As you probably already know, there are many cards in sri lanka. The one you choose however, should reflect your lifestyle and your ideal spending amounts. If you are looking for the best possible deal and the best company, you値l obviously need to look around at what you have to choose from and what works best for you.
The first thing you値l need to decide is why you need one in the first place. You can make purchases and buy things, leaving your paycheck or other source of income in your bank account to draw interest. This way, your money will continue to grow while you continue to buy the things you need. Then at the end of the month, simply pay your bill.
Others will choose to get one and use it for instant cash purposes. This way, they can use their it at an ATM and get instant cash, which is great for travel or going on a long and extended vacation. If this is why you want one, you should look for one that has the lowest rate possible for instant cash transactions.
You値l also need to think about the payments. You値l need to decide if you want to pay the balance in full each month, or only the required amount. Take a point to look at the introductory rates, balance transfer rates, and other offers that may apply. Some will offer you truly amazing deals, especially if you have good credit.
Another important area to look at are the incentives. There are several products out there that will give you incentives, such as reward points and even cash back with purchases that you can use towards paying back what you owe. There are several incentives out there, all you have to do is look around and compare.
The key area you値l need to look at and compare is the APR (Annual Percentage Rate). The APR is what you will pay on what you purchase when the incentive period runs out. APR rates will vary, so it is always in your best interest to compare and shop around. The lower APR rate you get, the better off you値l be.
You should also look into the minimum payment amount. The interest free period is a concern as well, as you will obviously want to choose the longest period that you can keep the payments down.
When you make that final decision and choose the product, you should always make sure that you know exactly what you are getting. They are great to have, although they can lead to a downfall if you don稚 choose them carefully. If you put some time and research into your search, you値l find the best one for you. As long as you take care of your card and pay the bill on time, you値l help raise your credit and eventually be able to purchase even bigger things - such as a car or even a house.
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