29 April 2008
Price comparison of budget credit cards can be tricky, as you need to weigh up several money saving or enhancing features with the annual fee and interest rate. It actually depends mostly on how you will use your credit card as to whether a particular product will be suitable for you.
If you intend to use a credit card as a line of credit, then the best price comparison you can do would probably be based on the lowest interest rate for the lowest price. The more you intend to use the credit and the longer you will leave it before paying it off, the more important a low interest rate will be in comparison to a low annual price.
If you can repay your credit card regularly and do not intend to spend beyond your means, then a reward program credit card with interest free days could enhance your spending. You will pay more in fees than other cards if you just do a straight annual fee price comparison, but if you use your card correctly you could end up making a profit thanks to reward points.
Please visit our credit cards comparison page for the easy way to a credit cards price comparison.
