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?

advertisement

Show Bankrate's community sharing policy
Advertiser Disclosure
Advertiser Disclosure

The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. This table does not include all companies or all available products.

          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.77%  0.06 15.71%
Cash Back Cards 16.48%  0.07 16.41%
Low Interest Cards 10.96%  0.10 10.86%
 
Search
advertisement
CARDS WEEKLY NEWSLETTER
Credit cards on a table

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

advertisement

Credit Card Blog

Jeanine Skowronski

Citi launches cash-back card

The bank is out with a new cash back credit card that rewards consumers for paying down their balances.  ... Read more

Partner Center
advertisement

Connect with us