How to Find the Perfect Credit Card - Apply for Credit Card

Choosing a credit card can be very confusing. There are countless credit cards available on the market, offering different tempting schemes. It is natural for you to get baffled.

Well, there is no "best" credit card. Each person has different needs and preferences, and you must carefully evaluate yours to determine which card would work well for you. Financial experts at mymoneykarma can guide you on this journey.
Check Your Credit Report

The first and foremost job on your to-do list would be to check your credit score. By doing so, you will know which cards you are eligible for and accordingly eliminate the rest from your list of consideration. If you have an exceptional credit score, you will probably be eligible for almost all available credit cards, especially the ones with amazing perks. If you have a comparatively low credit score, your options would be less.
Generally, all the credit bureaus give you a free copy of your credit report once a year. You could also check your latest credit score for free with mymoneykarma's credit score tracker, or you could approach the credit bureaus and buy a copy of your credit report. If your scores aren't that bright and shiny, you should postpone your plans of getting a new credit card and instead focus upon improving your score in the meantime.
Identify Your Preference

You must narrow down on the exact reason for getting a credit card.
Are you trying to build your credit?
Are you planning to save some money on interest?
Are you looking for attractive rewards?
The card you choose must have features to meet your specific requirements. If you don't fly much, a card offering airlines privileges will hardly benefit you. Similarly, if you already have a stellar credit history, a secured credit card might not fit your purpose.
If you are a fresher in the credit world, you would want to build credit. Regular credit cards would be inaccessible to people with low credit scores. A student card or a secured credit card would be ideal for you. These are issued against some collateral (such as a fixed or a cash deposit), which you can get back once you have built enough credit to switch over to a regular credit card. Secured cards could be of use even when you are trying to rebuild a damaged credit history.
If your objective is to save on interest, you should opt for a low-interest card or a balance transfer card. Some people prefer using a credit card only during emergencies; a low-interest or 0% APR card would suit their purpose.

Some might have irregular income and thus carry a credit balance at times; this situation can be handled by a balance transfer card which can help settle high-interest debt easily and at lower interest rates. However, these cards might be inaccessible to those with a poor credit score.

If you are a smart user and know how to use credit cards responsibly, you should go for a rewards credit card. These cards typically have higher APRs, but you will never incur interest if you pay off your credit balance in full every month. These cards offer myriad rewards and benefits on every purchase you make.
Narrow It Down

Our website has an amazing section where you can look for the perfect card for you. Click here to access our flourishing list of available credit cards. Here are a few things that you must consider as you browse through the credit cards available for you.