Credit Card Comparison Calculator
Use this credit card calculator to compare the long-term costs of credit cards that have varying interest rates, annual fees, introductory rates and compounding intervals.
Just enter your balance, payment, and the terms for each card, then click the "Compare Credit Cards" button. The calculator does the rest!
Please note this calculator assumes a constant monthly payment to compare the costs of the cards, so if you vary payments your actual costs will be different. Additionally, if the card doesn't include an introductory offer then just leave both the introductory fields blank for that card (as opposed to entering a zero in both fields).
Credit Card Comparison Calculator
Sometimes it is very overwhelming to find the best credit card that suits your needs considering that there are so many credit cards offers available in the market nowadays. The first approach for finding the best deal is to compare credit cards and find out which offer can help you save more money. Aside from calculating the numbers, there are other factors that you need to consider when deciding for a credit card. So, here are a couple of tips for making your choice easier.
Understand Your Need For A Credit Card
How often will you use your credit card? If you are you going to use your credit card for most of your expenses and you pay off your entire bill every month, then choose a credit card that has a rewards program or that offers cash back deals.
If you are a customer who carries a balance every month, save some dollars by comparing credit card offers with the lowest interest rate, so you can pay off your debt as soon as possible.
If you travel a lot, try to apply for a Gold or Platinum credit card as these cards allows you to accumulate points that you can convert later for free travels. With these types of credit cards, you may also enjoy the traveller’s lounge at the airport or avail their free travel accident insurance.
Understand The Different Rates And Charges
Classic, Gold Or Platinum: What’s The Difference?
Classic credit cards typically covers the features of any basic credit card. The interest rate is generally higher compared to platinum and gold cards.
Gold and Platinum credit cards are usually issued to consumers with high financial status and with good credit standing. This credit card usually offers extra services to cardholders, such as:
When shopping for great credit cards, keep in mind that your credit card should not jeopardize your current financial situation. Compare credit cards using the credit card comparison calculator and shop wisely!
Understand Your Credit Card Agreement
Before you decide which credit card to choose, read carefully the terms and conditions of the agreement. Make sure that you understand all your credit card charges. If you are unsure, ask your credit card representative. You may need to know
Get The Best Credit Card By Protecting Your Credit History
As we all know that one of the deciding factor when applying for a credit card is your credit score. For you to get a higher chance of getting the credit card of your choice is to protect your credit record by making payments to your existing credit card on time and avoiding loan defaults. A good credit record will also increase your chance of getting your credit card application approved. Proper management of your debts will help you increase your credit limit easily and increase your likelihood of being offered with a credit card with a lower interest rate. Handle your credit record well as this will help you increase your chance to get your credit card application approved.
Credit Card Terms And Definitions
Don’t get trapped with credit card debts. Educate yourself with the different credit card terms and choose the best credit card deal.
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