Tips for Choosing a Credit Card Company

Credit Cards are essential for any consumer today. However, when choosing a new credit card company, many people do not know what to look for. It is important to have a good company because bad credit card companies can lead users into quite a bit of trouble. Whether you are a college student getting your first credit card, or someone looking to switch, choosing the company and type is very important. These few tips should help make your decision easier.

1. Pay attention to interest rates. In truth, all credit card interest rates are ridiculous. However, it is always a good idea to choose the best interest rate for your needs. If you think you may have the potential to miss a payment or two, then a lower interest rate will suit your needs better than a higher interest rates. If you are completely confident in your ability to pay credit card debts off immediately, than interest rates should not be a problem. Always look for the median interest rate. Credit card companies offering extremely low interest rates may have other hidden charges. Extremely high interest rates are simply nonsensical.

2. The type of credit card must also be taken into account. Different credit card types have different offers. Major cards like American Express, Visa, Master Card, and Discover all have their positive and negative elements. Along with the type comes the credit card plan. Some credit cards are designed for college students, and have special bonuses for grades. Other credit cards offer reward points for shopping at a certain store. Always go for the credit card promotion that fits you best. If you eat frequently at a certain restaurant, then maybe a credit card offering reward points for that restaurant is a good idea.

3. Keep in mind the bank associated with the credit card, and the credit card company's policies on security. Identity theft is a large issue and continues to increase. Be sure that your bank has specific security plans to keep your personal information safe. In the event of credit card fraud, it is always good to have a company with great identity theft policies. Some credit card companies will work tirelessly to correct the identity theft problem and clear your name. Other companies may not be so eager to give up their time and money to protect your credit status.

4. Lastly, keep in mind some tricks credit card carriers may employ. Some banks will attempt to destabilize someone with good credit by sending their bills at different times. Other credit card companies will offer great rewards, but have hidden fees and high interest rates. It is always good to see a company's policy on late payment. Some companies will take advantage of a late payment by raising interest rates drastically and severely injuring your credit. Never be afraid to read the fine print of any credit card agreement, because you might find something that you don't agree with.

Getting a new credit card can be scary. Credit is a big deal because it dictates what you are able to borrow and do financially. However, with careful planning and decision-making, you will surely get a credit card that is worth having.

John Daley is very interested in financial topics and gives advice on credit cards. Learn more at http://www.creditcardlowdown.com.

Making Sense of the Information in Your Credit Report

If you've ever applied for a credit card or loan, you've probably had your credit... Read More

Credit Card Is Adding The Silver Lining To Your Pocket

In the new millennium plastic money or credit cards has rendered a new zing factor... Read More

Credit Card Rates - Negotiating Rates with Your Credit Card Company

Ok, let's face it, everybody hates high credit card rates, and they drain hard earned... Read More

How To Get Out Of Credit Card Debt

If you're like the average person, let me warn you ahead of time about what... Read More

How a Credit Card Can Be Your Friend

We have all heard countless stories of people over their heads with credit card debt-maxing... Read More

Comprehending a Credit Report

Obtaining a credit report is an excellent way to begin taking control of your financial... Read More

Credit Report ? Watch Out for Parking Tickets

The economic downturn of the last five years has affected millions of Americans, but it... Read More

Credit Cards - The Top 3 Things You Need To Know

Today there are so many different credit cards available, student prepaid, low interest cards etc.... Read More

The Hitchhiker?s Guide To Insanity

A new sickness is plaguing the UK called Denial. Denial has resulted in a national... Read More

Have You Checked Your Permanent Record Lately?

As a young student I feared getting bad grades because I didn't want any bad... Read More

Identity Theft ? How Can You Prevent It Happening to You?

The nightmare of identity theft strikes an estimated 750,000 people every year. How can you... Read More

Is Plastic Making You Happier?

If you're like most people, you probably own at least one.And like most people, you've... Read More

Compare Credit Card Offers and Reward Yourself

Here's a simple system on how to pay zero interest and get tons of free... Read More

Maximizing Credit Card Rewards

In their quest to get you to sign up for their credit card, banks and... Read More

Finding the Right Credit Card

There are so many credit cards out there to choose from that deciding which one... Read More

Establishing Credit ? What You Need To Know Part 1

Establishing credit is one of the most important things you can do in order to... Read More

What You Need To Know About Credit Cards

What is a credit card? A credit card is a card that allows you... Read More

New Law Provides Free Annual Credit Report

As of Thursday, December 1, 2004, one-third of Americans will be able to access their... Read More

How You Can Help Prevent Identity Theft

How can I prevent Identity theft from happening to me? Never leave your receipt or... Read More

What is Credit Card and Debit Card Blocking?

Have you ever been told you were over your credit card limit, or had your... Read More

Credit Cards: What is the Universal Default Clause?

Most people who carry major credit cards are well aware that the interest rates associated... Read More

Consolidating Credit Cards

Credit card consolidation is a popular solution for those with significant credit card debt, usually... Read More

What Should I Do If I?ve Become a Victim of Identity Theft?

Identity thieves take advantage of everyday opportunities to discover your personal information and use it... Read More

Improving Your Credit Report

Even if you think you have a wonderful credit report, be wary of the error... Read More

A No-Brainer Way Of Getting Credit And Credit Cards

What Is Your Credit Rating Now?If you have any charge accounts now, or have ever... Read More

The Credit Card Surprise That You Need to Look Out For

Companies that issue credit cards want to make a profit. No one disagrees with that.... Read More

How Can A Qualified Mortgage Consultant Help Boost Your Credit Scores?

Consumers interested in purchasing or refinancing a home will pay an interest rate based on... Read More

The Art of Stoozing to Make Money from Credit Cards

Make Money from StoozingStoozing, this is a sophisticated method of making money from credit cards... Read More

Do You Want to Get a New Credit Card at a Great Rate?

1) Do your homework. Applying for and getting approved for a credit card is nothing... Read More

Is Your Credit Score Being Held Against You?

Credit Scores That HurtIs your credit score being held against you?More and more the staples... Read More

Read and Understand Your Credit Card Statement

Have you ever looked at your credit card statement and ended up just scratching your... Read More

Free Credit Reports Now Available From the FTC

The Federal Trade Commission (FTC) has set up a new website (www.AnnualCreditReport.com) where US residents... Read More

Rate Tarts Losing Ability to Cherry Pick

A "rate tart" is someone who switches from one zero per cent introductory credit card... Read More

Credit Card Traps: How To Spot Them On The Spot!

They arrive in your mail - a conspicuous looking mail piece from some "official looking"... Read More

Beat Credit Card Companies at Their Own Game!

Have you ever wondered how much money a credit card company makes? Have you ever... Read More

Free Credit Report ? A Website Typo Could Be Costly

In 2003, Congress passed the Fair and Accurate Credit Transactions act (FACT), which made it... Read More

Know Your Credit Card Rights

When you apply for a credit card, the application that you sign is also a... Read More

How Your Credit History Can Affect Your Life

Your credit history is an important aspect of your life. Maintaining your credit rating is... Read More

Lower Your Credit Card Interest Rate Now!

With today's credit card companies, there are many opportunities to get your cards rate of... Read More

Tackling Bad Credit

The first time I heard the term credit history was when I approached a lender... Read More

Like It Or Not, You Have A Score To Settle! Part 1

Just when most people finish with school and can stop worrying about test scores, there's... Read More

Credit Suicide

Few things influence the home buying process more than your credit. I like how Clark... Read More

Credit Card Dirty Tricks

There are many of us that have been badly stung by credit card companies that... Read More

Manage Your Credit Wisely

Getting your first credit card is a big deal and all young people look forward... Read More

Understanding Your Credit Score

When you apply for credit one of the first things almost all credit officers do... Read More

Warning: Todays Non Profit Credit Counselors Are Yesterdays Bill Collectors!

Here's a dirty secret, today's "non profit credit counselors" are often just front organizations paid... Read More

A Cure for an Ailing Credit

Credit has become a much-used word, thanks to the various connotations that it is being... Read More

How to Repair a Bad Credit Rating

If you have a bad credit rating, then you might find that your ability to... Read More

Keep Your Credit History Clean - Remove A Negative Credit Record From Credit Report

The three major credit bureaus, Experian, Equifax and Trans Union are similar and feature a... Read More

Choosing The Best Credit Card To Apply For

Always shop around to get the best deal when choosing which credit card to apply... Read More