If you want a financial solution to your spending needs, a credit card is a great option. But these days, a credit card can come with some great deals, so here’s how you make a great choice!
Think About These Things First:
- Work out how much you can pay off each month feasibly.
- Consider a card with more interest-free days so you can manage payments.
- Consider cards with low to no interest rates with a low annual fee, or flat monthly fee.
- Select a credit limit that isn’t beyond your means so you can curb any overspending in a proactive manner.
Know The Pros and cons of Credit Card Options
Store Cards
Store cards can turn out to be an expensive shopping endeavour, you can often use them in only specific stores, and they often come with higher interest rates, if a store offers interest-free deals, make sure you know when the deal is ending and check any purchase rates as these can often be in the fine print.
Rewards Program Cards
Credit card reward programs often sound incredible as you can get rewarded for spending money on your card. These rewards are often in the form of redeemable points, but they also can come with higher interest rates or unseen fees. So check the benefits and make sure you’ll actually use them so you can justify the price.
Cards With Extras
Certain credit cards come with extras like travel insurance, for example. But nothing in the world is really free so these cards often come with higher interest rates or higher fees as a trade-off. These can be useful if you happen to travel often, but not, you might benefit from another deal.
Use Sing Saver!
One way to compare and decide on which credit card will get more rewards that suit you, in the long run, is to look into Sing Saver’s handy credit card rewards programs. Made for the financially smart Singaporeans, Sing Saver makes it so you can filter through great credit card options based on the rewards themselves, so you can get more back where you need it!
