Interest Rate Comparision

• Under the Credit Card Accountability Responsibility and Disclosure Act of 2009, credit card companies must disclose their interest rate terms and conditions as well as any applicable fees associated with having the card. Comparing rates and fees up front helps consumers select credit cards with the lowest overall interest rates and the least amount of fees.
  
  For example, a credit card might have a introductory interest rate of 0 percent for six months that could jump as high as 18 percent after that period. In comparison, another card that might not have a 0 percent introductory rate could come with an APR of 6 percent, making it the better deal. When comparing credit cards, the lowest interest rate is the best choice.
  
  

Fees

• Credit cards have different types of fees for items. Annual fees, late fees, and monthly service fees are just some examples. When selecting a credit card based on the disclosure statement, review all applicable fees for the card. Add both up on a monthly and annual basis and then select the card with the least amount of fees.
  
  

Time Frame

• A grace period is the amount of time between the time that you swipe the card for a purchase and when the lender begins charging interest on that purchase. Most credit cards will provide you with a 27- to 30-day grace period. The longer the interest free grace period, the better the card.