It's also a good idea to look at the Credit Limit and how widely the card is accepted, as well as the plan's additional services and features. The Grace Period is the date by which or the period within which any credit extended for purchases may be repaid without incurring a Finance Charge. Knowing whether a card gives you a Grace Period for purchases and Cash Advances is especially important if you plan to pay your account in full each month. Without a Grace Period, the card issuer may impose Finance Charges from the date you use your card or from the date each transaction is posted to your account. Rate changes raise or lower the Finance Charge on your account.
Some issuers charge annual membership or participation fees.
These fees may be charged whether or not you use the card. A card may include other costs. Some issuers charge fees if you use the card to get a Cash Advance, make a late payment, or exceed your Credit Limit. Often an issuer will charge a fee to transfer a balance from another creditor's account to their account. Fees are disclosed to you in your Terms and Conditions as well as in your Account Agreement.