Contactless credit cards are a new, fast and convenient method of payment. Several credit card companies have issued or announced plans to issue these innovative cards. Instead of a magnetic strip, this new generation of credit cards uses RFID technology. With the tiny chip embedded in your card, you can simply wave it at a reader to pay. Although locations with the special readers are still limited, credit card companies are working to make the technology more widely available. Here are five tips for picking the best contactless card for you:



1. Consider your credit needs and habits. New technology can be very exciting, but make sure that the contactless credit card you choose also suits the way you use your credit. Think about how much you plan to spend, how quickly you will pay off the balance, and similar questions.

2. Consider which card features are most important to you. Contactless technology is still new, so there are more limited options than for other kinds of credit cards. Before you sign up for one, consider what other features are essential to you, and what you're willing to compromise on.

3. Look for as many options as possible. Contactless credit cards are still fairly new, so it may be difficult to find offers that suit your needs. One of the best places to start is searching the Internet for articles and press releases. You can also contact your current credit card companies to find out if they intend to start offering a contactless card soon.

4. Read the fine print. This is important when selecting any credit card, since each one may have different APRs, fees, annual fees or benefits. It is also good to check whether there are different interest rates for different types of transactions on the same card.

5. Check with vendors in your area. Contactless credit cards require special readers, so check with the places you shop in to see if they have implemented this technology or have plans to in the near future.