When you're shopping for a credit card, be sure to ask:

• What's the annual percentage rate (APR) for:
• Purchases?
• Balance transfers?
• Cash advances?
• Is my interest rate an introductory rate?
• If my APR can change, under what circumstances can it change? What will the APR be in those instances?
• What is the method used to calculate the interest due on any outstanding balances?
• What are all the fees associated with this credit card:
• Annual fee?
• Late payment fee?
• Returned check fee?
• Cash advance fee?
• Balance transfer fee?
• Over-limit fee?
• Can these fees change? If so, how will I be notified?
• What is my credit limit?
• Is there a grace period from the time I make a purchase until the time interest on that purchase begins to accrue?
• When are my monthly statements mailed to me and when will my minimum monthly payment on the account be due?
• If it is a rewards (or "points" or loyalty) card, ask: How do I earn points? Can I lose points? How? Do the points expire?