Today's credit card market offers such a wide and varied array of options for consumers that it can be easy to get overwhelmed by it all.
The standard way to judge credit cards has traditionally been on their Annual Percentage Rate (APR), but with such a range to choose from there are now a number of other variables which should be taken into account. So simply opting for the card which has the lowest APR may generally be the quickest method, but it is not necessarily the most financially astute.
When choosing a credit card, personal circumstances will be an important part of finding the card with the right qualities for you. For example, for long-term borrowers, the interest rate will be crucial, meaning that it may be best to switch regularly between cards to find the lowest rate. If you are the type of person who clears your bill religiously every month, then taking a card which offers a loyalty bonus or has no annual fee could prove a worthwhile investment.
Search and compare different credit cards and criteria with the
Know Your Money Credit Card Wizard.
