7 Important Questions to Ask when Applying for a Credit Card ...

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There are seven questions to ask when applying for a credit card. Whether youโ€™re applying for your first credit card or adding a new card into the mix, choosing the right card is important. For that matter, you need to choose a card that fits your lifestyle, as well as one with excellent terms. Here are seven important questions to ask when applying for a credit card.

1. What is the Interest Rate?

Inquiring about the interest rate is one of the most important questions to ask when applying for a credit card. There is no one-size-fits-all credit card, and interest rates can vary widely by credit card company. In most cases, the rate is dependent on your credit score. Therefore, the higher your score, the lower youโ€™ll pay in interest. Read the fine print on you credit card application to determine average rates for the card.

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