Reading credit card reviews is a great way to learn more about credit cards to understand their pros and cons. If you don’t research card options before getting your next credit card, you may end up with the wrong card.
However, not all credit card reviews on the web are reliable. When researching credit card options, you may come across scam reviews. Not sure if a review is trustworthy? Here are three warning signs that may indicate that a review is not trustworthy.
1. The review is too positive
When looking at credit card reviews, make sure they cover the good and the bad. No credit card is perfect, and most cards will have features that could be better.
You’ll want to read reviews that discuss the card in depth to get an accurate overview of how the credit card works and whether it will work for your financial goals. Knowing the pros and cons of each card will help you decide between several card options.
If a credit card review website only describes the good parts of a credit card, beware.
2. The website is not reliable or trustworthy
Anyone can create a personal finance website. When looking for credit card reviews, be sure to choose to read reviews from reputable brands. By doing this, you can be sure that you are getting accurate, reliable and trustworthy information.
A fraudulent website can promote information that isn’t true – and if you believe it, you can make a choice that negatively impacts your personal finances. Do your research and visit trusted websites.
3. The links seem dodgy
A reputable financial review website links you directly to the credit card issuer’s application page. If you are browsing a scam website, you may notice that the links look dodgy. Always check links to make sure they are legitimate.
A scammer’s link could be used to collect personal information, such as your social security number, address, and other private information. Make sure you use reputable review websites if you plan to apply for credit cards. Otherwise, you could be a victim of fraud.
What to look for in a credit card
If you’re looking for a new credit card, whether it’s to build credit or earn valuable rewards, there are a few things to consider.
Here are some things to look for when comparing credit card options:
Costs: Consider all the costs associated with using a card, such as annual fees, foreign transaction fees, balance transfer fees, and late fees.
Interest rate: It’s always best to pay your credit card balance in full each month to avoid costly interest charges. If you carry a balance, you will be charged interest. Choosing a credit card with a lower interest rate is a smart choice.
Bonus offer: Many rewards credit cards offer bonus offers. Make sure you understand the requirements for getting an offer, such as minimum spend and spend schedule.
How rewards are earned: If you’re hoping to earn rewards, make sure you know how the card earns rewards. Does the card have spending categories or does it promise flat rate rewards?
How to redeem rewards: You will want to know how to redeem the points or miles you earn with your credit card. Some rewards programs are more flexible than others.
You should also know your credit score before applying for a credit card.
Why is this important? Some cards are more for consumers with limited credit, while others are for applicants with excellent credit scores.
Knowing where your credit stands can help minimize the risk of denials during the application process.
Our list of the best credit cards can help you find your next credit card.
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