The key factors to consider when shopping for credit cards
With so many credit card features to choose from these days, the choices can be quite dizzying. However, there is a perfect credit card out there for just about everyone. It will depend on how you are using your card and what you want to get out of it. Consider the following while doing your research.
Low Interest Credit Card Offer
The St.George Vertigo Visa features a low interest rate on purchases making it a great card to consider applying for. It also features a great balance transfer offer, and has been one of the most consistent great value credit cards in the Australian credit card market.
- $55 p.a. annual fee
- 1% p.a. for 12 months (reverts to 13.24% p.a.) on purchases
- 0% p.a. for 18 months on balance transfers
- Cash Advance Rate of 21.49% p.a.
- Up to 55 days interest free
- Is the interest rate important to me?
There are many people that are not bothered by the interest rate because their intent is to pay the balance off each month. If this is your situation then you will want to look for cards that have other features like a rewards program that is of interest.
- Do they offer a balance transfer?
Many credit card companies are offering balance transfer offers these days. If this is the main reason you are searching for a card, you will want to search for the one that offers the longest term with a competitive rate.
- Should I get a fixed interest rate or an introductory rate?
The answer to this question lies in how you will want to use your credit card. If you are using it for everyday purchases then you should try and find a card that has a fixed rate. But, if you want to pay off some other existing debts that are at a higher interest rate then you can use a card with an introductory offer and pay it off within the introductory period.
- Does the card offer interest free days?
No one wants to pay more than they have to and having a breather period to pay off your debt is one of the nicer credit card features. Many cards offer interest free days that will allow you time to pay off the balance without getting hit with interest charges.
- What is the rewards program like?
Customers like getting something that can make them feel valued and special and rewards programs do that. Each card is different types of rewards benefits. Look over the offer closely to see if the rewards are in line with what you are looking for. Many offer benefits from travel miles to discounted travel packages to discount petrol cards.
As you can see, finding a card with just the right credit card features is not a difficult task if you know what you are looking for.