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There are 3 features to the credit card itself:

1. Annual fee
2. Interest rate
3. Grace period

All 3 of these things MUST be disclosed to you at the time you apply.

Some cards, like Discover, pay rebates as well. Some cards offer other features like frequent-flyer miles and extended warranties on your purchases. You can decide how much each of those features are worth to you.
The pattern of your shopping is also very important. A card that your favorite stores don't honor wouldn't be of much use to you.

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