Chargebacks911 COO Monica Eaton appeared in a recent feature for GOBankingRates on how to choose the best credit card for consumers.
GOBankingRates.com is a website that prides itself on giving readers the best interest rates on financial services. It collects interest rate information from banks, credit unions and lenders from across the US. The cite also connects its readers with resources and tools to help them make personal financial decisions.
Writer Bob Haegele asked for expert analysis on what kind of credit card people should get when they want to get the most out of the benefits offered: cash or rewards. The article notes, as did some of the experts quoted, that many look at interest rates and purchase protection when it comes to signing up for a credit card. However, rewards programs are also a popular reason to choose which card they want.
Many credit card companies offer different methods of earning points which can be traded in for things like flights. Cash back is also a popular reward, as it allows people to make their own choices on what they want to buy.
It’s not a “one size fits all” matter when it comes to making this decision, as Monica points out. “Despite what you see in the commercials, there’s no ‘best’ credit card that all consumers must absolutely have,” she says. “It all depends on your values, priorities, aspirations and spending habits.”
She went on to explain more about why you should align your credit card with not only how you spend your money, but your time. “For example, do you love to fly?” she asked. “Then Capital One Venture or Discover It Miles might make sense. If you’re a travel junkie, find a card with miles. But if you rarely fly, perhaps you should choose a card with different benefits.”
