Loans

Introduction

If you have never owned a credit card before, You must be excited and looking forward to having one as soon as possible. However, credit cards are not created equal. Some credit card companies take part in some shady practices, in the hope that their clients will not bother to read the fine print.

These companies tend to put some policies in the contract that often benefit the company more than the user. So if you are in the process of getting a de beste kredittkort på penger.io here are some important pointers you should be on the lookout for, so as to compare various companies and make a solid decision that will be best for you.

What to consider when comparing credit card companies

Grace period or Billing Cycle

This determines the time you will start paying interest on the things you buy. It is always better to get one that has a longer grace period since it tends to mean that you are getting a free loan over a specified period.

Interest rates

These rates are significantly important when you are comparing credit cards. The interest rate is the annual percentage rate (APR) that you will have to pay annually in which the monthly rate is multiplied by twelve.

However, at times it is not always what it looks like since there are rates that often change with the balance that is on your card, introductory rates, and various rates that are put when you use your …