Many types of credit cards offered on the market. But, how to choose the credit card that is most beneficial for our needs?
Do you often get credit card offers? Or, maybe you are really looking for a credit card like what is most beneficial for you. With so many choices of credit cards, it is not a simple thing to choose a credit card.
The reason is, credit cards charge annual fees. So you need to make sure the credit card that you choose is indeed “worth the money” alias providing benefits that are comparable to the costs you have to spend. Indeed, there are currently many annual fee-free credit cards circulating on the market. However, it is not certain that the exemption from the contribution is indeed appropriate and beneficial for everyone.
The main principle of choosing something is adjusting to our needs or lifestyle. Here’s how to easily choose the most profitable credit card:
Before deciding to apply for a credit card, you need to understand that a credit card is a non-cash transaction tool that can help you practice transaction. However, at the same time, credit cards can also be a source of financial problems if their usage is inappropriate and not wise.
Understandably, credit cards are basically a transaction tool with a debt base. If the bill payment is past due, the credit card holder will be charged a non-cheap loan interest. Not to mention if you pay the bill late.
So, make sure you know exactly what your needs are like with the presence of a credit card in your wallet. You can start finding out what your credit card needs are by answering the following questions:
-Do you just want to pursue practicality in dealing?
-Do you often travel abroad or travel?
-Do you just want to hunt down discounts or promos offered by credit cards?
-Do you need a premium service?
-Do you need to get the ease of payment for various routine needs?
-Do you need a loan that is ready at any time?
-Do you need an attractive offer for a meal transaction?
-By knowing what your credit card needs are, it will be easier for you to find the most profitable credit card.
For example, you want to get lots of discounts or attractive promos for transactions related to traveling, because you travel frequently. Well, the most profitable credit card for you is of course a travel credit card with an attractive travel feature offer.
Compare products on the market
Cashback credit card
For those of you who like to take advantage of cashback promos, you can choose a cashback credit card. The best cashback credit card will offer a lot of cashback for various types of transactions made by credit card holders.
To choose the most profitable credit card for the type of cashback credit card, you need to consider several things, including: requirements to get cashback, the amount or value of the cashback provided, and other features that are quite attractive.
Travel credit card
Travel credit cards will provide many benefits for those of you who travel frequently or travel abroad. The criteria for profitable travel credit cards are credit cards with many supporting activities for traveling.
For example, giving lots of airmiles, giving executive lounge access, giving lots of offers for shopping at many overseas merchants, as well as a low exchange rate for overseas transactions.
Shopping credit card
The most profitable credit card for shopping enthusiasts is credit cards with many shopping convenience features, many have promos, extensive merchant networks and attractive reward counts for shopping transactions.
Premium credit card
Premium credit cards are needed by those who want a premium service. For high networth individuals or high income individuals, many need a variety of premium services ranging from insurance coverage with large coverage, executive lounges, priority access, to very large card limits.
Credit card groceries
The most profitable credit card for those who often shop at supermarkets or hypermarkets (groceries shopping).
In this segment, the best credit cards are the ones that provide the most benefits in the form of regular price discounts for groceries shopping. This credit card also provides many attractive offers such as cashback or rewards points that are easily exchanged into discounts for shopping transactions.
That’s an easy way to choose the most profitable credit card. Make sure the credit card you have at this time can provide optimal benefits to support your needs.