The decision to apply for a new credit card can be prompted by a large variety of reasons, including, but not limited to, the need to save on what you are spending. While, at face value and first glance, this may appear to be a contradiction in terms, this is definitely not the case. With a bit of insight and some tips in the right direction, you, too can end up saving money on your credit card usage. How so? It’s quite simple – all you need to do is make sure you’re applying for credit with a financially sound institution, which can offer you bonuses and advantages suited to your credit card score and standing. For the informative purposes of this article we analyzed a wide range of credit cards, did a bit of research on Business Café, and laid down on paper the perks this provider will offer its clients. The advantages they offer range far beyond good purchase rates (although they don’t exclude them). As such, if you want to learn more on what to expect from a good credit card, read on and get educated!
Got High Purchase Rates?
A good credit card will always offer you an ongoing per annum purchase rate that is below the current sector average. If you want to work out that average, for your particular segment of the credit market, forget about reading tedious financial and banking world reports. Simply access one of the very many credit card comparison tools available online. Select a few credit cards whose purchase rates would put you at an advantage, and only then go on looking at their other specifications. While purchase rates are always variable, this doesn’t mean you should automatically assume that you will end up paying the same amount in interest to any bank. What is more, a good bank will also offer you a good introductory rate, to welcome you to their roster of clients.
Paying Extra Fees
Many banks will charge you for just about anything: using their online banking services, the ongoing maintenance of your account, transfers to other accounts, and so on and so forth. A truly competitive bank, which has their clients’ best interest at heart, will not resort to any extra fees whatsoever. That’s right, you read that correctly. Know that one thing you can expect from a genuinely good credit providing institution is zero extra fees for access to their banking services.
Take Your Pick of Rewards
Credit card rewards can come under a wide range of guises. If you qualify for admissions into a bank’s reward program, then this, too, should be a criterion in your selection process. Look at what the bank can offer you. A good bank should be able to provide you with shopping vouchers, which you can go on to use at your favorite stores, plane tickets from reputable airlines, to just about any destination in the world, as well as limited edition merchandise. The bottom line is that you need to be offered as many ways as possible for spending your credit card reward points.