Choosing a Credit Card

Regardless of whether you are considering a credit card interestingly, or in case you are a current visa user searching for better rates, you will have to make sense of your spending habits and how often you plan to utilize your card when you are looking for another card.

Credit Card Users: 

Kinds of credit card users:

• Non Revolvers: These are the users who pay their credit card payments in full every month. Some basically utilize the card for business purposes, for example, travel.
• Revolvers: These users have a tendency to carry a balance. They moved over unpaid purchases from one period to the next and have a tendency pay the minimum payments or a somewhat more. 
• Combination Users: These users do a little of both. They carry a balance but it's paid off within couple of months.

                        http://www.investopedia.com/university/credit-cards/credit-cards7.asp

Questions to ask when choosing a Credit Card:

1. What's the interest rate? Is it fixed or variable? If variable, how is it calculated? Will different interest rates be charged for purchases, balance transfers and cash advances?
2. Is there an annual fee? What other fees may be charged?
3. What's the length of the grace period (if any)?
4. What method determines the outstanding balance used to calculate the  finance charge?

While choosing credit cards, it is necessary to compare the credit cards of different companies with regards to:

• Acceptance by merchants
• Annual fee
• Interest rate
• Watch for Teaser rates
• Maximum limit, and so on.

Question: What are the other things people needs to consider while choosing a credit card?