When choosing a credit card, consider the following factors:
- Annual Percentage Rate (APR): The interest rate charged on unpaid balances.
- Annual fee: The yearly cost for maintaining the card, if applicable.
- Reward programs: Cash back, travel miles, or points earned for purchases.
- Introductory offers: Low or no interest rates, waived fees, or bonus rewards for a limited time.
- Credit limit: The maximum amount you can spend on the card.
- Balance transfer options: The ability to transfer existing debt from another card, usually with a fee.
- Foreign transaction fees: Extra charges for purchases made outside your home country.
- Grace period: The time between the end of a billing cycle and the due date for that cycle’s balance.
- Card issuer: Choose a reputable issuer with good customer service.