first part of this series we talked about five important questions
that should be asked to your credit card agent. Revising the concept we find
that asking about the various APR's, fees, credit limits, credit card acceptance
and additional benefits that come with the credit card definitely help. Now, let
start with the other five most important questions to ask.
6. What are the reward associated with the credit card?
Get an idea of the reward program if the credit card is a reward card, and
ask how the reward program will help you in your area of operation.
7. Are there any preferred partners for credit card rewards?
Clearly ask whether, there are any preferred partners for the credit card
rewards. If so get a list of them and ask what will happen to reward program if
money is spent at some location which is not in the preferred partners list.
8. What are the limitations to rewards?
Credit card companies hide lot of reward program related stuff in fine
prints. Things such as blackout dates, travel restrictions, seat restrictions,
partners restrictions, spending restrictions, reward program expiry affect
reward programs very adversely. Get an idea about them.
9. What is the grace period?
Checkout with the credit card company whether they allow grace period to pay
the monthly balances or not.
10. What are the things in fine prints that can affect credit card
Though credit card companies won't tell you all the details buried in fine
prints but asking helps. This gives an impression that you want to know as much
as possible about the credit card. An informed customer can't easily be duped.
Asking the right questions will surely get you the best deal out there.