card without the cash back program, is to make purchases each month on the card that you can pay off on a monthly basis. You may receive the rewards and pay minimal interest on the purchases since you are paying them off on a regular basis.

Not all cash back credit cards are limited to a specific store, however. There are some credit card companies who offer a regular Visa or MasterCard that can be used everywhere credit cards are accepted and who offer cash back reward programs for any spending using the card. If you are a person who does not really shop in one specific store all of the time, you may want to research the credit cards that are not store specific that offer the cash back rewards. Be sure to research the terms and conditions of the card completely before signing up, as many cash back credit cards require you to pay an annual fee, have much higher interest rates than cards without cash back rewards, and in some cases- the credit card may require you to carry a balance from one month to the next in order to receive the cash back benefits, which means that you will probably pay more in interest than you will receive in cash back credit. Try to determine how much money you plan to charge on the credit card throughout the year, and then following the conditions of the cash back program, figure out how much cash back those purchases are likely to earn you. Once you have these numbers, you’ll be able to decide whether or not the annual fee you pay for the cash back credit card is worth the cash back you actually receive. If your annual fee is significantly higher than the amount you estimate you may receive in cash back, you could be better off selecting a credit card with a lower interest rate and no annual fee that does not offer the cash back rewards.

Posted on 16 July 2011 at 06:43 by Anu - Comments

Obtaining a Credit Card – With a Less Than Perfect Credit History

If you have had difficulty keeping up with your bills, you may be rest assured you are not alone. Many people have run into trouble or a shortage of cash flow from time to time that has resulted in the inability to make all of their payments in full and on time. However, just because you don’t have a perfect credit history does not necessarily mean that you will be unable to obtain a credit card. It may not come as a surprise that a person with a low credit score will have more difficulty and less options when trying to get a credit card in their name. However, it is not impossible as creditors do take more than just your credit score into account when deciding whether or not to give you a credit card. The important thing to remember is you do not want to apply for every credit card out there- every time you apply for a credit card, you are further jeopardizing your credit rating. When you have a low credit score and a poor credit history, you need to do your research before you start applying, and only apply for a handful of credit cards that are designed for individuals with a less than perfect credit history to make sure you limit the number of credit inquiries that are placed on your credit report.

When a credit card provider is deciding on whether or not to extend credit to an individual, they take several things into consideration. The credit score is always a factor, as is your overall credit history of how many times you’ve made late payments, how much credit you currently have available to you, and how much debt you currently owe. In addition to these issues, a credit card company will also consider the length of time that the individual has been employed at their current job, and will look favorably on people who have held a steady job with a decent income for a long period of time. If your debt to income ratio is manageable, denoting that you earn enough money to comfortably pay for the amount of debt you currently owe, sometimes a lender may still extend credit even though you have made late payments in the past.

It may be probable that if you are working to improve your credit score for your future, you’re sending as much money as possible to each of your creditors each month as you are trying to pay off your overall debt. Due to this additional money being sent out, there will be less money available to you on a regular basis, and having a credit card can give you some security in the event of an emergency. Credit cards for individuals with poor credit histories will almost always carry a higher interest rate than a traditional credit card, but the benefits of having a credit card for emergencies, or to use as a second form of identification, or even for renting an apartment make having the credit card advantageous over not having the card at all. Some landlords may require that a credit card be on file in the event you are late with your rent payment, so that they have the security of knowing that as a last resort they can obtain the rent by billing your credit card.

The most popular option for people with poor credit histories is to obtain a secured credit card. A secured credit card allows the cardholder to make a cash deposit on the card, and so whenever the card is used, it deducts the amount from the amount of the deposit you made. It is like a bank debit card, but a secured credit card deposit will earn interest, and help earn money when you aren’t spending with the card. In addition, as you invariably make deposits to the card to cover your purchases, you are serving to enhance your overall credit score.

Posted on 15 July 2011 at 10:24 by Anu - Comments

Five Factors to Consider Whilst Selecting a Personal Credit Card

Nowadays many credit card companies offer perks to lure new customers ranging from introductory offers with zero percent interest for transferred balances, Reward Programs offering airline mileage and cash back, and discount programs with select merchants. While these offers may be very enticing, there are five key factors, none of which include perks, which you should consider when choosing a credit card.

FEES

One of the primary factors to consider is the number of fees associated with using the card and the totality of all of them if incurred. Companies may charge a variety of fees with the most common ones being annual, closure, over-the-limit and late fees. Because, not all companies charge the same fees and the level of the fees may also differ, it is important to read all of the fine print and details that accompany any credit card offer.

Annual Fee

An annual fee is a membership or participation fee that is charged for possessing a card.

Closure Fee

Some companies also charge a closure fee when an account is closed.

Over-the-Limit Fee

An over the limit fee is assessed when the sum of your purchases and fees exceed the amount of credit you have available for new charges.

Late Fee

Late fees are charged when payments are past the due date. Some companies assess late fees as early as one day after the payment due date. Late payments may also trigger an increase in your annual percentage rate.

ANNUAL PERCENTAGE RATE

The annual percentage rate (APR) is by far one of the most important, if not the most important factor to consider when selecting a credit card. The APR, which is stated as a yearly rate, is the interest rate applied to outstanding balances. Low rates are preferable since this means you will be paying less to use a credit card. One single credit card can apply a different APR for balance transfers, cash advances and purchases.

CREDIT LIMIT

You should also consider the level of credit that is being offered when selecting a credit card. A credit limit is the amount of money that is available for purchases, cash advances, balance transfers, fees and finances Charges.

SECURED VERSES UNSECURED CARDS

Another factor to consider when selecting a credit card is whether the card is secured or unsecured. Users of secured credit cards pay a deposit to obtain credit. These offers often appeal to two classes of individuals, those who are very young and are having a difficult time establishing credit and those who have blemishes on their credit reports that prevent them from obtaining unsecured credit. The credit limit for secured credit cards is usually determined by the amount of your deposit.

Unsecured credit cards are by far the most widely held cards and tend to have higher credit limits.

GRACE PERIOD

The final factor to consider, the grace period, is the length of time you have to pay your credit card balance in full without accruing interest charges. The ideal card will have a grace period of 25 days or longer. If you carry a balance from month to month you will pay interest regardless of how many days are in a grace period with only new purchases being exempt for 25 days. The grace period is usually not applicable to cash advances and balance transfers.

PERKS AND REWARDS

Perks are not one of the five key factors, but still of great consequence. Many credit card companies offer perks as an incentive to lure new customers and reward loyal ones. Perks may include a Rewards Program that awards you with airline mileage and cash back on your purchases. Some cards also offer discounts at select merchants and credit card registration, which protects you if your card is lost or stolen. Unless you are a frequent user of credit, perks should be the last item you should consider whilst selecting a credit card because the biggest payoffs tend to go to the biggest spenders.

Posted on 14 July 2011 at 11:11 by Anu - Comments

Tips for Choosing a Credit Card

Are you looking for that perfect credit card? If so, you may be confused about what exactly to look for, in order to begin your credit card company comparison.

There are many advantageous credit cards in the market; however, unfortunately, many companies target the young and financially inexperienced, who may not necessarily be erudite or prudent enough to make a wise and informed decision on which credit card will be the most appropriate one for them. Consequently, these individuals who haven’t done their research tend to pick a random credit card, perhaps from the first company who makes them an offer—which may not be the best option for them.

The first thing you should do is determine what your financial needs and goals are with respect to a credit card, and accordingly make a physical list. This way, when you’re looking for that perfect credit card, you’ll know exactly what the credit card must have and you can stay focused on this instead of being sidetracked by superfluous deals and special features.

For example, if you plan to use your credit card for larger purchases that you can’t afford upfront and want to pay off on a long-term basis, the APR, or annual percentage rate—which basically refers to the accumulated interest—will definitely need to be high on your list of considerations. The lower APR you can get, the better—although credit cardholders with no or bad credit will have a harder time being accepted for credit cards with low APRs than those with good credit.

On the other hand, if you decided to use your credit card for emergencies only and plan to pay the balance back in full each month, the annual fee and other possible incurred charges will matter to you more than the APR.

Once you establish what to expect from your credit card, do your research online and through local banks to determine which credit card will be most apt for you and your financial situation. Study the offers that are sent to your mailbox and compare them, specifically looking for the features that you will require the most. Call the different credit card companies themselves and tell them precisely what you’re looking for, and the kind of deals they can offer you. Tell them you’re “in the market for the right credit card” and you’re calling many different companies.

However, if you know you want a credit card but you’re not entirely sure of its efficacy; here are some general factors to take into consideration when comparing credit card companies’ deals and offers.

First, determine where the card is accepted. The broader the range, the better—such as nationally or internationally. Some credit cards are only available regionally or are specific to one store. Also, find out what the interest rate is and whether it is fixed or variable. The APR is also a factor to be considered and may vary for purchases, cash advances and balance transfers. You may also want to note and compare the annual fee (if there is one), penalties and grace periods, and extra features like rewards programs, rebates, protections, other warranties, insurance and discounts, to name a few. You may also need to discover whether these extra features are covered or if they will cost extra.

Principally, concluding on the right credit card involves knowing what you’re looking for, what you think you might be using the credit card for, and the kind of extra features you might be interested in.

Once you have found the credit card with the right features and terms you are comfortable with, call the credit card company to see if the advertisement (whether you’ve found it online or elsewhere, such as a letter or flyer) can verify the information. You might also inquire about any other plans or offers.

The process of searching for and choosing the right credit card for you can be long, daunting and complicated. Nevertheless, if you take the time to do your groundwork, you may be well on your way to getting an extraordinary deal and a credit card you can live with and enjoy.

Posted on 13 July 2011 at 12:34 by Anu - Comments