Debt Consolidation
Custom Search
 

Debt Consolidation
Debt Relief
Mortgage
Credit
Bankruptcy
Secured Credit Cards:
The Effects Of
New Business Credit
Eliminate Your Credit
Easy Credit Repair
A Good Credit
Free Annual Credit
Credit Card Interest
Credit Card Payment
Saving Money over
The Best Credit
Credit Card Reward
Bad Credit Credit
The Right Way
What Sets A
Credit card companies:
Should I cancel
How to Save
Choosing and Using
Low Interest Rate
Get A Cheap
Factors That Trigger
The Credit Card
Credit Cards for
Are Student Loans
Citibank's Citi Simplicity
Disputing Credit Reports”What
Bank Of America
Cash Back Credit
Choice Privileges Visa
Credit Card Consolidation
Cash Back Credit
Protect Your Identity
0% APR Credit
Credit Card Logos
Sitemap
Debt Consolidation
Debt Relief
Mortgage
Credit
Bankruptcy
 
Choosing The Right Credit Card
by Mike Collins
They come day after day after day. Sometimes two, three, or four at a time. Credit card offers. The credit card industry is highly competitive and banks and other financial institutions are constantly sending out mass mailings in an attempt to lure p
They come day after day after day. Sometimes two, three, or four at a time. Credit card offers. The credit card industry is highly competitive and banks and other financial institutions are constantly sending out mass mailings in an attempt to lure potential customers to switch credit card providers.

And while it is generally not advisable to regularly open new credit accounts, there are times when doing so can be advantageous. But how do you compare all of the credit card offers to know that you are choosing the right credit card? There are a few things that you should compare and consider before making your choice.

The interest rate. Obviously the higher the interest rate, the more you will pay in interest charges. So the lower the rate the better. Many cards now offer zero-percent introductory rates for periods of up to a year. Transferring a balance to a card like this can be an effective way to pay down your debt quickly. But you have to read the fine print.

Credit card companies usually apply your payment to the debt with the highest interest rate first. So if your interest rate on purchases is 12 percent, your payment will be applied to that balance until it is paid off and then you will begin paying off the zero-percent portion. Because of this policy, many people realize little savings in transferring their balance to a zero-percent card. In order to take full advantage of the policy, you should not make any purchases on the zero-percent card. This will ensure that the balance will be reduced as much as possible before the introductory offer ends.

Reward programs are great ways to gain prizes or cash back by making purchases. Some cards will actually give you a small percentage (about one or two percent) of your purchases back as cash. Others let you earn points that can be redeemed for all sorts of merchandise, airline tickets, or gift certificates. Reward programs are a great bonus, as long as you are not paying extra for it. A higher interest rate will quickly eliminate any savings you receive through the reward program.

Annual Fees or Service Charges. I have never used a credit card that charges any kind of annual fee. It just makes no sense to me. There are so many credit card companies out there competing for my business, why should I have to pay for the privilege of using a particular card. Even if the card offers frequent-flyer miles or cash back, the annual fee will reduce or even eliminate the benefit gained. Shop around and you can find a card just as good with no annual fee.

Keep these 3 things in mind when you are comparing the credit offer and you can be confident that you are choosing the right credit card.
 
The site is not responsible for any content in it. E-mail: alldir[at]gmx[dot]com
debt consolidation, home loan, mortgage, debt free, debt help, refinance, equity loan, unsecured, secured debt, bankruptcy, credit card , bad credit, payday, cash advance, cash settlement, line of credit, student loan, interest rate, borrow money, car loan, adverse credit, compensation, quote, credit score, consolidate debt Franklin township Peaine township Balance of Green township Hawkins village Cazenovia village Towns County Hawthorne Brooklawn borough Smoaks town Sheffield township Ketchikan Green township Mountain Park town Seneca village (pt.) Essex County Long Lake town Fayetteville village Fancy Creek township Monroe County Steelton borough Lynwood village Vanduser village Lynden township Texas Elberta town German Valley village Dupo village Arena village Hecla Ravinia town USA UK Australia Canada Central African Republic Libya Botswana Solomon Islands Russia Reunion Viet Nam Palestinian Territories (Gaza Strip and West Bank) Brunei Bangladesh Caernarfonshire Buckinghamshire Argyllshire Lanarkshire Gloucestershire Montgomeryshire Berwickshire Orkney Wigtownshire Londonderry Nebraska (NE) Minnesota (MN) Puerto Rico (PR) New Jersey (NJ) West Virginia (WV) Arkansas (AR) Indiana (IN) Oklahoma (OK) Northern Mariana Islands (MP) Minnesota (MN) Mississippi (MS) Nebraska (NE) Kentucky (KY) Virgin Islands (VI) South Dakota (SD) Federated States of Micronesia (FM) Georgia (GA) Indiana (IN) Iowa (IA) Idaho (ID)