Other Things To Consider:

What is the best credit card for you? Consider the interest rate, the annual fees, and the programs offered. Here are some other things to consider when selecting your credit card:

1. Membership benefits such as travel insurance and baggage protection while traveling.
2. Type of credit needed for approval
3. Cash back promotions
4. Online account access and bill payment services
5. Rewards or points systems
6. Unauthorized spending protection
7. Savings at the pump
8. Length of low or 0% apr rate

Questions to ask yourself when applying:

Are special offers relevant to me? – Many credit cards offer special rebates, support for a specific organization or other member benefits for using their credit cards. Decide if this is important to you when choosing your card.

Why do I need a credit card? – Maybe you need one credit card with a special interest rate to transfer balances from multiple accounts or perhaps you need a card specifically for business purposes.

How much credit will I need? – If the credit card is for business purposes, maybe you need a card with very high or no spending limits. On the other hand, if this is your first card and you are trying to build credit or just want the card for emergencies, then a more modest spending limit may be the better route to go.

How do I want to pay back my charges? – Decide if you want to pay off the entire balance each month or just a portion over each month. Some cards offer advantages for both paying structures.

Next up - Credit Card User Tips

Return to the Transfer Tips Main Page

Return to the Balance Transfers Cafe Home Page