The ideal credit card in 5 steps: Austria compares
Soon the time has come: The long-awaited tour of the USA is just around the corner. The flight has been booked for months. The first hotels and guesthouses are also selected and reserved, and the remaining accommodations should then be decided flexibly on site. Only one thing is missing: a credit card that not only allows you to withdraw money or pay cashlessly while on vacation, but also allows you to easily book additional accommodation online or pay on site – preferably with maximum security.
Easier said than done – after all, the selection is huge. And even the best credit cards won’t knock on your door. You don’t have to stress yourself anyway. In just five steps, you can use the credit card comparison to find the right card for your individual wishes and requirements.
Step 1: Define individual needs
Regardless of whether you are a long-time credit card owner or a novice in the field, before you even deal with various offers, banks or a credit card comparison, you should ask yourself a question: When and for what purposes do I need the credit card?
Do you love traveling or are you traveling abroad a lot for business? Credit cards that are specially tailored to the needs of frequent travelers often not only offer practical services, but above all can protect against unnecessarily high costs abroad. Are you looking for a high availability limit, perfect service and special services such as insurance? Look for golden or platinum credit cards and secure yourself numerous extras, bonus programs or even concierge services.
Do you prefer to do your shopping online and use your credit card primarily for this? In this case, you can probably do without special services and instead look for a credit card with no annual sales and save money here. Do you have a special hobby and maybe you are an enthusiastic golfer? Then you could benefit from a credit card that is tailored to the needs of golfers. These credit cards often offer benefits such as discounts at numerous golf courses, special insurance (hole-in-one or travel protection) and other advantages.
Step 2: Before the credit card comparison, determine your preferred settlement method
Who knows what demands they have on their own credit card can at least narrow down the numerous credit card offers. The search becomes even clearer if you are also concerned about your desired billing method. Would you like to be able to pay back your expenses in installments or is it important to you to keep track of your sales at all times? Depending on the type of credit card, it may make sense. Also keep in mind that your credit rating will play a role in the issuing of the credit card. The more freedom in repayment, the more closely the bank pays attention to your liquidity. There are basically the following options:
- Revolving Card: This is the classic credit card. Turnover made in this way can be repaid in installments within a certain period of time. In return, interest accrues.
- Charge Card: With this type of credit card, all sales are fully debited from the credit card account at the end of the billing period.
- Debit card: Those who like to keep an eye on their expenses can benefit from the debit credit card. The associated account is debited immediately with each payment.
- Prepaid Card: The card that works on a credit basis must be topped up with a certain amount and can then be used until it is used up.
However, you should be aware of one thing: special claims can sometimes mean that you have no choice when it comes to billing. For example, if you see your credit card as a status symbol and value a gold or platinum card, you usually have little chance of getting it as a prepaid credit card.
Step 3: Use credit card comparison
The larger the selection, the more difficult the decision. This also applies to credit cards. Offers and banks in large numbers can quickly make you feel like you are losing track. But the more precisely you know what you want from the start, the more time you can save on the actual search. With cards that you have excluded for yourself, you can forego a closer look from the outset.
A credit card comparison also makes the search easier. It provides an overview of numerous cards from various banks, sorted by annual fee and important conditions. If you prefer a certain brand of credit cards, whether VISA or Master Card, you can tick the corresponding box so that you only get results of your desired brand. Even if it often hardly matters in terms of the conditions offered, the variety of cards or in terms of technology or security, whether you choose MasterCard or VISA, it is worthwhile to involve the credit card provider in the choice. If you choose a Diners Club card, for example, you should keep in mind that the acceptance points here are a little less diversified than for other brands.
As soon as the desired selection is displayed, you can compare the credit cards – at a glance. Cards that are too expensive for you or do not offer the right services can be excluded again. Candidates in question should take a closer look. Clicking the button takes you to the issuing bank’s website, where you can find out more details.
Step 4: Check conditions carefully
A credit card that convinces at first glance is great. Before you graduate, you should still know all of these details (and maybe some other alternatives). The following aspects should be considered and checked:
- Costs: Do not only pay attention to the annual fee, i.e. what the credit card should cost. Because even if it is a free credit card, it does not mean that there can be no other costs. For example, fees for withdrawing money from ATMs, other transactions or abroad. You can also receive interest payments, such as overdraft interest or interest that arises when you choose to pay in installments. Find out exactly what costs could arise.
- Conditions in detail: The credit card comparison gives a first overview of the most important services and points that should be considered. You can find detailed information on the respective bank’s website. Find out whether the credit card is issued with or without an associated (free) current account. Does the card offer extras such as insurance or discount services? Is it possible to get a partner card? What can the credit card itself do? is contactless payment possible, for example?
- Security: Basically, credit card providers are constantly working on the further development of their security measures. For example, the magnetic stripe previously applied to credit cards has now largely been replaced by the more counterfeit-proof EMV chip. Mostly stamped card numbers, the test number printed on the back of the credit card and a hologram visible under UV light are intended to make card misuse and counterfeiting even more difficult. When shopping online, you usually don’t have to worry about security when paying. Master Card has developed the authentication method MasterCard Secure Code in this area, VISA’s security measure is called Verified by VISA.
Step 5: Apply for the best credit card
Have you found the best credit card for you? Then you are almost there. Thanks to the Internet, credit card applications can also be made quickly, easily and, above all, conveniently from home. Clicking the button in the credit card comparison will take you to the bank’s website and the application form. This differs from bank to bank. As a rule, however, personal data such as name and address, but also information about your professional situation is always requested. In order to legitimize your details, some of your ID details are also required.
As soon as the application has been completed and the bank has received all the necessary documents and checked all the information, nothing stands in the way of issuing the credit card – provided your credit rating is correct. Because you should always count on banks to find out about your creditworthiness. However, if you have decided on a credit card that suits you, you shouldn’t have any problems here. So you can usually look forward to your new credit card a short time later – and relax with your next online shopping or packing your suitcase for the upcoming trip.