Not all credit cards are the same. Interest rate and fee structures can vary from one issuer to another.
A consumer or a business owner should shop carefully before applying for a credit card, especially a first-time credit card.
A number of websites focus on how to choose and use a credit card.
Here are just a few for consumers to visit and then make their decision:
• Bankrate.com: Spotlights choosing a cash-back credit card.
• CreditCards.com: Covers six topics a consumer should consider when choosing a credit card.
• Federal Reserve: Provide an array of facts about credit cards, including understanding a credit card offer, your statement, interest rates and more.
Visit federalreserve.gov/ creditcard.
• U.S. Small Business Administration: Discusses six considerations for a small business looking to obtain a business credit card.