Best Reward Credit Cards Offer Smart Choices
When comparing the best reward credit cards, it makes sense to investigate everything, including the Annual Percentage Rate (APR) as well as any reward features that the card may offer. Potential cardholders should take into account the manner in which they handle their credit purchases. For instance, if the cardholder intends to make a large purchase using a credit card but plans to pay for the charge over the course of several months, then a low interest credit card will be a better financial choice over a reward credit card. If a cardholder plans on repaying the charge immediately (even if the card features a higher interest rate), reward credit cards might be a better choice simply because the interest rate will have no financial impact and will almost always provide a greater range of rewards than a lower interest card.
If it is your intent to take advantage of a reward credit card that features a 0% balance transfer offer, it might make sense to choose a card that offers 0% on purchases as well, if at all possible. The reason this may be an appropriate step is that when you take advantage of the 0% balance transfer card offer, many times the APR on purchases will be significantly higher comparable to other card offers. So if you make a purchase using that credit card during the life of the balance transfer your new purchases will be subject to significant finance charges until the purchases are paid off. This can result in significant interest charges before you can begin paying on the newly purchased item. If you are unable to locate a reward credit card with a competitively low ongoing APR, it would make sense to obtain a secondary card for new purchases with a low interest rate, which would make the card balances more cost effective and easier to manage over time. The ideal scenario for cardholders would be to use a card with a 0% balance transfer offer that extends to new purchases during the introductory period.
While researching card offers, you may notice that reward credit cards typically have a higher interest rate and in many cases require an annual fee. These fees and finance charges are used by the card issuers to help finance the rewards program that cardholders participate in. But if you are disciplined enough to pay off your credit card each month, the value of your rewards should dramatically exceed the cost of interest charges and fees that you might otherwise pay the card issuer. While credit card companies are well aware of that premise, they also know that the majority of our "spend-now-pay-later" oriented society will most likely not utilize the card in this manner.
By shopping for the best reward credit cards online, you have a fantastic opportunity to comprehensively evaluate offers, their benefits and their associated fees and potential finance charges. A thorough approach the card offer research will help determine which card provides the greatest benefit as well as long-term savings for your particular situation.
In short, if you are paying for purchases over a long period consider a lower interest card. If you pay back quickly, consider more of a rewards component in your search for the very best reward credit cards.
Build Your Credit History with Student Credit Cards
Nowadays almost all people, including students, have credit cards. Everyone knows that people have to grow up sooner or later and credit cards for students can provide young people with invaluable lessons in the world of finance. Young people who have student credit cards should know how to manage their finances as soon as possible. For the first time, young people with student plastics can be responsible for their spending and their bills.
There is no doubt that student credit card deals can help young people in building good credit history which they will need in the future if they want to apply for best credit cards.
While some young people manage to use their student plastics wisely and build credit history, others get into debt. Student credit cards can help you to solve some financial problems during your college years. But they can be also disastrous to your bank account, credit report and your ability to get the best plastics in the future.
Student plastics can be a good way of teaching young people how to become responsible for handling money. By wisely using credit cards, students will be able to build credit history and get benefits from obtaining these cards. On the other hand, plastics for students can cause lots of debt that may follow students after graduation from college or university. Young people should realize that their future financial life depends on actions they take during college years. So, students should learn how to manage their finances.
In fact, nowadays students can obtain a student plastic without much difficulty even if they don't have a stable source of income. This kind of credit cards is created exactly for building credit history, so students with no or bad credit history can get these cards.
Nowadays there are many different banks and credit card companies that provide young people with a wide choice of student plastics. Students are considered to be the most desirable customers for banks and credit card companies. The fact is that many students can't pay off their debts on time. As a result, banks and credit companies take advantage of this fact. They can make a lot of money by charging different annual fees, fees on unpaid credit card balances and late payment penalties.
It goes without saying that choosing a student plastic is an important decision that will influence the financial part of your life in the future. Thus, it's not so easy to make the right choice among a variety of student credit card offers.
Such plastics can offer various benefits, such as no annual fee, 0% APR and different rewards. In case you want to benefit from all the rewards a student credit card can offer you, compare the best credit cards to make the right choice.
You should remember that a student credit card is not free money. It is a debt and you will have to pay it off.
Thus, student credit cards can be an invaluable tool for young people. Use your plastics wisely, make your payments on time and you will build good credit history.