Choosing the plastic that they offer you leaving the cinema is something very dangerous, you better know which are the best credit cards.
The reality is that the best credit card will be the one that suits your needs, for example, that one that gives you miles for each purchase is useful if you rarely leave the city or the country.
Or that such as those that offer you to change your points in places that you do not frequent, it is important that you understand that the credit card that offers you the most benefits that will serve you will be the best for you.
It is very common that the first credit card that many have had the one offered
According to the National Commission for the Protection and Defense of Users of Financial Services (Good Financial), we all have different needs and do not use the cards in the same way, so first of all you have to do a small interview to know what it is that you suits.
It is very common that the first credit card that many have had the one offered by leaving a price club, or the mall, they accept it because they were offered, but they never asked what the Total Annual Cost was, what was the Annual interest rate, much less if they charged an annuity and how much it was.
Even if you think that all credit cards work for the same thing, the reality is that not all of them are the same, and so that your debt does not turn into a snowball that you can not even pay later, it is better that you take certain precautions.
This type of user should pay special attention to the annual fee
To make you fall twenty that you must have a series of filters to choose a plastic, just tell you that there are more than 130 options in the market, complicated, right?
Therefore, the Good Financial establishes a series of guidelines that you must follow before hiring this financial product:
- Payment pattern Figures from the Bank in Mexico , establish that 40 percent of the people who use their credit card are total, that is, they pay every month for all their purchases, so they use it as a means of payment.
This type of user should pay special attention to the annual fee. The classic cards are the ones that charge the lowest annuities in the market, although they are also usually the ones that grant the lowest lines of credit, says the agency.
Some classic cards, gold and platinum do not charge annuity. The offer is around ten options, according to date from the Bank in Mexico, although there are others that offer not to apply this commission if you use it at least once a month.
- Your consumption habits What use will you give the card? If you are one of those who only take it out when you want to take advantage of a promotion for months without interest or with a special discount, choose one that charges you a low annuity or does not apply it, without putting any condition to enjoy this benefit.
The objective is to have a credit card for any use that generates the lowest possible financial cost
Check whether or not there are other costs or commissions, for example, if the bank applies a commission for not using the card frequently.
- Your income It is not financially sound that you have a credit line of 50 thousand pesos if you earn 10 thousand a month. Therefore it is important to consider your income to identify the type of product you require.
You must evaluate, in addition to your income, other debts and financial commitments that already exist.
- Your lifestyle. You must identify what you spend more and how often. If you travel frequently it is advisable to choose a card that gives you miles for each purchase, so you can get free flights after collecting certain miles as well as hotel nights and access to VIP salar.
- Your credit history If you have a positive credit history (zero delays and you have never stopped paying), you will surely have no problem applying for another card or any other credit you need: a car or mortgage loan.
If you have a negative payment history and even fell into the default, the only way to get a credit card – useful for making purchases online or by making phone reservations or hotel reservations – is for purchasing a guaranteed or secured card, as you wish. call her.
Start your credit history with personal loans at your fingertips, do not get into a shirt of 11 rods and consider not borrowing more.