8 Things to Compare Before Getting a Credit Card

Not all credit cards are equal, and comparing offers can be confusing. Here are the top 8 things that one should consider before they apply for a credit card.

1. Type of card – can be secured, regular or premium
2. Grace period
3. How the finance charge is calculated
4. Fees – including annual fees, over the limit fees, late payment fees, balance transfer fees, and more.
5. Cash advance features
6. Credit limit
7. Incentives and reward programs – can be cash rebates, online account access, frequent flyer miles, and much more
8. Interest rate – can be either variable or fixed

When determining which credit card is best for you, remember that each card will have unique terms and conditions which should be read carefully before you apply online for a credit card.