Thursday, July 29, 2010

Wondering how to compare credit cards online? You're not alone: smart consumers know that you don't buy anything without checking other companies, so why should a credit card be any exception? Snapping up the first credit card you see can lead to a major case of buyer's remorse.

Fortunately, in these high-tech days, it's a cinch to compare credit cards without ever leaving your home!

The first steps: knowledge

Comparing cards won't do you the least bit of good if you don't know what you're looking for. Before you set out on your quest for the perfect credit card, carefully read through the information at a great source of credit card information like Credit Card Whiz Kid. That way, you won't get caught off guard.

The second step: personality

Never rely on anyone who tells you they know the 'very best credit card.' The simple fact is that the best card for one person might not be the best card for someone else. Decide what matters to you. Interest rates? Rewards? Annual fees? Credit limits? There are tons of factors to consider when buying a credit card, and which matter the most to you is an entirely personal consideration.

Given that, make a list of the most important things you're looking for in a credit card. Then take a serious look at your credit score: you need to know what sort of rating you have so you know if you should even bother applying for some of these cards.

The third step: narrow it down

With your focused list of what you want, you should be able to compare credit cards more effectively. Start by browsing online and looking through the many different credit cards available. Most list their key features in point form, so there shouldn't be a painful amount of reading involved. When you find something you like, take note of it.

When you have four or five cards you're interested in, narrow things down. First, make sure your credit rating makes you eligible for these cards. Then see if you can eliminate any from the list. Are there things that clearly make one card stand out from the others, either good or bad?

Try to get the list down to no more than 3 cards before you make any applications, since credit applications can actually cause slight damage to your credit rating. By then, your ability to compare credit cards should leave you with a clear picture of what you want and how to get it!

For more tips on credit cards, saving money and avoiding getting taken, check out CreditCardWhizKid.com, a website that specializes in providing credit card tips, advice and resources.