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Credit Card Offers For You
 Jul 29, 2004


One of the best tools in personal finance is your credit card. It may seem like credit cards are one size fits all, but like all things personal finance, credit cards are personal. The best credit card for someone else may not be the best credit card offer for you.


Before you apply for a credit card, you need to make sure that it is going to fit your individual needs and lifestyle. You need to ensure that the interest rate, what you use the card for and the rewards that you get work well in your life and complement your overall financial plan. There are credit cards for individual needs, and you need to make sure that your credit card matches your life.

Credit situation and credit cards

First of all, it is important to understand that the credit history that you have right now is going to limit or expand your choices. If you have good credit, then you will have a wider selection of credit card options. If your credit is not so good, then you will be limited as to the sorts of credit cards that you can get. Also, consider that there are credit cards that can help you with your individual credit building needs.

If you do not have a credit history, you may have to try for a student card or a secured credit card. A student card (if you are a student) is a great way to get started with building credit. As long as you use your card responsibly, you will be able to upgrade to a better card in a couple of years. With poor credit, you may have to get a secured or pre-paid credit card. These cards can help you get back on your feet and improve your credit situation.

Realize that if you have little credit, or poor credit, your credit card options will be limited to those with lower credit lines and higher interest rates. However, if you prove that you can handle the card by using credit sparingly and paying down debt and making on time payments you will find that you will have more options down the road.

Spending habits and needs

Another consideration for your credit card is what you spend money on, and your specific credit needs. If you use your credit card to purchase airline tickets for annual trips, then a card with a larger limit and an airline miles rewards program would work best for you. This way you could earn your way to free airfare. If you use a credit card to buy everything, and you pay it off each month, you might get a cash back rewards card. If you pay off your card every month, it is like getting free money, since you will not be paying interest.

If you spend a lot, and if you have a hard time controlling your spending, you might consider a card with a lower spending limit. This way you have no choice but to spend wisely, and to curb excess spending. A lower credit line will also help ensure that you do not get into so much debt that you cannot get out of it.

Some people get credit cards to help them get out of debt. If you have two or three credit cards with high interest, a 0% APR credit card may help you pay off your debt. When you transfer your high interest card balances to one with 0% APR, then you can pay off your debt faster.

Compare credit cards

The important thing is to carefully compare credit card offers. Look at fees, interest rates, rewards and introductory bonuses. Figure out what works best for you, and what will allow you to get the most out of your personal financial situation.



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* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.