Saturday, December 17, 2011

How do I know what Credit Card to Choose?

I want to know How do I know what Credit Card to Choose? I don't have a little credit but not much. I have never really had a credit card and very little lines of credit open.|||look at the intrest rates and annual membership fees|||Easy. DON'T|||I've used this site http://www.cardtron.com it's great for finding credit cards that fit your needs.|||None is best. But today in America you need it for many things like hotel rooms and rental cars etc.


I suggest a "collateralized credit card. Limit it to $500 or $1000 depending on your needs.


This kind of card will establish a credit worthiness and give you the safety of not caring cash.


The way it works is you give the credit card comp., bank $1000 and they extend that much in "credit".


This works well for people who have lost credit (bankrupt) and need a card. You are lending to yourself and have a very low limit. So if you max it out it is your money and it stops at $1000. The bank will give you a $10,000 card and has no problem if you max it out the first week!


Hell 25.99% they can't loose!|||The type of card you can get will first depend on your credit.So long as you know your credit score begin looking for a card within the range of your credit score that you can successfully be approved for.





Once you see the list of cards available to someone with type of credit score.Then you can begin comparing the cards by features like the





APR (Annual Percentage Rate)


Annual Fee etc


other interest charges etc





and depending on your budget see which card works best for you.

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