Is an introductory rate always a good thing? Click here for the answer!

If you know you’ll pay your bill in full every month, you have the flexibility to focus on the other features of your credit card agreement.

Some credit cards offer a grace period, which is the time between when your bill is calculated and when you have to pay the amount that’s due. With a grace period, interest doesn’t start accumulating on charges until after the payment due date. Just keep in mind that it can take several days to get your bill after it’s been calculated, and it can take several days for your payment to reach your creditor.

You might want to look for a card with a long grace period and no annual fees. That means you can get all the benefits of credit with none of the cost. And if you’re careful about paying on time and spending within your credit limit, you won’t have to worry about late payments or over-the-limit fees.

Finally, you might want to keep an eye out for credit cards that feature a low introductory rate, also known as a teaser rate. For example, the APR might be 5.9% for the first three months, before it increases to a regular rate, often 14% or higher.