Understanding Your Credit Card Options

If you are seeking a new credit card, you may not be aware of every option open to you.  Essentially, your options are defined by your credit rating, if you have one.  You will get better offers for excellent and good credit, and you can expect to pay higher APRs (annual percentage rates) of interest on it when you have fair credit, you are a student, or if you are establishing credit for the first time. If you are looking to rebuild credit and you’ve had marred credit or do now, you can expect to pay the highest interest rates, but there are still some good offers to start out with initially.  So how do you weed out all the bank card solutions open to you?

Your Credit Card Choices

All you must do is go to website. The site has amazing search filters listing the leading credit card offers based on the needs you define.  Got bad credit? Wallet Counsel lists several secured credit cards you can start using to get back on your feet with credit reporting cards. You must make a refundable deposit to be approved and the credit line is based on the amount of money you deposit into the account.  Once you demonstrate responsible payments you will receive a credit increase.

If you’re a student there are special offers available that you can apply for and you can pull them up under the student category.  If you are a business and you need it for purchasing business equipment, again there are listings on Effectify you can examine. Additional cards on Effectify include;

Traditional bank cards: These are relatively low rate cards in terms of interest, and you can even take advantage of balance transfer solutions if you want to compile your debt under one card with a reduced interest rate. Effectify gives you the advantage of being able to compare rates with incredible ease – at a glance.

Low APR Cards – Some of them have a fix low APR and these cards are excellent if you are in the market for a big-ticket item and you anticipate having to pay it off over the long term.

Zero APR Introductory Cards: They apply no interest for a set period but they will eventually apply interest once the introductory time agreement comes to pass.

Rewards: Some consumers love to get as much out of it as they can so they apply for those that have travel or points redemption rewards.  Some offer cash back options as well that can really add up over the course of time.

If you think the search for a bank card is cumbersome and daunting, then it is time to head to Effectify.  There you can search for cards based on APR, balance transfer, rewards, credit rating, and more.