Tips for Choosing the right Credit Card
by Shane Stock

Credit Cards are now one of the most popular forms of short term debt. The reason for this popularity is that credit cards offer flexibility and convenience that no other forms of finance can provide. Just be careful that this new found freedom comes responsibilities, don't get a bad credit report in the process

When it comes to determining which credit card is best for you, you need to match the credit card features and benefits to your individual spending habits. Things you need to take into consideration is:

• How quickly do you pay your credit card balance off?

• Is you credit card balance paid off monthly?

• Do you travel much?

• Is your credit card balance generally ongoing, therefore no longer short term debt.

• Are membership rewards important for you?

How do I Choose the right card?

The first thing to remember it that nothing in life is free. Therefore the more benefits the credit card offers, generally the higher the interest rate, and the higher the annual fee. You should always remember that the banks are in this to make money, so when they look at packaging a credit card offer, profitability is always high on their agenda.