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 When you apply for credit cards, there are several important factors to keep in mind. Getting a credit card required much financial responsibility as well as understanding. Racking up a debt and failing to make the payments can severely damage a person’s credit, as well as leave them in a bad situation. These situations when applying for a credit card can include bankruptcy or any other of the likes. When you apply for a credit card, also keep in mind that it will have an affect on your overall credit score. The more credit cards a person tends to have, the more impact it has on their chances for a positive credit score. 

There are many types of research that you can do before you apply for a credit card. First of all, look at the interest rates and APRs offered by the credit card company. The lower the APR and interest rate, the chances are the better the card. There are also cards out there that offer incentives for using their credit card and paying down the balance. Frequent flier miles and free bonus points are also items to consider when you apply for a credit card. Another option is credit cards that help pay down student loans. In these cards, a portion of your purchase goes towards your student loans at your perspective college.

This Financial Services article was written by Colby Almond on 3/23/2010