With an increasing percentage of customers paying off their current minimum monthly balances each month, it is difficult to find the lowest rate available – for a number of reason, one of which is that the interest rate for these cards is quite high. However, some customers do pay off their balances every month – and have not reached their repayments.
Usually, the lowest rate available is that being eligible to avail of an Interbank Offer (ISA) – but not always. You will often find an airline offering a low rate. However, there will be an airline carrier that will often waive the interest for you, depending upon their business. Some extra benefits of the air miles you could get are as follows:
A) Get a discount on any airline tickets.
B) Get to see all the airlines that may be available.
C) If you qualify for this, you can get a discount rate of up to 25% on hotels and motels for up to 12 months, or even in ATMs for up to 15 months.
With enough credits, you could even get the chance to get a 10,000 bonus visa with your air miles qualification.
A) This does not happen if you are an expat.
C) The advantage is that you should pay off all your balances promptly, and not wait for the airline to waive the interest, thus lowering the balance amount for you.
This sounds like a dream scenario – which is exactly what is being offered.
So what is the minimum required credit card balance (not including the credit card interest rate) you might also happen to be paying?
You might be paying interest on the existing balances of credit cards on your existing low rate airline cards, or of credit cards on other low rate cards. This is used to determine the interest rate for the whole balance of future account transfers. The most common of these low rate cards is one that will accept credit payments at the end of the period.
Now, this is not an ideal circumstance, as you do not live in the meanest part of Europe, so this offer might be bad for you – but the fact of the matter is that a low rate credit card is for someone who would spend hundreds upon hundreds of euro a year having low interest in their accounts – and would not be able to pay off all of those credit cards as they simply would not be able to afford.
That being the case, the company issuing this offer may well decide to give up this offer or, at the very least, cancel it altogether. If they choose to do so, it would not be the first time that they have decided to be flexible – meaning that you could become delinquent on some of your repayments. There are some types of debt that may still be on these cards; there are some that are considered as low risk in today’s market.
All in all, low rate credit cards can be a great way to keep you out of debt – especially if you are debt free before the time period is up – but you should not rule out applying for another low rate credit card – or to switch providers immediately. It is very important that you have a good credit history to make applying for a low rate credit card for this purpose. This will help you regain your finances.
To make sure you get the best low rate credit cards for you – you need to do a little research into their features – and to weigh the pros and cons, and see to it that you will get one of these offers for yourself – so you can have a great low rate credit card offer automatically for you.
Selecting the Best Store Credit Card for You
The primary factor in selecting a credit card for you is your ability to pay back what you’ve spent. For this very good reason, even though you may have no credit history at all, making the right purchase with a store card and your credit line will earn you rewards and points. The points, for example, can be redeemed for 50% off your next purchase at a cash back basis, however, when you’re reached in your reward points you will be charged 20% of the purchase price with interest. So, if, with a store credit card, you purchase 50% off your next purchase (if you only pay the 20% of the purchase price on the 50% off purchase price) then you must be making 1,000 return deliveries in the last six months, which you should reasonably expect the money back. To get to the ‘average’ return delivery, however, you must aim to deliver a specific amount – 1,000 – each time to your desired location, and each time it occurs on your spending account.