Getting a new credit card—whether it’s your first one, or an addition to your current collection—is always very exciting. The moment it arrives and you hold it in your hand, you feel a little power buzz run through your body. If you wanted to, you could—right this second—go purchase something that costs whatever your limit is, and bring it home with you. This little card opened that door for you. It doesn’t matter whether or not that amount is in your checking account. You have this little magic card that doesn’t care about that—until it’s time to pay the bill. We all get that little rush knowing that a new line of credit is available to us, even if we know we won’t use it all (and shouldn’t, if we want to use our card responsibly). But, not all credit cards are created even close to equally, and though all the terms like APRs and balance transfers can seem overwhelming, they are important to understand. Here are tips for choosing the right credit card for your needs.
You’re a frequent traveler
Maybe you must travel often for work. Your company asks that you put all the purchases, from plane flights to hotel rooms and Lyft rides on your card, show them the receipts, and they’ll pay you back.