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Tips for Assessing A Credit Card Offer

1. Read the disclosure statement or terms/conditions carefully. What are the post-promotion rates and terms?

2. Is there a balance transfer fee?

3. What are the late payment and over-limit fees?

4. What is the grace period? You’ll want a 25-day grace period if possible.
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5. Is there an annual fee? Ideally, find a card with no annual fee.

6. Look around for the lowest rate you can find. Watch out for bait-and-switch offers that talk like you’ll be able to transfer a big balance and then only give you a $500 credit limit once you’ve been approved.