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Credit Cards, Savings Accounts and Mortgages – Top Pros and Cons

Credit cards are extremely useful for you and it really helps when you have low or no credit history. But did you know that credit cards can set you back by thousands of dollars or that putting your savings or retirement accounts into the wrong credit cards or savings accounts can actually cost you thousands of dollars? If not, then there are a few helpful tips on what you should be looking at in the coming days to prevent any losses from the dreaded cards.

1. Look for rewards credit card that offers a low annual fee but will only be used to pay off your credit card balance. This can help you avoid higher interest charges or added costs and fees.

2. Pay all or part of your credit card balance each month.

3. Look for a credit card that will provide you with a 0% APR intro rate for up to 12 months with no balance transfer. The low APR intro rate is the equivalent of paying off your credit card by the grace period that will only expire if your account is paid off. This is a great way for you to show off to potential lenders that you are still using the credit card line, thus eliminating the risk of your account getting turned down by a bank or credit card company which might mean an opportunity fee.

Keep in mind that the lower APR is the rate of interest you will incur until you get the regular introductory deal that you may end up paying in full for at the end of the introductory period. There is always more than one rate you can pay and you should remember that there are other offers and terms that you can apply to your credit card.

4. Choose a card with no membership fees. Do not let the APR on membership or annual fees keep you from using these credit cards in good time.

5. Consider offering a low APR on balance transfers. This can be a good option if you have balances on other cards and need to transfer the cost of the new balance to that card. This might also give you a chance to pay off the existing balances with a shorter time period. One of the best ways to consider transferring old debt to a new card is with a payday loan company. They can usually track new and existing balances that are being transferred and can help you keep a better perspective on how the balance is being paid.

If you’ve made a choice like these, do your homework before signing up for any new credit cards. Once you’ve spent some time doing your homework you’d be, among other things, prepared for some troubles. With some preparation and a little time on your part, you’d be able to control each of your spending patterns and then develop a well-rounded and successful credit card program.

Things To Consider In Choosing A New Credit Card

With so many credit cards out of its reach area – specifically, college students and disabled people – finding a credit card with the right combination of features could be truly life changing. When considering new card offers, it is always more important than ever to consider how you intend to use the card.

While college students may not have an absolute choice in obtaining a card for use in their dorms, that isn’t the case anymore. With a variety of credit cards available, it’s no longer just a few companies offering a plastic option – the whole concept of credit cards has changed drastically, too – so now it’s time for you to explore some new ideas before applying for your first card.

How To Use a College Student’s First Credit Card
‘ Plan to take your time looking through credit card offers most days. While searching for the perfect credit card, focus on the same credit cards most students enjoy: gas, grocery, clothing, and computers. The longer you’ve had a college student credit card, the easier it will be to apply for new cards – and in some cases, be easier to qualify for them than those from the department store and the military.

One way of studying for a new card offer is to begin by taking a detailed look at the credit card’s lines. Look around for the lines clearly in front of you – and at the ones that most students have a good grasp of. Look for the ones that most clearly outline the principle behind the credit card system, that have a clear and understandable outline of their responsibilities and benefits.

Make a list of what you intend to use each credit card for:

-Interest rates for purchases made at pharmacies, telephone, and grocery stores;
-Extension cards for purchases made at gas stations, telephone, and grocery stores;
-Card balance transfer rates.