LONDON – When you have a credit card, you instantly start feeling important. It’s like the little piece almost immediately makes you feel rich. The next thing you realize is that you tend to fall for all those offers that come in your way, and end up in debt before you know it. That is when the whole excitement of having a credit card almost vanishes.
To avoid this, there is something you can do. You must choose the offers that are most suitable for you. Here is how you can select the best credit card offers:
Consider your buying habits
If you are a shopaholic, you must consider that when choosing a credit card offer. When you are a regular shopper, some cards will offer rewards. For every purchase you make using your credit card, it will offer you rewards such as flat discounts on certain stores. This means that instead of gaining points for every purchase, you are offered discounts, making your shopping experience even better.
You must also think about your regular purchases, that is what you usually buy. For example, if you are a regular buyer of a particular thing, you must go for a credit card that specializes in giving offers in that particular domain. This is how you will be able to get your hands on the best credit card offers.
A lot of credit card companies are also affiliated with particular stores or businesses sometimes. This means that when you purchase at the store, you will be given rewards or discounts for using the credit card of that company. If you are a regular shopper at a particular store, look for the credit card companies that provide best credit card offers for that store.
Your credit history
Your credit rating and history are important when choosing best credit card offers. Your annual credit report will decide your overall score and what you owe to the lenders. If your rating is good, then it is a piece of cake to get an offer with the lowest rating and almost no yearly fee. However, if it is not, you will have to go for the credit cards with slightly higher interest rates, a higher annual fee, and sometimes you might also be charged an additional fee.
How you manage your payments also influences the credit card offers that you can enjoy. If you are habitual of having a low card balance, or you usually make your payments ahead of time, the best credit card offers will be the ones that offer flexible payment methods, giving you a room of 30 days to make your payments, and will also not charge you any interest in a given time.
There are also a few creditors which allow you to use your card without any interest if you are willing to pay off within some months or a year. You can go for these if you are habitual of making your payments in a short time, but not within a month.