Choosing a credit card is not just about comparing interest rates. Here are a few pointers to help you choose your card wisely:

• Check what kind of introductory offers are available to you. You can get deals that give you 0% interest on balance transfers for the first six months, you can get cash back rewards, etc, etc.

• Check what fraud guarantees are available. Some cards will offer you additional protection from the potential dangers of fraud when spending online.

• Check for insurance cover on your purchases. Some cards will insurance any purchases for a limited period which could be a very useful feature to have.

• Check for penalty clauses like how much you will be charged if you miss a payment.

• Check and make sure you understand how the repayment system works, how much you will pay, how long it will take to repay the total balance, as every credit company has different rules on this.

• Check the features that you need. For example, if you pay off the full balance every month make sure the card will not charge you any interest or annual fees.

• Also, if you pay off the full balance every month, check for good cashback deals. These are incentives where you are rewarded with a small percentage of cash back on every £1 of credit you put on the card.

• Check what type of card you're applying for. The most common card types are Mastercard, Visa, and Amex (American Express). Each type has pros and cons depending on how you want to use the card. Common questions are whether the card can be used internationally, whether it's widely accepted by retailers, etc.

• Apply for your credit card online. Some credit cards will let you have an immediate decision, and some offer additional incentives to online customers.

• And finally... Comparing rates is still an important feature and the standard means of comparison is APR, which is always expressed as a percentage.