In today’s economy, finding a cheap credit card is more important than ever.  By “cheap credit card,” I mean a card with low fees in addition to a low APR, or annual percentage rate of interest charged.

Fortunately, there are many inexpensive credit cards out there, including several zero percent APR credit cards.  If you are willing to take the time to do some research and make a few phone calls, you should be able to find a zero percent credit card now!

American Express is famous for the rewards offered to its cardholders.  Some of these rewards are nice, such as advanced ticket purchases to the U.S. Open and other sporting events and concerts.  However, most American Express cardholders have to pay a substantial annual fee.  Even if a customer has a low rate of interest on their credit card, the annual fees can add up, particularly for people who charge less than $5,000 on their credit card every year.

My advice is to thoroughly and reasonably assess your spending habits first, and then decide which credit card is right for you.  If you charge more than $20,000 each year on your main credit card, then focus more on APR and interest rates than annual fees.  If you are a tennis fan, an American Express card could be the best choice for you.

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