It all starts with low balance cards.
High credit card availability means that you can often get a low down payment limit on some low down balance cards.
The most common offer here is the one I’ve been offered. They’re offered for a while now, but now seems in time for an introductory offer. This means that once your low down payment limit is paid, you can generally expect to get the full minimum if you want to take advantage of that offer.
How it Works – when every credit card issuer’s offering account is finalized, the card issuer chooses one of the lower interest rate cash-introductory offers based on the offer that the credit card issuer chooses – that is, low interest, low APR, low annual fees, low transaction charges, or both.
Each card issuer also offers their own customized low down card. The cards will have their own APR, which is usually from 3.9%, as well as similar offerings from some of the more prestigious issuers. The low down cards that are given to you need to be quite a bit lower, due to the low APRs being based on your credit scores and therefore not on what you actually spend for every dollar that you’re charged.
Basically, low down cards are like cards for your credit cards. Not only do they lower your APR, you get extra benefits such as: APR Elimination Rate (at a much higher rate of interest), Rewards, Gold and Platinum items that you could otherwise have, and the option to exchange or transfer a balance (of any kind). You just deposit your lowest APR down to win better interest.
The best part is that, after the introductory offers are gone, many people will typically get some lower interest (perhaps 6.9%) than others. Some of the low APR platinum credit cards offer a much better interest rate than others for which some of you can get a better low monthly transfer rate than other cards.
So, to sum it up: Low down credit cards are for you rewards, and are designed to encourage you spending on that credit card to save yourself some points. Remember to select the cards that are appealing to you and/or get credit cards that offer a low APRs.
The Benefits Of Lowered Rates For Business Credit Cards
Business credit cards are ideal for those who want to maximize the savings from their cash-strapped employees. By using that savings from your business credit cards as much as possible, you will be able to save on other expenses, such as airline tickets, hotel accommodations, and even car loans.
Lowered rates on business credit cards are a good thing. Business credit card issuers just might not even be willing to increase the APR, but at a much lower rate than what they may have advertised. As much as other cards that offer a low APR are offering low rates, low APRs only means a lower payoff. That low APRs are in fact just a trick of the credit card industry. Some do actually indicate a low introductory APR, until the card is profitable.
Business credit cards can be your friend. You want them. If you want to maximize the savings when you make your corporate and corporate business trips, don’t forget to carry your business credit card with you whenever you are traveling. Paying your corporate office employees with the highest rates on your business credit cards means you save money, but as you also know, you can use it.
There is one exception to this. Some airline credit cards offer corporate travel benefits as part of their introductory offer. It is free. It is like the vacation of the corporate world while you are the corporate one.
There is a special business benefits that applies to this special enterprise. For example, these business credit cards usually offer no annual fee because they offer every expense free. There are a couple of rules about this as well. You are supposed to pay at least double the fee of the corporate credit card. If this happens instead of paying the minimum yearly fee, you will be paying a maximum amount of $150.00 for general traveling expenses. This is a federal law that means you are supposed to pay for anything more then double.
None of this is to say that low APR business credit cards are a bad thing. If you make purchases that were authorized before the introductory offer and that you have to pay the full annual fee, then you should be fine. The card issuers charge high interest for this kind of thing, and they do offer some fantastic low APR business credit cards, such as the Platinum MasterCard.