What to Look for when Comparing Credit Cards
The purchase of any item should involve careful consideration and comparison shopping methods. Shopping for financial services such as credit cards is no different. There are many aspects which should be taken into account when comparing credit cards.
APR
APR is defined as the annual percentage rate that is associated with the card. Cards with a lower APR are available to those consumers that have a higher credit rating as the risk associated with the lender is lower. Most often, the credit card with the lower APR is the one that consumers are going to choose.
Introductory Offers
Introductory offers vary from company to company but often entail lower interest rates, or even zero interest rates for a period of twelve to eighteen months. This zero percent APR is available on balance transfers and purchases throughout the introductory period. Be sure to determine any fees that are associated with the balance transfer (which are often a standard of 3% of the balance that is being transferred to the credit card).