Cards offer different types of rewards, including cash back or points that can be redeemed for merchandise, or miles that can be applied to travel purchases. I thought carefully about which rewards I would be most excited to receive and decided that I’d rather have cash back than anything else.
This would provide me with the most flexibility with regard to what I do with my rewards, and I didn’t want to be tied to using them for any specific purposes such as trips or buying consumer goods. I’d rather take the cash and be able to use it to meet whatever needs I currently have.
Anyone who is interested in finding the ideal credit card should consider going through these three steps. Of course, you may also want to consider other factors depending on your situation. I don’t carry a balance, for example, so I didn’t care about interest rates — but if you suspect that you might not pay your bill in full, you may want to prioritize looking for a card with a low APR.
