If it’s easy to get a credit card today, choosing a card that’s right for you is important.
Which credit card for me?
Credit cards are used to pay for goods and services. There are debit cards (linked to a current account) and credit cards themselves (linked to a line of credit). Notwithstanding their name, the majority of bank cards used in France are debit cards and many of these cards allow an overdraft with or without agios (additional fees). In addition to traditional bank cards, there are also wallet cards, conso cards, specialized cards, etc.
If it is easy to get a credit card in the many offers on the market, however, know the type of card suitable for your situation taking into account interest rates, fees and benefits.
What kind of credit card for me?
Credit cards issued in France, debit or debit cards, high-end cards, etc. can be distinguished. Each of these means of payment corresponds to a use to be determined according to criteria of cash, budget and benefits.
- Cards with immediate or deferred debit
The debit card is debited immediately upon purchase. For example, we have a systematic authorization card that is well adapted to low budgets, the needs of young people or people under guardianship. It is a card that facilitates the management of finances.
The deferred debit card benefits from a deduction often delayed at the end of the month. This operation favors a flexibility comparable to an overdraft since you can spend money that is not yet available on your account. Most of the credit cards on the market are monthly withdrawals.
Good to know
A line of credit is opened when the card does not have enough money and you are not able to repay your expenses. This line of credit is automatically opened for cards known as money reserves. The repayment terms must be agreed in advance.
- High-end cards
Among the best known are Visa Premier, Infinite and MasterCard Gold, Platinum. Their first benefits are the services they make you enjoy such as insurance, medical assistance in all places or VIP services (concierge …) etc. These cards are more expensive and are accessible under income and resource conditions.
Which card to choose for me?
The answer to this question will come from the evaluation of your personal needs. The first question to ask is:
What needs will I meet with my card?
You need to determine the amount of credit you need per month based on your income. Your creditor will only grant you what he judges you to be able to repay. For a single punctual need, a prepaid card is well indicated. On the other hand for a regular need, other questions are necessary.
What use will I make of the credit card?
Is it for my travels? If so, how often will I travel? The use of a card differs depending on whether you are a professional, a student, a retiree or an online shopping fan.
What types of benefits matter most to me?
The benefits of a card can come from different insurance policies, low interest rates, annual fees charged, discounts offered etc. As an individual or professional, you need to determine the card features you value most.
Check to avoid any surprises, if the credit card chosen, authorizes overdrafts, with or without agios. This information is sometimes filled in or not. Likewise, find out about additional costs.
Some cards (young, student …) authorize a withdrawal in limited species under conditions of age and financial situation.
To find out which credit card is best for you, after having carefully assessed your needs, study the different offers or use an online comparator.