Most credit cards provide flexible forms of short-term borrowing. However, make your choice wisely – credit cards offered by numerous issuers in Bulgaria may differ significantly from each other.
In Bulgaria you can find credit cards:
- for domestic or for international use
- with or without collateral/guarantors
- with revolving or with instalment credit
- with or without cash back on purchases
- with or without interest free period
- with different interest charging dates
In order to facilitate your choice we provide you with the following advice:
- If you don’t travel abroad a lot, take a domestic credit card. Usually, they are much cheaper than international cards.
- If you need international credit card, choose one with cash back on purchases. Cash back could compensate the higher price of the international card.
- If you plan to repay regularly your statement balance in full, take a card with an interest free period.
- Looking for a credit card with an interest free period pay special attention on the interest charging dates.
- Take a card with interest charged from the end of the interest free period, not from the transaction date.
- Do not overestimate promotions. In many cases, after the promotional period clients are charged with high interest rates and fees.
