A credit card is something most people apply for at the beginning of their working life. Before applying, consider these questions first.
Will it help build my credit?
Choose a credit card that will report your payments to credit bureaus. This will help improve your credit rating.
How much does it cost?
Most credit cards do not have a high annual fee, except if you have poor credit rating.
What is the Annual Percentage Rate?
Look for a card that will give you the lowest annual percentage rate.
Does it offer rewards and what are they?
Rewards vary according to the credit card provider. It is best to do your research or ask the credit card provider about it.
What is the balance transfer fee?
If you plan to transfer an existing balance to your credit card, you need to ask for the balance transfer fees. Some do not charge a transfer fee, while others will charge you 2-3% of the balance.
Will it help build my credit?
Choose a credit card that will report your payments to credit bureaus. This will help improve your credit rating.
How much does it cost?
Most credit cards do not have a high annual fee, except if you have poor credit rating.
What is the Annual Percentage Rate?
Look for a card that will give you the lowest annual percentage rate.
Does it offer rewards and what are they?
Rewards vary according to the credit card provider. It is best to do your research or ask the credit card provider about it.
What is the balance transfer fee?
If you plan to transfer an existing balance to your credit card, you need to ask for the balance transfer fees. Some do not charge a transfer fee, while others will charge you 2-3% of the balance.