10 important questions to ask the credit card agents to find the right credit card: Part-II

In the 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 ownership?

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.