How to do a credit card comparison
There are many credit card offers for consumers. Before you apply for a credit card it is important to narrow your choices to a short list of appropriate cards before you compare credit cards features. When you do your card comparison it is wise to not fill out too many credit card applications because there may be credit card offers that are not conducive to your spending habits, payment history or benefits desired there may be card offers for which you may not qualify.
Conducting a credit card comparison should encompass the following:
Find: First a consumer needs to find credit card offers before they can do credit card comparison.
Go to www.creditcardapplications.com to discover the list of cards that meet your needs so that you can do a thorough credit card comparison Creditcardapplications.com has an easy to use search engine and categories page that allow you to do a quick search of what card would be a right fit for you
Compare: It is important to know what to look at when you conduct a credit card review:
- Are the credit card offers for a consumer purchase card, business purchase card, or a balance transfer card?
- balance transfer credit cards differentiate from regular purchase cards because credit card offers that transfer a balance are for consumers wanting to consolidate debt onto one card.
- Know what is different about introductory APR. and long term APR.
- APR stands for Annual Percentage Rate, which is the rate of interest you will pay on a particular charge. Because a particular company wants your business they will entice you low rates.
- An Introductory APR is a low, yet temporary APR that lasts for a short defined period and applies to specific types of transactions. An example is that some credit card offers feature a 0% APR on all PURCHASES for the first 12 months the consumer owns the card. After the 12 months is over, a higher regular rate begins. Also, note that the introductory rate only applies to purchases not balance transfers or cash advances.
- On the other hand, a regular APR is a fixed or variable rate for the entire time you own the card.
- Know what is a balance transfer APR and purchase APR. A balance transfer APR is the APR you receive when you transfer a higher balance onto a new card. Companies want your business so they feature a credit card offer with a lower interest rate for the balance transfer from another card. However, that rate only applies to the transfer balance and not any new purchases made on the new card which will carry a higher APR i.e., purchase APR. Moreover, the transfer rate will only apply for a certain period before it expires and if you don’t pay off the old balance the transfer APR is gone.
- Credit card offers are marketed to get business, so companies can make money and they do that with APR and annual fees. Annual fees are yearly fees charged by a company to use the card. If cards have annual fees over $50 then they should be avoided. Annual fee are separate from interest on purchases and late fees for late payments.
- Some credit card offers feature reward programs such as frequent flier miles or vouchers. Note: Be careful to read carefully when you compare credit cards on reward offers because some require a lot of spending before the rewards can be redeemed.
- Also, you will need to know what your credit score is so you can determine if your credit is excellent, good, average, poor, or bad. This will help in your credit card comparison and credit card review process.
Choose: You will need to know what card will be conducive to your budget based on priority and then choose the right card.
- Know what is important for you so you can prioritize your needs base on finances/spending habits, then choose the right credit card based on your credit card review.
- Pick a credit card for which you qualify.
- Fill out a few applications carefully
- Don't spray around applications for a bunch of credit cards you can’t qualify for or don’t want.
Some of the best credit card deals for consumers are offered by Discover Card and Chase Credit Card. You can also find an full list of credit card offers by issuers (such as Capital One Credit Cards).
You can also view card offers by categories such as:
This can all be done when you visit www.creditcardapplications.com; a website that features Discover Cards, Chase credit cards and many others allows for consumers to conduct a credit card comparison, compare credit card features and find the one just right for their budget in an efficient and easy manner.
This Credit Card Search Engine allows the consumer to click on the type of card they are looking for and then having a list in front of them of the companies that offer that card, the features of the card, and the requirements. If the consumer is satisfied they click to apply. This can all be done in a matter of minutes.
Once you have found the top credit cards providing the features, benefits and financial characteristics you need, the online credit card applications at creditcardapplications.com make it easy to apply for a credit card and have your card application processed quickly.
At CreditCardApplication.com the #1 commitment is to allow you to FIND, COMPARE and APPLY for the top credit cards for you.