Whether you are searching for your first credit card after getting a full-time job or you are interested in acquiring another credit card for the rewards benefits, nobody wants to waste his or her time aimlessly searching for a new credit card. You want to find the best option for you in the shortest amount of time possible. We have compiled a short list for you to consider to know how to maximize your time when comparing credit cards.
- Know What You Want
First, you should know what kind of credit card you want. Maybe you have just graduated high school and want a student credit card. Perhaps you are a frequent international traveler and are looking for the best travel rewards card. Finally, maybe you are a new mom who just wants to save on groceries and diapers. Knowing the type of spender you are and the type of card you think you want is helpful in knowing how to maximize your time when comparing credit cards.
- Talk to Family and Friends
Word-of-mouth is a great way to learn about different types of credit cards. My best friend and her husband asked a variety of people about what sort of rewards cards they had when my best friend and her husband were considering getting new rewards cards. I personally have also learned a lot about different cards by talking with those who are close to me. The benefit of talking to family and friends is that you will learn their personal experience with the card, and they are not trying to make money off of you, so they can give you their honest opinion. Money, and especially credit cards, can be a touchy topic, so do keep this in mind when talking to family and friends.
- Look Online
Another way to garner a lot of information is online. I have learned so much from researching credit cards online. Because you do not know the people who are writing about the cards, you do not have the same personal experience as family and friends, but you do have a wider variety of cards that you can consider. In addition, you can type in specific characteristics of the type of card you are looking for, such as credit cards with wine perks or cards with gas rewards. Finally, there are a variety of comparison sites available online where you can easily compare two or more cards. If you have narrowed down your options, this could be a great way for you to decide what card is going to be best.
- Keep Track of Your Findings
As with shopping for any kind of large purchase, it is important to keep track of your findings. You could compile all of the information about different cards into an Excel sheet or a Word document, depending on your preference. Having a way to quickly review what you have found will assist you greatly in maximizing your time in finding a credit card.
By following these four simple steps, you now know how to maximize your time when comparing credit cards. By knowing what you want, talking to family and friends, looking online, and keeping track of your findings, you can easily find the best credit card for you.