Introduction

Annual fees, interest rates, bank partners, perks, cashback, and the list goes on and on. There are 100s of factors to consider when choosing the right credit card. 

Guru has your back. 

Let me break down the 5 most important factors to consider when finding the best credit card for YOU.

Doesn’t matter if this is your first personal card or business card or if you’re trying to get a free flight to Bora Bora, I have you covered.

Get ready for the simplest breakdown on the internet.

1. Rewards

If you are going to spend, you want to get rewarded. Everyone consumer gets excited about a specific reward type. Are you looking to get a free flight? Save money on buying presents for others? Or just want some cashback to help pay your next bill. What gives you the most joy? Pick the card that will get you closer to that! 

2. Interest Rates

Beware of the high-interest rate cards with the sexy upfront perks. If you don’t make your payments, you will get roasted. Seek out cards with low rates, allowing you to keep the interest rate monster away. Low rates = good. High rates = bad.

3. Fees

Pay close attention to annual fees, late payment fees, balance transfer fees, and any other charges that may try to steal your dreams. Choose a credit card with minimal fees, and read the fine print to unveil any hidden surprises. 

4. Credit Limit

Are you a frugal spender who prefers a lower limit, keeping temptation at bay? Or are you a confident budgeter who can handle a higher limit? Choose a credit card that aligns with your financial goals and allows you to wield your spending power wisely.

5. Additional Perks

Some credit cards offer benefits like travel insurance, purchase protection, extended warranties, or access to exclusive events. These little extras can be the cherry on top of your credit card sundae, enhancing your financial experience and adding a touch of luxury to your everyday life. Seek out the credit card that sprinkles extra joy into your financial world.

Conclusion

Congratulations, you officially know more about the Credit Card world than 99% of consumers. Now here is an exercise to put this learning into action.

Write all 5 of these factors on a piece of paper and put your preference for each beside it. 

As your Guru, I will recommend the best card for you through this link. 

Watch my recommendation match your answers on the piece of paper in front of you and welcome to the good life of low-interest rates and incredible perks. 

Until next time! 

CardGuru