Credit card companies sent out five billion flashy solicitations last year, and it's easy to get hooked into the offers. But just how good are the deals they're offering?
First of all make sure to read all the information about the interest charge. It may be zero percent for a few months but then it could skyrocket into the double digits. Also look for hidden annual fees and steep penalties if you make late payments.
Every time you fill out an application, you open a window on your credit report and that can hurt you when you want credit down the road, so you shouldn't sign up unless you are serious.