Everybody needs to choose a credit card sometime. And the sooner you start using it, the better. But with so many options in the market, how can you choose the right one?

We’ll help you establish some parameters based on your credit score.

Because even if there are tons of credit card options, not all of them are available for you. Also, not every card will suit your lifestyle.

But don’t worry! There is no reason to get anxious about it. There is a clear path to this decision, and you’ll learn how to choose your credit card by reading this post all the way.

Let’s start talking about your credit score. Undoubtedly, it will have an important role in your decision.

The credit score is a method developed by credit bureaus to determine if a person is trustworthy to receive a line of credit. After all, when you receive a line of credit, your issuer is trusting you. They are giving you money in advance, hoping that you’ll pay it back.

There is more than one type of credit score, but they all work almost the same. It consists of a three-digit number that ranges from 300 to 850.

But how do they get to this number that is so important to help you choose your credit card? While the exact equation is a mystery, we know which factors will impact your score and how important each of them is. These are the five major aspects to look for:

As your credit score determine your creditworthiness, it will pretty much determine which credit cards you can get and which ones you can not. To choose your card, you have to know your credit score.

Don’t worry, there are credit cards for everyone! But maybe not exactly the one you’re dreaming about. That’s because your credit score can prevent you from getting it.

You’ll get classified as the following:

Each credit range will have a certain array of available cards.

If your credit is really bad, bad, or fair, you will need a card to rebuild it. They are called credit builders.

If your score is good or excellent, you can now access cards with benefits and rewards.

First, let’s remember that every time you apply for a new card, it makes a mark on your credit score. So it’s important to analyze which cards you actually have a chance of getting before you apply.

So, the first thing you should evaluate is whether the card is suitable for your credit range. Most broadcasters have a clear announcement about this. Others give you a chance to pre-qualify to see if you have a chance before making the actual application.

After that, evaluate the costs of the card. This includes all fees related to it. Some cards charge annual fees, and others charge monthly fees. Some charge both, plus a programming fee.

Most of the time, the lower your credit score, the higher your interest rate. Always look for the lowest APR, as this will impact the final amount you will pay for your credit card balance.

Finally, evaluate the rewards and other benefits, if any. See which one fits your lifestyle best and matches your spending pattern.

Here are some aspects that a card can have to help you choose a card:

Your credit score has huge importance in your financial life. To be able to really choose the card you want, you’ll need a good or excellent one.

If you’re not there yet, don’t worry. We have some tips that will help you build a strong credit score. You can do it!