NEW YORK (LowCards.com) — The start of a year is typically when consumers take a close look at their finances, making resolutions on saving money and cutting expenses. So it’s good to know there are steps households can take to save a little extra and protect their finances in 2013, including getting the right credit card.
Changing credit cards can save substantial money on interest payments or earn some extra cash via rewards programs. But the choices can be overwhelming; there are more than 1,000 credit cards offered in the United States, and they are not one-size-fits-all, making it important to thoroughly research and compare cards to find the right one for your needs.
Before shopping for a credit card, it is important to have a plan for how you will use the “loan.” Are you a disciplined person that charges what you can afford and pays off the balance in full on time every month? If so, a rewards card is a good option. If you carry a balance from month to month, getting a card with the lowest possible interest rate is the most important consideration.