The reality is that credit cards are not for everyone. While they are easy enough to get and extremely easy to use, some people just do not have the discipline to control their purchases. They cannot make sensible decisions and they simply cannot go one without using their cards.
However, if you are the type of person who is aims to have a source of money when cash is not immediately on hand, it is best that you get a credit card. On the other hand, if you are after the convenience but you do not want to be in debt, then it is better to settle for a debit card instead.
Types Of Cards
If you decided on getting a credit card, be aware that it has two types. One is those cards that have interest-free days and those that do not have interest-free days. Cards with an interest-free period are best if you pay off your balance in full per month and you avoid cash advances.
The no interest free period card work best for individuals who do not pay off their outstanding balance per month. Be aware that people who do not pay their cards off each month are likely to have high interest cards. In short, they pay more that they should.
How is interest charged?
In general, interest is charged from the date of the purchase of items or from the date that your monthly statement is issued. In the case of cash advances, interest is normally charged from the date of the withdrawal. Note that you have to insist seeing a copy of the Conditions of Use before you apply.
All cards have several fees. However, these fees will depend on how you use your card. The most commonly charged fees are the following
-Fees for reward programs
-Late payment fees
-Fees for exceeding credit limit
-Payment dishonour fees.
All fees most be disclosed properly. Many lenders tend to publish their fees and charges in booklets and on websites. As long as the terms and conditions for the card give the lenders the right to increase the current fees and/or impose new ones, there is nothing you can do about it. However, you do have the option to switch to a different card or shop around online to get the best credit card offers. The best way to get the best offers is by comparing different cards.
Credit Card Comparison
These days, getting the best credit card offers is much easier, thanks to the internet. When looking for the best cards for your needs, it is essential that you use credit card comparison sites. Comparison sites are websites that gather different information regarding all the types of cards available on the market today. All you need to do to start shopping around is to read all the facts about cards, comparing them with one another and then selecting which are the the most suitable for you in the group.
That said, make sure that you are only using the most reputable comparison site, one that can provide you with everything you need to know to get the best card offers out on the market today. Go for comparison sites that have a long history of quality service and accurate information such as The Credit Card Guide. Simply browse through different credit cards, compare the information side by side and select the best among your chosen card.