Choosing a credit card that suits you can not only improve your quality of life, but also help you manage your finances properly and avoid the trouble of high interest rates. However, there are many types of credit card on the market, and it does take some skills to choose the one that best suits your needs. The following will analyze from multiple aspects to help you find the most suitable credit card.
Cashback card: Suitable for people who spend on daily consumption, especially for daily necessities, catering, gas, etc. If you often spend in these areas, cashback cards can help you a certain percentage of cash back.
Points card: If you like traveling or detriment, points card is a good choice. After accumulating points through consumption, you can use the points to redeem various benefits such as flights, hotel accommodation, detriment, etc.
Low interest rate card: If you often fail to repay on time, you can consider choosing a credit card with a lower annual interest rate. In this way, if there is an outstanding balance, the interest burden will be lighter.
Student card: For students, it usually provides a lower annual fee and some basic consumption rewards, which is suitable for young people who are just to use credit card.
Be aware of annual fees and other charges
Each credit card has a different annual fee, some have lower annual fees, and some may have higher ones. For credit card with higher annual fees, there are usually some additional benefits, such as airport lounge access, travel insurance, etc. Therefore, when choosing a credit card, you need to weigh the annual fee and the benefits of actual use.
In addition, pay attention to other fees of credit card, such as cross-border transaction fees, late payment fees, and cash withdrawal fees. Although these fees do not occur often, make sure you understand all potential fees when choosing to avoid unnecessary burdens when using it.
When choosing a credit card, you can consider these additional benefits based on your needs and lifestyle to ensure that you can maximize the convenience of the credit card.