How to Choose the Right Credit Card and Live Happily Ever After

Normally, when you sign up for a credit card, it is expected that you will continue to use it for a very long time unless there are any unanticipated problems along the way.

Indeed, according to Creditcards.com, nothing less than 25 million Americans have had the same card for more than 10 years while another 20 million have never fallen out of love with their favorite card. Unfortunately, there is a bewildering assortment of credit cards available, each designed to suit the different needs of the subscribers making the selection of an ideal card more than a little tough.

Find Out Why You Need a Credit Card

The credit card market has exploded with card issuers making available a very large number of credit cards, all with different terms and conditions, annual fees, rewards points programs, benefits, and perks to suit every conceivable user profile. By analyzing your card spending habits, you will know which card is the best for you. If you want to use it for your monthly groceries and living expenses, there will be cards that give you the maximum cashback with no annual fee while if you are a frequent traveler, you will be better off with a card with liberal mileage points and travel perks. Consult the latest PFA Editor Review online to find out more about the different benefits offered by different credit cards. Some of the most important factors in choosing a credit card that you can keep using for many years:

Annual Fee

There are plenty of cards that do not charge annual fees while many of the premium cards charge fees that are quite steep. However, they often soften the blow by giving very attractive perks and waivers. Many a time, the signup bonus itself given for using the card for a specific amount with a mentioned period is more than enough to compensate for the annual fee. However, if you think that you will not be using the card enough to justify the annual fee; other things can impact your decision.

Rewards Program 

While the baseline for most cards is one point for every dollar charged to the card, many cards give more points for specific activities like shopping, travel, dining, etc. If you are a frequent traveler, you will do well to choose a card that gives you more points for using the card to buy plane tickets, making hotel or timeshare reservations, dining, renting a car, incurring tour expenses, etc. however, if you want a card for buying groceries and gas, choose a card that has a reward program structure favoring cashback and enhanced reward points on shopping. Alternatively, if there are no particular uses that the card is swiped more, you will do well with a card that has a uniform reward point structure.

Conclusion 

Since every credit card affiliated with the major payment networks will have universal acceptance, users will need to select a card based on the benefits and perks they get. The point is to be clear on what you want and go ahead with a card that offers you the best terms.

Author Bio –

Kristen Smith is a blogger and content writer who write many articles on Social Media and Technology. She enjoys reading a new thing on the internet. She spends a lot of time on social media.

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