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Added June 29, 2010 from: Mike Killian
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 Mike Killian
Answered By Mike Killian:
The best way to know which card is best for you is by knowing what you need and how you intend to use the card. As an example, if this is your first card, maybe you don't have much credit established. In that case, you need to build credit, and a secured credit card may be the wisest choice. Similarly, if you travel a great deal, perhaps a card high in rewards for gas purchases, dining, hotels or even air miles is the best choice.

Once you determine how you will be using the card, then you can look for the best deals available. Things to consider at that point would include introductory interest rates, interest after the introductory period, annual fees, default rates, and grace period.

But don't ignore your credit report, either, when you're hunting for the best credit card. Your report gives a lender a snapshot of your credit worthiness and determines the cards for which you are qualified.

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