Now that you know what not to do, we've got some tips on how to filter and select your first credit card. Credit cards are great payment tools if they are used prudently and with care. So consider these pointers before using them or applying for a new one:
Compare cards that best suit your purpose
Choose the best card that’s suited to your lifestyle. To a frequent international traveller, a credit card that gives insurance coverage and a better currency exchange rate would be the best option. Similarly, for someone who relies on online purchases and transactions, a card that offers added benefits or points on these transactions would be the better choice.
Take notice of various fees and charges
The interest rate, annual fees and cash withdrawal interest rate are some of the things that you need to know when using a credit card.
Additional benefits offered for cardholders
While deciding on a card, keep a look out for additional benefits that come with a card. For example, a frequent flyer may choose a card which offers flyer miles. Some cards have additional pay with points option, where one can redeem bonus points and use them for payment towards purchases.
Want a credit card that suits your lifestyle? Browse our credit cards here.
