All credit cards come with a range of features observed by Bahaa Abdul Hussein. The best credit card for someone may not be the best for everyone. Nevertheless, you can choose a credit card that is best for you because it serves your needs in the best manner.
A Credit Card to Match Your Life-style
The credit card of your choice to serve you best must match your lifestyle. It should make your life easier.
Are you a frequent flier? If yes, then you will find cards on offer to make your life easy. Such credit cards might offer discounts or credits on the purchase of air tickets. There could be several other benefits such as the exclusive use of a lounge at an airport. A co-branded airline credit card is then the best credit card for you.
If you love fun, entertainment, and eating out, there could be a credit card especially tailored to your needs. Such cards could offer you discounts at restaurants. Some cards might give you discounts at movie theaters, while others might facilitate your travel with discounts at gasoline pumps.
Other Features
There are several other features to make your life easy. You may not get all the features in a single credit card. You can select the card that meets your choice. Some cards offer automated monthly bill payments, while others may provide easy EMIs. Most cards come with welcome bonuses. You will need to choose the card whose welcome bonus appears the best to you. The slew of features can include features like zero liability when you lose your card or if someone steals it. You may get a fuel surcharge waiver with some cards, while the other might offer insurance coverage. All you have to do is compare the features and opt for a card that appears the best to you.
Calculate the Cost
Each card comes at a cost. You need to compare the costs and benefits in selecting the best card for you. Most cards charge an annual fee. See, if they also waive the charge depending on your spending. There are interest charges associated with the revolving credit. You might be charged for late payment and over-limit.
A credit card can facilitate your lifestyle if you are disciplined and prudent in managing your financial affairs. However, it can prove costly, if not managed well. So, financial prudence must be adhered to let your card serve you the best, otherwise, it can turn out to be nightmarish.
The article has been written by Bahaa Abdul Hussein and has been published by the editorial board of www.fintekdiary.com
