Credit card has become very essential for shoppers since it eliminates the need to carry a large amount of cash. credit card gives convenience both to the customer and the seller because transactions can be done any time you want it.

The first thing you’ll need to decide when choosing your credit card, is why you need one in the first place. Some people choose to get a credit card for cash flow purposes. With a credit card, you can make purchases and buy things, leaving your paycheck or other source of income in your bank account to draw interest.

Here 5 keys you must concern when choosing your credit card

The key area you’ll need to look at and compare is the APR (Annual Percentage Rate). The APR is what you will pay on what you purchase when the incentive period runs out. APR rates will vary among credit cards, so it is always in your best interest to compare and shop around.

With a credit card, you’ll need to think about the payments. You’ll need to decide if you want to pay the balance in full each month, or only the required amount

Another concern with choosing your credit card is the minimum payment amount. Most minimum payment balances will start around 3%, although some can be lower while others tend to be quite a bit higher.

Another important key to look at when choosing your credit card is the incentives. There are several incentives out there with credit cards, all you have to do is look around and compare.

The interest free period is a concern as well, as you will obviously want to choose the longest period that you can keep the payments down.