Low Intro APR
No Annual Fee
Cash Back
Reward Cards
VISA
Mastercard
Business Credit C.
Balance transfer
Student Credit Cards
Frequent Flyer
Gold Cards
platinum Cards

Advanta
American Express
Bank of America
Bank One
Chase Manhattan
Discover

Bankruptcy
Slow Credit
Average Credit
Excellent Credit

Credit Card Comparison Feature 1: Hidden Fees

The first characteristic of credit card comparison is to look for any hidden fees that are associated with the acquisition or use of each credit card. Hidden fees are any fees which are charged to the card holder annually or based upon use. They are called hidden because they are usually outlined in the fine print of the terms and agreements signed by the card holder, so they are legally binding but they are not right out front where the card holder can see them.

Credit card comparison regarding hidden fees will include reading these terms and agreements and perhaps talking with the company's customer service representative. Late payment fees, annual charges, bounced check fees and over limit fees are all examples of fees which should be reviewed during the credit card comparison process. By knowing your own spending and payment strengths and weaknesses, you can choose cards with fees unlikely to affect you.

Credit Card Comparison Feature 2: Card Limits

In credit card comparison, you should consider what your personal spending limit needs require. If you are planning to make a large purchase, you are going to need to make sure that the card limit for the card you choose is relatively high. It is sometimes difficult to assess card limits when applying for new cards, because the limit will be based upon your credit card history and income. Telling a customer service representative from the agency that you are doing a credit card comparison might assist you in getting the company to make an educated guess as to what your card limit will be if you are approved for the card.

Credit Card Comparison Feature 3: Interest Rates

The most important feature of credit card comparison is to look at the interest rates of each card. Interest is the amount of money you will pay back to the company in addition to the money spent on credit card purchases. You want to keep this cost as low as possible.

During credit card comparison, you will want to review the interest rates in three different areas. You will want to look at the interest rate charged on normal purchases, that charged on balance transfers and that charged on cash advances. You will want to consider which cash access features you are most likely to use and choose a card which has low rates in that area.

In Summary

Credit card comparison is an important part of the credit card application process. Credit card comparison allows you to decrease the amount you spend monthly and overall when making purchases on credit cards. By knowing your own spending and payment habits and applying this knowledge to your credit card comparison, you can make the right credit card choice for you.

Martin Lukac, represents, #1 Loans USA(http://www.1LoansUSA.com), a finance web-company specializing in real estate/mortgage market. We specialize in daily updates, rate predictions, mortgage rates and more. For mortgage rates please visit http://www.RateEmpire.com

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Yes, low APR credit cards are on the rise. Many credit cards are competing for your business to give you the best and lowest rates available today. There are so many credit cards from you to choose from that they are doing all kinds of things to get your attention including lowering their interest rate and giving you no annual fees.

Why is this happening? Because there are so many credit card companies. They all want your business and this is an attractive incentive to get you to apply and own one of their credit cards. If you choose a low APR credit card over one with 19.99 percent you are sure to go with the lower APR.

The only problem is that sometime these 0% and low APR credit cards are only promotional ways to get you to apply and then later your interest rate will rise. Many credit card companies have low APR credit cards for a certain amount of time such as 3 months, 6 months and some up to one year. You will have to compare to find out which one keeps the lower APR after the promotional period to ensure you are getting the best deal around.

No matter what the reason low APR credit cards are here to stay as long as the companies are competing for your business. Just remember to compare everything they offer besides the lower interest rate. You may find that several credit card companies are now offering other wonderful incentives for you to apply with them such as reward programs.

No matter which company you choose, you will enjoy the low APR credit cards even if it is only for a limited time. You will be able to save money on your purchases because you will not have to pay any interest until the promotional period is over. Just be sure your balance is very low when the interest rate kicks in and you will be fine.