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Here are a few important considerations as far as rates go:

Variable vs. Fixed: A variable rate is based on the prime rate and therefore changes with economic conditions. Meanwhile a fixed rate is stable and gives you a steadier long-term picture of your loan. 
- Intro-/promo- rate vs. the go-to rate: Most credit card companies try to lure you in by offering some ‘teaser rate’ that usually shoots-up after a stated promotional period. It is therefore important to pay more attention to the go-to rate.
- Purchases, Cash-Advances and Balance transfers: Depending on how you use your card, there may be a different applicable rate. Rates are usually higher for cash-advances and lower for balance transfers. 
- Grace period
- This represents a ‘free’ period within which your balance can be paid off, in order to avoid paying any interest.
 - A particular brand i.e. VISA, MasterCard (MC), DISCOVER, or American Express (AMEX), may be accepted in more locations and may have different terms from the others. 
- A good example is American Express charge cards that require the entire balance to be paid off by the end of the grace period.        Previous page ...

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