Best Credit Card Deals For Debtors And Spenders

Have you ever encountered a financial crisis due to credit cards repayments? Are you looking for a way to make it right by choosing the best credit card transfer to help you out of a mess? The first step you can take to achieve the desired result is to identify the kind of spender you are.

Knowing how you spend the money on your credit cards will help you to get a card with the features that suit you habits. The APR, rewards on offer, the introductory rates all play they part in the profile of the card.

There are basically four groups of spenders and they are as follows:

• Everyday spender. This is someone who uses his/her credit card on daily basis for regular purchases and pay off the balances monthly. If you are this type of spender all you need to do is to ensure that you get a card that will adequately provide the features that will give room for you to take care of your spending needs at the lowest possible cost.

• Habitual spender: This is someone who has a hard time paying off your credit card monthly, and you also have debts that you are also struggling to offset, it will be important to find a credit card with a low rate to minimize your monthly repayments.

• Impulse spender: This is someone who uses his/her credit card only for emergencies and impulsive purchases and often takes just a couple of months after the purchases to pay off balance. If you are such a spender it will be wise to get a low rate card again as your monthly outgoings are likely to go through peaks and troughs.

• Big spender: This refers to people who earn big but also spend big. This type of spender will often pay off their credit card monthly but use it frequently due to the convenience that it affords. If you fall within this group of spenders it will be best for you to choose a credit card that has all the features that you use often. The most suitable cards for people in the category of ‘big spenders’ are credit cards that offer incentives and rewards. Good examples of such reward cards are air miles and cash-back. Did you know some people get free air fares to New York!

As you may already know it is always wise to seek the advice of a professional, for instance an independent adviser, before taking a final decision on matters concerning your finance. If you are currently in debt and struggling to keep up with the repayments on your credit cards it will be a good idea to have someone help you chart a course back to financial stability. As Einstein said “you can’t solve a problem with the same thinking that created the problem in the first place”.

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