Credit card with low interest rate . What credit card is ideal for you? There are so many different credit cards available, each with its own advantages and rules, that it can be very difficult to decide which one is the most convenient for you. Here are some features to consider.
Credit card with low interest rate
A credit card with a low interest rate can be beneficial, although certain conditions usually impose. It is important that you ask questions before signing to receive this card: Is the low rate the standard rate to be applied? If the low rate is an initial or promotional rate, how long will it last? What rate will begin to be applied once the low rate period ends?
Low balance transfer rate
Credit card issuers can offer you a special low interest rate (it can even be a zero interest rate) to make balance transfers from another card , which can be an attractive option if that other card It has a high interest rate. Please note the following: the low balance transfer fee may be in force only for a limited time. If so, if you do not pay your transferred balance before the rate expires, you will be charged the standard balance transfer fee that may be much higher. In addition, apart from the interest that may be charged on the transferred balance, many issuers charge a fee for each balance transfer.
Credit card charges
It is important that you read the terms and conditions when evaluating a credit card , especially if you want to know all the charges that may apply. Some cards charge an annual fee, but they may also have late fees, excess limit charges and other charges.
Credit cards with rewards
A rewards card offers incentives for using the credit card. Rewards can be cash, points, discounts or other incentives. In most cases, you get rewards when you make purchases with your card, so you can benefit from buying from food to gasoline. Look for the credit card rewards programs that best suit your typical expenses and offer you the most opportunities to get incentives.
Services you may need
When evaluating or comparing credit cards , be sure to consider all the services you want or need. For example, if you know in advance that you may need to call for assistance or information outside of normal business hours, look for a company that offers 24-hour telephone assistance, 7 days a week.
Credit cards benefits
Credit card issuers can offer a wide variety of benefits, which may include functions such as concierge services, travel-related benefits such as roadside assistance or reimbursement for lost luggage, and consumer protection services, such as additional insurance coverage, damage protection or extended warranties. In the case of certain cards, these benefits may include access to unique experiences or luxury care. Although benefit information is available through the credit card issuer, the benefits are usually provided by the credit card network, such as Visa or MasterCard, not the credit card issuer. Credit cards with better benefits may have higher annual costs or charges, so be sure to read the terms and conditions of each card thoroughly.
Because several of us spend a lot of time online doing everyday activities through computers or other electronic devices, credit card issuers are constantly expanding their online services. Most issuers allow you to receive online account statements , pay your bills and review transactions online 24 hours a day, seven days a week from your device. You can also file disputes for unauthorized charges, request an increase in the credit limit or change the due date of your monthly payment. And if you need help, you can chat with an online agent in real time.
Account alerts are another feature you should look for in your next credit card. Mobile alerts send messages to your phone, through text messages or through a mobile application, with transaction alerts for each authorization, as well as limit alerts for transactions that exceed a specific dollar amount. To receive even more comprehensive notifications, look for online alerts that include transactions, automatic, scheduled and failed payments, payment due dates and overdue payments.
Credit cards for specific categories of consumers
Many issuers also offer credit cards specifically aimed at a particular consumer, for example, students or individuals who may not qualify for a traditional credit card, due to a limited or poor credit history. These cards may have a low credit limit and require you to provide guarantees such as account security.
Many cards will allow you to customize the appearance of the card. Some credit cards offer a selection of designs in an image library, while others allow you to customize your card even more with an image provided by you. You can even include a foreground image of you on the card, which guarantees greater protection if your card is lost or stolen.
After you have answered your most important question, how do I get a credit card , and have decided to apply for a new credit card , considering the features and options available to you while you compare credit cards can help you reduce the alternatives.
The nature of this information is general and it is provided for informational purposes only. Regions makes no statement regarding the accuracy, completeness, punctuality, suitability or validity of any information presented. The information provided should not be interpreted or trusted as accounting, investment, legal or tax advice, or financial planning. Regions encourages you to consult a professional to receive the appropriate advice for your specific situation.