Taking the time to find out which credit card is best for you is a process that is well worth it, as there are different features, conditions, and benefits that adapt to different needs and user profiles.

There are more than 30 million active credit cards in the country. Their use has been growing steadily, not only because they represent a convenient, safe, and easy means of payment, but also because of the wide range of them available and the different types that exist, which vary depending on the bank or financial institution. 

What is the best credit card? Things to consider

So  before applying for a credit card, observe and analyze the following factors so that you can make the decision that best benefits you

Know your habits and needs

The first thing is to be aware of the state and management of your finances, how you manage your money, what you spend, how much you earn per month, and if you can pay on time and in full the purchases you make with a credit card without the debt getting out of control. Having these basic aspects clear will help you know which cards you could comfortably use, and then focus on their characteristics to make your selection.

Credit history

If your credit history is not yet very solid or you have not built one (because you have not previously taken out a financial product), there may be banks that deny you access to cards, however, there are already entities that grant them without having a credit history involved. So before making an application, it is a good idea to make sure that you meet this requirement, or that it is not requested, so that you do not waste your time.

Interest rate

This is one of the most important factors to consider when you get a credit card, especially if you are not a total, that is, you do not usually pay to avoid generating interest. This is because if the rate is high and you only pay the minimum payment, the debt could increase substantially. Therefore, the recommendation is that you look for a card with a low rate and that you become a total so that the issue of interest does not affect you.

Annuity

Typically, many cards charge an annual fee for simply having them, and this fee tends to be higher the more benefits the card offers the user. If you think you will use all or most of them, then it will be worth paying for it, otherwise, you can look for options with lower annual fees, and there are even alternatives where this fee is not charged. 

Pay attention to the terms.

Aside from the interest rate and the annual payment, it is important to read the other terms in the contract. This way you will know if there are penalties, in which cases they apply, how your balance is determined, when and how payments are made, and if there is anything extra being charged (such as insurance), among other elements that may go unnoticed at first and that could later be reflected in the charges.

Other commissions

As for fees, some very common ones can be found, including those applied for cash withdrawals, late payment or non-payment, improper clarifications, additional cards, and replacements.  See which ones are charged and how much the amounts are, to know if you can afford them.

Benefits and rewards

To make them more attractive, credit cards offer benefits to their users, including

• Exclusive access to event pre-sales
• VIP Access
• Cashback (money given back when purchases are made with the card)
• Points that work as virtual currencies to pay for flights
• Trips
• Car rental
• Discounts on purchases of clothing, accessories, or devices, among others 

These features depend on the card and the agreements of each financial institution. Look for the one that gives you the benefits that you like the most and that you are going to use.

Particularities of convenience

Another aspect to consider is the adaptability of the card to your lifestyle. For example, if you are more of a cash payer, you may be interested in a card that offers you lots of points for making physical payments. On the other hand, if you prefer to use mobile devices constantly to check your transactions, you would be better off with a digital product that offers you a good and intuitive online banking service, so you can check everything related to the card from an app or website.

Security

To keep your credit line well protected and  avoid bank fraud , it is important to make sure that you are offered sufficient security measures. Some financial institutions have features such as:

• Turn off the card from an app
• Account login with biometric data
• Two-step access
• Dynamic CVV generation for online purchases

Choosing between the best credit cards

If you take into account the aspects mentioned above, you will be able to make an informed choice tailored to you, knowing exactly what you are going to pay, as well as the advantages that are available to you. You will not be surprised by commissions, and you will also be able to manage the interest without any problem or even avoid it. 

Get to know the BanCoppel credit card

If you are  thinking of applying for a credit card , BanCoppel offers you its own, which is an electronic payment method backed by VISA, which gives you hassle-free financing so that you can not only make purchases, but also have cash available safely and easily.

To obtain it you only need your  official identification, CURP, proof of address, be of legal age and fill out an application , it is not necessary to present proof of income.

Benefits of the BanCoppel card

Apart from the ease of applying for it, the  benefits of the BanCoppel card 

• Not having to pay an annual fee
• Exclusive promotions
• Being able to buy in many stores both inside and outside the country
• Make purchases in installments without interest in some stores
• Have up to 2 additional cards
• Promotions on Cinépolis tickets and candy
• Generation of electronic money for each purchase for amounts starting from $500
• Price protection

The advantages are many, so if it suits you, go to  BanCoppel  and  get one of the best credit cards on the market .