You need to compare credit cards before you add a new card to your wallet. Today there are over 300 different products on the market, and many of them have similarities only an in depth credit card comparison can help you find. We have some tips on how to best compare the credit cards you are looking at to help you get the best card in your wallet.

• First ask yourself what you are going to use the credit card for. Do you want airline miles, gas rewards, balance transfer deals, travel rewards? The way you will use the card will determine what is best for you. For example if you will not travel then air mileage is not necessary.

• Next consider if you will be using the card for purchases and balance transfers. If you want a card for purchases and balance transfers then you should apply for two cards. You never want to use the same card for purchases because the balance transfer interest is often less when you get a deal. This means you are paying the balance transfer down and accruing more interest on the purchases, making it an expensive proposition.

• How long do you have to pay the credit card off? If using it for a balance transfer deal of 0 percent you will have a set period of months. If you are using the card for purchases you have a 56 to 59 day grace period depending on the card. This period is where no interest is charged as long as you pay the card off in total.

• Lastly compare the terms and conditions section, with all the fine print to the cards you are interested in. You will learn about the fees, how payments are received, and much more with an in depth look.