Every type credit card offer has it's own pluses and minuses. One may be specifically designed for everyday spending, while another may not be best for regular spending and far better for a balance transfer from another credit card to make use of a low interest rate for the first 6 months. Before you compare credit cards side-by-side you really need to think carefully about what you wish to achieve with your new credit card account. Are you looking to consolidate debt into one easy payment per month with a low interest rate, or do you want to benefit from spending everyday and earn rewards, while having over a month to pay that spending off with no interest? 

This could make a large difference to the interest costs and fees associated with a credit card. Obviously if you transfer a balance over to a card that is designed for everyday spending, you will probably find that the interest rate on the balance that needs to be paid off is much higher than that of a card that is specifically designed for that purpose. The same applies in the reverse. You wouldn't apply for a credit card that had 0% balance transfer interest if you speifically wanted to earn airpoints on purchases, as these most likely don't exist on a blanace transfer designed card. 

Something else to take into consideration when looking for a credit card to use for everyday spending is the amount of interest free days allocated. Normally around 45 - 60 days, this figure indicates how long after an initial spend that you have to pay the amount off before you start to get charged interest. Effectively what this means is that you can 'shift' your expenses by up to the amount of interest free days, as you are still paying the same amount, but allowing extra time to do so. Be careful to pay the full amount of what you spend within the interest free period though, otherwise you can get behind - and that is when it can get expensive. 

Be Wary of Credit Card Interest

Most providers have a clause in the application that states the interest rate offered for a credit card may be changed without notice by the credit card company. The most common causes for changing the credit card’s rate are late payments, over the limit balances and even rising Reserve Bank interest rates. Credit card companies do list the maximum allowable interest rate in their terms and conditions and this should be reviewed prior to becoming a card holder.

For further information of what to watch out for and the likely benefits of your choice of credit card, check out this article on Credit Card Pros & Cons