Smart Cards, Online Credit Cards Offer More Security
Online credit cards use even more sophisticated authentication processes than regular credit cards to make sure your transactions are even more secure. Onilne credit cards also have a microprocessor built right into the card, which enhances the memory and processing capabilities of the card, making it possible to store identification information, track participation in rewards programs, and store other useful information right on your card. For now US markets offer only a few "smart" cards with these unique capabilities, but growing popularity and increasing demand for card-user security, may lead to Online Credit Cards replacing simple plastic cards, almost entirely in the future.

Before you apply for an Online Credit Card - things to consider...

• Card rates, fees, and card member benefits are comparable to other general-use credit cards, but the added peace of mind and security for online credit card offers enhances its value for many consumers.
  
• Introductory rates are temporary offers that may last anywhere from a couple of months to the current high of 15 months. Also, introductory rates may apply only to new purchases or only to balance transfers, or if you're lucky, both. Don't apply for a card with a low introductory rate on balance transfers, if you're not planning to transfer any balances. Be sure to take note of any special conditions or fees that may apply to these promotional rates on online credit cards.
  
• Be aware that regular, non-introductory interest rates (APRs) on online credit cards generally apply only to new purchases. Interest rates for balance transfers and cash advances may vary.
  
• Find out whether the APR is variable or fixed. Most online credit cards offer variable rates, meaning the rate will fluctuate based on some financial index (usually the Prime Rate). Fixed-rates may also be raised when interest rates go up, but credit card providers are required to give the cardholder at least 15 days notice before changing the rate.
  
• Pay careful attention to any annual fees, balance transfer fees, foreign transaction fees, over-the-limit fees, late payment fees, or other fees that may apply. This information should be included in the Terms and Conditions (the "fine print" section of the online credit card offer), but double check with your issuer to make sure you haven't overlooked anything. This will help you avoid any unpleasant surprises with your online credit card!