Posts Tagged ‘APR’
How Can a Credit Card Balance Transfer Save Me Money?
Like most credit card holders, you have likely seen your mailbox or inbox inundated with credit card balance transfer offers. Should you take advantage of one? Or are you better off sticking with your current credit card? In many instances, consumers are well advised to do a credit card balance transfer in order to save money. Let’s look at how the balance transfer works and how you might come out ahead if you decide to do one. How Balance Transfers Work When you do a balance transfer of your credit card debt, it involves taking the current balance that you [...]
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 [...]
What Are Balance Transfer Offers?
Chances are if you’re like most of us you have at least one credit card that you carry a balance on. This means that you either choose not to, or are unable to pay your balance off in full each month. As everyone knows credit cards have interest rates and you get charged a percentage of your purchases when you don’t fully pay off your bill when it is due. This is called a finance charge and you most likely found this website because you’re sick and tired of paying it. Every card has a different interest rate usually expressed [...]