Compare and contrast to choose the right credit card

Inundated by choice, consumers can quickly become overwhelmed when it comes to picking a credit card. What are the key credit card features cardholders should look out for?

The credit card market is vast and competitive. Gold, silver or platinum? Reward, store or premium? Mastercard, Visa or Amex? 

To be able to sift through the options and find your perfect match, you need to do your research and compare and contrast the different cards on offer. 

The card that’s right for you will depend on your personal finances, the purchases you plan to make, and your ability to make repayments.

But what should you look for in a credit card?

Comparing credit cards rates and fees

With hundreds of options to choose from, it can be difficult to decide which credit card is right for you.

A helpful exercise is to compare and contrast the rates and fees of different credit cards.

One of the main fees to look at are annual or monthly fees. These fees are what you pay to possess your card. Some cards will have higher annual or monthly fees, while others may carry non-whatsoever. 

Other fees to compare and contrast include late payment fees, international transaction fees, cash advance fees, and balance transfer fees.

Credit cards will also vary according to their interest rate. Also known as the purchase rate, this is the interest you’ll be charged if you fail to pay your balance back on time.

Then there are offers of interest free period to consider. This is the number of days where you won’t be charged interest on your purchases. These deals can start from 25 days interest free and soar well above the common offer of 44 or 55 days.

Another decisive feature of credit cards is rewards programs. These cards typically carry higher fees and rates in exchange for the opportunity to earn points towards flights, movie tickets, or hotel stays.

How to pick the best credit card option

The best credit card for you depends on your financial situation, the purchases you intend to buy, and how you plan to make repayments.

A key question to ask is, can you pay back your balance in full by the due date?

If the answer is no, then you’ll want to consider a credit card that has a low interest rate. If you’re already struggling to pay your bills, consider whether now is the right time to get a credit card.

If the answer is yes, and you’re confident you can pay off your balance on time then a credit card with a long interest free period is the way to go. 

Cards like the humm90 Platinum Mastercard offer customers a lengthy grace period of up to 110 days interest free. The freedom this offers lets cardholders make their repayments gradually over time and reduce installments.

The flexibility of a long-term interest free period can help make a credit card a financial aid instead of a burden.


Visit humm90, and compare and contrast to find a card that best suits you.

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