How to Find the Right Credit Card That Will Suit You Best

gold credit card close-up image

You're in the market for a new credit card but you aren't sure how to find the right credit card for your needs. You don't want to have a wallet full of cards you're never going to use -- so what do you do?

Before you start looking through information about credit cards, you need to look at your goals, spending habits and more to come up with the necessary criteria for a card you deem worthy.

Continue reading this article to learn more about choosing a credit card that will give you the best benefits and access for your lifestyle.

The 411 on How to Find the Right Credit Card

Credit cards provide many benefits from rewards to the ability to rent a car. Without a credit card, you won't even be able to get a hotel room in most places.

These tips will help you get the right card for you so your life isn't limited.

What Are You Using the Card for?

Before you get into looking at cards, you should determine what you'll be using the card for.

If you're going to be using it on a daily basis for regular purchases, you'll be looking for different cards then if you're using it to consolidate your debt.

Will You Carry a Balance?

If you plan on carrying a balance, look for a credit card that has the lowest rates possible.

You may even consider other options beyond credit cards so you can benefit from no credit check financing with lower interest rates than many credit cards.

If you're set on carrying a balance on credit cards, don't get side-tracked by the fancy sign-on bonuses. Focus on the lower interest rates so you don't rack up big interest fees.

Analyze Your Spending Habits

A card that may be great for one person might be the worst choice for another person depending on their spending habits. 

If you're in the credit card game for the rewards then you don't care so much about the interest rate on the credit card. You can find cards that offer rewards on almost anything.

Some of the most popular rewards come from buying gas, groceries, eating out and spending for your business.

If you like consistent rewards make sure the card you get doesn't rotate their offers. If you don't care about the rotation and spend in all of the categories then it won't be a big problem.

Don't just imagine what your spending is going to be. Look at your previous statements on other credit cards or on your bank debit card.

What Rewards Will You Use Most?

Once you've looked at your spending, you can see where you've spent in the past so you can get a card that will give you more rewards in those areas.

You should also consider where you might spend more money and earn more rewards if you could save money. If you would go out to eat because you would get rewards for it then keep this in mind.

You might want to change your lifestyle for the better by using these rewards. Maybe you would use the gas rewards to buy more gas and go on more road trips. Or maybe you would use airline miles to fly out for vacations from time to time if you had them available.

Do Your Research

When you see some cards that look like they might fit your lifestyle, spending habits and other criteria -- go more in-depth. Go through their terms and conditions to see if there is anything you might have missed in the promotional material.

Are the cards you're looking at travel cards, business cards, 0% APR for an introductory time period or do they offer balance transfer? Make sure to research and throw out any cards that don't fit your needs.

Compare Side by Side

Now that you have the cards that look the best for you, put their information side by side. While you can do this on a computer screen, it is helpful to write it out on paper so you can see it easily.

The APR is one of the most important things to look at when you're comparing credit cards. Yes, you may not plan on carrying a balance but if you did have to carry a balance one month, you wouldn't want to pay too high of interest.

Be careful when you're looking at APR. Don't only consider the introduction APR but the APR whenever any introductory period is over since it is usually much higher.

Look at the rewards on each of the cards. Many cards offer 1% to 2% cash back on general purchases when they're rewards cards. The rotating categories may have rewards of up to 5% so keep a lookout for those as they can add up quickly.

Look for other fees as well as other perks. If the card has high fees, the negatives can outweigh the other positives of the card.

The same goes for if the card has great perks. Many times, a subpar card can redeem itself by offering amazing perks for being a cardmember.

Annual Fee -- Yea or Nay?

Some cards come with a hefty annual fee. This annual fee is mainly meant to ensure you're going to keep using the card and if you don't -- they're at least getting something out of you being a member.

If you plan on using the card and getting more rewards than the annual fee then it might make sense for you. Otherwise, you might want to shy away from the annual fee.

Get More How To Help

Now that you know how to find the right credit card, why not get more how to help? We have articles that will help you learn how to do things in many areas of life.

Navigate through our site, find your favorite section, drop a bookmark and come back later for more great reads.


Share this article!

Follow us!

Find more helpful articles: