If you want the flexibility to purchase items and pay later you may be in the market for a credit card.
In today's competitive market, there are so many cards and providers that it can be hard to work out which type of credit card would be best for you.
If you want to make sure you choose the right card, start by understanding what cards are available and how they operate.
Overview of Credit Card Services

• Basis - Regular, secured, pre-paid, premium, debit option; each has different advantages and disadvantages.
  
• Type - Visa, MasterCard, American Express, Diner's; some cards attract higher charges from merchants and not all merchants accept all cards.
  
• APR/Interest - Fixed, variable, multiple, tiered, introductory; interest payments can be significant, so make sure you understand how it's calculated and charged.
  
• Fees - Annual, finance charge, penalties; make sure you know what flat fees are applicable, how much they are and when they are charged.
  

What are your needs? By asking yourself a number of questions, you can work out what you're most likely to use a credit card for.
Here are some to get you started: Q.
What do I need a credit card for? A.
If your credit card is just for emergencies, then you can probably afford to go for a card with a lower credit limit, which in turn will reduce your monthly payments even with a higher interest rate.
If it's for vacation purchases or other high spends, then a higher credit limit card with lower interest rates will be a far better option.
Q.
Will I pay the balance in full each month? A.
A card with no annual fee and longer grace period will be the better option for you if you won't pay back the full amount each month.
If you do pay monthly consider setting up an auto payment to your credit card from your normal savings account as missing the monthly payment can cost you a lot in fees and interest.
Q.
Are there any special features with the card? A.
It may be that you can collect Air Miles (frequent flyer miles or points), or petrol points, or similar promotions whenever you use your card.
Other options may be a donation to charity by the credit card company itself each time you use it - so always find out what features your card offers.
Q.
Is the card insured? A.
Although credit cards are excellent at stretching finances, they can also place a burden on you if something goes wrong.
If you lose your job, for example, or suffer a serious injury that prevents you from working - does your credit card company cover your payments? This is very important to find out.
Additionally, is your card covered for purchases made if it's stolen? Make a short list of suitable Credit Cards You'll soon be able to come up with a short list of cards that seem to suit your needs.
Now you're looking for the best fit.
Secured cards are usually best for people with limited or poor credit and require a security deposit.
The size of the deposit dictates the amount of the credit limit.
If you have a good credit history and a regular income then regular, unsecured cards will meet your needs.
These don't require a security deposit and higher credit limits are available.
If you qualify for a premium card, such as gold, silver or platinum, you can get the highest credit limits and enjoy bonuses such as travel insurance, warranties on purchases and emergency services options.
Tip:Make sure you know exactly what the finance charge is, and how it relates to the other aspects of your credit card (monthly payments, balance transfers, etc).
For everything you need to know about choosing the right credit card go to Buyz123.
com: Credit Card Buying Guide