Before Accepting a New Credit Card

Our society revolves around our use of our credit cards.  Restaurant reservations, online business transactions and rental cars all require a credit card, so finding the best credit cards for you starts with a choice and an application.  One or two credit cards is all that anybody really needs. There is no good reason for a person to have a wallet overflowing with cards and just because you have many cards does not mean you can afford many cards. New customers are enticed through promotional rates.  These rates usually start out low and when the promotional period is up, those rates go up an up. Much more important than the temporary rates you are offered, are the permanent interest rate on a credit card.  Although your main thought should be the interest rate before accepting a new card, that rate is only important to those who will carry a balance month to month.  If you pay off the balance you will have no interest charged to you. Be aware of the cards billing method. Is there a grace period offered? Or are you charged the day you begin using the card.