A look at the right credit cards for people in different financial situations

1. What is the right credit card for
you?
Image by Wimena Kane on
Flickr

2. Introduction
 First thing’s first, it’s important to stress that this
guide to credit cards is written by an interested web
user, not a financial expert, so please don’t make any
financial decisions based on the content of it.
 With that out the way, we hope you enjoy it!

3. A credit card for everyone…
 While there are obviously situations
where it’s not advisable to make an
application for a credit card (ie if
you’re in a difficult financial
situation), there are different credit
cards that suit people in different
situations.
 Let’s have a look at them, shall we?
Image by
Benson Kua
on Flickr

4. For the student…
 Everyone knows that students have
different spending habits and
priorities than most people, mainly
because they have to operate on such
a strict budget.
 As such, many financial providers
offer credit cards that are designed
with students in mind. These can
come with a range of benefits,
including rewards functions (from
discounts on shopping to freebies) as
well as cash advance and balance
transfer features.
Image courtesy of Tulane Public Relations on Flickr

5. For the big spender…
 Whilst it’s important to hammer home the
point of avoiding overspending, some
people use credit cards more readily than
others.
 If you’re in a position to, then fair enough!
But you’ll want to make sure you’re using a
card that gives you the best deal. One that
offers a fairly long term 0% purchase
period might be ideal, as would be one that
gives rewards for using your card more
(although always remember to live within
your means).
Image courtesy of Images_of_Money on
Flickr

6. For the saver…
 If you don’t like overspending at
the best of times, then goodness
knows you won’t want to when it
comes to credit card charges. As
such, a simple, no frills single rate
card is probably ideal.
 Not only will this present you
with a minimum fuss credit card
option, it’ll allow you to slowly
and surely build up your credit
profile – something that’ll prove
extremely helpful as you go on.
Image by o5com on Flickr

7. For those with an existing card…
 Already got a credit card,
but not happy with what
you’re paying? Then how
about looking at balance
transfer credit cards?
Many of these offer users
the chance to transfer
their funds at a very low
interest rate, sometimes
with no interest rate at
all.

8. A bit of everything?
 There’s a specific credit card out there to suit
everyone, it’s just a case of figuring out exactly which
one is for you. Even if you feel like you don’t fit any
of the money personalities mentioned beforehand,
do your research and see where it takes you. Taking
out a credit card is an important step for anyone, and
as such, you have to be certain that the card you take
out is the right one for you.