How to look for a Superior Credit Card?

You can minimize or even eliminate many expensive credit card fees and high interest rates if you choose a card suited to your needs. However, all credit card insurers are in business to make money so beware if you maintain high balances you will be charged accordingly regardless of your card of choice. Choose a Card with no Annual Fee Find a Card with Low Finance Charges or APR Find a Card with a Long Grace Period Card Incentives Credit Cards to Avoid -Card with high APR -Card with high late fees -Card with no grace period -Variable rate credit card

Instructions

Difficulty: Easy

Things You’ll Need:

• Patience and being able to read the fine print.

1. 1. Always Read the fine print on the credit application. Once you sign on the dotted line they debt is yours.
2. 2. Avoid applying for credit cards that send mail outs to your home. They target people with low credit ratings to charge them higher interest rates. They are companies in the business to make money. The higher the rate the more cash the company makes.
3. 3. Always Pay your blance off monthly. Carrying a balance month to month lowers your rating and keeps you paying interest.

Tips & Warnings

• Always try to avoid buying luxury things on credit unless you have to.
• Stay away from credit applications that comes to your home. The interst rates are way too high.