Best Credit Card Options

May 14th, 2010

If you’re seeking the best credit card options to suit your financial needs, there are several factors you should consider. After all, not everyone has the same finances, so it’s only fair to assume that some customers may require different options than others.

Citibank Clear Platinum is an excellent all round credit card, with an excellent low interest purchase rate, a balance transfer offer of ‘ . displayBalanceTransfer(‘6′) . ‘ and half price annual fee for the first year’);?>

Finding the Best Credit Card Options

When you’re trying to figure out the best credit card options to suit your financial needs, remember to consider some factors that could affect your finances.

Different customers have very different spending habits and different requirements from a credit card account. Before you choose a card, be sure it will be right for your particular needs first.

Best Balance Transfer Options

A balance transfer credit card is designed to reduce the amount of interest you pay on your outstanding credit card debt. By rolling your debts over to a balance transfer card, you won’t be paying high interest rates, which can save you money and reduce your monthly repayments.

However, there are two types of balance transfer offer to choose from, so make sure you understand which will be the best credit card options for your situation. A shorter term transfer might offer you rates as low as 0% for six months, which means you’re not paying any interest on the amount you owe.

Unfortunately, if you don’t repay the entire balance before the end of the introductory period, the rate will revert to the standard purchase rate, putting you back at square one.

A long term balance transfer can allow you to benefit from a low interest rate for however long it takes you to repay the entire balance. You have the security of knowing your rate won’t change until you’ve gotten your debt back under contr

Best Rewards Program Credit Card

Some cardholders use credit cards to pay for purchases frequently and are often diligent about repaying the balance regularly. These types of customers might benefit from searching for the best credit card options with a rewards program attached.

This could be a frequent flyer miles type of program offering flights or travel, or a simple reward points program where you can redeem your points for things like shopping vouchers, cash back, electronic gadgets and much more.

Best Value for Money Credit Card

Depending on your own personal spending habits, you might find that the best value to suit you could be finding a credit card with a low annual fee and plenty of interest free days.

If you’re willing to repay your outstanding balance every month in full prior to the statement due date, you could find you pay no interest on the amount you’ve spent on your card. Add a low annual fee to this and you have a great value credit card.

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	Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)