Choosing your Credit Card.

In my part of the developing world, Nigeria, West Africa, the use of credit cards is becoming popular. It is used to pay for services rendered such as health care, purchase of goods, services and online payments.

Credit Card is a small plastic card that allows its holder to buy goods and services on credit and to pay at fixed intervals.

A survey of entrepreneurs carried out by an indigenous enterprise showed that credit cards are being used as sources for startup financing. Online credit card processing can increase one’s business revenue 50% to 400%

Understanding the conditions of use and terms of credit card financing is very important. The implications of personal guarantee should be understood.

There are many credit cards. Your choice should reflect your spending habits and lifestyle.

When choosing your credit card, look for the best company with the best possible deal. Research before making a choice. Look for incentives such as
1. Reward points
2. Annual Percentage Rate (APR)
3. Minimum payment amount
4. Interest free periods
www.creditcards.com
www.capitalone.com

There are various reasons why people prefer the use of credit cards
1. For cash flow purposes; you can make purchases leaving paycheck and other sources of income to generate interest.
2. To get instant cash, this is good for travelers or for emergencies
3. To fund all or part of one’s business.
4. For payment of taxes.

Look for the company that has the lowest rates possible for instant cash. Research
a. Introductory rates
b. Balance transfer rates
Some companies will offer you credit cards with amazing incentives especially if you have good credits and this can be very rewarding.
With others, your spending is better managed, better protected and better rewarded.
www.wellfargo.com
www.capitalone.com


Some companies can help you find the right credit card.
www.creditcards.com

Make sure that you get the card that is right for you.
Some credit cards are used throughout the world.
This makes them global credit cards.

You need to be a wise consumer.
Be bound by the terms of the credit card.