We come back to talk about credit cards because we consider all the information about this financial product to be indispensable and we also defend the correct use of this payment method with incredible potential in the management of Personal Finance.
Before we start, remember that credit card is not, and should not be, a problem for your cardholder, as it has many more advantages than disadvantages when your user makes the correct choice and applies the various tips for credit cards. credit.
My Requirements for a Credit Card
The interest rate is irrelevant
It is true that a credit card with a low effective interest rate (APR) is a must if you do not want to keep a balance in debt every month. Choosing to pay at 100% of your credit card bill is the best advice you can receive.
I value credit cards with rewards
It is always better to have a credit card that gives me rewards for their use, for example, UtangCard cards have already offered me a Delta Q coffee machine upon accession and years later an optimus mobile phone for my preference.
I prefer credit cards with miles-to-cash programs
Not because I do not find advantages in cash-back cards, but because it’s more motivating to earn miles for an unforgettable trip. UtangCard has platinum travel which is a card that accumulates points for each euro.
I prefer credit cards without annuity
but I accept to pay annuities if I have significant advantages – All the credit cards I have are without annuity, but I once had a credit card that paid an annual fee of 15 euros, but it had an incredible insurance program this was other times).
Credit card can be a good tool for managing your personal finances. However, it should be used with caution to avoid financial problems.