How To Choose The Right Credit Card

Britney Balderas | Posted on March 9, 2017 |

Celebrity endorsements. Clever commercials. Enticing introductory offers. Choosing the right credit card can prove tricky sometimes. If you’re sorting through a sea of credit card offers and wondering which to choose, here are some important things to keep in mind while doing your research.

The Schumer Box

First and foremost, all credit card companies are required to provide consumers with a Schumer box. The Schumer box is a summary of the costs of a credit card. Credit card companies are required to list long-term rates in at least 18-point type and other key disclosures in 12-point type. They are also required to use the same format to make comparison shopping for credit cards easier. The Schumer box includes: annual fee (if applicable), annual percentage rate for purchases (APR), other APRs (balance transfer, cash advances, default APRs), grace period, finance calculation method, and other transaction fees (balance transfers, late payments, exceeding credit limit fee, cash advances). If you’re reading through a credit card offer – whether it be online or one you’ve received in the mail – make sure to find the Schumer box so you’ll know the true costs associated with the offer.

Incentives

Many credit cards offer reward programs, but make sure to look for a card that offers rewards that you’ll actually use. If you’re not a frequent flyer, it may not make sense to choose an airline rewards card that only offers miles as a reward. Make sure the rewards are easy to redeem, and check other restrictions such as annual earning limits and expiration periods.

Introducing uChoose Rewards

Ready to start earning rewards today? Eastex Credit Union now offers uChoose Rewards. Not only will you get convenience and a great low rate*, the Eastex VISA PLATINUM REWARDS Credit Card comes with a fantastic rewards program! It’s simple: accumulate points when you make purchases with your Eastex VISA PLATINUM REWARDS Credit Card, then redeem your points for millions of items like travel, gift cards, and brand name products. Click here to apply online, call us at 866-445-9622, or stop by any of our convenient locations and speak to a loan officer today! *Normal credit criteria applies.