Before You Sign that Credit Card Application

My colleague is thinking of getting another credit card. Smart that she is, she decided to review the credit card application again so she is assured that she understood everything. She does not want to end up getting bankrupt like her best friend who got into so much debt because of credit cards. more so, if she reviews her options, she can get the best product she could find by comparing offers from different companies.
What are the common terms you will probably come across in a credit card application? There is the Annual Percentage Rate that commonly appears written down as APR. It is basically cost of credit and represents interest you will be charged on any outstanding balance you … (more) December 6, 2009