If you choose a credit card by the lovely little picture that is on it, then DON’T pick a credit card that is going to save you money and is right for you, because if you do pick a card by liking the picture on the front then you could be looking at financial meltdown on you hard earned cash.

The first thing that you should do when choosing a credit card is to work out what sort of card owner that you are going to be, are you going to be someone who pays off their balance at the end of every month or are you going to be a borrower.

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If you are one of the ones who pay off their balance, then any sort of card will suit you, as you are not going to incur any interest. But you should still look for a credit card that offers you special perks, such as no annual fee, cash back where you receive some money back on the purchases that you make on your card, this will usually be at a rate of between 0.5% to 2% on the amount spent, this means that you will make cash from spending and how often does this happen. Another card that a cardholder that pays off their balance at the end of each month can look at is an “Affinity Credit Card” that will pay a donation to the charity that is associated to the card issuer.

There is one thing that you should watch out for is to make sure that the card that you acquire does not charge interest from as soon as you make a purchase.

Other perks on these that can be of an advantage is that they carry benefits such as travel insurance, which can be handy if you like to travel, some offer discounts on cars and will come in useful if you are thinking of upgrading your car in the future.

Back to the borrowers, your main concern will be to find a credit card that has a favourable APR, as the higher the APR the more it will cost you in the long run.

Though even if you think you are getting a good deal with a 0% period, remember to always make sure that the APR is still going to be low when the free period is over, as a credit card with a high APR after this will be of little use to you and will make the 0% period worthless in the future. So it could be worthwhile taking a credit card that starts with a low APR such as a 5.9% or thereabouts, this is called a fixed rate and will stay at this rate until your balance is paid off