How to Choose the Right Credit Card

How to Choose the Right Credit Card for You

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How to Choose the Right Credit Card for You

I’ve been discussing money matters on my blog for a while now, in hopes that I can continue to feel encouraged about my own debt journey, as well as encourage others with theirs.

Recently, I’ve been talking a lot about building credit and the easiest ways to do so. I’ve defined common credit card terms and explained how your credit score affects your life. Today, I want to talk about how to choose the right credit card so you can begin (or continue) to build great credit history.

First, you should know there are hundreds of different cards out there vying for your attention. Some offer nothing but a credit line; others offer rewards and perks. The key is to determine what your needs are and which card will care for those needs best.

Determine Your Wants and Needs

When you begin your credit card search, you need to decide what you’ll be using it for. Do you want a card that will give you cash back or travel points? Are you looking for something simple to help you build credit? Each card is different, so once you know what you’re looking for, you can narrow down your search.

Find Out if You’re Eligible

Now that you know what you’re looking for, you can do some additional research and find out if your credit score is high enough for you to qualify. If you don’t know your credit score, head over to CreditKarma.com to get a general idea of your FICO score for free. I use their service on a monthly basis. That is not an affiliate link.

If you know you won’t qualify for the credit card of your dreams, there are ways for you to increase your credit score. Some take time; others are quick fixes. If you don’t have time for that, you may have to look for other credit card options.

Read the Fine Print

This is so important. Maybe the card of your dreams has a huge annual fee. Some fees can be upwards of $100 a year! I firmly believe that in today’s times, you should never have to pay an annual fee on a credit card. Is your card’s interest rate ridiculously high? You have to know these things because it helps you weigh your final options.

Choosing a credit card isn’t scary if you know what you’re doing. Just use these tips and you’ll be fine!

Tell me what you think!