2. Compare Credit Cards 01 What are you looking for in a credit card? Compare Get the best deal by comparing credit cards. Do a research and visit a credit card comparison website before making a credit card application. Comparing credit cards is crucial because if you don’t know the facts, you won’t get the best card available. It’s just that simple.
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4. How long do you have before the balance transfer rate runs out? It could be 6 months, 9, 12, etc., but you need to know.
6. Is there a limited time in which you have to instigate a balance transfer with the new bank – e.g. within three months of receiving the new card, or less?
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8. Is there an annual fee? You may be paying more in fees than you receive back in rewards.
14. Does an annual fee kick in after a certain time period, e.g. after one year?
15. What is the interest rate? Look for the lowest interest rate available unless you are absolutely, without a doubt certain that you’ll be able to pay off your debt in full each month.