Of course we all want the very best credit card rate but sometimes, what we see is not always what we’re getting. Comparing credit card offers can be really confusing; especially when you include extra features like rewards, cash back or balance transfers.
Whenever someone is searching for a new credit card I always encourage them to get crystal clear on what features are most important. Making a list is a great way to start. If you want the opportunity to earn reward points on your purchases then you might be looking at a higher rate but, as long as you pay your entire balance off each month, the rate isn’t nearly as important. On the other hand, if you already have a high-interest balance and you’re interested in a balance transfer card, you’ll want to make certain you know the introductory rate and term as well as the regular rate. With these types of cards you’ll also want to take note of whether the rate applies to purchases only or purchases and transfers. Generally these cards will charge an even higher rate for cash advances. And, maybe the very best advise is to take your time. The compare cards online comparison tool can help identify all of the cards that fit your criteria but once you have them side-by-side, you’ll want to make certain you review all of the details before you choose.
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