11. Choosing the best credit card All credit cards are not alike, nor are all spenders alike. When you are deciding which credit card to obtain, your first step should be to honestly determine what kind of spender you are and how you pay your bills. Then consider cards whose features best match your purchasing and payment habits. These cards will work to your greatest advantage. Consider the following examples Shop Around for the Best Deal Raphael is shopping around for a credit card and does not expect to pay the balance in full each month. Raphael isn't a big spender and will carry small balances from month to month. What is Raphael's best option Avoid cards with annual fees, and get one with as low an interest rate as possible Day on annual fee to keep the interest rate as low as possible Shop Around for the Best Deal Raphael is shopping around for a credit card and does not expect to pey the balance in full each month. Raphael isn't a big spender and will carry small balances from month to month What is Raphael's best option Avoid cards with annual fons, and get one with as low an interest rate as possible Pay an annual ree to keep the interest rate as low as possible Select the card with the longest grace period regardless of its annual fee or interest rate