Which Credit Card is Right For You? ~ #NFPartner #ProudToServe


"Which credit card is best for me?" - It's a question that my college bound daughter asked on her way to her university. She was going to be on her own for the very first time in eighteen years and I wanted her to be not only financially responsible, but also independent. Before I go into which credit card might be best for you, however, how are the new year resolutions coming along? How many of you have decided to save more this year?


This is a sponsored post written by me on behalf of Navy Federal Credit Union. All opinions are 100% mine.

While financial resolutions aren't something I aim for, saving more money is something that I strive to achieve every year,  but unfortunately, it rarely happens. I'm like most Americans, I walk around with a wallet filled with cards, and very little to no cash. My son asked me just recently for $10 to which my response was, I didn't have it. Not because I'm broke, but because I never have cash on hand.

When I was younger, there would always be cash in my wallet, you know - "vex money" for dates that didn't meet your expectations. How many of you still walk around with extra stash of cash for such an occasion? It's very rare to find someone with cash, especially since the use of credit and debit cards has become the norm. With credit cards becoming so popular, how do you know which card is right for you? Today I want to share with you a few credit cards solutions that may be just what you're looking for.


Student credit cards
This is generally the first card that most college students receive and it's available for those enrolled in college. Since most college students are fresh out of high school, they very rarely have a credit history. If used wisely, it's a stepping-stone to building their credit. While most student cards don't give many rewards, building your credit can qualify you for those reward cards that you have your eyes on. When my daughter enrolled in university, we were able to get her very first credit card, which she uses, for gas and necessities. She now has excellent credit thanks to her credit usage.

Secured credit cards
You may remember my story about having bad credit after college. I was maxing out my cards buying unnecessary items, and when I graduated from college with no job prospects, I was unable to pay off the balances. With unpaid cards on my credit report, my credit score was in the 500's so therefore I was unable to get credit when I needed it. In order to rebuild my credit a secure credit card was obtained. A secured credit card requires you to deposit your own funds (collateral) before you can be approved. So for example, if you deposit $750, then you will then in turn have $750 for your credit usage. Secured credit cards are perfect for those with poor credit, or those trying to rebuild their credit.

Unsecured credit cards
Unsecured credit cards are the opposite to secured credits cards and are the most common. You don't need a collateral and these cards can generally be obtained from your bank or most financial institutions.


Reward credit cards
Reward credit cards are very popular and allows you to earn "rewards" for making purchases. They generally fall under three categories: cash, miles or points. Some credit cards may not be a straightforward as you think. That is not the case with Navy Federal’s AMEX card, for example, which is very straightforward – 3 points at supermarkets, 3 points at gas stations, 2 points at restaurants and 1 point on everything else. However, be careful of "chasing rewards" as that can lead you into more debt than you may want to have.

Balance transfer: Transferring credit card balances can help in saving you money on your interest rate on another card where you have a higher interest rate with a high balance. The way they work is by allowing you to transfer a higher interest credit card balance to a credit card with a lower interest rate, thus the term credit card balance transfers. These cards generally start with an introductory annual percentage rate (APR) of 0% for a certain length of time. Paying within the promotional period can help you save money in the long run.

As with most cards, the better your credit score, you'll have a better a chance of obtaining the credit card that you want.



As a member of Navy Federal Credit Union, I love all the credit card choices available. If you're still unsure which card you should choose, or if  you're currently trying to overcome and reduce your credit card debt, Navy Federal can help you.

Why choose Navy Federal?

Because they care! They understand your needs because they've been serving the armed forces and their families for more than 80 years. They're member-owned, and promise to always act in your best interest. Switch your accounts to Navy Federal today to start experiencing all the benefits of membership.

Visit Sponsors Site

Annmarie John
58 Comments

58 comments:

  1. This is important information for anyone to think about. Credit cards can be a blessing or a curse. You have to pick the right card for you, and you have to use it wisely.

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    1. That is very true. It is so easy to get into debt if you're not careful, and picking the right card for you is a must.

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  2. I just got my daughter, a Junior in high school, a credit debit card because she went abroad. I hope this will get her through college and make it convenient to withdraw money.

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    1. I hope that she's responsible enough to use it. I made that mistake of giving my son a card and he ran it up. With no job, I was the one paying it back. Now he just uses a debit. He spends what he has, no interest to pay back is best for him.

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  3. This is helpful. I go for ones with low interest rates and good rewards! I always pay my card off the following month.

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    1. That is great! I don't always pay mine off, especially when I make huge purchases. I'm still paying off one that I used to make my kitchen renovations.

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  4. It can be so hard knowing what the right card for you is can't it? I have to admit I often get so confused with all the different bonuses and APRs always good to have a helping hand towards picking the right one.

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    1. Yes it can be, I usually go towards low APR's as I'd much prefer paying less money in interest especially when I have a balance.

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  5. I personally like my rewards incentive credit cards. But back in the day, definitely had a student credit card when I was in college. So you totally just brought me back on this.

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    1. I think most college students had a student card. I ran mine up when I was in college because it just seemed that they were giving the away like candy and I had no care in the world. It was free money to me. I sure learned my lesson.

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  6. A lot of my friends do the balance transfer in order to gain a better interest rate. I know it helped them a lot for their larger debts!

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    1. Oh balance transfers are great! I've done it myself in the past as well. It sure helped me reduce my balance on other cards with higher interest and it helped that I was only paying one bill instead of many.

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  7. Very helpful advice in this particular post! It’s the little changes that make the largest changes. Thanks for sharing!

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    1. You're very welcome and are you yourself looking for a new card? Have you looked into Navy Federal for yourself?

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  8. These are really great tips for those planning to get credit cards! I will definitely keep these in mind!

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    1. Are you currently looking to get a new card for yourself or even for a child? What do you look for when choosing a card?

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  9. Still wrapping my mind around which card i'd pick. Reward card seems catchy yet the warning is scary as i won't want more dept on my neck. Think balance transfer card is for the best. I get to save more with it.

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    1. I have to agree with you. While Reward Cards do have their advantages, Balance Transfer Cards can save you money in the long run.

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  10. I'm just like you. No cash in my wallet. The only time when I have is when I did not prepared food for work from home and I will have to order something.

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    1. I think most people no longer walk around with cash and it's something that I need to get better at doing. I need to at least have $20 on hand, you just never know when an emergency can arise and you need cash.

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  11. This was great to read. I don't really use credit cards at all but if I did I would definitely come back to this post.

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    1. You're one of the very few. I know that I've always had a card. As soon as I was 18, I got my very first and since then I always have at least 3 in my wallet.

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  12. We have a credit card through Navy Federal. We absolutely love it! We try to keep are credit card usage down because sometimes those interest rates are a nightmare! I also don't like owing people hahaha!

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    1. I am with you on that. I hate owing anyone, but sometimes it's unavoidable. I currently owe for my kitchen renovation and think I'll be finished paying it all off by the middle of this year.

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  13. We don't have that many credit cards, but we were definitely reading the fine-print when we were debating on whether or not to go with a certain company.

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    1. Oh you've definitely got to do that for sure. A lot of people don't read the fine print and then they get charges and are surprised.

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  14. I currently use a Capital One card and love it. It was so hard to narrow down what was best for me personally.

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    1. Well I'm happy to hear that you were finally able to do so and you're loving it. Having a card that you love is so important.

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  15. I never have cash with me for the same reason, I use almost exclusively my credit cards. I love the balance transfer ones, it makes such a huge difference in how much you can save on fees.

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    1. Yes those balance transfer cards are the best. I have to say that having at least $20 on you is something you should start thinking of. I've recently started doing that myself.

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  16. oh em gee! don't talk to me about credit cards, i don't know anything about them. And I don't have any either! They are not so common in France, where I grew up. Debit card all the way. But I guess it is still good to know which one I could go for! xx corinne

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    1. I had no idea they weren't that common in France. I thought they were everywhere in the world. I use a debit card for small purchases, but for large one I use my rewards card so I can save my own cash, get those rewards and so far it's been good.

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  17. Omg, thanks so much for these tips. I'm trying to stay away from credit card debt as much as possible!

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    1. That's something that we should all strive for. I have a great credit score and get tons of offers in the mail. I usually trash them all.

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  18. I will be honest I am not the one to get a credit card right now. But I would be interested in a credit union.

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    1. And Navy Federal is a great credit union to have. You should totally check them out. Are you or any of your family member in the armed forces?

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  19. These days, our credit score is almost as important as our ID since it will impact almost any area of our life, so choosing the right credit card for you is definitely an important topic to take into account. Thank you for sharing your insight on this matter.

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    1. That is so very true. Having a good credit score is very important. A lot of people don't know this, but it can also affect where you live.

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  20. Deciding on the perfect first credit is such an exciting and scary time both at once.Having the Navy Credit union back you in making a choice is an awesome way to start building your credit worthiness.

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    1. Yes it can be exciting and scary and having Navy Federal Credit Union in your corner is a great way to building your credit worthiness indeed.

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  21. I am also aiming to save more this year, and so far, so good! I opted for a credit card that give me rewards, and I've been able to treat myself to a few spa days over the years with them!

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    1. That is awesome! I always strive to save more, but it almost rarely happens. There's always some emergency that comes up that makes me have to spend.

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  22. This is some great information about figuring out which credit card is right for you. Thanks for sharing.

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    1. You're very welcome, but have you decided which card is best for you or which you would choose if you had to choose one?

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  23. Finding the right credit card can definitely be such a pain. There are so many options out there to weigh out. These are some really great things to consider.

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    1. Yes it can be, but Navy Federal makes it so easy to choose. Which did you decide to go with when you were looking for a card?

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  24. I remember when I got my first credit card, I just went with the first company to reach out to me. If I knew then what I know now. This is a really good post and something a lot of people should consider before getting a credit card.

    XOXO
    Elizabeth

    http://www.akeenesenseofstyle.com

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    1. I think most people did that. I myself even did that when I was in college. There were all these card companies on campus and the first one that approached me, I got it. Oh if I knew then what I know now.

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  25. I've heard about reward credit cards. I know a lot of people that have them and are fine, but I'm scared I'll get in debt or something. Thank for sharing!

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    1. You just have to limit your usage and use your card responsibly. Just like with everything, do it in moderation and have a plan.

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  26. This is seriously so helpful! I have been looking around for almost a month now for a new credit card.

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    1. I'm so happy we were able to help you. What exactly are you looking for in a new card? Have you checked out Navy Federal if you qualify?

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  27. I haven't used a credit card in ages, but I usually look for rewards cards. It's not like I'm out here with nothing - because Cassidy has a credit card. I think when used responsibly, they're really important to have!

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    1. They are important to have and I think that everyone should have at least one card. Having one card in the family is good enough, but it is good to have your own, and I love reward cards myself too.

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  28. I always have a hard time deciding on a good credit card. Thank you for sharing your thoughts.

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    1. You're very welcome. There are so many choices, you have to really read through them. Hopefully you've found one that you love.

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  29. Personally, I don't think that there is a one size fits all credit card as each credit card focuses on certain areas in one's finances. I use a combination of three credit cards that gives me the most rewards when I spend. The most important thing is to always pay your balance in full every month. Otherwise,

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    1. I totally agree with you about paying your balance off in full. If you can get one of each that would be perfect, unfortunately most people only want one, so finding the best one that will suit your needs is the way to go.

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[name=AnnMarie John] [img=https://3.bp.blogspot.com/-X9gUeVik-ZY/WJjwNTOobII/AAAAAAABTJ4/qEhU0n62_AIo-j6-6LA2OFOr44lKCHASwCLcB/s100/AnnMarie%2BJohn%2BHeadshot.JPG] [description=AnnMarie John is a lifestyle blogger, mom of 4, retired army veteran and a huge Disney lover. Formerly from the beautiful island of St. Vincent and the Grenadines in the Caribbean and now living in colorful Colorado, she loves sharing her opinions on everything, crafting and food.] (facebook=https://www.facebook.com/theannmariejohn) (instagram=https://www.instagram.com/theannmariejohn) (twitter=https://www.twitter.com/theannmariejohn) (pinterest=https://www.pinterest.com/theannmariejohn) (email=mailto:annmarie@annmariejohn.com)