Consider your credit score, your lifestyle, and how you spend money before you apply for a credit card. Consumers often apply for the wrong one and either get rejected because they don’t qualify, or they end up cancelling the card later on because it’s not a good fit, says McQuay. Both situations can have a negative impact on your credit report. “Not every card is for everyone,” says Torabi. She suggests considering a card with a low APR if you’re going to carry a balance, a card with travel rewards if you’re a frequent flier, or a general cash-back card if you do most of your household shopping.