Best Free Credit Cards

Credit cards bring to us a great amount of financial freedom and convenience. To start with - credit cards eliminate the worries and hassles related to carrying hard cash, most of them are globally acceptable, they do carry consumer protection laws and they of course enable us to spend now and pay later.

The following are the most important things that one should keep in mind before deciding to opt for any free credit card:

• See that your credit card is safe and secure and does offer identity theft prevention and protection mechanisms.
• See what rights and protections you carry when you get a credit card and how can you power in those rights when needed.
• Make sure you are very well aware of the annual fees and interest rates. Since most credit cards have floating interest rates, that means you will be charged interest on the due amount every pre specified period of time (usually monthly), make sure to check out and compare the rates with other credit cards those that are available in the market.
• Many credit card companies offer you free gifts, cash back offers, bonus points, etc. Do keep a tab on things and see whether you are charged anything for those in a hidden way.
• Also make sure you are well aware of your spending limits and try to ensure that you have complete control over it. If you end up getting too deep in debt, you will have to cope up with lot of financial burdens that debt would bring to you.
• Ensure that all your bills are paid before the due date so as to avoid any interest rate worries. Also know this cash advances do carry the interest factor with them, whether you pay it within time or not, you will be charged interest on every cash withdrawal from ATMs.
• Safety is of prime importance and make sure you keep all your banking related information, credit card pins and mailers in your safety vaults so as to avoid forgery and theft.

Today most credit card companies offer free credit card options with the following options:

• Free credit card for lifetime (double check hidden clauses)
• Free credit card for a fixed duration of time
• Free credit card till a certain spending limit is reached
• Revolving Agreement - You have the option to pay your dues every month or make partial payments depending on your outstanding dues. Whatever the outstanding balance, you will be charged on a floating point interest rate for the same.
• Charge Agreement - You have to pay your full dues within the billing cycle.
• Installment Agreement - You agree to pay your dues at fixed intervals as directed by your credit card company.

Check out which of your local banks or companies offer you free credit cards and check out what are the terms, conditions and strings attached with them. Ensure that you read all the terms and conditions before you go for it. Here are some credit card types for which you can opt for as per your needs:

1. Gift Credit Cards
2. Chase Credit Cards
3. Prepaid Credit Cards (best option for teenager and students)
4. Gas Credit Cards

Several other sub options include - low interest credit cards, business credit cards, cash back credit cards or credit cards for people with bad credit. One final thought - a Mastercard, Visa, Amex or Discover card would be more trustworthy than most others.