When you’re searching for a credit card, you’re making the right choice. This is a financial tool that will make your life much better. If you’re wondering if this is true, just think about the number of the card in circulation around the world, which is amazingly high.
According to some calculations, there are roughly over two billion of them. Over one billion is being used in the US, but this country is known as a place where the economy is highly developed and the credit card market is huge. See more about this here.
The rest of the world is trailing, but the modern western countries are still not too far from the way of life the Americans have when credit cards are in question. Europe has more than 500 million which is respectable knowing that not too many people use the same way of life as the US.
When you’re searching for a kredittkort, you must have all the points in front of you and understand what they mean. That’s why we are trying to resolve all the unclear points that you might know and explain what the five most valuable credit cards that you must know before making a final choice are. Keep up and learn more about this.
1. The 0% interest rate offer
One of the best offers on the market is definitely the option not to pay anything for a fixed period when the interest rate is in question. The 0% interest rate credit card is the best option, especially for those that are about to spend money and are not planning to never return the money.
If you’re a responsible person and you’re not waiting for too long until you return what you borrowed, then this option is definitely for you. The 0% interest rate means that you’re not going to be charged with anything additionally for the money you’re spending.
Only after a fixed period, it will be clearly noted, you’re going to start borrowing and returning under a different interest rate. After this period, the rate may be different from one card issuer to another. It may be too high or too low depending on many other factors too.
If your credit score is poor, then you’ll need to accept a higher interest rate. The lenders are going to see you as not the most eligible for getting the funds through them. They’ll be afraid that you might not always have enough to return everything, so they’ll try to make sure they get the money fast from you and be sure that they are not going to lose anything.
2. The cashback option
One of the great benefits coming from credit cards is the cashback option. If you don’t know what it is, let’s explain a little bit more about it. The cashback is a system that almost all financial companies use to stimulate their users to spend more money on their kredittkorts.
Why are they doing this? Because the more you put on your kredittkort, the more interest rate will be placed on your card, making these companies earn more. For you, on the other hand, it’s completely normal to use a credit card because you need a large chunk of cash.
If you put more on the credit card, you’re going to get more points, and you’ll earn more money through the cashback program. The cashback is giving you back a particular amount of money for every dollar you spend on anything out there.
This way, you’re getting back money on your account. The more you spend, the more the cashback will fill your account. Of course, this amount is not huge – it’s just a couple of percent, but it is still better than those providing nothing.
When you’re searching for a new kredittkort, you should be looking for a cashback that has over 2%. This is a respectable number, and you should get just enough by spending more through your card.
3. The reward chances for more money spent
Similar to the cashback option is the chance to win rewards by spending more money. A lot of companies have either cashback or rewards systems, but some have both. If you like playing games and always feel like you’re in a casino, then this might be a great option.
Rewards are also valuable because they can truly save you a lot of money in given situations. For example, one of the best reward systems known to the financial industry is the option to get free flying miles. The more you fly, and the more you pay with the card, the more rewards you’ll get.
4. The ability to pay with a grace period
Grace period payment is a perfect way to have things under control. With this option you also get to pay for stuff with money that you do not have at the moment, but you know you’ll have them in the next few weeks.
By definition, the grace period is the time between two billing cycles, which means that you can buy something without actually having the money, and the bank will still not charge you with the interest rate until the next month, or by the time you return the money on your account.
What’s more interesting here is that you can withdraw the money if the company you’re doing business with isn’t complying with some of your requests. If they do something wrong, you can ask them to come and fix the issue, or else they won’t get paid.
5. The chance to get it without waiting
When you apply, you’re usually going to wait for a couple of days until you get the approval. However, if you need one urgently, there’s always the option to get one fast. All you need to do is ask for one, and the employees at the place you’re at will give it to you.
Of course, you need to be eligible for this. Not everyone can get a kredittkort that is approved fast, but if you’re eligible for one, there will be no problem creating one for you in a couple of hours. You need to make sure that your credit score is good enough so that you get better terms.
If your credit score is low, you’ll get terms that are not as good as you’d want them to be. The interest rate will not be as good, and the benefits that we talked about might also not be part of your plan. That’s why you must think of these things before applying for one.
Conclusion
With everything mentioned above, you realize what your options are and what you need to do to get a credit card that will be there for your needs whenever you want it. It’s crucial to understand the terms and do your research before choosing one.
The five options from above should be enough for you to know what there is and if you feel like something’s better for you, then opt for that option. If some of these things don’t matter to you, then you can skip them and go for the one that seems perfect.
