Wednesday, November 29, 2006

Perks From Credit Cards

These days abundance of credit card choices is available in the market. They offer perks in a variety of ways. And they all come with the inevitable fine print detailing innumerable restrictions, making it difficult to figure out which is the best deal.

Assessing which card is the best deal is no mean deed but, after you narrow your choices based on your consumer tendencies. To choose, you need to assess your charging habits - and know what your ultimate goal is.

Here are the tips which will help you in getting the right card for yourself.
1. Your first choice is whether you want to earn points for a particular goal, such as an airline ticket, or get cash back.
2. To choose among the offers, you need to assess your buying habits and then go to one of the comparison.

3. If you like traveling then a branded card may be a good buy offering you miles reward such as The Capital One card charges no annual fee, works on most airlines with no blackout dates.

4. Those who want more freedom should consider a card with rewards that are good at a variety of companies or a cash-back card. The cash-back card may give you the same, fewer or more benefits.

5. Pay your balance dues. No matter which card you choose, it's important to pay off the balance every month.
To enjoy the rewards pay off your balance each and every month.

6. Limit yourself to two, since opening too many credit lines may hurt your credit rating.

7. Be sure to compare interest rates.

8. Check rebate caps. Some cards limit the benefit, either with a cap on miles or points or on cash back.

9. Compare annual fees. Look for no-fee cards.

10. Look for a reward program without expiration dates.

11. Look at short-term offers. Some offers are only good for an introductory period.


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