Choose a card that suits your personality
and done that. You are great at financial planning and almost everything is in perfect shape. You never default on your payments and never spend beyond your means. Reward offers don’t alter your spending pattern and you plan every move before executing.
For you, the best suited card is one with cash back facility and a good reward structure. The reward points should accrue irrespective of the type of purchasing done and can be redeemed at one go. Interest rate on your card doesn’t matter much as you always pay on time.
Example: Citibank Cash Back Card (Assured cash back every time you swipe your card), ICICI Bank Credit Card associated with various vendors like Big Bazaar, SBI Silver Card.
The Carefree
You love spending and believe it to be the motivation for earning. You plan things beforehand but don’t mind going overboard at times. You cross your spending limit at times and end up in situations where you don’t make full payments.
The most important property, which the carefree should look for, is the interest rate. As you carry forward the balance your interest expense is going to be high. It’s advisable to choose a card which offers the lowest interest rate. You should also check for zero annual charges as well.
Example: Axis Bank Easy Platinum/Gold Credit Card (lowest interest rate of 1.95 per cent p.m.)
The topsy turvy
You don’t understand financial management. Almost every time you don’t even pay the minimum amount due on your credit card. All the customer
Be the first to comment.
