credit cards

Key questions to ask before signing up

Whether you apply for a card, ask a phone representative to send you information, hook up with a card company's online application or receive an uninvited application through the mail, don't sign up until you have asked some key questions.

Find out:

1. Is there an introductory rate? What is it and how long does it last?

2. After that, what will my rate be?

3. Is there an application fee?

4. Are there processing fees?

5. Is there an annual fee?

6. Is there a late fee?

7. Is there an over-the-limit fee?

8. Are there any other fees, like account termination fees or balance-transfer fees?

9. When and how can a variable rate be changed?

10. What is the grace period before interest is applied?

11. How will you inform me of any changes in my contract?

12. Will the company inform me if I am about to go over my limit?

13. If I go over my limit, what happens?

14. What is the company policy if I have trouble paying my bill?

15. May I pay my bill online?


Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 16.23% --0.00 16.23%
Cash Back Cards 16.48%  0.07 16.55%
Low Interest Cards 11.51%  0.08 11.59%
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.


Credit Card Blog

Sheyna Steiner

US dragged into modern payment era

Soon, consumers get a full-fledged payment revolution with EMV cards. Will fraud decrease?  ... Read more

Partner Center

Connect with us