Here are several of the most common afflictions and tips for avoiding them. Choosing a card for the wrong reasons. In general, if you expect to pay your credit card bill in full each month, your best bet is a card with no annual fee and the kinds of rebates or rewards you expect to use the most. If you don't expect to pay your card balance most months, go for a card with a low interest rate and the right mix of rebates or rewards to justify any fees. Failure to shop around for the best deal.
Card issuers are private businesses.
They set their own rules and fees, so rates and terms vary widely. It's important to compare interest rates, grace periods, credit limits and fees. Misunderstanding the credit card offer. It's easy to assume too much or read too little when sorting through card solicitations. There are differences and potential dangers, depending on how you plan to use your card.