The Ultimate Guide to Choosing the Best Credit Card for You

February 2, 2023

When it comes to picking the right credit card for you, there are a few important factors to keep in mind. As a consumer, it is essential to do your homework before applying. Look closely at all the fine print. Are you trying to build credit with your first card? Do you travel frequently and want rewards? Here are some common credit card features to keep in mind when choosing the best card for your needs.

Travel rewards: If you’re a frequent traveler, you may want to look for a credit card that offers travel rewards. These cards often come with perks like free flights, hotel stays, and rental car discounts. The more you spend, the more rewards you earn.

Cash back rewards: If you’re looking to earn cash back on your purchases, there are plenty of credit cards that offer cash back rewards. Some cards offer a flat cash back rate on all purchases, while others offer higher cash back rates on specific categories like groceries or gas.

Building credit: If you’re just starting to build your credit, you may want to look for a credit card that’s designed for people with limited or no credit history. These cards often come with lower credit limits and higher interest rates, but they can help you establish a positive credit history.

Annual fee: Many credit cards come with annual fees, which can add up over time. If you’re looking to save money, you may want to look for a card that doesn’t have an annual fee.

Sign-up bonuses: Many credit card issuers offer sign-up bonuses to new cardholders. These bonuses can include things like cash back or travel rewards. Although this should not be the sole factor in your decision, it can add a little extra incentive.

Interest rate: It’s important to look at the interest rate of the credit card you’re considering. If you’re planning to carry a balance on your card, you’ll want to look for one with a lower interest rate. Some cards even offer 0% interest on balances transferred from other credit cards. This is a good option if you are consolidating credit card debt in order to pay it off faster and more economically.

Flexibility: Consider a card that offers a variety of rewards programs and redemption options. This will give you more flexibility when it comes to using your rewards. Also, look for minor details like late fees, minimum monthly payments, or foreign transaction fees. These often-overlooked features can add up quickly, depleting the supposed benefits of the card. Also, keep in mind that many of these features are negotiable if you are willing to put the time in to call a customer representative.


Overall, picking the right credit card is all about finding the one that best fits your needs and lifestyle. Take the time to do your research, and you’ll be well on your way to finding the perfect card for you. Remember to always pay your bills on time and use your credit card responsibly to avoid any unnecessary fees and interest. And if you have questions about credit cards, contact us today. At FCU, you get free expert advice to help you make wise financial decisions and live comfortably within your means.

Join Us

Become a Member - Click to Join - We're here for you.

Have a Money Question?

Ask the Money Man - click here