Choose a card that suits your personality
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 doesnít 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.
You love spending and believe it to be the motivation for earning. You plan things beforehand but donít mind going overboard at times. You cross your spending limit at times and end up in situations where you donít 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. Itís 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 donít understand financial management. Almost every time you donít even pay the minimum amount due on your credit card. All the customer
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