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Credit Cards

Low cost credits cards are everywhere and the features are multiplying. With many companies offering online application and nearly instantaneous approval, opening a new credit card account can take moments.

How do you find the best mix for you? Here are the features to consider in determining the best mix for you:

  • No annual fee for having the card
  • Low annual percentage rate (APR). Many cards offer 0% for balance transfers and new purchase for up to one year. After that they revert to a higher regular rate, but there is no need to hold credit cards that have high APR's.
  • Grace period - look for cards that offer you up to 30 days after the closing date of the statement until you have to pay the bill
  • Selectable closing dates - this allows you to pick a payment day that corresponds to when your pay check so that you don't have to pay a bill before you get paid yourself.
  • Cash back rebates - sometimes the incentives come in the form of discounts, frequent flyer miles, or merchandise, but nothing beats cold hard cash that you can spend as you want
  • Insurance and warranties - look for cards

    that provide travel and rental car insurance (if you use them) and extended warranties for purchases.
  • Balance transfer fees - choose cards that have zero or minimum transfer fees.

As a service to you, we are experimenting with providing additional product information:
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