If you are thinking about applying for a credit card, here are some tips on credit card common sense. Credit cards are very important tools in our society to establish credit and to have a good credit standing. By being responsible with your credit cards, as well as other financial tools you can acquire loans much easier and save lots of money in the long run on your mortgage, car loans and personal loans by qualifying for lower interest rates.

One of the most important things to remember when using your credit card is that you are taking out a loan to buy an item. If you can purchase it with cash or your debit card, do so. You will save money in the long run on interest and possibly fees.

It is also important to understand that credit card marketers are extremely savvy and you must read the fine print and the terms and conditions carefully. Make decisions that are right for you and your financial situation. While having the status of a special credit card may be nice, if you can't afford it or if it costs you lots of money each year, decide if it is right or practical for you.

If you have no credit history or a poor credit history, don't jump at the first offer you find, be patient and pick products that are best for you. Many creditors may try to take advantage of your situation by offering you higher priced services or have cards with much higher interest rates.

If you are thinking about transferring a balance from one credit card to another, make sure that in the long run you come out ahead, beware of high transfer fees, introductory offers that end in six months and higher interest rates.

Just use common sense in aquiring and using credit cards and you will be fine.