Consider These Five Crucial Factors Before Opting For a Credit Card
NDTV
If you are choosing a credit card for the first time, opt for the one with maximum rewards, no annual fee, and low-interest charges.
We receive calls as well as text messages from our banks daily. Among them are also the offers for credit cards. And while many might tempt you to straight away opt for them, it's always healthy to consider various aspects, including the fee and interest charges etc, before finally picking one. While an individual must take into account the credibility of the card company, it is also equally important to assess your financial situation and be sure that you are capable of paying off the card debts. Here are some crucial components of buying a credit card: Interest rate: A lot of credit card companies use the zero per cent interest rate policy to attract customers. However, when a cardholder fails to settle his/her debts within the promotional period, the companies levy high interest rates, which may sometimes go up to 25 per cent. Also, experts advise potential credit card subscribers to look around and opt for an option with the lowest interest rate to save money in the long run. Annual fee:More Related News