Tips For Choosing The Best Credit Card
1. How Do You Intend To Use The Credit Check?
It is important to know what you intend to use the card for. Whether it's just for high-value purchases, everyday purchases, or just situations where you don't have cash. Regardless of the answer, the credit check is always a great form of payment. However, it is important that you pay the full invoice every month until the due date. Read More Here
If you believe that you may need to delay invoices or think that you can spend more than you can honor, the card is definitely not the best financial product for you. The interest charged on cards are among the highest on the market and vary widely among banks. If you still choose to apply for a credit card, search for the ones that offer the cheapest (or least expensive) interest rates.
2- Which Loyalty Programs Are Most Interesting To You?
Most credit cards offer some form of incentive for the customer to spend as much as possible. You can earn miles or points for travel, gas station discounts, discount on home appliance purchases, invoice credits and many more. It is interesting to know which prize will be most useful to you.
If you like to travel (who doesn't?), The most interesting thing is to accumulate points to travel for free. Depending on the card, you can earn points in bank loyalty programs or they can be credited directly to your preferred mileage program. In both cases, points can be redeemed for travel, car rentals, hotels and other products.
If you have a high cost of fuel (as with application drivers, for example), you can consider a card that has a partnership with a gas station loyalty program. These programs can offer discounts on fuel or maintenance on your car.
There are many reward options offered by the cards. It can be said that some are more valuable than others, but the important thing is that you choose the one that is most attractive to you. But if you don't identify with any of the loyalty programs offered, there are also credit cards that offer cash back, that is, credit on the invoice to reduce the cost of your purchases.
3- Which benefits are interesting to you?
Many cards offer benefits even before you start accumulating points. Airline cards, for example, offer advantages such as baggage drop-off , boarding priority and even access to VIP lounges:
Others, on the other hand, may offer more exclusive benefits such as airport transfers and even an international chip to use when traveling abroad.
It is true that most benefits are related to travel, but depending on the card's banner, other advantages may be included. Some examples are extended original warranty and price protection for products purchased with the card.
If you buy a lot in department stores, for example, that card that the employee offers you so insistently can be interesting. These cards generally have no annual fee, offer better payment options and exclusive discounts.
4 - How To Escape The Annuity?
Most cards come with an annual fee. What many do not know is that it is often possible to escape this charge ! Some cards offer free annual membership fees, others establish conditions so that you are not charged for the fee.
If you are interested in a card that offers benefits like those mentioned in the previous item, it is very likely that this card will cover annuity. The most basic cards charge from R $ 200 and the value can reach R $ 1,500 for the most exclusive. Fortunately, many banks offer discount opportunities or even exemption from charges depending on expenses or relationship with the institution. Check out tips for negotiating the annuity .
It is important that, when applying for the card, you are aware of the amount of the annuity and are able to pay it if you do not get an exemption in the first year or do not meet the requirements to obtain any discount. Otherwise, it is better to opt for a card with a more affordable annuity or one that offers free annuity according to the amount spent!
5- Which Flag To Choose?
Today we have several flags available on the market. The main ones are Mastercard, Visa, American Express and ELO. Although card drafts accept more than one flag, it may happen that a flag is not accepted at any establishment.
Some flags are globally recognized and accepted in almost all establishments around the world. Others are accepted only in Brazil or depend on agreements with international brands to be accepted abroad. If you intend to use your card for international purchases, consider a flag that has greater international acceptance such as Mastercard or Visa.
With the exception of acceptance, the flags work very similarly. All allow online and in-person purchases, allow installment purchases and, with the exception of American Express, offer credit and debit functions on one card.
6- Consider The Bank Where You Are Already A Customer
If you are already a customer of a bank, whether with a checking or savings account, check the card portfolio it offers. It is likely that your debit card could become a multiple card with credit and debit functions and you are not aware of it.
Even if your bank doesn't offer you a good credit card right away, it can serve as a gateway for you to start using the product. Keeping a good relationship with the card, it will generate positive points for your credit check score that will facilitate the ordering of other cards in the future.