6. Reward Programs: If your motto behind purchasing a credit card is to take advantages of various discounts and offers, then make sure that you choose a card that provides you with relevant offers. For instance, if you get a card that has frequent flier points and if you don’t fly often then there is no use of such card. Thus, read the fine print and research about the card before getting one. It is better not to opt for a card that will give you discounts on some purchases. Ensure that you are aware about the zero percent schemes before you shop for a credit card. Thus try to choose a card that will suit you in many ways.

7. Computing the balance: If you are going to carry a balance, you need to know how the finance charge is calculated. The most usual method is that the average daily balance, which means that the daily balances are added together and then divided by the number of days in the billing cycle. Try not to select credit cards that compute the balance using two billing cycles; these winds up costing you more money in financing fees. There are plenty of cards that don't use it.

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