Posts Tagged ‘annual percentage rate’
Maintaining Credit Cards Builds FICO Scores Fast
Building credit is a painstakingly slow process that involves providing consistent proof that you are a responsible borrower, no matter what accounts you have open at any one given time. Credit cards can be a super fast way to build up your FICO credit score, which is a number that is used by the major reporting bureaus to determine your worthiness for new credit. Scores can be as high as 850 for those in the top tier. Bad credit is thought to be 620 or below. Your credit score is assigned based on a variety of factors, but one of [...]
Features of the Best Credit Cards
In today’s fast-paced world, having a credit card is a necessity, not a frivolity. We need access to instant cash to pay bills instantly over the phone or Internet, to shop online, and much more. But finding the best card to use is no small task – and can actually become a somewhat mind-boggling process because there are so many different banks and companies offering thousands of different options. If you have good or excellent credit, your options are even more diverse. Let’s look at the features of the best credit cards so that you will have an idea of [...]
What You Need to Know About 0% APR Balance Transfer Offers
You may have received an offer in your mailbox or via email for a 0% APR balance transfer when you take out a new credit card with a particular company or bank, and are wondering if this offer is too good to be true. Zero percent APR balance transfer offers can be worth looking at if you are carrying high interest credit card debt – but you must be able to read between the lines and really go over the fine print of the offer in order to make it worthwhile. Terms of the Offer As appealing as a 0% [...]
Are 0% Interest Credit Cards Too Good to Be True?
The old saying goes that if something looks too good to be true, then there’s a likelihood that it is. The same is true of 0% interest credit cards. With so many banks and credit card issuers looking to lure consumers to their particular brand of card, you can just imagine the tactics and slight-of-hand tricks that some of them will revert to in order to get your business. And while there are some genuinely good offers out there to be had, there are some “pigs in a poke” that you should look out for as well. Let’s look at [...]
Understanding Your Current APR (Annual Percentage Rate)
So what is an APR (Annual Percentage Rate)? APR is the cost of using credit, whether it is a loan or a credit card. It is based on an annual term that must be paid either within the year or by the end of the year. In less complicated terms, it is the fee you pay for credit that enables you to buy now and pay later. Many people find themselves in debt, due to a lack of understanding about how their APR actually works and how much they actually are agreeing to pay back to the banks, credit card [...]