PRIME CREDIT CARDS
How will you use your credit card?
The first step in choosing a credit card is deciding how you will use it.
- If you expect to always pay your monthly bill in full--and other features such as frequent flyer miles don’t interest you--your best choice may be a card that has no annual fee and offers a longer grace period.
- If you sometimes carry over a balance from month to month, you may be more interested in a card that carries a lower interest rate.
- If you expect to use your card to get cash advances, you’ll want to look for a card that carries a lower APR and lower fees on cash advances. Some cards charge a higher APR for cash advances than for purchases.
The credit card industry is very competitive and issuers
are constantly challenged to come up with new, attractive,
consumer oriented products. This competition works to your
advantage. If you are willing to spend even a little
time analyzing and comparing the many different credit card
offerings
chances are you will find a credit card that
matches your particular needs. |