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What Does The Best Credit Card Look Like?
What is the best credit card? Is it an elusive fairy tale that doesn’t exist or is it a tangible item that you could one day obtain?
Believe it or not, the best credit card is indeed out there, but one person’s best credit card is another man’s nightmare.
Here are seven questions to help you find the best credit card for you.
1. Do You Hate a Balance?
If you pay your balance off in full each month and you can’t stand the thought of accruing interest, a rewards credit card is probably the best credit card for you. After all, you don’t pay interest anyway so a low-interest credit card isn’t going to do you any good.
You may as well be rewarded for your good spending habits and take advantage of the perks that rewards cards have to offer.
2. Do You Have High Debt?
If you carry large amounts of debt on your credit cards, a low interest credit card will be the best credit card for you. Rather than paying more for rewards (that don’t pay for themselves, no matter what they tell you) you will pay much less in interest and will be able to get your balances paid of faster.
3. Are You Planning To Make a Large Purchase?
Need to buy a stove, fridge, television or other big-ticket item? Then consider getting a credit card with a low introductory APR. If you only need six months to pay off a large purchase, a credit card offering an intro APR of 0-percent for six months is the best credit card for you.
4. Do You Travel Frequently?
Are you a jet-setter? Do you like to travel the world? If so, the best credit card for you would be a travel rewards card. In fact, some travel rewards cards even let you double dip.
What does this mean? Certain credit cards not only offer you miles for the purchases you make, but also allow you extra points for each dollar spent, which can be used for room upgrades at hotels and other travel perks.
5. Do You Believe in Charity?
If you like contributing to charities, you might be surprised to find out that there’s a credit card out there specifically for you. While some cards offer rewards, others will donate 1 to 2 percent of the amounts you charge to a specified charity.
While these cards also have higher interest rates than the low-interest credit cards, if you pay your balances in full each month they are a great way to do some good without spending anything out of your pocket, making them the best credit card for you.
6. How’s Your Credit?
If your credit has taken some significant hits lately, a secured card may be the best credit card for you. While a secured credit card does require a security deposit (acting as a savings account for you), it is a great way to rebuild your credit history and improve your creditworthiness in the eyes of lenders.
7. Are You All About Appearances?
Are you the type of person who really doesn’t care about interest rates, but you definitely want perks and you want to be recognized as the upper-class, respectable individual you are?
Then a carte blanch card (such as Diners Club and American Express) is the best credit card for you.
As you can see, the best credit card for one person isn’t necessarily the best credit card for everyone. After you have answered the above questions, look for an offer that matches the best credit card for you.
But Why Use an Online Mortgage Calculator?
An online mortgage calculator can be used to help you to determine just how much it is you can afford to borrow in order to purchase the property of your dreams. These types of mortgage calculators are helpful in that you will be able to compare the costs of several real interest rates with regard to various different loans. It will also help you to determine what impact the length of the mortgage will have whether you add principal payments or you pay bi-weekly instead of each month. All of the online mortgage calculators you find on the internet today are automated tools which enable you to quickly determine what the financial implications will be in relation to any changes which may occur or any variables that may happen with relation to your mortgage financing. The main variables that these calculators look at in particular are:-
1. The balance of the principal loan 2. The periodic interest rate and the compounded interest rate 3. The number of payments that you may make each year 4. The total number of payments that you will make in order to settle the mortgage 5. What each payment amount will be.
Certainly if you are one of many people who does not have a mortgage as yet and are currently looking for one then an online mortgage calculator may be a very useful tool indeed. You provide such information as what your income is along with your living expenses and this tool will then tell you just how much you are able to borrow. By using this particularly useful little online tool you will may well find yourself saving thousands of dollars as you can compare the various different mortgage loans on offer and so also be able to calculate what the true cost of each of these will be and then find the one that is the cheapest.
The great benefit to be gained from using an online mortgage calculator is that it is designed to carry out all the complex calculations for you rather than you having to sit there and figure them out for yourself. As previously mentioned all you need to do is enter what your annual income is along with any living expenses that you may have and it will then calculate the monthly repayments that you can easily afford each month and from this it will be able to calculate just how much your mortgage loan could be. So if you are looking for a way to easily find out just how much you really can afford when looking to purchase your dream home for the first time then why not go online and see what a mortgage calculator provides you with.