Why Less is Really More with Your Credit Card

When it comes to finding the right credit card, it can be hard to cut through the constant noise of offers promising more—more credit card rewards, more available credit, and more ways to pay. And while it’s important to find a credit card that fits your needs, sometimes less is more, especially when it comes to fees, interest rates, and unnecessary credit card complexities. Here are three “less” talked about features you should give “more” priority to when looking for the right card.

Fewer Fees

When big banks talk about getting more from your credit card, they usually forget to talk about all the extra fees that come with it. A good place to start when you’re shopping for a credit card is to find one with the fewest overall fees. These fees are usually disclosed on the card’s information page, as well as the card contract form. Finding a card without an annual fee is always a solid bet. It will save you money and help you avoid the unpleasant surprises of having extra expenses tacked onto your credit card bill.

Lower Fixed Interest Rates

Fees are just one way that picking the wrong credit card can cripple your finances. Adjusting interest rates can also get you if you’re not careful. While many cards open with a standard rate, they can adjust over time based on several factors, including the federal reserve changing the prime interest rate. When it comes to credit card interest rates, less is always more. A card with a low fixed interest rate that stays the same regardless of the prime rate, means you avoid unwelcome surprises at the end of your billing cycle. These cards are hard to come by, but you can find them at some local banks and credit unions.

Fewer Complex Reward Programs

Reward programs can provide excellent bonuses, but only if you take advantage of them. Rewards that require you to spend more than you’re willing or able aren’t manageable. And the same goes for rewards that force you to jump through hoops just to redeem them. Getting cashback on purchases is great. But if you can’t pay off the balance you accrued to get the cash reward, you’ll wind up paying more in interest than you’ve saved in rewards. Be practical about credit card rewards. And beware of how much you pay to get them. Seek out rewards that are actually rewarding and filter out the less meaningful.

When it comes to credit card fees, interest rates, and complexities, less is more. Utah First’s Orange Platinum Visa gives you more of what you want and less of what you don’t. With a low fixed interest rate, no annual fees, and practical rewards, you can rest easy knowing that you’ll have more financial flexibility and fewer headaches from your credit card.

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