What Kind of Credit Card Spender are you?
There are loads of credit cards available, many with special features and perks. But not all credit cards are right for every kind of spender. Understanding which kind of spender you are will help you to better understand which type of credit card is best for you and will provide you with the most benefits:
So, which kind of credit card spender are you?
- Jet Setter – Do you love to travel? Do you travel frequently for business or pleasure? Then you’re the jet setter credit card spender, and you may benefit from the perks of a travel rewards credit card. From free hotel stays to reduced or free airline tickets, travel rewards credit cards are ideal for those that travel frequently, either for business or pleasure.
- Big Spender – Do you use your credit card to make large purchases? Do you charge a considerable amount of money each month on your credit card? Do you use your credit card for everyday purchases, from gas to groceries? If so, then a credit card with cash back rewards may be right for you. Because, if you’re going to spend money, you might as well get cash back while doing it!
- Fair Weather Spender – If you enjoy having a credit card for emergency purposes, or if you find yourself spending infrequently on your credit card, then a credit card with a low, fixed interest rate is probably best for you. You probably wouldn’t use any rewards or perks programs, so it is best to simply secure a great credit card with a low, fixed interest rate.
- New Spender – If you are a college student or new to credit cards, you may need to search for a credit card aimed specifically at individuals with little to no credit. These types of credit cards, although they have lower credit limits and higher APRs, allow individuals to build up their credit and show creditors that they can handle credit responsibly.
- Recovering Spender – If you have poor credit and are making steps to repair your credit for a better future, then you may want to consider applying for a secured credit card. You must provide the creditor with upfront cash (that will be put into a special savings account for you) in order to obtain a secured credit card, but it is a great, first step to repairing your credit and moving forward.
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