Selecting the best credit cards for good credit involves part art and part science approach. No single card is better than every other and no single card is best suitable for everyone. But once you have an understanding of your options and also ask the right questions, it will be easy for you to know determine the best credit cards for good credit that fits your needs and spending habits.
Here are some steps to help you determine the best credit cards for good credit:
1. Ensure you check your credit score
This will give you an idea of the best card offer you will be eligible to get. The higher your good credit score, the better your chances of getting the best credit card for good credit which will come with great benefits. After checking, if the score falls below expected, you will need to check your report to determine the cause of the problem. Then you can start working towards improving your score by changing your spending habits or by disputing an error on the report if it is necessary. Every individual is entitled to one free copy of your report from the entire three major bureaus every year.
2. Selecting the type of credit card you need:
There are three major types of cards:
Card to help improve your damaged
Cards that saves you money on interest
Cards that earn rewards
The best credit cards for good credit which will suit your needs are those which have the specific features that you require. For someone that doesn’t travel, getting the travel card won’t be the best credit card for good credit top fit the applicants need.
-Building or Rebuilding Credit using a Student or Secured Credit Card
Student credit cards are unsecured cards which are created to meet the needs of college students who are new to credit. These cards are easier to qualify for than all other cards while a secured credit card requires a cash deposit of $200 or more. This deposit will be refunded once the account is upgraded to a regular account.
Save on Interest with Low interest, 0% APR or Balance Transfer Card.
Using a card with an introductory 0% APR and a low-interest rate could be the best cards for good credit if you use it just for emergencies or in a situation where you don’t have a regular income and carry a balance from one month to another. Using a balance transfer card can help make payments for a high-interest debt using interest-free card. It should be known that most of these offers will be difficult to get for someone with an average or poor score.
-Get Rewards with a Reward, Travel or Cash back card.
A reward card is the best credit card for good credit if you always make timely payments of your balance each month and never carry it from one month to another. This card usually comes with a higher APR than others but come with great signup bonus, gives points, miles and cash back on every dollar spent.
3. Go for the Best Credit Cards for good credit that offers the best overall value
There is nothing more difficult than selecting between 2 or 3 similar cards. It’s advisable to look closely at the differences. With all other values in place, there are some things you should consider:
-For a Student and Secured Cards
Credit limits could automatically increase. Some cards will give you the opportunity to increase your limit after making some consecutive on-time payment. Some Secured cards will also put up your security deposits in an interest earning security deposit. This will help you earn a small amount of money on it.
-Using a Low-interest rate, 0% APR or Balance Transfer card
Some issuers of best credit cards for good credit will give you an opportunity to create a debt payoff plan online which is a great tool when engross with so much debt. No Late payments and penalty APR will ignore charges. This could be very important when you delay payments.
-Revenue, Travel and cash back cards
This will only require you to spend as little as possible to qualify for a sign-up bonus. There is no expiration date for rewards. Some cards will only require you to keep it open in order to use the rewards.