A credit card is a cashless mode of payment
when you purchase something. The credit card holder does not need to pay the
money immediately, but within the next payment due date. The biggest advantage
of credit card is that, if you pay the money within the next payment due date,
you do not need to pay any interest. This advantage, along with the fact that
you do not have to carry any cash with you while you go for shopping, has made
credit card extremely popular in the last one decade. As a result there are
plenty of banks which offer different types of credit cards. Sometimes it
becomes very difficult for an individual to decide which credit card to choose.
The best way to understand is to use credit
cards compare.
By using credit
cards compare, you can directly compare the different benefits provided by
the credit cards. There are many parameters based on which credit cards should
be selected. They include, annual fee, interest charged if not the money is not
paid by due date, initial fee, cash advance rate that is what will be interest
rate if you withdraw cash, if any rewards or promotional offers like miles
earned or cash back policy is present. With the help of credit cards compare, you can compare various credit cards by all
these parameters and many more. It also mentions the qualifying criteria for
each credit card, that is, if there any minimum qualifications like salary or
minimum credit card usage. The individuals applying for credit should ensure
that they meet the qualification criteria before applying.
However, in a few cases, credit cards compare may be misleading, as there can already be an
agreement with the bank to promote their credit cards only. In that case, you
may not get proper results. So, it is advisable to short list a few cards and
then check with the respective bank for confirming the information provided in
credit cards compare.
Summary:
Large number of credit cards offered has made credit cards compare very useful for
comparing credit cards for individual interested in opting for credit cards
