Posts Tagged ‘credit cards’
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 [...]
Opt for a No Fee Balance Transfer and Save
Credit card holders are well aware of the endless stream of offers that they get for new credit cards. Nine times out of ten these offers usually go into the trash without a second thought. This is a bad idea. Not only is there the possibility of identity theft (a subject for another article), but many of those offers contain no fee balance transfers where you can save not only on the balance transfer but on the interest as well. What is a Balance Transfer? A “balance transfer” is where one credit card company makes a payment on your behalf [...]
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 [...]
How Carrying Credit Card Balances Affects Your Life
Credit cards – who out there doesn’t have one? Most of the world survives on them. Everywhere you look, they are being advertised. You probably receive advertisements through the mail, internet, TV and even personal calls from credit card companies. With the economy in distress, however, people are having a hard time meeting their monthly budgets and the only way to survive is to take out personal loans and, of course, the easiest way is to take on credit card debt. It is actually pretty easy to get a credit card; as long as you do not have outstanding loans [...]