Finding the Perfect Credit Card for You
The right credit card can make life easier, save you money, and generate some great benefits. The path to this perfection can be bumpy as you weed through the hundreds of offers and pages of fine print. These easy steps will help you score the ideal card for you.
Search, don't settle. Just because a credit card is promoted in your mail or a top Google search return doesn't make it a great offer. Go to the major credit card providers − banks, financial services companies, or groups you're affiliated with − and evaluate their offers making sure to pay attention to the fine print.
Lifestyle list. To thin the pack, rank options by importance to you. If you routinely carry a balance, a low interest rate may be a priority. A frequent traveler may want to quickly rack up rewards points. Special interest cards let you "give back" to your favorite cause. Busy "road warriors" may value unique "concierge" services.
The details are important: Are there caps on earnings? Are redemption options limited? Check rewards earnings against your spending habits: Some cards award higher points based upon the category − like restaurants or travel services. Comparing many different plans will help you match the benefits to your lifestyle.
Rate the rates. Scrutinize the variations in Annual Percentage Rate (APR). Many offers are based upon the prime lending APR offer. Be aware of "prime plus" offers: Add the two for the actual APR. If there is an introductory APR offer, how low is it and how long does it last? Make note of the APR adjustment policy − what happens if your payment is late? This also is the time to consider fees − annual fees or charges for making transactions in a foreign country. Make note of fees for cash advances, balance transfers, late payments, and over-the-limit charges.
It may sound like work, but the payoff is a credit card in sync with your lifestyle. It's not an impossible dream. Learn more.
With the AAA Member Rewards Visa® credit card, you can turn everyday purchases into unlimited rewards. Earn triple points on qualifying AAA and travel purchases, double points on gas, grocery store, and drug store purchases, and 1 point per $1 spent on everything else – with no annual fee!†
You can redeem your points for reward options such as AAA vouchers good for travel, auto repairs, and more – or even cash back and gift cards.
The article and information provided herein are for informational purposes only and are not intended as a substitute for professional advice.