Are you considering a new credit card? If so, it is extremely important that you find the best credit card possible. Doing your research before getting a new card is important, and taking the time to compare credit cards can be extremely helpful. Of course before you begin doing the comparison you probably want to consider how you will be using the card. Do you intend to transfer old balances to it? Are you going to pay off the balance every month, or do you need it for the conveniences of a quick cash advance? Once you have decided what you need from your card, then you are ready to compare a variety of cards to find the best options for you.
Be Sure to Compare the Annual Percentage Rates
One of the most important things that you will want to consider when comparing several different credit cards is the annual percentage rates. More than likely you will find that the APR will vary depending on how you use the credit card. There may be a different APR for cash advances that is higher than the APR on purchases. Also be sure to check out the APR on balance transfers and late payments as well. Knowing the information about the APR of each card will help you make your decision.
Consider the Interest Rates
You will also want to check out the interest rates when you compare credit cards as well. Does the card have a fixed rate for a certain amount of time? If so, what will the interest rate be after the end of that period? Many cards also have a variable rate, which means your rate may go up and down without any notice. Some cards may have tiered interest rates as well. Check out the rates and the type of rate for each card before making the final decision.
What Fees are Associated with the Card?
Many credit cards come with a variety of fees, and you want to be sure that you know about these fees before applying for the card. When you compare credit cards be sure that you take the fees into consideration. Take a close look to see whether or not you will be charged an annual fee just for having the card. Also be sure that you find out how much the late payment fees and over the limit fees will cost you. In some cases there may even be a set up fee associated with the card, so check this out to be sure that you do not lose money in fees.
Are There Any Perks?
Some credit cards will come with perks. Many cards offer a percentage of cash back while others offer frequent flier miles when you spend so much money on the card. Compare the perks of the cards, but you probably should not base your entire decision on the perks that come with the credit card. When you take the time to compare credit cards, you can be sure that you go away with the best possible card. Sure, it may take you a bit of time; however, in the long run comparing various cards can save you a great deal of money.
Kerry Hedden is one of the owners of http://www.weoffercreditcards.com/ and believes that everyone should have a credit card and use them responsibly. That is why you will not only find the best credit card offers on our site but great articles and advice for using them wisely. We offer 100% original and free content articles that may be used and published.
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