Do not let Low interest credit cards Mislead You

Anyone who plans on obtaining a zero interest probably know that a single delay along with your payment can cost you to get rid of the interest-free period and become stuck with a more achievable rate. So prior to getting all too excited in trying to find the first 0 interest credit cards you can see, consider, are you really ready to fight the challenge? Is it possible to agree to paying your debt balances promptly all through the zero interest period? Are you able to finish reducing all your balances within that zero-interest period? Otherwise, switching to a zero interest won’t be a great idea. Continue reading this post…

Balance Transfer Charge Cards you should know

There are only three major pitfalls to transferring a high-interest credit card account balance over to a balance transfer card (this article won’t go into some of the other ways of using 0% balance transfer charge cards, such as stoozing).

These three pitfalls can be summarised as FOP: fees; 0% offer length and purchases. Continue reading this post…

How to eliminate credit card debt

Using Cash for Purchases

Most people hope that their debt filled will soon be over. But credit cards are like easy money and it’s very tempting to use it to buy whatever you want. There are those who think that if you want something, then you need it as well. People use their credit cards to fulfill their wants. Continue reading this post…

How to Qualify for a Zero Interest Credit Card to Transfer Credit Card Debt to a  Zero Interest Credit Card

Whilst electing to transfer credit card debt could potentially save hundreds of dollars, it isn’t an option for every customer because not everyone will qualify. Lenders are seeking to cherry-pick the best customers and will only offer zero interest cards to those who have a good credit history and are most likely to regularly use their cards. There are a number of steps that can be taken to improve a credit score from good to excellent relatively quickly. The way that outstanding revolving debt is distributed has a huge bearing on credit ratings. Don’t leave old credit and store cards gathering dust, use them. Continue reading this post…

How to Use a Balance Transfer credit cards For Life Wisely

There are some credit card providers who offer a low or 0% interest balance transfer offer and the same low or 0% interest rate, for the same period, on purchases. This means new purchases will not accrue high interest charges, and you can more easily remain in control. Continue reading this post…

What does interest or APR stand for when talking about low interest rate credit cards

Basically, APR is the charge for credit as an annual interest rate. APR stands for “Annual Percentage Rate” and can be used to compare various credit and loan offers. The APR on credit cards is most often calculated monthly based on the current amount on the credit card.

The monthly interest is worked out as if the current card balance would remain the same over a year; the interest on the amount over a year (APR) is worked out and divided by 12 to get the monthly interest. It is a must that all lenders tell the client what their APR is before signing any agreement. Continue reading this post…