Some Things to be aware of in signing for a credit card

Make sure you read all the contract before signing. You might find that some banks include clauses you are not aware of, such as raising the interest rate at anytime they like. I have found some even have written in small print that you are to spend a minimum amount each month or you will be penalized. Some cards advertise on the application a very low interest rate, this doesn't always mean that you will get that interest rate. The bank takes it on your personal information you provide such as credit history, job situation, how long you have been at your particular job or home. Always be sure to read the samll print this is where a lot of people become unstuck and get further into debt. Same goes for if you get a letter in the mail offering you a pre approved credit card, this is not always the case. If a person is unemployed they are not going to give them the card. Just beware!!