When you’re applying for a new credit card, it’s easy to go for the most popular cards or the ones with flashy promotions. But before you get stuck with a credit card you may not want, read the fine print.
Credit card offers are everywhere. And although you may think you know a lot about the card, credit card companies don’t tell you everything. As a result, new cardholders are often surprised by unexpected fees, interest rates, or other charges when they get their first statement. So, you should research all aspects of a credit card’s agreement before applying, not just what’s on their marketing material. You can normally find the terms and conditions on the issuer’s website. Check out their annual percentage rate, or APR, for purchases, balance transfers, and cash advances. Find out about late fees, annual fees, penalty fees, foreign transaction fees, and any other fees the card could possibly have. You’ll also want to research their protection services and rewards programs before you apply. Take a look at all details of their agreement before you commit.
Don’t fall for any credit card deal. Do your research and you won’t have any nasty surprises when you get your monthly statement.
