How To Choose The Right Credit Card
Monday, January 27, 2014, 1:00 AM | Leave Comment
Credit cards have become a rage in recent times. People always become green-eyed when they see others money bag packed with different types of credit cards.
They feel morally down but don’t worry as all men are equal. Now you too have the option of getting that purse bursting out with credit cards.
It is easy and simple to acquire but the question is to get hold of the right kind especially if you are a beginner and above all not a minor with a comparatively regular income flow.
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Important Tips For the First Timers
There are many ways to choose the right credit card. Nobody is an expert but with the websites offering the reviews of the various banks issuing the credit cards, one can easily educate himself in getting the best by making a proper comparison.
There are various banks issuing credit cards and all of them are similar in shape and style but are quite different with the interest rates and modes of payments.
The days of grace are also varied in nature as it gives the user certain liberty to repay the amount due to him. The features and the terms and conditions should also be verified before making the right move.
For the first timers, the best option to get the right credit card is from the bank in which he is an account holder as the bank representatives can give the desired information and also answer to all the queries.
The same is also applicable to the representatives of the other banks whether private or government but be sure of getting all the information and the rules and norms.
There are certain credit cards which have a high initial and fee set up and the customer is unknowingly charged without making any purchase. Hence it is better to avoid them.
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Options too many
There are some websites which give the customer the freedom to go online and apply for a credit card. Choose the bank according to your choice and hit the button.
A representative will be there with all the details of the credit card applied for. Not much legal requirements are necessary and after completion and submitting all the requirements, the customer will receive the card either by mail or in person.
Going through the brochures with the terms and conditions along with the interest and service charges are mandatory before using the card for the first time.
The billing statement is usually within 30 days and the payments can be done within that period to avoid unnecessary interest charges.
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Availability
There are some credit cards that can be availed for free as they are part of the marketing strategy of some banks to attract more customers. The cards are basically of two types – MasterCard and Visa cards.
One important thing to be kept in mind before choosing a card is whether it is accepted globally or not and whether it is applicable for any type of purchase.
Make a smart move and get the best credit card prevailing in the market and enjoy the benefits.
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Daniel is a graduate student in finance and business. He loves writing about his passions whenever he is free, on his blog. You may check out his recent post about the need of bad credit repair which is a good help for those who are seeking the help.
