How to find the best credit cards for you

We all know that when we are passing through some financial issue, any kind of credit can be heaven. But, what about credit cards? Are they really worth it? And more importantly, which one is the best credit cards for you?

Choosing your ideal credit card is not as easy as it sounds because you have to take into account many factors that will depend on your financial situation and your needs. The good news is that there are a lot of credit card types, so it will not be so difficult to choose one that suits your needs and requirements.

Different types of credit cards, like almost anything else, have a lot of things to offer, as well as some conditions to be able to acquire them. 

So the thing is to find one that suits you in every way.

Well, you are in the right place, because here at Oxford Funding we are happy to help you to find your best option. So keep reading to discover which credit cards are in the market so you can decide which is the perfect one for you. 

You have to take into account that there is not such a thing as one credit card that is better than another, because they all have advantages and disadvantages. 

What is true is that you can find the best one for you, which in turn, may not seem like the best option to someone else. Because it all depends on the person and their possibilities.

So, knowing that already, we recommend you to follow these two basic steps when looking for a credit card:

1. Make sure you have a good credit score

Depending on your credit score, you can choose between different types of credit cards. 

Of course, the better your score, the better options you will have. 

Anyway, in case your score is not the best or at least not the one you expect, you can work to improve it by, for example, changing some of your spending habits. 

2. Think about which type of card may be the best for you

You can get an idea of ​​which credit card you need, by knowing the three general types of credit cards. 

Well, there are the cards that help you improve your credit, the ones that save you money with interest and the one that makes you earn rewards.

But there are more details that you need to know before applying for a credit card, so we are going to talk to you about some of the best credit cards of this year:

This credit card has a great no-frills rewards structure and also some student-friendly features. Besides, you don’t need a FICO history to qualify. 

This card has no annual cost, a regular APR of 12.99% – 21.99%, and an intro APR of 0% on Purchases for 6 months. 

It also provides a 10.99% intro APR on Balance Transfers for 6 months.

The recommended credit score is about 630 – 689.

Paying a mortgage is a process that will last for long time periods, so it is recommendable to be aware of the paydays and put together a payment plan that fits your routine.

Also, when you choose your credit card as your payment method for the mortgage, its credit should be enough to cover the payment each time you use it. This way, the payment process for the mortgage will be easier to handle.

The whole time that this process will last is another thing to have in mind because the payment will be an important part of your routine. 

Make sure to schedule your payments, this will give you better control over your personal expenses and will remind you to make your payment on the due date.

This credit card is actually quite similar to the one we mentioned above. It has the same characteristics, with the only difference being that it works with the cashback system. 

What is the cashback system? : It is a system that offers the advantage that a person who makes a purchase can receive a part of the amount back.

Besides having the cashback system, this type of credit card has exactly the same characteristics and percentages as that of students: no annual cost, a regular APR of 12.99% – 21.99%, and intro APR of 0% on Purchases for 6 months. 

It also provides a 10.99% intro APR on Balance Transfers for 6 months. 

Which maybe makes it one of the best credit cards with a cashback system for students. 

The recommended credit score is about 630 – 689.

Its annual fee is 0% and it has nice cashback rewards, also it comes with an introductory 0% APR on Purchases for a period of 15 months and 13.99% – 23.99% Variable APR.

The recommended credit score is about 690 – 850.

In the particular case of this card, your deposit is not equal to your credit limit. This means that your deposit may be even less than the amount of the credit line. 

You can also aspire to a higher credit limit without having to deposit more money. 

This one can also be one of the best credit cards to build credit if it is what you are looking for.

It has a 26.99% of Variable APR and also the recommended credit score is about 300 – 629.

If you are a business owner and you have the privilege of having a solid cash account at the bank, maybe this credit card is the one for you. 

Because it does not require a personal guarantee, which means that unfortunately if your business fails you are not totally tied to the current balances of your business.

It doesn’t have an annual fee and the recommended credit score is about 300 – 850.

It is a great credit card for those students who don’t have a credit history yet or even if they don’t have a social security number. 

The annual fee is 0% and 18.74% Variable APR. 

You should keep in mind that the recommended credit score is about 630 – 850.

So it is definitely not an easy task to choose which one to keep in case you need a credit card, because each one offers different benefits and terms but we hope that once you have finished reading this article you can have a clearer idea of ​​which one is the best for you.