 |
Further
Reading ...
|
|
One Guru To Rule Them All - Karin Manning
This has happened to everyone. Meltdown, overload, too much information, brain malfunction. All sound familiar? I mean, they don’t call it the information superhighway for nothing. This millionaire is an expert at creating his own products, this...
Real Estate Investors - Red Alert - Mark Walters
Real Estate Investors - Red Alert How's the real estate marketing doing? Is the huge jump in home prices that is evident in some areas symptoms of a value bubble? Good questions, yes? Two things to keep in mind when surveying the market: 1. All...
The 13 Hidden Treasures of Internet Marketing - Sopan Greene
Most people get into internet marketing because it looks like a good way to make money from home. These people usually don't realize that initial sales are only a small piece of the pie. Don't be like them and miss out on all the hidden treasures!...
Increase Your Success and Reduce Your Stress by Outsourcing - Janice D Byer MVA
When you picture a business professional’s typical office scenario, what comes to mind? A classy man or woman, dressed in a high priced business suit, an overflowing briefcase sitting on the corner of the desk, dictating memos and delegating tasks...
|
|
|
How To Get a Low Interest Credit Card
|
 |
Written By:
Tom Coleman
|
|
|
Consumers often have the first credit card that they ever applied for, never really analizing how the interest rate affects their payments, but many other options exist and can help consumers decrease their payments and achieve financial stability.
With interest rates on some credit cards rising to over 23%, even low balance credit card debt can be crippling. One of the first research elements a prospective borrower should look at is the interest rate on transferred debt. This interest rate is often lower than the usual interest rate for the credit card, and can be an especially good deal for borrowers who have debt already. Another element to consider is the interest rate on new purchases – this rate will be the main concern in the years to come, as this new credit card will probably become the most heavily used. Borrowers often worry about annual fees, but these are often temporary. Getting a credit card with low interest rates will save a borrower significant sums, usually much more than the annual fee. Plus, once good credit is established, the annual fee may later be waived.
Another interest rate will usually apply, as well – the rate for cash advances. Cash advances are usually limited to a couple hundred dollars, but credit card companies often insist that when paying back the balance, the credit portion must be paid back first, then the portion that the cash advance applies to. So if you are going to keep a balance on your credit card, be aware that cash advance interest rates are higher than the regular interest rates. Cash advances can be incredibly helpful in emergencies, though, when a credit card cannot be used.
Visa and MasterCard are by far the most commonly accepted credit cards, so less commonly used cards such as American Express and Discover often offer special rates for new - continued below ...
|
|
|
continued ...
customers. These rates are worth attention, even if you think that you may not be able to use the card as easily as your previous credit cards, because transferring the balance to these new cards to obtain the lower interest rate may significantly lower your payments. While your AmEx or Discover Card may not be accepted as often, they can be a good tool to achieving your financial goals.
Even less commonly used are credit cards that are store specific, such as gas cards or department store cards, but these cards can offer incredible deals on interest rates. They rely on the fact that consumers will often switch their spending patterns to the new gas station or store, and this increased revenue makes up for the lower interest rates. A slight change in your habits, such as consistently using the new credit card at the new gas station, can lower payments and improve credit scores.
Researching new credit cards can seem daunting, but by comparing the four main factors, which are the regular interest rate, the rate on transferred balance, the rate on cash advances, and the annual fee, you can reduce your credit card payments significantly.
The author runs the finance website http://www.pawninfo.com about short-term loans and payday loans, and any or all of this article may be reproduced in any form as long as there is a link to the website. The HTML is Pawn Shops and Short Term Loans
About the Author
The author runs the finance website http://www.pawninfo.com about short-term loans and payday loans, and any or all of this article may be reproduced in any form as long as there is a link to the website. The HTML is Pawn Shops and Short Term Loans
|
|
|
|
 |
|
|
| _Additional Resources ... |
|
7 Tips for Growing Your Business You Do Not Want to Ignore: - Kay Graham Gilbert
Growing companies must always be ready for the next challenge. If you fail in meeting critical business challenges you will not grow. Challenges often require some type of breakthrough. But do not be misled. A business breakthrough does not have to...
Hitting The Brick Wall...And Not A Dent - Dan Farrell
You have been slaving away at your computer…designing a website, picking the right affiliate programs, network marketing programs, submitting to the search engines, directories, safe lists, FFA's or even buying some targeted advertising with ezines...
Crisis On the Home Front - Lisa Reddell
Viruses, spam and system crashes are just some of the challenges that online business owners face on a daily basis. But there is another challenge that many online entrepreneurs may overlook. Across the globe, Mother Nature wreaks havoc with ...
|
|
|
|
|
|
|
|
|
|
