Credit cards are an important part of modern society. Card is very much needed for online transactions or paying bills. For those of you who spend a lot of time to shop is certainly very needed this credit card?
Credit cards are not just a plastic card, but these magic cards are capable of changing a person’s life. Do you plan to get a credit card? Today i am going to share how Choose Best Credit Cards For Low Salary easy….
Well, before we dive deeper you should note that your annual income is the main factor considered by the credit card issuer. So you must have a decent salary to be accepted by the credit card issuer.
Each bank / credit card issuer has different policies. For that we will provide information to you for easy to choose credit card in accordance with your income.
How to Choose Best Credit Cards For Low Salary?
Someone with the highest salary will get a higher chance to be approved by the credit card issuer. What about your low salary and bad credit? It becomes a problem today people have low salaries but many use credit cards. And for you low salary, you have to use credit card wisely.
Main Goal You Have Credit Cards
What’s the best credit card type? it depends on what your main purpose is to have a credit card, for example for personal lifestyle purposes, small business, or used by students and students! In general, there are four types of credit cards that are widely used, among others: low interset cards, reward cards, secured cards, and student credit cards. So, think what your main purpose. You here is a low salary, then you should see the advantages and disadvantages of each type of credit card.
Calculate the Amount of Interest Rate and Other Fees
Before you decide to choose a credit card, the other important thing is to look at the annual interest rate applicable to your credit card application. If your salary is low, then you should adjust it to your current financial condition. In addition you also need to ask about additional costs to be paid. Such as annual fees, administrative fees, late fees penalties, over limit …
Understand the Applicable Terms and Conditions
Do not be tempted by a bonus offer or low interest when you choose a credit card. Sometimes there are special requirements that you must meet to get these benefits, and it is usually rarely disclosed clearly and clearly by the bank or any financial institution issuing credit card products. For example, light interest only for the first 6 months only, or bonus gadgets provided if you have made transactions within a certain period. So, look closely, and do not be easily tempted by an ad or promo offer.
Make Sure Your Credit Card Can Be Used In Many Places
Another thing you should consider when choosing a credit card is to make sure how much and how extensive your credit card product can be used in various places. The more stores (merchants), businesses, and companies that can accept your credit card for transactions, then it is a credit card product that you need to include in the list of your choice.
Actually it is not difficult to apply for a credit card, you must have a steady job with adequate salary. In addition you should scan your account and salary books for the last 3-6 months. As healthy as you are financially, the greater your chances of getting a credit card.