Credit cards are a great tool that many people use to achieve financial stability. With that said, chances are that you are reading this article searching for tips on finding your next charge card. Well, I’ve got some great tips for you. Although, most consumers know about credit card accounts and even have one in their wallets or pocket books, the unfortunate reality is that most consumers don’t know what to look for when it comes to comparing charge card account offers. Here are a few tips that should help you along your way to finding the best credit card offer for you!

Tip 1: Compare credit card APRs: Most Americans are aware of the fact that the primary fee associated with credit cards is the annual percentage rates that are charged. There are a few different types of annual percentage rates such as the purchase annual percentage rate, cash advance interest rate, balance transfer APR, promotional APR and the default interest rate. Each annual percentage rate is charged to a different portion of the balance. The portion of the balance that an interest rate is charged to directly reflects balances accumulated under that annual percentage rate category. For instance, when consumers fill their car up with gas, this purchase will be charged the purchase interest rate. However, when consumers send a wire money transfer to their checking account, the balance will be charged the cash advance interest rate.

Tip 2: Compare charge card fees: Although credit card annual percentage rates are indeed the primary source of fees associated with charge cards, they are not the only fee that consumers will be charged. As a matter of fact, charge cards come with all types of fees that can range from annual fees to foreign transaction, balance transfer and return check fees. To ensure that Americans know what they are applying for, it is important that when consumers compare charge cards, they read the rates and fees section of the terms and conditions to ensure that they pay the lowest amount of cash!

Tip 3: Compare credit card rewards: Due to the overwhelming amount of competition in the credit card account industry, credit card account rewards were born. Lenders have created credit card account rewards programs that allow Americans to earn points with each purchase. These points can be accumulated and later redeemed for great perks like cash back, gift cards and free air fare. When Americans compare charge cards, it is important to remember that rewards play a factor in the cost of a charge card account. Therefore, it makes no sense to choose a charge card account that offers a rewards program that people wont use. For instance, if people find that they are afraid of flight, there is no point in these Americans applying for a skymiles charge card because they will never use the skymiles to get free airfare!

I hope that this article has helped to give you everything you need to be ready to compare charge card accounts. Please come back to read more of my articles soon!

This article is brought to you by:
JEMCreditCards.com: Skymiles Credit Cards | Compare Credit Card Offers


Sponsored Links

About Author

Author:

This author has published 28 articles so far. More info about the author is coming soon.