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    Sunday, 27 August 2017 13:37

    How to Find the Best Credit Card Deal

    If you’re looking for a credit card, chances are you already know there are lots of them around. And we do mean lots.

    So, how can you tell which one is best for you? Firstly, you should know what you intend to use your credit card for. For example, if you are looking to switch an existing balance to a new card, you should look for one that offers you an interest-free period on existing balances. That means looking for a card with the longest interest-free period available, and hopefully no charges, either.

    Conversely, if you want to use it to make payments each month, but you then want to clear it in full before the payment date, look for one that has bonuses attached. This could mean points, AirMiles, shopping vouchers… you name it. Look for bonuses you know you will use and enjoy. That’s the best way to get something from the credit card deal.

    Exploring different deals

    It is also important to compare as many deals as you can. Interest rates can vary, as can the bonuses that come with the cards. Some cards don’t offer any bonuses or perks at all. Not all cards have balance transfer offers, either. Don’t jump at the first offer you see – that’s the message here. If you do, you could end up missing out on something better.

    Comparing cards online is the best and fastest way to look at everything that is available. Remember, while most card companies display their offers on price comparison sites, it doesn’t apply to all of them. If there are any notable companies missing, follow those up separately and compare their offers to the ones you have already found.

    Why get a card?

    You should also question why you want a credit card to begin with. If you are looking for an interest-free period on a balance transfer, perhaps to help you get rid of an existing debt more quickly without paying interest, that’s a great reason. However, if you know you find it difficult to avoid impulse buys, and you just want a card to make paying for things easier, it may be better to avoid getting one. Only you know whether you can trust yourself, and if getting a credit card would be the right option.

    Having a credit card can work in your favour when it comes to your credit history, too. If you don’t yet have one, or you want to boost a poor rating, getting a credit card and using it can help. Just make sure you pay off the entire balance on or before the due date each month. In doing so, you will help to boost your credit rating – and that could pay dividends in the future.

    So, while there are lots of credit card deals out there, you must first make sure you know why you want a card. In doing so, you’ll find it a lot easier to get the right one.

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