Choosing a Credit Card

Shopping around for a credit card can save you money on interest and fees.  You’ll want to find a credit card with features that matches your needs.  In choosing a credit card, you should think about how you will use the card.  If you expect to pay your bill in full each month, your best choice would be a card that has no annual fee and offers a longer grace period.  If you sometimes carry a balance from month to month, you should look for a card that carries a lower interest rate.  If you expect to use your card to get cash advances, you’ll do better with a card that carries a lower interest rate and lower fees on cash advances.  Some cards, however, charge a higher interest rate on cash advances as compared to purchases.