Finance Credit

How to get best credit card rates?

Published at 01/15/2012 22:32:21

Why you need to have the best credit card rates

Shopping for the best credit card rates on offer is very important for any credit card holder. This because the credit card fees and interest charged on your card is a major determinant of the amount of time you take to fully settle your card’s debt. Credit best implies low charges on your card which means that you are able to repay your credit card debt very quickly in the shortest time span possible.

Step 1

How to determine the kind of credit card you qualify for

Actually, there are many types of credit cards in the market today. Having a credit best is simply a function of the credit card you hold as different cards charge different rates. You need to first of all determine your FICO score online to know which card is suitable for you. Based on Your FICO score, you need to know the extent of your credit risk. You may either pose a high, medium or low credit risk depending on the score you get. Lastly based on your FICO score and credit risk level, you need to determine the best credit card for you. They are available under different programs such as cards with bad or no credit and those with better interest rates.

How a comparison website can help you get credit best

Getting credit best depends on how well you compare the different rates on offer by the different types of credit card companies in the market. Internet can provide you with a fast and an easy way to do this. You simply have to log on to an internet network on you PC and begin an immediate and focused search for online companies that help you compare different credit programs offered by different credit cards. A good website is the that offers you with different categories of credit cards to compare. Different categories that determine your credit best are such as standard / classic, platinum/titanium or gold categories. Others are such as credit cards with rewards and rebates which offer good rates. Since you already know the credit card you qualify for, simply enter the search criteria for the card and compare different interest rates offered under it. Select your credit best from the offers and simply click on it. Read useful information given on the rate such as interest rate disclosures and other terms applicable before opting for your preferable credit card rate.

Local banks as an alternative way of finding the best credit card rates

Different local banks in your area will have different credit card rates offers. Simply review all the interest rates offered by them and any terms associated with them before choosing your credit best. Compare all the rates on offer by the different banks. If information about the rates offered by a specific bank is not offered online, call the bank or make physical visits to the bank. Check different brochures and card programs offered. Definitely, your credit best will just be somewhere there in. it’s a simple and effective way of accessing the best rates for your card. You can save lot of money on your credit card bills once you get one for affordable rate.