Numerous credit cards are available, however, only a selected few will work for you. when you are applying for a new credit card you have to think about a lot of things. Do not be enticed to open the first card which offers you a credit line. It is recommended that you look around to find the ideal option. Nevertheless, sometimes you may be confused about the things to look for when choosing the right credit option for your financial case. It is important to compare your options first before you settle for one. Keep reading through to learn about the factors to consider when looking for Singapore credit card.
Promotions. Promotions should be the first thing to entice you to open a card. Case in point, many credit card companies will offer a free gift pack in a sports event when you apply for the credit card instantly.
Consider the annual percentage rate. Examine carefully the annual percentage rate on your potential card. Provided that you plan on paying your card off at the end of each month, the interest will accumulate faster. Cards which have low-interest rates and other perks are the ideal one’s for you.
The fees charged per year. When choosing any credit card remember to evaluate the annual fee on the card. Look at the other benefits and determine whether they make up for their annual fee. If you do not do this, you could end up paying for something that you are not using effectively. There is no negotiations with regards to the annual fees. Before you jump into the other benefits of the card, make sure that the yearly fee suits your budget. Please seek some advice from Enjoy Compare for a better choice.
The loyalty points and rewards. The loyalty points and rewards one is qualified to get is one of the things that are enticing about getting a new card. Some cards will reward you with air miles for travel and others will award you points specifically to go shopping in selected grocery stores and gas stations. The best thing that you can do is to compare the credit cards and other similar reward cards. For the people that love traveling, they can go for the reward card that offer air miles.
Confirm if the card offers cashback. Enquire if the card provides a form of cashback deals. Through a qualifying purchase using various cards, you could earn about 1% to 3% cashback. If you want to earn the most cash back, read through the specifications to learn of the best ways that you can use your card. The cash can be applied to your balance, a purchase, or direct it to your bank account. When you read the terms and conditions, they will tell you how often you can withdraw.
For more references, check out: https://simple.wikipedia.org/wiki/Credit_card