It is no secret that credit cards are used by Americans on a daily basis. What does come as a surprise however is that with such an overwhelming amount of use of credit cards, when it comes time to compare the offers, people generally don’t know where to start. With that said, if you are one of the thousands of Americans that are looking for a new charge card today, here are some tips that will help you on your way to finding the best offer:

Tip #1: Compare charge card account interest rates: The first thing that Americans should compare when it comes to credit cards is the interest rates that are being offered. Interest rates are the primary source of fees associated with credit cards. The higher the annual percentage rates on a charge card, the higher the fees associated with the use of the card. The lower the annual percentage rates on a credit card, the lower the fees associated with the use of the card. It is also important to remember to compare all types of APRs from promotional to standard, balance transfer, cash advance and default interest rates when comparing charge card offers!

Tip #2: Compare charge card grace periods: The next thing that consumers should compare when comparing credit cards is also the most commonly overlooked factor of credit cards, the grace period. The grace period offered on credit cards represents the amount of time consumers have to pay from the date a purchase is made before annual percentage rates will be charged to the balance. For instance, if my grace period on my credit card account is 21 days and I make a purchase today, if I pay that purchase off within the next 21 days, I won’t be charged interest! Generally grace periods range from 14 to 21 days and of course, longer grace periods are always better!

Tip #3: Compare credit card account fees: Although interest rates are the primary source of fees associated with credit cards, it should come as no surprise that there are generally other fees that will need to be paid when using credit cards as well. Fees on credit cards can range from annual fees to balance transfer fees to foreign transaction fees and more! It is important when Americans compare credit cards that they compare the fees associated with each and every offer. When comparing charge card account offers, people should read the rates and fees section of the terms and conditions to ensure that they are aware of and agree to any fee they may be charged!

Tip #4: Compare charge card account rewards: As a result of overwhelming competition in the charge card account industry, these days, people get to choose rewards options. Each different credit card seems like it has it’s own rewards program these days. These programs allow consumers to earn points with each dollar spent. These points can be saved and later redeemed for great perks like free airfare, hotel stays and even cash back. With that said, when comparing credit cards, it is important for consumers to compare the different rewards that will be offered through the different charge card offers!

If people follow these tips when comparing charge card offers, they will be sure to find the offer that will fit them best! For more information on comparing and using credit cards, please visit JEMCreditCards.com!

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