12 Tips On Picking The Best Credit Card May 1, 2007
Posted by Vedis in : Credit Cards , add a comment
These are quick tips that can help you in choosing the best credit card:
- How much is the annual fee ?
- What is the interest rate and minimum payment charged ?
- How are interest charges calculated?
- When are interest charges levied on purchases and cash advances ? Do they charge from the day you buy the item, or from a certain date every month ? (In other words, if you pay the credit card amount before this date, you get an interest-free loan.)
- What fees are charged for cash advances ?
- Are there any other fees associated with this card ? If so, what are they ?
- What extra benefits do you get ? Some offer a waiver of annual fees, free insurance, or points which can be used to pay the annual fees ?
- What paperwork do they need from you?
- If you don’t have a credit history, will they accept your chequeing and savings account history ?
- If the bank or credit card company asks for a security deposit, what is the interest rate earned on this?
- Does the government insure the deposit account ?
- Can additional deposits be made to increase the credit line ?
