Something else that will determine whether you qualify for a particular credit card is your credit score.
Secured Cards If you have a low credit score, a secured card, which requires a security deposit, may be appealing to help you improve your credit. But some cards are far better than others, and you need to be on alert for onerous fees.
Over the past year, many credit card issuers have updated their customers' magnetic-stripe-only card with those that have both the stripe and what's known as an EMV chip.
Or, if you drive a lot, you may want to to reduce your gas expenses by using a cash back card.
Card issuers make it tempting to apply by offering sign-on bonuses or waiving certain fees, such as a balance transfer fee.
With cards issued by airlines, you might need to use up to 50,000 points to get an unrestricted flight on the dates you want to travel. An annual fee may be charged when the card offers rewards, such as frequent flyer miles, hotel points or even cash back. Some airline cards that charge annual fees provide other benefits such as priority boarding.
Waived Annual Fees Many credit card issuers waive the annual fee in the first year. And several premium travel cards from banks and airlines offer additional benefits, such as travel insurance, trip-delay coverage, rental-car insurance, and occasionally no foreign transaction fees.But if you decide to go ahead and apply for a new card, think also about how much it may cost you.Consider whether you'll be paying off your credit card balance each month, and what the interest rates are on outstanding balances.The expectation is that the new chip will help reduce fraud. issued credit cards instead use what is known as "chip-and signature" technology.One thing to realize, though, is that just because your card has an embedded EMV chip doesn't mean its necessarily using true chip-and-pin technology. So even though you will dip your EMV-ready card into a new card reader, you'll still need to sign for purchases, instead of entering a PIN—a less secure process.Instead of swiping your card through a card reader at the cashier (so it can read the data on the card’s magnetic stripe), you now insert it until the transaction is complete. had been behind most other nations in card-payment technology.