The market is full with different types of credit cards which can really make a person wonder which one to go for? Most of the credit cards companies show the rosy picture of the credit card without giving the fine prints in detail. The sales person, who approaches you, tells you all the benefits that you are going to get out of the credit card without ever mentioning the trouble you may get ito later unless you read the fine prints properly.

The credit cards companies are required to inform the consumers about:

• Information on annual fees, grace periods and APRs with the pre approval documents.

• Disclose all the changes before renewals

• Disclose any change in insurance policy offered on the card.

• Therefore before going for any credit cards check the following fine prints:

• What is the APR for purchases?

• What rate of interest and minimum finance are charged?

• The minimum and the maximum grace period that is allowed.

• If there is fees for returned payment or any miscellaneous fee

• The billing rights and any special rule for credit card purchases.

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