Get the best credit card:

 

CreditSense was founded because we know it’s important for consumers to understand the underlying factors in choosing and applying for a credit card.

 

There are numerous credit cards available today, and they each have different characteristics that may or may not make them right for you.   Here are a few basic things you need to keep in mind:

·      Your spending needs including what types of goods and services you’ll be purchasing using your credit card

·      How you intend to pay back the amount of credit you use

·      The number of credit cards you need to carry          

·      Your credit score / credit profile

·      What benefits you expect from your credit card

Knowing what your credit score is and anticipating the credit rating  a card issuer might assign you is a good first step in obtaining the credit card that is the best fit for your needs.  Soon you'll be able to use our credit score estimator tool to get an idea of your credit score, or you can use a credit score or credit monitoring service to see your credit score and get a precise breakdown of your credit score, including areas and tips on where you can improve your score.

Once you know your score, you should assess your top priority.  If you intend to carry a balance, then you will likely want a low interest credit card to minimize the amount of interest you will be paying.  If you will always pay your balance in full but want purchase protection features or the best rewards program (airline miles etc.), then interest rates may be less important, and you will want to closely compare the benefits associated with each card.

If you have several different needs, you may want to apply for multiple cards.  For example if you have a small business and want to track your business expenses, having a business credit card makes keeping track of those expenses much easier than trying to sort out charges on a statement that combines personal and business expenses.

 

Good Credit Sense:

 

Remember that the purchasing power that comes with a credit card isn’t like extra money in your pocket.  You need to approach credit card use with discipline and restraint.  Review the fine print in your card agreement.  Pay your credit card statements in a timely manner, and never spend more than you can afford to pay back,  Don’t fall into the trap of accruing more debt than you can afford to pay off quickly.  Credit cards can offer valuable benefits and protection and can make your life easier when used wisely.