When you have no credit or are looking to improve your credit, credit cards can be a great option to help you get back on your feet. If you’re planning to take out a mortgage, personal loan, or car loan, having a good credit score can help you get better interest rates. Credit cards can also be a useful financial tool to use on everyday items, large purchases, holiday shopping, and more.
Having a low interest rate can help when getting accustomed to monthly payments. In addition to a low interest rate, you’ll want to choose the type of credit card you can benefit the most from. We’ll walk through things to look for, including convenient features and things to avoid.
Credit Card Features You Can Benefit From
There are many different options to choose from when it comes to selecting a credit card. For example, there are credit cards that offer cash back options, cards for traveling, and general rewards cards. Finding the card with the features that best suit you is important for getting the most out of a credit card.
At Landmark National Bank, we offer a variety of credit card features depending on the type of credit card you sign up for. A few of the features you can take advantage of include:
- Contactless technology
- Fraud protection
- FICO score visibility
- Online services
- Mobile app
- Global services
- No annual fee on select cards
- Cash back on select cards
- Redeem rewards for bonuses, gift cards, and more
- Improve credit
Best Credit Cards for Young Adults
Deciding which credit card to apply for can be a challenge. Before applying for one, there are a few steps you may want to take beforehand. Applying to multiple credit cards at once can negatively impact your credit score, so you’ll want to be careful. Make sure to do your research and find a credit card that fits your needs before applying.
There’s no one best credit card for young adults, but there are certain features that may be more beneficial to those who are just getting started on their financial journey. For example, young adults may be more likely to benefit from a credit card with no annual fee over one that gives cashback on flight purchases. There are also many credit cards that offer 0% introductory APR (annual percentage rate), which can be great for young adults making their first large purchase, such as a washer and dryer or even a new set of tires.
What To Avoid When Choosing a Credit Card
While there are plenty of perks that come with owning a credit card including financial flexibility and building credit, there are a few things to look out for. It’s important to read the fine print and rules that apply. Common mistakes when people make with credit cards include:
- Choosing rewards that don’t fit your lifestyle
- Being surprised by transfer fees
- Getting stuck with high interest rates
- Carrying over high balances
- Assuming the introductory rate won’t change
- Exceeding credit limit
Apply for a Personal Credit Card
When you’re looking for a reliable, secure credit card, come to Landmark National Bank. We offer affordable, convenient credit card options to best cater to your financial needs. Our Maximum Rewards Visa Signature Card is ideal for earning the highest rewards and maintaining a consistent credit score.
If you have no credit or need to build credit, our Secured Visa Card can help establish or improve your credit. With a low annual fee and the flexibility to set your own credit limit, the secured card can help you get started. Simply put down a deposit of $300 to $5,000, and that will be your limit. Plus, when you show a consistent record of on-time payments, you can improve your credit and even qualify for a credit limit increase or a different credit card with more benefits. Learn more about our personal credit cards and apply for yours today at Landmark National Bank!