Finance Choices
Best Credit Cards
What is the Best Credit Card for You?
The best credit card for one person is the worst for another so you need to decide how you plan to use the credit card before anything else.
I pay off my bill in total every month
You should look for cards with no annual fee and good cash back rates because the APR doesn't matter if you can ALWAYS pay your bill.
I don't always pay off my monthly bill
You need a low APR because otherwise you'll be paying high amounts of interest. Cards with annual fee's often have a lower APR, so use our calculator to see if paying a annual fee will save you more money on your interest repayments.
I rarely use my card
Cash back rewards won't really help you if you don't use the card that much so look for a card with no annual fee.
I always use my card
Cash back rewards and purchase insurance will benefit you greatly as long as you don't get stung by a high APR.
Summary
So the best credit card for you depends on your ability to plan how you'll use your card then stick to that plan. The money management section with the calculator and budget planner will help you identify which type of card will best suit your needs.
Best credit card offers aren't always easy to find so to get the best deal you?ll need to look around as rates can vary quite drastically from one lender to another. Choosing the right provider can save you hundreds of pounds.
To find the best credit cards visit our credit card comparison page.
The best credit card for one person is the worst for another so you need to decide how you plan to use the credit card before anything else.
I pay off my bill in total every month
You should look for cards with no annual fee and good cash back rates because the APR doesn't matter if you can ALWAYS pay your bill.
I don't always pay off my monthly bill
You need a low APR because otherwise you'll be paying high amounts of interest. Cards with annual fee's often have a lower APR, so use our calculator to see if paying a annual fee will save you more money on your interest repayments.
I rarely use my card
Cash back rewards won't really help you if you don't use the card that much so look for a card with no annual fee.
I always use my card
Cash back rewards and purchase insurance will benefit you greatly as long as you don't get stung by a high APR.
Summary
So the best credit card for you depends on your ability to plan how you'll use your card then stick to that plan. The money management section with the calculator and budget planner will help you identify which type of card will best suit your needs.
Best credit card offers aren't always easy to find so to get the best deal you?ll need to look around as rates can vary quite drastically from one lender to another. Choosing the right provider can save you hundreds of pounds.
To find the best credit cards visit our credit card comparison page.
posted by Barbara Gordon at 4:14 PM
Best Credit Cards
9 Comments:
I use an old shell card. I never pay fees, and always pay off the card. I think I've gotten over 800 in rebates since I got it. However, its a card that I absolutely must pay for each month, because it has double tiered interest rates - so paying it off is great, but it must be paid off.
I know there are great resources online to compare credit cards, but I thought it could be helpful if some of us share opinions on our favorite credit cards. (or even those we would suggest others stay AWAY from). I have two reward cards, and have cancelled my other credit cards. I would hightly recommend these to individuals that do not carry a balance:
(1) AT&T Universal Cash Rewards Card - This card is AWESOME.
- no annual fee
- 5% cash back at gas stations, supermarkets, and drugstores!
(The gas inclusion is HUGE here...gas priced at $2.50/gallon for example, would ultimately cost you $2.38/gallon. Still ridiculous, but better.)
- 1% cash back on all other purchases.
Other: You can only request a cash back check when your balance hits $50. But as we all know...it adds up quickly! Oh, and APR is 12.07%
www.universalcard.com
(2) Discover Card - classic
- no annual fee
- up to 1% cash back on all purchases
- periodic 'specials'. For example, for the months of Sept, Oct, and Nov - members can enjoy 5% cash back on purchases made at restaurants, movie rental stores, and movie theaters. (Some months they've had home improvement stores, theme parks, etc.) This requires a simple sign up in your account center, or call to customer service.
Other: You can request a check or gift card at participating partners once your cash back balance hits $20. Double your earning with select partners, such as Sharper Image and Blockbuster! APR is 15.99%.
www.discovercard.com
What works for me is the Discover (classic) card. It's rebate (1%) is simple and straightforward.
Recently, while shopping for a new credit card, I looked at the cards offering 5% for gas. All these cards offered 5% to start but quickly declined to 1%. I found all the cards offering better than 1% had a lot of stipulations and declining rebates (some going lower than 1%).
There's no single best card. All cards have their plusses and minuses. A multicard strategy is the best. I prefer to use the Citi Dividend card, the GM card, and the NCL mastercard. All my rewards are 3% and up. Good for $300 in cash every year, $3,500 off a GM car every 7 years, and a free cruise for my whole family every 3 years. Not too bad.
I have never owned a credit card before nor ever applied for one but my OH has two and we where hoping for me to open a card in my name, as i have a better credit rating, and then transfer some of his balance over.
What i was wondering is can i get a credit card when i don't work? It seems alot of them ask for income details and i understand why but does this mean i would be unsuccessful in any applications?
I don't work but Barclaycard gave me one in my own right. It was only a low limit about £300 to begin with but they have upped this to £450 now.
Thanks for that moggy, that was the other thing i was a bit worried about, what kind of limit i would get if i did get accepted.
My girlfriend who lives on her own with 3 children, and only recieves benefits paid into her lloyds tsb account. She applied for a credit card (from whom she banks with) and was given a platnium card with £3500 credit limit.
You're right... finding the best credit card is dependent on alot of different factors. Personally, I carry 3 cards-- each of which serves a different purpose.
For my long-term charges, I use the card that has the lowest interest rate. I also carry a back-up card for my long-term charges just in case I'm in a jam.
The 3rd card is a reward card in which I can earn some type of bonus for using the card. Since reward cards usuaully have higher interest rates, I only use this card for purchases I can pay off quickly.
Online Credit Card Applications >>>
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