The term free credit card offer means you do not have to pay an application fee, or an annual fee to own that card. If you are like most Americans, you have gotten a countless number of unsolicited communications from credit card companies offering you pre-approved applications for credit cards with no annual or application fees. Examples of companies that offer this type of card are banks and stores.
A very important thing to remember is that using a credit card is a form of borrowing some money. You are simply extending the full repayment of your purchase over a specified period of time. Even if the card you have applied for is considered a totally free credit card, you will still be charged various interest fees at the end of the month if you are carrying a balance. If your payment is late, you will always be charged late fees that sometimes sometimes double or even triple your payment. So, before you apply for a credit card, you must first read the terms and conditions as it can affect your overall cost of any purchases.
Using common sense when it comes to applying and using credit cards is the smartest thing you can do financially. Just because the credit card is considered a free credit card does not mean it is the best one for you. Before you apply for a credit card, compare it with other cards. Spending a little time and effort may save you a lot of money in the long run.