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6 Smart Ways to Choose the Best Credit Card

Updated on July 12, 2024 , 9070 views

In today's world, choosing the best credit card isn’t easy. With so many options available today, it may be confusing to choose one! Also, it won’t make sense to pick a card without any research and regret later.

Choose best credit cards

So, to make your task simpler, here’re some major steps that will help you choose best credit cards for yourself.

How to Choose the Right Credit Card?

1. Know your purpose

Firstly you need to identify your reasons for getting a credit card whether it is to build a good Credit Score, pay your monthly bills, or simply shop online? Different credit cards are meant to be used differently as they have their own benefits. So, knowing your purpose beforehand will help you choose best credit cards as per your needs.

2. Features and benefits you're expecting

Each credit card has its own benefit or incentive to offer. Following is a list of benefits that can be helpful for your financial needs:

  • Reward points on the transactions
  • Cashbacks on purchases
  • Easy EMIs
  • Signup Bonus
  • Complimentary Travel Insurance
  • Air miles
  • Safe & Secure online shopping
  • Builds your credit score
  • Works in any currency

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3. Double-check the T&Cs

If you’re planning to buy a credit card just knowing about the benefits isn’t enough. Make sure you read the terms & conditions thoroughly rather then getting a heartbreak about any penalties or chargers later.

4. How much are you willing to pay

Every credit card comes with a different plan and cost. Generally, you will have to pay an annual fee. It may be worth it if you are getting enough rewards to Offset that fee. A few creditors may waive your annual fee if you’re able to achieve minimum expenditure.

If you’re carrying an outstanding amount beyond the due date, then you will be charged an interest along with a late payment fee. You may have to pay a foreign transaction fee, if you are using your card abroad. Furthermore, in case you exceed the Credit Limit, the Bank may charge you a fee. To avoid this, request your bank to exceed the limit of your card as per your monthly expenses.

5. The interest rate

The interest rate can be one important Factor when it comes to buying a credit card. Every credit card comes with an interest rate also known as the Annual Percentage rate (APR). It is applicable if you carry a balance. The rates by your bank can either be fixed or variable. In subject to change, the bank will notify you.

6. Know the types of credit card, pick the one you need

Once you’re clear about your requirements, you can choose the best one suited for your personal needs.

Here are some types of credit cards you can look for:


Once you cover the above steps, you’ll be pretty much confident and know how to choose best credit cards. But remember these points are just for your personal reference, in the end, it really boils down to your individual preference so choose wisely and get the right credit card for yourself.

All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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