Finding the right card shouldnt be a quick decision. Take time to read terms with care, call and ask questions of anything that is unclear, and make certain that all factors are weighed in accordance to your financial needs and lifestyle.
Notice the interest rate:
* Is the Annual Percentage Rate(APR) being offered for a limited time?
* Is there a minimum purchase requirement to activate or keep the rate?
* Is the rate for purchases only? Does it apply to balance transfers and cash advances?
* Is the rate subject to approval? Could your actual rate vary from that being offered upon a review of your credit?
The annual fee:
* How and when does the fee will be imposed?
* Will it take place at the beginning of the year, or will it be tacked on as a charge at the end of 12 months?
* Is there a way to waive the fee with a certain number of transactions or a minimum charge amount?
The reward:
* Is the minimum reward requirement so high that earning it is difficult or costly?
* Do rewards or points expire? If so, how long do you have to use them?
* Can reward points change in value? Will you be notified of the value change in time to cash out beforehand?
* Are the rewards something you can take advantage of? (Airline rewards for someone who can no longer travel, for example, would be of little value.)
* Are rewards transferable? Can you purchase extra points to build up your account for a major redemption?
Convenient:
The ability to pay by phone/e-mail/online/mail, 24/7 customer service, international assistance for no extra charge, free account alerts and an abundance of ATM locations,...
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