How to Decide on a Credit Card

A credit card, though it has a bad reputation according to many financial advisors, is a great financial tool for many. It's a great way to cut back on carrying tons of cash, and it's portable and convenient. There are tons of offers available for every consumer, so how do you know you're getting a deal that's right for you? Look for the following things when deciding on a credit card:

Your credit score. Your credit score will help determine how much you'll have to pay for interest rates, the credit limit you're given, and other features put on the card. Check a credit report to see what your score is, and apply for cards that are within your range.

Interest Rate. You want the rate to be as low as possible. Be careful when you see offers for extremely low rates. Many of those will only last a short time, after which you'll have to pay a much higher rate.

Rewards. Many credit cards offer rewards programs for those who use their cards. Programs include cash back, rewards points, and airline miles. Pick the rewards program that you like the best.

Policies. Certain companies will have certain policies when it comes to late payments, overlimit fees, and payment terms. Make sure you understand all the policies of the credit card you select before making your final decision.

Reputation. Certain companies have better reputations than others in terms of the quality of their customer service. If something goes wrong while you are using their card, you want to make sure that you can call the company and speak to a live person who will help you with your problem. Having to deal with a rude or unhelpful customer service representative can really hurt you down the line.