If you’re considering applying for a credit card, there’s a lot to weigh up.
On one hand, you’ll enjoy the ease and convenience of being able to make large purchases without dipping into your savings; you’ll be able to shop online; and you’ll have access to credit in an emergency.
On the other hand, credit cards can come with hefty fees and interest charges. The most common fee incurred on credit cards is the annual fee.
For this reason, a number of credit card providers offer special low-annual-fee credit cards to make being a card owner a less costly endeavour (as well as to make their credit card more attractive in a competitive market). But in order to choose the right low-fee credit card, you'll first need to know the benefits of such a product and how to carry out a low-fee credit card comparison.