What Does The Best Credit Card Look Like?

What is the best credit card? Is it an elusive story book that doesn't exist or is it a tangible item that you could eventually obtain?

Believe it or not, the very best credit card is definitely out there, but one person's best charge card is yet another man's nightmare.

Listed here are seven inquiries to assist you in finding the very best charge card for you.

1. Would you Hate an account balance?

If you pay balance off entirely every month and you dislike the idea of accruing interest, a rewards credit card is probably the best credit card for you personally. After all, you don't pay interest anyway so a low-interest credit card isn't going to do you any good.

You might too 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?

Should you carry large amounts of debt in your credit cards, a low interest credit card will be the best charge card for you. Rather than paying more for rewards (that don't pay for themselves, regardless of what they tell you) payable much less in interest and will also be capable of getting your balances paid of faster.

3. Are You Planning To Make a Large Purchase?

Have to buy a stove, fridge, television or other big-ticket item? Then you will want a credit card having a low introductory APR. Should you just have six months to pay off a large purchase, a credit card offering an intro APR of 0-percent for 6 months is the best credit card for you.

4. Do You Travel Frequently?

Are you a jet-setter? Do you prefer to travel the planet? If that's the case, the very best charge card for you will be a travel rewards card. Actually, some travel rewards cards even allow you to double dip.

Exactly what does this mean? Certain charge cards not just offer you miles for that purchases you make, but also allow you extra points for every dollar spent, which may be employed for room upgrades at hotels along with other travel perks.

5. Do You Believe in Charity?

If you want contributing to charities, you may be surprised to find out that you have a credit card out there especially for you. While some cards offer rewards, others will donate 1 to 2 percent of the amounts you charge to a specified charity.

While prepaid credit cards also provide higher interest rates than the low-interest charge cards, should you pay your balances entirely every month they're a terrific way to perform some good without having to spend anything from your pocket, making them the best credit card for you personally.

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 charge card does need a security deposit (serving as a checking account for you personally), it's a fantastic way to rebuild your credit report and enhance your creditworthiness in the eyes of lenders.

7. Are You All About Appearances?

Have you been the type of person nobody doesn't care about interest rates, but you definitely want perks and also you desire to be recognized as the upper-class, respectable individual you're?

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

As you can tell, the very best charge card for one person isn't just the very best credit card for everyone. Once you have answered the above questions, search for an offer that matches the best charge card for you.