Dolan Do's for Choosing the Right Credit Card
There are hundreds of credit cards out there with a dizzying array of features...and, of course, each card claims to be better than the other!
How do you choose? Here are our top five tips for finding the right card for you:
- Get a card with a no annual fee!
- You want a minimum grace period of 20 days, but we prefer 25 or more.
- Make sure you get $0 fraud liability, now available on many cards. It's a must in this age of identity theft.
- Shop for the lowest annual percentage rate (APR) you can qualify for. If you pay off your balance every month, which we HIGHLY recommend, the APR is less important because you're not paying interest.
- More than 60% of cards offer "rewards" like rebates, cash back on purchases, etc. These cards can indeed save you money, but only if you pay off your balance every month and don't have to pay an annual fee. Otherwise, you're just giving the rewards right back to the credit card company!
Now that you've found the right card, make sure you get the most out of it with these credit-savvy tips:
Explore Dolans.com
Debt Management
- Pay Off Those Credit Cards NOW!
- The Latest Celebrity Bankruptcy
- Debt Management Help - Dolans' Debt Clinic
Family & Money
- Jobless Claims Rise: What to do When You're Out of Work
- Talking Money with Your Aging Parents
- Summer Travel Alert!
Save More
Bigger Profits with Less Risk?
An investment option that outperforms even in the midst of a volatile market? Yes, it's possible! Let me give you the scoop on why you should consider adding this kind of investment to your portfolio.06:23
Q:
Should I close out my credit cards after they are paid off or leave them open? Which option is best for my credit report?
Advertisement
