Applying for an All-Round Credit Card

Written on November 11, 2011 – 1:30 pm | by admin

All-round credit cards are popular with consumers as they offer good rates and are useful for everyday spending. For instance, if you were to use an all-round credit card, you could expect to enjoy benefits such as 0% interest for 16 months on balance transfers and money transfers, a low balance transfer fee and 0% interest on your purchases for six months.

Before you commit to your all-round credit card application, it’s worth doing a little bit of research to make sure you are choosing the card that is best for your needs. For instance, while the balance transfer benefits are appealing to a lot of people, others find that they would rather have an extended interest free period on their purchases. If you think that would be better for you, you might want to consider an alternative such as a purchase credit card.

Looking at the APR before you apply for an all-round credit card – or any other type of credit card – is also important. This is because the APR is what tells you how much interest you will be paying once the initial 0% periods end. If you pay off your credit card balance in full every month then you won’t need to worry about this; however, if you pay off your balance over a period of months, interest will start to accrue. This means getting a competitive APR matters.

Finally, you might also like to look at the reward scheme on offer with the all-round credit card you are thinking of applying for. You can often get some great added bonuses, such as discount schemes on a range of products like holidays, gym membership and days out. As it’s always a good idea to make the most of your money, it’s certainly worth looking out for the available extras that help to make your card even better.

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