If you’re in the market for your first credit card or your next credit card, it’s important to do some comparison shopping. Some of the key things to look for when comparing credit cards include:
- Regular variable APR for purchases
- APR for balance transfers and cash advances
- Promotional APR terms and conditions
- Annual fees
- Rewards programs
- Introductory bonus offer terms
It’s also helpful to look at the card’s other benefits and features, if any. For example, if you’re interested in opening a travel credit card to earn miles or points toward flights and hotel stays you may also be interested in finding a card that comes with benefits such as airport lounge access or airline fee credits. If a card has an annual fee, it’s helpful to compare the value of rewards and benefits to the fee to decide if it’s worth it.