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How to Choose the Right Credit Card for You?

 

Choosing the Credit Card that best suits your needs may seem complicated, but with the right information it becomes much simpler. Whether you value flexible repayments, convenient monthly account management or a higher credit limit, there is an option to suit every profile. 

What should you consider when comparing Credit Cards?

1. Repayment options

The way you intend to pay for your purchases is essential. You can choose:

  • Full repayment in the following month, with no interest.

  • Instalment repayments, with the option to select: 

  • A percentage of the outstanding balance.

  • A fixed monthly amount.

At novobanco, you can also benefit from the instalment payment option available directly in the online store, making it easier to purchase equipment and products. 

2. Credit limit

Your card's available credit limit is the maximum amount you can spend. This can be useful for unexpected or higher-value expenses, providing greater financial flexibility and peace of mind. 

3. APR (Annual Percentage Rate)

If you choose to repay by instalments, the APR is an important indicator as it reflects the total cost of borrowing, including interest and fees. 

4. Additional features

  • Cash advance: allows you to transfer money from your card to your account, which can be useful for unexpected situations.

  • Included insurance: cover in the event of loss, theft or while travelling, providing added protection when you need it most. 

5. Availability fee

For cards included within novobanco packaged accounts, the availability fee is free of charge. 

 

novobanco Credit Cards: choose with confidence

At novobanco, we offer several Credit Card options so that you can choose the one that best matches your lifestyle and financial goals.

Compare the features and find the right card for you. 

 

Everyday examples

  • Cartão de Crédito Branco - Credit Card Branco

    • I prefer to pay an availability fee (annual fee) linked to my credit limit rather than pay interest

    • I prefer a 0% interest rate because I do not want to pay interest. Even if I do not repay the full outstanding balance, no interest is charged

    • I prefer very low fixed instalments because I like to keep my finances under control: “whatever I spend, I always pay the same amount”

  • Cartão de Crédito Verde – Credit Card Verde

    • I prefer to pay interest only on what I spend and not have to pay an availability fee (annual fee)

    • I want different repayment methods available so I can choose the most suitable one for a particular purchase or financial situation

    • I value additional card services, such as access to cash advance facilities and insurance benefits, in addition to making purchases

  • Cartão de Crédito Gold – Credit Card Gold

    • I need a higher credit limit

    • I prefer to pay interest only on what I spend and not have to pay an availability fee (annual fee)

    • I want different repayment methods available so I can choose the most suitable one for a particular purchase or financial situation

    • I value extra services, including cash advance access and insurance cover

  • Cartão de Crédito Gold 360º - Credit Card Gold 360º
    •  I need a higher credit limit
    • I prefer to pay interest only on what I spend and not have to pay an availability fee (annual fee)
    • I want different repayment methods available so I can choose the most suitable one for a particular purchase or financial situation
    • I value not paying fees on purchases made worldwide and having no charges on payments made at petrol stations.

     

Related Topics

Online Payments

Learn about the safest ways to make your payments online.

Instalment Payments

Discover how instalment payments work and make the most of their benefits.

Cash advance

Unexpected expense? We can help.

Credit Card Limit Change

Find out how to change your Credit Card limit.

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