Credit Cards

By Morgan Hamilton

There's a lot more to getting the best balance transfer credit card deals than looking at the rate offered. The length of the introductory rate, the rate offered during the introduction, the standard rate imposed after the introduction, the annual fee, the credit level required to be accepted and many other things written in the fine print all must be considered to determine what are really the best balance transfer credit card deals.

Many of us are looking for a way to lower our expenses and free up some of our readily available cash. Transferring the balance on a high percentage credit card or credit cards to one that charges a lower interest rate may be one very good way of doing this. But you must tread carefully, read all the fine print, and generally have good or even excellent credit to be able to take advantage of this opportunity There are many balance transfer credit card deals advertised, and they all claim to be the best. Let's take a look at a few features.

The first come-on is that the rates are rock bottom - and perhaps they are. But being the best in balance transfer credit card deals isn't just about these rock bottom rates. Generally the introductory special that offers these low rates run for five to nine month - sometimes a full year. The rate might be as low as zero percent or as high as three percent. The introductory rate might be offered just on the balance transfers or on purchases made during that time as well. You need to know which.

The biggest problem with a lot of these supposedly best balance transfer credit card deals is that these introductory rates are available as long as you never miss or are late with a payment. Should you be even one day late on one payment during this time period you could all of a sudden be looking at a 20 percent interest rate for the duration of your use of this credit card.

The second thing to keep in mind in determining your best balance transfer credit card deals is the existence of a transaction fee, and its amount. Some credit card companies charge such a fee for letting you transfer your balance from another higher interest credit card. You should tread carefully. It may be, depending on the transfer fee, and the balance you have on your current cards, as well as the difference between the current interest rate you are paying and
the introductory offer on the new card you are considering that that card you are considering is not really one of the best balance transfer credit card deals.

Morgan Hamilton offers his findings and insights regarding the world of finance. You can get interesting and informative information by visiting Balance Transfer Credit Card Deals

Article Source: http://EzineArticles.com/?expert=Morgan_Hamilton

Posted by Orce Dimitrov at 4:19 AM | Permalink | Comments

By Stuart Laing

Millions of people all over the world are strugling with credit card debt. And that figure is constantly rising, along with the risk of further interest rate rises.


You might be managing to keep your debts at bay as things currently stand, but could you cope if interest rates started to rise?


Okay, you might have a fixed rate mortgage, but what about your credit card?


Credit card payments tend to change in line with interest rates, and this is where problems can occur. If rates go up, your credit card payments are likely to follow.


So if you want to guard against interest rate rises, it's important to get your credit card debt under control.


And apart from spending less, one of the easiest ways is to make sure that your credit card debt doesn't grow is to avoid additional interest payments and penalties.


Spending on credit cards is at an all time high, lenders are making record profits, yet that's still not enough for the credit card providers. They've become greedy and have imposed a string of extortionate penalties on cardholders who fail to make their monthly payments on time.


So the first step is to set up an automatic direct debit from your bank account to your credit card account(s). Each month, the minimum payment (or any other regular amount that you choose) will be made to your credit card account. This will help you to save time and will avoid the risk of being charged a late payment penalty.


But it's not as easy as it sounds. Many providers make it as difficult as possible for cardholders to set up automatic credit card payments. In fact, some will only accept direct debit set up instructions though the post.


But let's face it, credit card providers rely upon the fact that many customers won't set up automatic payments. And then, when they miss a payment or are just a few days late, they boost their profits by charging a hefty penalties.


So ask your credit card provider about setting up automatic payments. And if they make it difficult or put obstacles in the way?


Simple!


Transfer your debt to a place where you can set up automatic payments. And make sure you get a lower interest rate while you're at it.



by Stuart Laing


Copyright (c) Get Out Of Debt.


Have you been struggling with debt for as long as you can remember? Are you ready to do something about it? Visit http://www.icanhelpyougetoutofdebt.com for free, impartial information on how to reduce debt.


This article may be freely distributed as long as the copyright, author's information and active links are included.



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Posted by Orce Dimitrov at 3:03 AM | Permalink | Comments

By Olivia Andrews

Today’s life is quite expensive and many times we don’t have that much of cash with us to purchase the necessary things for our requirements. Even people are not able to purchase a house or a car with cash payment when they really need it. And that’s the reason why we all need credit. There are many other ways through which you can finance a purchase without having sufficient cash. So you can apply for a credit card and check for what type of credit you qualify for.

Getting credit for a big purchase works in the same way as the credit card does. With this credit you can purchase anything without actually having the money for it because a bank or other lender shall believe that you have that much of financial capacity to pay off certain amount of bill. When you have a strong financial standing to deserve credit then you are allowed to make large purchases without the cash in hand. The first step is to find out whether you are eligible to receive credit for a purchase is the filling of an application form or you can also do it online.

As the name suggests, a credit application checks whether you qualify to receive credit for the thing you are applying for. Many times people don’t know how to go for the process to qualify for credit and they don’t even understand what it is actually a process for which you need to apply. But one should be aware that the process of receiving credit is not always as easy and it requires that you fill in a whole credit application and also report any previous credit if you have.

Lenders and banks should also be careful so that they don’t lend to people who are insufficient to pay back and this is the main reason why a credit application is needed and there are seemingly strict requirements to receive credit as such.

For more information, visit our recommended website

Olivia Andrews, writer of credit-card-debt-consolidation-guide.info is a freelance journalist and has written many reviews on subjects such as finance, education, health, entertainment, music, gifts, crafts, travel, apparels and mobile phones.

Article Source: http://EzineArticles.com/?expert=Olivia_Andrews

Posted by Orce Dimitrov at 12:45 AM | Permalink | Comments