How to Compare Credit Cards

Video Transcript

"Hi, my name is Maria Enomoto, I work for Consumer Credit Counseling Service and today we're going to know how to compare credit cards. The best thing to do when you're trying to get a credit card is make sure what is the need that you have for this credit card. What is your specific need why you are requesting that credit card, because that's the way that you are going to be selecting the credit cards. They'll probably will work for you. Some example of these are if you are looking for a balance transfer for example, that have low interest rate, that you are looking for some rewards or you can accumulate points every time that you buy, if you are looking for no paying any annual fees or if you are looking to extend your credit limit. So there are different factors that will influence how you are going to decide the best credit card for you. Or you can also compare because of the interest rates. If you are carrying a balance and you are not going to be paying a balance of every thirty days, so the interest rate that they will charge you will be a real, real important here. So, it's good if you can make a list of the things that you want to have in a credit card and then set up your priorities. And base on that, you can start comparing. You can compare the offers that you receive on the mail or you can go online or you can check on your, with your particular bank if they have any kind of credit card that will fit your needs. Another thing that I will suggest is there are so many websites now that has this tools so you, it's going to be easier to compare for you. One good website to go and compare, it's called bankrate.com"