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Annual Percentage Rate Credit Card

Everyone hates having to pay higher tuition fees, more phone bills and an ever-increasing cost of living to keep their car running. Let’s face it: Credit cards can really do some good. And we all know how easy it is for a card to be stolen! But we don’t have to live like fools each time someone gives you a credit card. Instead, let’s look at some benefits of credit cards, what they can do for you, and some practical tips on how you can use a card properly to keep your credit card balance from draining over time.

* Monthly Balance Transfer

A credit card rewards program is a great way to transfer high interest cards to low or zero interest cards. You’ll need to make certain that you’re on the date to transfer the balance, so you don’t have to pay for it! Some cards offer cash back as well as insurance to cover the cash difference. Check at least monthly to make sure and add this to your credit.

* Low or no rate credit card

Some credit cards have no-rate cards. If you qualify, you will often get an APR of zero. The truth is, low or no rate credit cards are not designed for every person; they are not particularly intended for you, and you may not even want them. However, with a good credit rating and plenty of cash on hand, card companies are becoming more and more generous with their offerings. In fact, there have even been cards that have tied into certain airlines, such as the Citibank Platinum Card, which has no interest on the transfer you might incur on one card.

* Consolidation or Pay-as-You-go

Credit cards are also becoming increasingly popular. Consolidation cards allow users to take full advantage of credit cards without ever paying for the card. This is very advantageous especially to those who don’t have enough available credit to make full use of the card.

Pay-as-You-go cards are designed with the goal of offering a single ‘rate’ where you have to pay off all charges on the card at a time – thus making it difficult or impossible to use the card on your next visit to your favorite store.

* One-time incurring expenses

A credit card with a very high interest rate and high monthly payments don’t help you if you are charged up to the full balance or you pay it off entirely. Before you fall into that trap, there’s a warning involved! No-rate or consolidation cards use interest rates that rise or fall with each passing month.

How To Use A Balance Transfer Credit Card

We all want to pay off our balances, right? Well, here’s how to use a balance transfer credit card.

First and foremost, any credit card has its own advantages. There are some cards that have their own advertisements and promotions, but other cards are based around enticing you to pay off your balance by exchanging the corresponding amount of your balance on their introductory APR. If you’re like most other cardholders, you’re not even aware that you are trading the balance of a credit card for a 0% interest rate on new purchases.

The advantage of using balance transfers to pay off your credit card debt is you get significant savings over being tied up with a high rate of interest. While this is one of the advantages, it isn’t the only one.

The best way to get serious savings is by using this tip that we all used to use for years. This tip has worked wonders for balance transfer to the new student credit card user. The credit card you are using is now a student, and you have the opportunity to find a way out of this financial burden while you can at the same time enjoy the rewards.

How To Use A Balance Transfer Credit Card

Over half of all credit cardholders may have failed to understand that credit cards are an integral part of their lives. They have credit cards for entertainment, books and, of course, debit cards. Many credit cardholders simply do not know how to use a balance transfer credit card.

Balance transfer credit cards offer the opportunity to totally erase one of credit card debt’s negative negative marks. Credit cardholders carry balances owing from their credit cards over an extended time period without paying any interest. Credit card companies then charge merchants, pre-established loan institutions, and retailers with interest and fees of up to 50% of the credit line, and a higher percentage on their new credit card balance.