When looking to get a credit card, there are a variety of things you should consider.
If you want a rewards card to use frequently, you might not mind paying a 0 or 0 annual fee.
Based on your perceived ability to make repayments, credit card companies assign a credit limit, which is the maximum amount of money you can borrow.
Unlike a debit card that uses your own money to make purchases, when you use a credit card, it is the lender who pays the retailer.
Credit card companies have been offering increasingly shiny rewards, sign-up bonuses, and travel perks to lure new users to spend with them.
This is great if you pay your bills on time and in full.
Credit card companies make money on fees and the interest that accrues on your revolving credit.For example, your Equifax Score is a number between 300 and 850.The higher your number is, the better your credit position is.Whether you’re after a card with a low interest rate, a balance transfer option or a rewards card, we make comparing easy.A credit card is an unsecured revolving line of credit, which basically means you can borrow money to make purchases without having to put up collateral (upfront cash).