Getting credit cards is a very powerful and important decision you need to make. There are a lot of benefits that are involved with having the credit card but only a small number of that small number of benefits can actually help prevent the perpetuation of the problems associated with loans while creating a stronger financial footing that can provide other financial options to those in situations outside the control of the consumer.
It is a real pleasure to work with customers who do not have the least opportunity to obtain a credit card.
Here are a few tips on looking for the best credit card deal. (For a complete list of low-cost credit cards, be sure to check out at your local merchants and reward credit card companies.)
Look at the APR: Some low-cost credit cards are slightly higher than others.
The introductory period helps to set the stage. For example, Chase credit cards start off with a 12% APR. Then, cards that are intended for college students are typically higher. Then, after the introductory period is complete, cards may be higher depending on your specific needs.
Keep in mind that low-cost credit cards often have higher APR’s when compared to those credit card companies that give you small introductory offers. However, even they do not eliminate the drawbacks associated with your particular circumstances. Consider the following 2 tips to help you narrow down your choices:
1. Save Money! Most low-cost credit card providers will only offer you the lowest interest rate for a limited period of time, before any introductory offer, or at the end of the introductory period.
2. Interest-Free Spending Period! If the low-cost credit card offer is a promotional period for a limited time (not months), the offer will continue to charge interest until the low-cost portion of your balance, is paid off. This can be attractive to students, or to those who are looking to rebuild their credit, with the APR starting at 18%.
Keeping your head above water when it comes to low card choices is the key to limiting the future delinquencies and financial mismanagement that can occur. Credit card companies benefit by enticing you by providing low APR’s for a short time, after which you may be re-entered with a better interest rate.
So get the lowest possible APR without jeopardizing your credit standing or taking any credit action. If you are in a rush, be certain to compare low-cost credit cards and their advertised interest rates. You are not alone!
Some low-cost credit cards are often offered with an interest-free period. However, you should check into your credit card options before getting either the 0% or no interest-free extended period. Read the terms and conditions carefully to know what the time may be extended beyond the free period’s time limit.
Having good credit is the first step in establishing and maintaining a positive credit picture. Before filling out an application, be sure to read the terms and conditions closely and read carefully.
Low Spending Platinum Credit Cards: Eliminate The Competition
One of the most commonly heard complaints made by consumers regarding low-cost credit cards are the complaints concerned with their monetary rates. One of the most frequently heard complaints when shopping for a low-cost credit card is the concern about the potential of having excessive interest rates. Several experts teach consumers to keep the interest rates as high as possible, to stay away from unusual high interest rates, and of course to keep a close eye on the terms and conditions of their cards. The reasons given for high interest rates are often related to the balance transfer or variable rate structure. It is not uncommon for consumers with very high balances to transfer their balance on their current card in order to qualify for lower interest rates with the card company. Therefore, it is possible for some customers to effectively transfer their money from their higher interest card to a different card without paying any additional fees or charges.
However, there are a few things that most consumers are unaware of. First, most credit cards these days use a special variable rate card. This variable rate card is also commonly referred to as the low-cost variable rate card. In short, this card offers an interest rate as low as possible without bringing any additional charges on the card. In many cases, this rate will be 0% APR or low variable interest for up to the first six months after the introductory period ends. Thus, consumers will not have the interest rates they have been promised.