Choosing The Best Credit Card To Apply For

Always shop around to get the best deal when choosing which credit card to apply for. If you don't do your due diligence you could end up with a card that has too high of an interest rate, that has an unnecessarily high annual membership fee, etc. Here are some things to look for when checking out the different credit card offers you may receive in the mail.

1. Credit Card Terms:

When using a credit card you are in effect borrowing money from the credit card company. The terms and conditions of credit that you agree to when you apply for the credit card will affect your overall cost. Compare terms and fees before you apply.

2. Annual Percentage Rate:

The APR is the yearly rate that is charged for money borrowed on the card. It must be shown on the application and on billing statements. Some plans are "variable rate" programs. They can change with interest rates or other economic indicators. Some cards also have a short term low interest rate fee that rises 3, 6, or 12 months after you have had the card. Does the card you are looking at getting have this and if so what will you be being charged(APR) after the rate goes up.

3. Free Period:

Do you start getting charged interest from the moment you use the card or is there a "grace period," a free period that lets you avoid finance charges by paying your balance in full before the due date. A credit card can be a real nice way of getting "free" money. You do have to watch out though for the cards that don't offer the "grace period." If your card includes a 'grace period', the issuer must mail your bill at least 14 days before the due date so you'll have enough time to pay.

4. Annual Fees:

What annual membership or participation fees do you have to pay. Most cards have these fees.

5. Transaction Fees and Other Charges:

Many other fees can also be added onto the card and knowing these can make the difference in having a card you want and one you could quite easily live without. For example: some issuers charge a fee for a cash advance, if you make a late payment, or exceed your credit limit. Some charge a monthly fee whether or not you use the card.

6. Other considerations:

How high is the credit limit?
How widely is the card accepted?

All these tips can help you get the best deal when shopping for a credit card. Just remember to look at the fine print on anything that you sign. This is the easiest way to come out the winner and getting the card you truly want is what it's all about...Because Money Matters

James Mercer runs the Because Money Matters blog, http://www.becausemoneymatters.blogspot.com. It is updated each day Monday-Friday giving advice on financial matters that are important to everyone. From credit cards, home loans, stocks, commodities, to scams and scammers that are trying to rip you off. Come on in and check out the advice that could make your life much richer.

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table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.kcbs.com/California-s-Credit-Questioned/3120028cid=1256289736ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNH7kkUOsP8n3clfrlpxU-ZCgw2oogimg src=http://news.google.com/news?imgefp=rFakr5AHXp8Jimgurl=imgsrv.kcbs.com/image/DbGraphic/200810/1085086.jpg width=80 height=60 alt= border=1brfont size=-2KCBS/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.latimes.com/business/la-fi-calif11-2008oct11,0,7507724.storycid=1256289736ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNHCrOA1niqiUie-CUlzIU3KR_JktAState placed on bcredit/b watch ahead of upcoming bond sale/abrfont size=-1font color=#6f6f6fLos Angeles Times,nbsp;CAnbsp;-/font nobr17 hours ago/nobr/fontbrfont size=-1By Marc Lifsher, Los Angeles Times Staff Writer SACRAMENTO -- Bond rating service Standard amp; Poor#39;s on Friday placed a quot;bcredit/b watch with negative b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.signonsandiego.com/news/state/20081010-1812-ca-california-creditconcerns.htmlcid=1256289736ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNEhzxYF7Bm8W7nYwvRTIM4gW2wFmgSamp;P questions whether California can borrow $4B/a font size=-1 color=#6f6f6fnobrSan Diego Union Tribune/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaAVvkSCr3R_E%26refer%3Dhomecid=1256289736ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNHel6snhUnN_NjMo6FVzf6YCx778wCalifornia Rating Threatened by Cash Crunch, Samp;P Says (Update2)/a font size=-1 color=#6f6f6fnobrBloomberg/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.mercurynews.com/breakingnews/ci_10691057cid=1256289736ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNEHQHVt7sJuJsTtS4LE7Z7AAdzWvAConcerns over California#39;s ability to borrow $4B/a font size=-1 color=#6f6f6fnobrSan Jose Mercury News/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256289736hl=ennobrall 43 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/dtcc-addresses-misconceptions-about-credit/story.aspx%3Fguid%3D%257B7B5C1B13-9F34-44C0-971B-16EEF9FC0D64%257D%26dist%3Dhpprcid=1256578894ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNGcjapKUqg7fiPANgjppisRgVGSKgDTCC Addresses Misconceptions About the bCredit/b Default Swap Market/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr5 hours ago/nobr/fontbrfont size=-1Since that time, the vast majority of bcredit/b default swaps traded have been registered in the Warehouse. In addition, all of the major global bcredit/b default b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.reuters.com/article/newsOne/idUSTRE49A43L20081011cid=1253303955ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNHALM4Un9OS29ogVRdeU_BrZklkMgimg src=http://news.google.com/news?imgefp=5hVHMNeF_oAJimgurl=www.reuters.com/resources/r/%3Fm%3D02%26d%3D20081011%26t%3D2%26i%3D6345990%26w%3D192%26r%3D2008-10-11T221126Z_01_BTRE49A1PNQ00_RTROPTP_0_IMF-WORLDBANK width=80 height=62 alt= border=1brfont size=-2Reuters/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://afp.google.com/article/ALeqM5gYSPEQ9jgivL4Nxvi9aWHVFxePjAcid=1253303955ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNHfh3PY4jWgchqfaDwIUtbwgXr9YgPress demands some G7 bcredit/b crunch punch/abrfont size=-1font color=#6f6f6fAFPnbsp;-/font nobr19 hours ago/nobr/fontbrfont size=-1LONDON (AFP) — Newspapers have urged the world#39;s powers to come up with a united, radical action plan this weekend to stop the global bcredit/b crunch from b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.youtube.com/watch%3Fv%3DbS1sM6eNhHIcid=1253303955ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNGKUpFALzICnRwi-Sb7-nWgiOa8owVideo: IMF: Timing right for G7/a font size=-1 color=#6f6f6fnobrReutersVideo/nobr/fontobject width=448 height=356param name=movie value=http://www.youtube.com/v/bS1sM6eNhHI/paramparam name=wmode value=transparent/paramembed src=http://www.youtube.com/v/bS1sM6eNhHItype=application/x-shockwave-flashwmode=transparentwidth=448height=356/embed/objectbr/fontfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.nytimes.com/2008/10/10/business/worldbusiness/10global.html%3Femcid=1253303955ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNGH75lKf8LaDnjHNcrhaAhrMpqj0QAs bCredit/b Crisis Spreads, Global Approach Weighed/a font size=-1 color=#6f6f6fnobrNew York Times/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.dailystar.com.lb/article.asp%3Fedition_id%3D1%26categ_id%3D3%26article_id%3D96602cid=1253303955ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNFZcwVLAly1Q_k4Seqh8DMgu4GymwIMF bcredits/b Banque du Liban for fending off bcredit/b crunch/a font size=-1 color=#6f6f6fnobrDaily Star - Lebanon/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://afp.google.com/article/ALeqM5gVG8DolXc8kVSw8M_2dws90eEXbgcid=1253303955ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNEr9PN6z9qg6KlYSdLWC4WbYCWnignobrAFP/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://afp.google.com/article/ALeqM5g7iQ08q875hk1q1OIJiI9JvLlTKgcid=1253303955ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNHBKzFY6FtZmTd8DRcbcOXUkLTXSwnobrAFP/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1253303955hl=ennobrall 1,844 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.canada.com/edmontonjournal/news/story.html%3Fid%3Ded112cc6-8303-4271-8478-133d4d07b9d8cid=1256643585ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNHI_I-CrJwFJOlLDNfdF7hP-9ZA8Aimg src=http://news.google.com/news?imgefp=XWqhvMk8_MoJimgurl=a123.g.akamai.net/f/123/12465/1d/media.canada.com/f746bc95-5a50-4bcc-a252-b71ec6974098/bush_g7finance101108.jpg%3Fsize%3Dl width=80 height=80 alt= border=1brfont size=-2Canada.com/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://toronto.ctv.ca/servlet/an/local/CTVNews/20081011/g7_meeting_081011/20081011/%3Fhub%3DTorontoNewHomecid=1256643585ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNEKjAqA6aCXPfdZADQHuV5gaQzWNwFlaherty discusses #39;severe#39; bcredit/b crisis with G7/abrfont size=-1font color=#6f6f6fCTV.ca,nbsp;Canadanbsp;-/font nobr4 hours ago/nobr/fontbrfont size=-1quot;I#39;m worried about the freezing of bcredit/b around the world. It is something that is not only happening in the G7 countries but is extending into emerging b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.youtube.com/watch%3Fv%3DsHJ-Sylxzsocid=1256643585ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNHTWJdiwks5m7V5n0Fs0vNwcjeaKQVideo: Bush: #39;We Must Work Collaborately to End Crisis#39;/a font size=-1 color=#6f6f6fnobrAssociatedPress/nobr/fontobject width=448 height=356param name=movie value=http://www.youtube.com/v/sHJ-Sylxzso/paramparam name=wmode value=transparent/paramembed src=http://www.youtube.com/v/sHJ-Sylxzsotype=application/x-shockwave-flashwmode=transparentwidth=448height=356/embed/objectbr/fontfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.canada.com/edmontonjournal/news/story.html%3Fid%3Ded112cc6-8303-4271-8478-133d4d07b9d8cid=1256643585ei=skbxSJ6cIKjs6gOnnfi9CQusg=AFQjCNHI_I-CrJwFJOlLDNfdF7hP-9ZA8ABush: Financial crisis needs coordinated response/a font size=-1 color=#6f6f6fnobrCanada.com/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1256643585hl=ennobrall 459 news articles/nobr/a/font/div/font/td/tr/table
credit - Google News

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