201. In general, what should I look for in a credit card?
Description
This article is from the Credit cards and Consumer Credit FAQ, by adams@spss.com (Steve Adams) with numerous contributions by others.
201. In general, what should I look for in a credit card?
There are three principal features to the card itself: interest
rate, annual fee, and grace period. By law, all must be disclosed
at the time you apply. (They are discussed in the following Qs.)
Some cards, such as Discover and the new Ameritech Complete Master-
Card, pay rebates as well. Some cards offer other features like
frequent-flyer miles and extended warranties on purchases. You have
to decide how much those are worth to you.
Also important is the pattern of your shopping: a card that your
favorite merchants don't honor isn't much good to you.
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