Making Sure You Get a Good Deal on Your Credit Card

| Posted: 06-08-2007 | Comments: 0 | Views: 6 | Rating: (50)

(?)

An increasing number of consumers are becoming reliant on their credit cards these days, and there are some very good deals available. However, industry professionals are warning consumers to make sure that they read the small print in order to ensure that the credit card they are using offers good value for money and is well suited to their needs and circumstances. The aim of credit card companies is, of course, to make a profit, and there are a number of strategies that they use in order to make money from consumers.

One thing to look out for with credit cards is costly annual fees, which can vary quite dramatically from one card issuer to another, and can work out very costly in some cases. Many cards do not charge an annual fee, so finding a suitable card on which annual fees are not charged should not be too difficult. Another thing to watch out for is the interest rate that is charged, as again this can vary quite significantly and can make a big difference to the total amount that you repay.

The best policy when using a credit card it to only use it for convenience and pay it off in full every month. This means only buying things on your credit card when you actually have the money to pay for it. If you do this, your credit card shipping outlook changes completely. Instead of worrying about getting a low interest rate, you get to find out which credit cards offer the best rewards. Since you intend to pay your balance off in full every month, you will never be paying any interest. Another benefit of only using your credit card when you have the money to back it up is that you will never get yourself into debt and you won't be throwing money away on interest payments.

Credit cards charge quite hefty fees for cash transactions and withdrawals, and this is something that you need to bear in mind if you plan to use your card to make this sort of transaction. You could really bump up your balance by using your card to make cash withdrawals and transactions, so wherever possible use your credit card to make purchases rather than withdrawals. Another factor to consider is the charge that the credit card applies for late payments or for exceeding your limit. Many people inadvertently go over their credit limit or make late payments now and again, and credit cards will usually slap a hefty penalty fee onto your balance for doing this.

Rate this Article:

Current: 0 / 5 stars - 0 vote(s).

Article Tags: Credit Card, Credit Cards, Credit, Credit Card Tips, Credit Card Deals

Article Source: http://www.articlesbase.com/finance-articles/making-sure-you-get-a-good-deal-on-your-credit-card-194478.html

Print article

Send to friend

Publish this Article

Author feedback

About the Author:

For more articles, check out PrsnlFinance.com to find a wide range of personal finance topics such as debt, credit, insurance, banking, and more.

Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Add new Comment

What Are Bank Secured Credit Cards?
By: Matthew Meyer | 02/11/2006 | Finance
What exactly are bank secured credit cards?

How to Compare Credit Card Offers
By: Matthew Meyer | 02/11/2006 | Finance
Credit card offers. What should you consider

The Fundamentals of Credit Card Debt
By: Matthew Meyer | 02/11/2006 | Finance
What is credit card debt? How should you deal with it?

Credit Cards and Credit Card Reports
By: Matthew Meyer | 02/11/2006 | Finance
An explanation of how your credit report relates to your credit cards

Credit Cards Which Give Cash Rebates
By: Matthew Meyer | 04/11/2006 | Finance
Cash rebate type credit cards. Are they worth it?

How to Avoid Getting Late Fees With your Credit Card
By: Matthew Meyer | 04/11/2006 | Finance
How not to get late fees with your credit card

How to Protect your Personal Credit Card Information
By: Matthew Meyer | 06/11/2006 | Finance
How to protect your personal information when applying for credit cards

Should Students Get Credit Cards?
By: Matthew Meyer | 06/11/2006 | Finance
The pros and cons of students and credit cards

Got a Question? Ask.

Ask the community a question about this article:

Frequently Asked Questions

Credit repair
By: choice123 | 15-10-2007
what laws and statuets protect someone in the state of georgia / in repairing credit for others.??

If i take 500 and above points means whats the ...
By: arun.fpg | 28-09-2007
if i take 500 and above points means whats the benefit for me

Credit cards responce
By: linakex | 26-09-2007
responcewhat is the responce (%) to sell medical insurance program through credit cards direct mail - ecxisting clients

Borrowing/spending £5k
By: 9527faye | 16-08-2007
Hi i need to borrow about £5k and people keep on telling me to ge an interest free credit card and just change it every year - can you tell me how this works and will i pay any fee/charges

I have an outstanding payday loan and my job was ...
By: jazzie | 09-08-2007
i have an outstanding payday loan and my job was called and then someone called said they was an officer and left a message and said that i am a fraud and the police was coming to arrest me for fraudulent activities and then i called them and they said that a case being filed against me for fraud and that a case is pending now i am in jepeorday of loosing my job can they do this

Credit for answers
By: Oron | 05-08-2007
Does the ratio of "thumbs up" to the toal number of answers have any meaning ?. Sometimes it is frustrating: One spends time and afforts to give a good detaled answer and is not acknoledged even by 1 "thumb up"..... Does it mean anything about the answer ? What is the average ratio of "thumbs up" vs "Toalt no of questions" being asked ? Should Yedda encourage 2B more generous 2 credit "thumb up" ? (that is the only reward at Yedda). Should Yedda analyse each answer and credit each answer with a "Thumb up" as Yedda considers its value).

Q&A Powered by:

Latest Finance Articles

Overseas Property Buyers Loving the Credit Crunch
By: Nicholas Marr | 06/09/2008
International real estate industry has been bracing itself for the global slowdown but as author Niocholas Marr explains for some this is the nest time to make that purchase of an overseas property

Net Operating Income and Real Estate Analysis
By: James Kobzeff | 06/09/2008
Discover the various ways net operating income gets used in real estate investing and learn how each is calculated.

Financial Security Planning in Uncertain Job Climates
By: Marilyn Katz | 06/09/2008
Nobody can predict every possible emergency or financial problem, but every can do their best to plan for the unexpected.

3 Things You Need to Know About Secured Credit Cards
By: Sean Masterson | 06/09/2008
Think you understand the ins and the outs of secured credit cards? There's actually quite a few misconceptions that many have about these particular financial tools. If you want to make an informed credit card decision when choosing a secured card, there are three things you absolutely must know.

Stock Market Volatility Helps In Making Money Using Stocks
By: Amit Kheterpal | 05/09/2008
Anyone who has ever ventured into the stock market would have gotten to know by now that the index can go up and down on any given date. That gyration can actually help you make good returns on the stock market.

Tips On How To Diversify Your Risk In The Stock Market
By: Amit Kheterpal | 05/09/2008
Stock market is not for the faint hearted they say. That is definitely correct and a lot of people who join the stock market bandwagon hearing stories about loads of money to be made usually are the ones who burn their fingers in the stock market very easily.

Making the Most of Your Business Banking Relationship
By: Ann Knapp | 05/09/2008
Anyone who owns a business can appreciate the need for a bank account to handle bill paying, deposits and payroll. But banks can assist business owners in so many other ways as well. In fact, having a reliable financial partner can help a business reach its greatest potential, as well as provide support during times of financial need.

10 Sound Budgeting Tips to Ensure Financial Freedom
By: Michael New Jr. | 05/09/2008
Here are 10 sound budgeting tips that will surely get you on the right track again. If you're in trouble with debt, this article is a must read!

Article Categories

Article Marketing

Article Notepad

Stop Duplicate Content

Term Papers

Follow ArticlesBase at http://twitter.com

Need Help?

Sign up for our email newsletter

Receive updates, enter your email below

Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (2.40, 16)

Making Sure You Get a Good Deal on Your Credit Card

Article Comments

Related Articles

Got a Question? Ask.

Latest Finance Articles

Need Help?

Site Links

Webmasters

Business Info

Sign up for our email newsletter