So, have you been feeling bombarded by all those credit card options out there? Finding that perfect credit card that really fits your wallet is not an easy task, right? In this article, we're delving into the details of those 'true card' reviews to make your search for the right credit card easier and to help you make better choices.
1. Understanding Credit Card APRs
2. Deciphering Reward Programs
5. Researching Customer Service
1. Understanding Credit Card APRs
Alright, the main issue when it comes to credit cards is the interest rate per year (APR). That's the interest rate you'll pay for your acquisitions, cash advances, or when you balance transfer.
As a financial advisor, I've walked many clients through the complexity of APRs. By knowing how different rates can affect your finances, you can make better choices. For example, if you choose a lower rate of interest rate, it can save you considerable amount in rate of interest in the long run.
2. Deciphering Reward Programs
Reward programs are like the additional benefit for most people who use credit cards. But hey, not all rewards are the same story.
I've spent a lot of time breaking down cash return, rewards points, and miles for clients. You got to determine if the rewards are good for you based on how you spend and how you plan to redeem them. If you're a frequent traveler, for instance, a card that gives you high value in miles rewards can be a good choice.
3. Analyzing Annual Fees
Yearly charges can be a deterrent for some, but others see them as justified expense. My team and I have had plenty of discussions about the pros and cons of those yearly charges on luxury credit cards. You got to think about what you're getting back, like entry into lounges, insurance for travel, or a large sign-up incentive.
4. Evaluating Card Security
Security has to be your primary choice when it comes to credit cards. As a financial counselor, I've stressed to customers the significance of fraud warnings, zero-liability policies, and the EMV chip feature. Having a credit card provider that offers robust security can keep your info safe and your funds from being stolen.
5. Researching Customer Service
When you run into trouble, getting some good client support can make all the difference. We've got a high praise for our client support in the economic realm. An provider with a reputation for swift and supportive client support can change your overall experience.