If you’re not comparison shopping, then you can’t complain about paying high rates on anything. That’s not to say that you will always get away with super low rates, but if you haven’t at least tried to find competing offers then you’re really killing your savings. When you can get the best deals, it’s the perfect way to put extra money in your pocket. Every bit of money that you save on interest can be used for something else that you need. What that “something” becomes depends on your unique financial goals, but it’s definitely worth looking into right here, right now.
Credit cards are honestly what you make of them, but that doesn’t mean that they have to be evil. If you want to compare credit cards go to Totally Money — that’s all there is to it. What you get out of comparison shopping is simple — you get a nice grid with all of the offers you wanted to look at, based on what you’re trying to get out of the card.
For example, if you want to just focus on rewards credit cards, you can do that. If you want to look into getting cards that have a zero interest introductory period, then that’s where you want to pull your focus towards. It’s completely up to you what you think about, but try to base it on the way you actually use your card.
No matter what credit card you select, proper credit hygiene is a must. If you are late on any of your payments, the features that you love about your card will be removed and your interest rate will dramatically increase. This is where people end up getting in over their heads. If you are facing credit problems, make sure that you’re honest about them before things spiral out of hand. The company has many ways to help you work through your credit instead of getting bogged down. If you fully default, you’ll have to fight a collection agency, which is probably the last thing that you honestly want.
It’s a great time to get credit, as long as you’re following the above advice. There’s nothing wrong with having things put together in a certain format — check it out for yourself today!