14.04.2024

How do I choose a credit card?

If we look at the history of payment methods, we can see that they have changed a lot. Nowadays, most people prefer cards. Security, practicality and convenience are some of these advantages. Knowing how to choose a credit card is very important!

There are many types on the market. And with the ease of applying for one online, it can be difficult to choose. They all offer different benefits, rates and interest. Do you know which one is best for you?

Choosing the ideal card for your style prevents you from paying for what you don’t use. If you have a credit card, it may offer travel insurance and you don’t even know it. Or if you’re not someone who buys a lot on the card and pays for points programs.

Our tip for you who already have a credit card and are looking for a second one is: why not consider an international card? Of course, with the premise of paying for what you use in mind. The international card is intended for people traveling outside the country, or for purchases on foreign websites.

How do I choose a credit card? – Bank

Pay attention to who issues your credit card. The same card, such as a Visa Gold, for example, may have different rates at different banks. Interest rates should also be analyzed. If you can’t pay your card bill, the interest can be very high.

If you are a customer of a bank, this is easier. Just talk to your manager and see what possibilities they can offer you. Just like negotiating the annual fee for a credit card.

How to choose a credit card – Annual fee

This is one of the five fees the bank can charge for using the card. Generally referred to as a maintenance fee, it is a fee charged for using the card.

Credit cards with more expensive annual fees usually come with greater benefits packages. That’s why it’s important to check whether they’re worth it for you. Those that offer miles, for example, usually have more expensive annual fees.

If you’re one of those people who try to spend as little as possible on your credit card, or even just use it for everyday purchases, a card with no annual fee might be a good idea.

How to choose a credit card – Benefits

What do you expect from your credit card? Being able to shop online and pay in installments? Spend and receive points? Advantages when traveling to airports? This should be an important question to ask yourself before making your choice.

As we’ve said, there’s no point in choosing a card that earns points on your purchases, but you don’t spend much or don’t want to worry about the high annual fee.

Once a card has been approved for you, it may contain benefits. Whether it’s the card company or the card brand. In fact, do you know how important the flag is when choosing a card?

How to choose a credit card – Flag

This is the company’s mark in the bottom right-hand corner of your card. It determines the places where the credit card will be accepted. It also contains exclusive benefits for customers. Such as discounts and advantages. Here are some of the biggest and most widely accepted:

  • Visa
  • Mastercard®
  • Elo
  • American Express
  • Hipercard
  • Diners

Visa offers the Vai de Visa program. A site offering discounts and advantages for customers. Simply register your card. Mastercard® offers Surpreenda. If you buy a partner product, together with the points you earn, you get another product just like it, for free!

How to choose a credit card – Profile

If you’re a university student, there are cards for this moment in your life. You can use your university card to help you buy materials, photocopies and other expenses. Check it out! There are credit cards for university students with no annual fee.

Now, if you’re one of those who loves a promotion, how about store cards? They offer special discounts in the stores where they are issued. Or even the advantage of being able to pay in more installments without interest.

If you love to travel, then there are special cards for you. With every purchase, you receive a certain amount of points (miles). These are usually calculated in dollars and can be exchanged for tickets, hotel reservations, etc.

Looking for a credit card with a high limit? High-income cards may suit you. Excellent for people who don’t want to worry about their card and spend a lot on shopping.

If you’re in the discount business, keep an eye on the loyalty programs offered by credit card companies. Discounts on movies, theater, concerts, etc. Ask about discounts when you apply for your credit card.