Compare Best Credit Cards In NZ

5 Credit Card Comparison Tips

1. Figure out whether interest is an issue. Most low interest credit cards don't earn rewards, and the best rewards credit cards have a high interest rate. For most people that always pay their bill in full every month, rewards cards are perfect. For people that carry balances, low interest cards are more suitable. Carrying balances on a rewards credit cards is unwise because the interest will eat away at your rewards.
2. Be realistic with your Credit Card limits. Having a high limit on your credit cards may seem really nice at first but a lot of the times this will lead to overspending. Only apply for a credit card limit that you need. You can always increase your limit later if you are eligible.
3. Decide which features are most important. There is no such thing as a perfect credit card! You will not find a single credit card with the best rewards, low interest rates and cheap fees. Decide which features are most important to you and only shop for credit cards with these features.
4. Be on the lookout for specials. Banks are always putting out extremely competitive offers to attract new customers. These specials could include a kickstart in rewards, no fees for the first year and great balance transfer rates. If you had some unexpected spending on your credit card, lookout for balance transfer offers to offload your balance to. This will buy you some extra time to pay off the balance.
5. Decide what sort of rewards are most beneficial to you. Credit card rewards could come in the form of cashback, FlyBuys points, Airpoints and in-store discounts. If you are not a frequent flyer, choosing a cashback card rather than an Airpoints card is more beneficial to you.