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Avoiding College Credit Card Traps
Congratulations college freshman! You’re about to embark on one of the most exciting times of your life. By now your parents, siblings, and friends have offered you all kinds of advice on how to make your transition to college smoother - how to get...
Bad Credit Debt Consolidation by www.alifeoutofdebt.com
Are you afraid of bad credit? Then this article is perhaps for
all of you who feel bad credit is an issue. Let this be your
first step towards Consumer Credit counseling.
No doubt there are numerous bad credit personal loans but
hunting for...
Bad Credit Loan and Bad Credit Loans
A bad credit loan will usually carry with it an extremely high interest rate and may require some types of collateral to be pledged as security for the loan. Bad credit loans may also require a co-signer to limit the risk involved with lending...
Capital One Credit Cards
Looking for Capital One Credit Cards? Well, friend, you are reading the right article! This article will offer a no-holds barred look at the types of cards offered by the Capital One Bank, and the features and rates that they offer.
Capital One...
The Rewards Of Student Credit Cards
The way to help build a bright future is to extend your
education into a higher learning facility. A 2004 study by the
U.S. Department of Commerce found that a high school graduate
earns an average of $36,000 per year, while a person with...
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Common Credit Card Terms and What They Mean
When shopping around for a credit card, it is very important to
understand the terms and fees that each card offers in order to
make an informed decision regarding the best credit card for
you. Because these terms affect your overall cost, it is
important to compare the terms and fees of various cards before
opening an account.
Annual Fees
These are the annual membership fees, or participation fees
charged by some card issuers. They can range from $25 up to
several hundred dollars.
Annual Percentage Rate (APR)
The annual percentage rate, or APR is the cost of credit as a
yearly rate. By law, this rate must be disclosed to all
applicants of a credit card. This rate is often variable,
meaning that it can be raised or lowered depending upon the
performance of the index, or econonmic indicator, that it is
linked to.
Balance Transfer
This is the process of transfering an unpaid credit card balance
from one card to another. Often the card receiving the balance
will charge the card holder a balance transfer fee.
Cash Back
Some credit cards offer cash back incentives to the card holder.
These offers usually mean you will receive some percentage of
the total amount charged to the card monthly, quarterly, or
annually. This
percentage may be paid to you by check or may be
reflected on your account as a credit.
Grace Period
This is the period of time offered by some cards that allows the
card holder to pay the balance in full without accruing any
interest charges. If your card does not offer a grace period,
then you may be paying finance charges from the date the card is
used.
Introductory Rate
Credit cards often offer special "introductory rates" to new
card holders. These rates may be as low as 0% for a specified
period of time. After the introductory period ends, the annual
percentage rate will increase to the cards regular ongoing rate.
It is important to know what this rate is as well as how long
the introductory period lasts prior to applying for one of these
cards.
Transaction fees
Some credit cards will charge additional fees for transactions
such as cash advances or balance transfers. Late fees may also
be applied when a payment is received after the due date.
About the author:
Karyn Kudrna is owner of websites that offer information on low interest credit cards
and credit cards for bad
credit and payday
loans
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