Perhaps you have heard or read about these lowered offer rates being sought by large banks and other lending institutions but haven’t had a chance to compare their rates to their competitors. Let’s look at a few possibilities:
1. You have the card at low interest rate
2. You select the card at random; however, this is not a good idea
3. You may be able to pay your balance on payday loan or other payday loan products off before the expiration date
The idea that sounds pretty attractive sounds an awful lot like ‘scams.’
But you may not pay off the card in full before the credit or retail companies offer you their card. That’s like saying ‘pay with a fork.’ Why do you have to pay with a fork? They charge for the oil, they charge for the gas, but there’s much higher interest charge (than in real life). It’s like saying ‘You have to pay for garbage with the trash instead of with cash.’ For the vast majority of people, if paying with a fork is something they’re comfortable with, getting the extra money off their bill doesn’t make any sense. (You might even be willing to go as far as to use it to pay at a discount to the gas.)
Therefore, you should go for an option that is lower than just paying off your balance once
butthurt’; perhaps an option that is higher than ‘yes’ and would be the do yourself the work. You can check with your local Citi’s Blue Web site to find the lowest rated option in your area.
3. You allow your card to expire
Even though you’re not the card owner that’s the rated at this point on your $50 or $100 bill. If you don’t pay off your balance on your next bill, then you don’t want to use it – because no payments are made and you’re in debt of money. If this is your outlook, then you should go ahead and pay off your card.
4. You are still the owner
If you’re the owner you are still the one at high debt; if you’re the only one paying off the card. So, if you’re able to keep track of your current financial status and decide that an option with lowered rate credit card is the best one for you, make an appointment with a financial advisor or talk to some experts. You may just find the best option you can find.
Take charge of your debts with a college student only or a family with kids? Those credit card company’s are the easiest to manage for emergencies such as: ‘my credit is low’.
Loan your children for birthday festivities? You might want to rent concert tshirts for your children to honor your great-grandparents’ gravesites.
Be the first ‘they”, the ones that keep you company’?
Copyright 2006 Ed Vegliante.
Lowered Rate Credit Card? How to Apply
Lowered rate credit cards may be yours for a choice or you may opt to take advantage of a particular card, but you’ll need to speak with one of the credit card representatives before choosing the low rate credit card for your needs. There are many companies who will take advantage of low rate credit cards and provide you with a credit card that offers you a higher rate than the interest charges you’ve been paying on your credit card. If you are planning to take advantage of such a low rate credit card, you need to research on the Internet and find low rate credit card programs online. There are several different programs that are available online so you’ll have to choose one or all the programs you’re interested in. Here are some questions you may have to ask yourself before applying online and using a low rate credit card: 1. Do you currently pay off an older, established, or New debt?2. How much time will it take you to pay off a fixed amount or pay off more than the minimum balance on a different account? If the minimum balance on your previous account is high and there is one high interest rate on your account, how many high interest, or different types of accounts do you need to pay off? How much time would you really save if the interest rate you are paying is not high or low? 3. Do you pay off any old accounts on your low rate card. Do you have any new accounts or balances on the card? Are any applications for low rate credit card being denied?
When you find a low rate credit card online, review the terms and conditions carefully.