The answer is No! Though we know that, what all of us do is to find the best credit card available in the market. What one might consider the best credit card may not be considered the best by the other. So how do we know or find the best credit card?

To find the best credit card you first need to know the pattern of your credit card usage. You need to plan how you will be using your credit card to purchase expensive items or just for daily usage etc. It also would depend on your specific situation. For example if you are a great traveler, then the best credit card for you would be the credit card that comes with travel related offers. It is all purely relative.

Be perceptive and try to compare credit cards to identify the best credit card for your need. You can find lot of information online that will help you compare the features and benefits of various credit cards online.

Some of the basic factors to be checked include:

1. Whether there are any annual subscription fee.
2. Whether it is secured credit card or unsecured credit card.
3. Reliability of the company
4. The APR value.
5. The length of the grace period.
6. The interest rates for cash advances.
7. Any redeemable offers.
8. The offers are of temporary nature or permanent nature.
9. Any hidden costs that you may have to incur.
10. The percentage of service charge towards purchase.
11. Information on insurance claims.
12. Liability in case of loss.
13. Whether it is an international or national credit card.
14. Whether you will be able to use it online.

You keep the above parameters to compare various credit cards and finally identify the best credit card. All the above parameters outside the context of your specific need may mean nothing. So first identify your specific need and what you are looking for based on which you can get the best credit card available in the market to meet your specific need.

Above all, one of the factors you must not forget to consider is the credit card companies is their customer service. Most companies invest a great deal in their sales campaign and fail to attend to their customer relationship needs and post sales needs. By choosing one such company, you will not be signing up for a big trouble and not for the best credit card. Make sure that you choose a reputed brand.

Sometimes, a credit card which did not seem to be a popular credit card turns out to be one of the best credit cards, it depends on how you put your credit card into use. So interestingly having the best credit card depends also on the owner of the credit card.