How do I choose a credit card?

 How do I choose a credit card?

All cards differ in name, benefits, service cost, etc. When choosing a bincodes, you need to pay attention to the following parameters:

1. Interest rate. This is the amount of the loan you pay in order to use the bank's money. It should be understood that a low interest rate often means a high cost to issue or maintain a card, and vice versa.

2. Commissions and other payments. This is the cost of services for various card transactions. For example, banks often charge large fees for ATM withdrawals or account deposits.

3. Credit limit. Determine the maximum amount you want to borrow from the bank. All cards have a credit limit. The limit is determined depending on your ability to pay. The higher the income, the higher the loan threshold. If the limit is too large, there is a danger of losing control over spending and falling into debt. To prevent this from happening, carefully monitor your expenses and pay off the debt on time.

4. Grace period. This is a period of time (sometimes referred to by banks as a "grace period") during which you can use the borrowed funds for free with only a minimum payment. On average, it is 50-60 days. At the end of the grace period, the Bank of America routing number calculates interest.

5. Availability of additional options. It is very important for you to keep track of how the funds are spent, so you should connect to the SMS-informing service about the movement of money in the account or in the Internet bank. It will also be useful to have bonus programs - from paying for goods and services, you will receive various benefits, for example, accumulative points for paying for purchases.

All this information has already been taken into account by the Sravn.ru service. To choose the right card, you just need to enter a few parameters, and the credit card calculator will offer you a list of the best deals from banks.