The best revolving card: the cheapest or the most convenient?
The advantage of having a credit line to activate and deactivate based on the need, without having to face an evaluation process from time to time, has made the revolving card very popular. After a period of lack of clarity, the card issuing companies and banks with the possibility of being able to spread payments over time, have taken steps to reduce the interest rates applied, which have caused much discussion (and have put them on a war footing) above all consumer associations headed by Viloan and Zaloan.
Today the conditions of the revolving cards enjoy the same transparency requirements typical of personal and finalized loans, so choosing the most convenient revolving card has become much easier. Before proceeding to identify some of these cards, however, we must answer a question: is the most cost-effective revolving card also the cheapest?
Convenience and cost-effectiveness of cards with installment function
What is the cheapest revolving card? It would be answered that it is the one that at the same time involves lower costs in an absolute sense, but in reality it is not. Because when it comes to any kind of financing, convenience is closely related to the opportunity of use and to the concrete advantages that derive from its possession.
All this implies that it is absolutely not said that the ideal card is also the one that costs less. So before making your choice, you need to understand the reason that pushes towards possession and the type of use you intend to make of it: use it as an emergency liquidity reserve? To support the most substantial payments? Make current use of it?
Examples of revolving cards: the best ones by type
- If you want to have a card that is extremely flexible and that does not force the owner upstream towards a very specific type of use, and at the same time a truly complete payment method, then the OneCash meets these requirements. In fact, with just one card, with interests in line with those of personal loans, and a ceiling of up to 5 thousand euros, there are three ways of using it. The cost of the annual fee is equal to that of a simple credit card. The only limitation is that you must be a Unicredit account holder.
- If instead you want a credit line to use to make purchases of a certain amount, automatically taking advantage of the possibility of an installment payment in 10 installments at zero rate, without having to request a specific loan, then the Bankate still looks like the solution ideal (see also Best revolving bankate cards ).
- For that category of people who want a card to use to make purchases of different amounts, being able to choose whether to pay out the amounts, without having to do anything but communicate this option to the seller, the Astro Finance is the ideal option with the ‘in3 function ‘which has very low rates, and agreements with many businesses, as well as an excellent points collection program.