Credit Cards on the web - Things to look for

1. Annual Percentage Rate (APR) - At the end of the day the amount of interest you pay for a loan is the most important aspect of borrowing money. Remember annual fees are like interest costs, take them into account when looking at APR's.

2. Repayment terms - Carefully review your lenders repayment terms. Look for things like "grace period for purchases". If you don't have one we recommend applying for an American Express Card. They are a great company and have an amazing pledge to deliver quality customer service.

3. Penalties for late payments - Sure the bank will levy a "fine" if you pay late, but there is no reason you should immediately pay a ridiculous default APR or astronomical fees for one late payment.

4. Amount of Credit - The higher the credit line the better. You don't have to spend it all, but it's really not worth opening a new card unless you will be granted a reasonable line of credit.

A word to those with poor or no credit

Poor credit happens to almost everyone at some point along the way. Don't be ashamed but do, do your best to rebuild your credit. You'll be getting pre-approved offers before you know it. If applying with bad credit we recommend Orchard Bank MasterCard.