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10 Things to Look for in a Home-Equity Line of Credit
If you are a homeowner, you've probably received offers to apply for a home equity line of credit (HELOC). Handled with care, home equity credit lines can be an excellent way to improve financial flexibility, provide readily available cash...
Applying for credit cards online
In the olden days, about 10 years ago, before the internet, consumers would have to fill in applications for credit cards, loans, mortgages and so on by hand. It’s hard to believe now, but this lengthy process was the norm, with requests for extra...
Credit Cards - Friend or Foe?
At one time or another most all of us apply for and get more credit cards than we need. We feel like we have to be able to purchase almost any type of item at anytime, whether we can really afford it or not. Having several credit cards allows one to...
Looking for that low interest credit card
If you have been shopping around for a Low Interest Credit Card you will notice that the UK market is awash with Credit Card companies offering low rates to entice you to apply for their Cards. There has never been a better time to consolidate your...
WARNING Credit Repair
The world is swarming with predators ready to tell you that they
can repair your credit. Some of the sources say they can repair
your credit in as little as three minutes, while others tell you
as little as 25 days.
If you are searching for...
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Get A Credit Card With A Low Interest Rate
Before you choose a credit card it would be wise to first find
out the interest rates offered by all the credit card companies
and banks. While you compare credit card companies and banks,
take note of the ones with low interest rates and offer the best
benefits. Don't miss the fine print as that is where the most
important information is usually given. Fine prints almost
always specify the conditions applied on using their service.
It is generally a wise decision to go with a credit card that
has a low interest rate. A low interest rate would almost always
mean that using the credit wouldn't eat up your savings.
One of the strategies of many banks and credit card companies to
attract members is to offer an introductory low interest rate
then hike up the rate after a certain period. It is therefore
advisable to inquire how long the initial low interest rate
would last.
To switch to them, some credit card companies and banks would
waive fees if you transfer balances to them from your old card.
The fees asked by banks for transfers are actually interest
rates in disguise. Make sure that a low fee, which is equivalent
to a low interest rate, is charged to you when transferring or
you could
end paying much more than you actually have to for
clearing your debt.
One thing you could do is pay for balance transfers through pre
printed checks. Your best option is to transfer balances to over
the phone by calling up the customer service line of the bank or
company. Doing such would cost a lot less or nothing at all and
because you chose a card with a low interest rate you know your
expenses would be lower the next time.
It is al important for you to know that incentives such as short
term low interest rate will eventually rise even without due
warning from your bank or credit card company.
You could always ask the bank or company to give you a low
interest rate provided that you have a decent credit history
with the company or bank. If they refuse to give you a low
interest rate then you can always switch to a service that
offers you a better deal.
Remember to use your credit card wisely. Keep a tab on your
expenses while using this card, ensure your dues are cleared
regularly and ensure that the low interest rate remain low.
About the author:
More information about credit and credit cards is available at
stooze online
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