How to compare credit cards - Made easyThursday, July 26, 2012 at 8:18:49 AM
When you're looking for a new credit card, having a large number of credit card applications to sift through can be a bit overwhelming.
It can be difficult to figure out exactly which features you need and which you should avoid when you're looking at a large number of credit card offers, so the best way to compare them easily is to start eliminating the ones you don't need.
Know where you stand
The key to knowing which is the best credit card for you is knowing what you need and what it will cost. The best way to figure this out is to look at your current finances and your past credit card habits.
This will help you determine what you can afford and what features will help you maximize the benefits from a new credit card offer. For instance, if you spend a lot on your cards and regularly carry a balance, a low interest card will keep your costs down. But if you only use your card for emergencies, you can likely find a nice no annual fee card that will cost nothing until you use it.
Once you've narrowed it down
When you have a good idea of the kind of credit card application you're looking for, it's a good idea to compare a few targeted offers. If you're trying to find the best rewards credit card, look at interest rates, fees, and rewards perks you'll get.
You might find that one card will benefit your specific type of spending, be it on travel, necessities, or everyday purchases, moreso than the others. The key to finding the best credit card application online is to have a good idea of all aspects of the account so you know exactly what to expect going forward.
How to compare
Once you know the features you will be using, such as rewards or fees, you will know which figures and terms to compare. Identify your 'big picture' items that will really affect your bottom line and ignore ones don't matter as much. This way you can cut through the clutter and go straight for your best credit card deal.
Credit Card Search Engine
Our search engine lets you view your best offers in a matrix, or table format easily allowing you to see key factors to compare.