This Article is About
annual percentage rate
account statements
credit cards
credit card
Questions To Ask Your Bank To Find The Best Credit Card For Your Lifestyle
Join 1000's of Authors at StreetArticles Today!

If you are looking for the best credit card for your lifestyle, it’s rather difficult making a choice as there are hundreds of cards available in the market. These cards come with varying combinations of fees, benefits and interest rates. It’s thus better to ask the different banks for this information, so that you can compare them and choose the best card for yourself.

1. First of all, you have to ask the bank to find out how much of credit they are willing to give you. It is important that you know your credit limit, to ensure you don’t exceed your credit limit and pay unnecessary fees. Also find out if you will be charged for exceeding your credit limit, and how much.

2. Find out how much you have to pay the bank as APR (annual percentage rate) for using their credit card. In case the card does not charge any APR, check to ensure they don’t charge higher interest fees to compensate for this.Also find out what extra charges they charge like late payment fees, membership fees, over-the-limit fees and return check fees

3. Different banks not only charge varying interest rates for their credit cards, they also calculate theirinterest rates differently. Some of them calculate their interest on an annual basis and some of them, monthly.

4. Ask the bank how any change in contract that takes place in the bank is relayed to you. Most banks generally inform you via a letter. Find out if you have to pay any default rates for the card’s interest rates. If there is a default rate, also find out how the bank calculates it.

5. Ask the bank how often you will be sent account statements. It is generally better to have it sent to you on a monthly basis so that you can keep track of your expenses and not any atrocities in your bank account.

6. Ask if the bank has a fee for applying and for processing the credit card. Ideally, these charges should not exist.

7. Find out if the bank offers an introductory offer on the card’s interest rate and if it applies to purchases, balance transfers or both. Also find out how long the introductory offer lasts, so that you can budget your payments accordingly. Some cards also offer a maximum of 55 interest-free days for accounts that have cleared balances from the previous month.

Last, but not least, find out if the bank offers online banking facilities. Of course, banks that don’t provide online account access today are not worth doing business with. Online banking offers multiple benefits to you as you can use it to pay off bills on a weekly basis and thus keep your daily interest charges to a minimum.

Street Talk

No comments present
You May Also Like
Living A More Green Lifestyle
Yes I am another of those folks concerned about how we are treating Mother Earth! A green lifestyle is about learning to preserve and protect her. Not to take her for granted. We simply cannot continue to pollute and exploit our planet. We must learn to work more with Mother…
By: Arthur5 in  News and Society  >  Environmental   Jan 22, 2012  
  Likes: 3

Drawing As A Lifestyle
Have you ever thought of drawing as a lifestyle? Or art, in general, for that matter? It's perhaps a different way of framing how you use your artistic skills. Drawing is certainly a means which one can use to create some very cool finished products. It can lay the ground…
By: Trevor Ledford in  Arts and Entertainment  >  Visual Graphic Arts   Jan 18, 2012  
  Likes: 1

Get The Lifestyle You Deserve!
How do you make your business run successfully? Plain and simple by duplicating and copying what others are doing! This is the easiest way for you get the lifestyle you deserve. We all have to start somewhere, my advice for you is to find yourself a mentor or find someone…
By: Chery Schmidt in  Internet and Businesses Online  >  Traffic Building   Jul 01, 2011  
  Likes: 0

How Can I Have A Comfortable Lifestyle Working Online?
Not for the Faint of Heart The title question is typed into Google frequently. Learning to make money online is a process that takes hard work including frequent updating of your marketing site. Learning how to keyword your site is important. Social networking interaction if done right can increase your…
By: Patricia R in  Internet and Businesses Online  >  Internet Marketing   Apr 16, 2013  
  Likes: 0

Keep Weight Off: The Running Lifestyle
A problem many people have with losing weight is that they are good at losing the weight, but they are not good at keeping it off.
By: Alec Lautenschleger in  Health and Fitness  >  Weight Loss   Jan 23, 2011  
  Likes: 1

Lose Midriff Fat,Adopt a New Lifestyle
Well you're in forty's or maybe you're pushing fifty's and that gut has got some extra layers on it. Well you never had this problem before where did it come from and how do you get rid of it? Maybe you have heard it called dun-lap disease, beer gut or…
By: Gene in  Health and Fitness  >  Weight Loss   Jul 06, 2011  
  Likes: 0

Hawaii State Payday Loan Laws
Like many states Hawaii has had the payday loan industry in place for several decades allowing anyone to obtain a payday loan. Unfortunately the state does not have an overall high income and many areas are poor so the state is finding more and more people are using payday loans…
By: Leo E in  Finance  >  Debt Consolidation   Dec 06, 2012  
  Likes: 0

Alabama State Payday Loan Laws
Like many other states, Alabama allows consumers to take out short term loans, also known as payday loans. These loans require repayment in full within a short period of time and have excessively high interest rates on them. When factoring in that short period of time and the amount of…
By: Leo E in  Finance  >  Debt Consolidation   Dec 08, 2012  
  Likes: 0

V5c Loans - What Are They?
These kinds of loans are additionally recognized as logbook loans and you'll be sure that by doing a search on-line for either of these terms you can come across a enormous variety of opinions and details regarding both the benefits and drawbacks. As the name suggests, v5 logbook loans are…
By: Al Morgan in  Finance  >  Loans   Jul 27, 2011  
  Likes: 0

Insane Interest Free Periods
I firmly believe the credit card firms should be held accountable to some degree for consumers Now, in theory, these are fantastic, IF you are disciplined enough to use it ONLY for that duration. Nowadays we are seeing up to 40 months interest free options, that's more than 3 years!…
By: Dave Page in  Finance  >  Credit   May 28, 2016  
  Likes: 0

Benefit Of Getting Easy Personal Loan In Singapore
In the past years, it may be difficult to take out a loan from a bank. But now, it is easy to get cash help from the money lenders. If you are faced with personal financial situation, it is important to find a good lender. The benefits of getting easy…
By: creditexcel1 in  Finance  >  Credit   Apr 18, 2016  
  Likes: 0

Seamless Chex: Your Fastest Way To Accept Check Payments Online
Do you want to have your check processed in a shorter period but can’t find any bank to do it for you? Worry no more because here comes Seamless Chex that provides a faster way of check payment processing. In as quickly as 60 seconds or less, you can already…
By: Ryan Steyn in  Finance  >  Credit   Apr 15, 2016  
  Likes: 0

Credit Repair to Get the Clean Chit for the Credits And Loans
When we plan to make the make the payment using someone else’s money is in simply terms a credit. Whenever a person applies for a loan or mortgage or even a credit card, it is the fact that they getting the borrowed money from someone who has deposited the money…
By: Smith Davidson in  Finance  >  Credit   Apr 02, 2016  
  Likes: 0

Born2invest As A Storytelling App
There’s something classy about the Born2Invest app. It’s neat, simple, and professional. Unlike any of its competitors, it is deprived of useless web elements typically found in a content curation app. “It is very undemanding and navigable,” said one tech journalist during the app’s official launch in Manila last July.…
By: Arturo Garcia in  Finance  >  Credit   Mar 11, 2016  
  Likes: 0

Find Out About Zone Voucher LTD
People have an increased interest in electronic money, because it has become more valuable than ever and although more and larger retail shops have accepted payment with e-wallet, buying coins and money of all kind is not an easy job. This is where Zone voucher LTD comes in discussion, offering…
By: Sheraton Veranda in  Finance  >  Credit   Feb 19, 2016  
  Likes: 0

Article Views: 1527    Report this Article