Do I Need a Credit Card?
Have you ever thought why you get so many calls to get a credit card. Actually credit card is a easy way to get a "HIGH INTEREST RATE" loan without much difficulty. The money which you are using is not yours. When you get used to use the credit card you mistake it as your money. Even the people who are very conservative with spending money tend to lose their control very easily with credit cards without understanding that they are actually paying very high interest on it.
Market survey is an important aspect before choosing any card, so as to enable you to select the best possible credit card for you. Do not flow away with the sales persons sweet language. Even you now feel that you need a credit card then you have to think upon few basic things that your credit card is offering you. Annual Fee is charged on credit card as their administrative charges. Now a days with tough competition, many of the companies are offering their credit cards with waiver on annual fee.
Ask the credit card sales person what is the joining fee. As in case of annual fee the joining fee is also have come down because of competition and many companies are offering it without any joining fee. Make sure that our credit card is accepted at maximum possible places, even it is accepted abroad it's better.
The period of free credit is different for different companies, though they very from 48 to 52 days. But make sure you exactly know this period and keep yourself updated about it as the companies keep changing their policies. And the most important criteria to choose a credit card it, What is the interest rate? Credit card is supposed to be most expensive debt world over. You will be paying 2 to 3 % per month meaning 36% per annum. Go for the credit card which will be providing minimum interest rate
Published by nicrahul
"Rahul Patil is a amature writer.He writes about the interesting things in day to day life. He is available at this e mail: nicrahul@gmail.com View profile
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