Overview Of The Best Credit Cards

February 3rd, 2010

Consider some of the following credit cards to see if they might be the best credit card for you. Understand the importance of assessing your personal financial needs before choosing a credit card.

0.99% p.a. for 12 months

Finding the best credit card must start with you assessing your own personal needs. What’s best for someone else may not be best for you. Whenever you see a list of the best credit cards, you should never be so dazzled by one feature that you simply go ahead and apply. You must always do a thorough check into the card details and make sure it will suit you, and also make a comparison to see if there are other cards out there with similar features that would better suit your needs.

Don’t forget to check out the features:

Credit cards have different features. Some may concentrate on one feature above all others, and some may try and cover all the bases, attempting to appeal to the widest range of people by giving a generally good mix of benefits. If you are in need of a balance transfer, then the lowest balance transfer rate for the longest period will be best, but you must also make sure that other features are not excessively punishing you, such as a far higher annual fee. This requires that you make a few calculations.

Check out the following best credit card:

One of the best credit cards overall at the moment would be the St George Vertigo MasterCard, with an interest rate of 13.24% p.a. p.a. on purchases, a $55 annual fee and complimentary access to St George Instant Benefits to instantly save up to 25% on some popular retail purchases.

For 0% balance transfers, you might take a look at the ANZ Low Rate MasterCard, offering % p.a. on balance transfers for months, and 0% p.a. for 3 months (reverts to 13.24% p.a.) on purchases thereafter.

The Citibank Clear Platinum is one of the best platinum credit cards because it combines a low interest rate with a reasonable fee giving you all the platinum perks.

For long-term balance transfers, the best credit card might be the Citibank Emirates card, giving you 0.9% p.a. for 9 months of the balance you transfer, plus access to the Skywards Miles reward program.

A good credit card comparison site will list all the various types of credit card and will identify the current top contenders in each category. From here, you should have a good idea of how the marketplace looks, and this will give you the confidence to search around so you know that you will ultimately choose the best credit card for you.

Editors Choice: Featured Credit Card Deals

	Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
Westpac 55 Day Credit Card	0% for 5 months (reverts to 19.59% )	3.99% for 6 months	$0	21.49%
Citibank Clear Platinum Card	11.99%	2.9% for 12 months	$99	21.74%