Once you have identified how you will use the card, look for a card that matches your goals.
If you’re looking to transfer a balance or just keep a balance, look at cards with the lowest interest rates. Rates currently range from the low teens to the mid-20s, Schulz said, though it is possible to get an even lower annual percentage rate if you have excellent credit.
If you plan to take advantage of rewards, look for cards that offer the biggest bonus. Watch out for cards that require you spend a certain amount to get that reward, such as $3,000 or $4,000 within a few months.
“The last thing people should do is overspend to get rewards,” Schulz said. “That’s just asking for trouble.”
Also be sure to keep in mind how you will use the card. If you frequently travel overseas, for example, look for a card that doesn’t have foreign transaction fees.
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