Questions to Ask When Shopping For a Credit Card

How much will I spend on my card every month? Credit Cards

 

Will I be able to pay the full balance of my account each month?

 

Will I benefit from rewards programs? Rewards worth they the costs they cause?

 

I am willing to pay an annual fee? Are there other charges that apply?

 

If I carry constantly a balance, what interest rate am I willing to pay for my purchase and / or my cash advance? Can I get a credit card at a reduced rate?

 

Do I understand how interest charges are calculated on my credit card?

 

If I plan to enjoy an interest rate “launch” low, do I know the interest rate that will apply when the introductory period is over?

 

Do I understand how the payments will be applied to the amounts shown on my statement?

 

What are my rights and responsibilities as a holder of a credit card?