There's never been a better time to choose a credit card. There's a large range of credit cards to choose from and a number of financial incentives to encourage you to switch. These are some of the things we think you should think about when making your choice of credit card:

• APR or the Annual Percentage Rate is the interest rate charge on your loan. This figure takes into account not only the interest payable over the term of the loan but also any other related charges or fees. As such it’s the best measure for comparing the cost of borrowing from one lender to another.
• 0% Balance Transfers. Balance transfer deals allow credit card holders to transfer the money they owe to their existing credit card to another credit card, usually at a special rate of interest. The new credit card company pays off the old credit card debt and transfers it to the new card.
• Cash Back. Yes, these cards really do give you cash when you spend money using their credit cards. The cash back reward is usaully a percentage of your annual spend and the rate varies from card to card.
• 0% Purchases. These credit card offers provide you with 'free' credit. A 0% interest purchase rate credit card offer will give you free credit for an introductory period before the standard APR is applied.
• Rewards.These cards offer a range of benefits, usually by giving points for every £1 (or multiple) spent using the card. These rewards can then be used purchase catalogue goods, or as vouchers in listed retail stores.