A credit card is not a one-size-fits all product. Here’s how to choose the most beneficial card for you based on your spending habits, goals and credit score.
1. Know Your Credit Score
Many Credit card issuers offer cardholders free FICO scores.
Experian, Equifax and TransUnion (the three major credit bureaus) sell credit scores.
Federal law allows for one free copy of your credit report from each of the three major bureaus every 12 months. Get yours at AnnualCreditReport.com.
2. Determine Which Card Fits You Best
3. Narrow Your Selection
Here’s how to determine which card type will offer you the best value:
Now that you’ve selected the best credit card for you, here are some tips on how to manage it with care.
Many credit cards have added benefits such as rental car insurance and complimentary airport lunge access. If you don’t familiarize yourself with these perks, you could be leaving money on the table.