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How to Build Business Credit Despite Your Personal Credit
Business credit is more of a science than an art. The first rule for this science is that it is not the same as personal credit. Many would-be and aspiring business owners are not aware that establishing credit for a business is just as important...
Improve your credit score
What does "Credit Score" mean? A measure of credit risk
calculated from a credit report using a standardized formula.
Factors that can damage a credit score include late payments,
absence of credit references, and unfavorable credit card...
The Credit Card Offer
One day I got a call from my credit card company asking me if I would like to increase my credit limit by borrowing up to $9000 at their special rate of 15.9%. The operator stated, "Your credit card rate will then be a low 15.9%. How much would you...
Unsecured Personal Loans and Credit
"For those exploring the possibility of taking a loan but not quite sure what unsecured personal loans and credit are all about, here's a helpful summary. This summary will help you to understand what unsecured personal loans and credit involve and...
Visa Credit Cards
These days, major credit card brands, especially MasterCard and Visa credit cards have become more than a necessity, making living without one very inconvenient. These credit cards are not only accepted almost everywhere in the U.S. but are even...
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Choosing a Credit Card
Everyone has different needs when it comes to choosing a credit card. If you pay off your monthly bill in full on a regular basis, for instance, you’ll want a different kind of credit card than someone who keeps a balance every month. Or, if you collect some sort of points, you may want a card that helps you gather more, faster, with every purchase. This article will discuss the different things to think about when trying to decide which credit card to apply for.
Choosing a Credit Card: Fees
One of the most important and first thought of issues with getting a credit card is fees. Fees can include not only the annual fee, but the interest rate charged on any balance you carry, any late fees, and ‘other’ fees that a credit card company may charge.
If you are able to pay your full balance every month (as is highly recommended by the experts), you’ll be better off with a no annual fee card. However, if you are like most people, and plan on carrying a monthly balance, instead you’ll want to look for a card that offers an extended low interest rate. Also, find out how long the low interest rate is valid for; many of these credit card rates are merely teasers, and expire after a couple of months.
It’s very important while comparing credit card companies that you look closely at how interest is charged, not just the rate it’s charged at. For instance, it’s a big financial difference if interest is charged on the average daily balance of the last month, than if it’s charged daily based on the going interest rate. Read the fine print here, since it’ll pay off in spades, later.
And don’t forget the fine print with the ‘other’ fees – these can add up quickly. Does the credit card company charge when you take a cash advance, for instance?
Choosing a Credit Card: Acceptance
Where your potential credit card is accepted can make a world of difference when shopping around. If you travel extensively, then this is of the utmost importance – maybe even more important than fees, because if you can’t use your card, what’s the point in having it? Mastercard and Visa are the most widely known credit cards at the moment in North America, with American Express a distant third. Any others you’ll want to do some heavy research on to make sure where you want to use it, you can.
Choosing a Credit Card: Perks
Frequent flyer points and bonuses at local stores are both regular perks available with many credit cards today. If these options are important to you, make sure to research their dollar value in reference to the other bits and pieces as well, and compare them alongside each other.
Choosing a Credit Card: Credit Limit
Finally, your credit limit is something to look at when deciding on a card. Usually this step is easy, because it is decided by the credit card company, and not yourself. Just make sure that you aren’t getting too high of a limit, because as you well know, it’s difficult to dig your way out of too much debt.
About the Author
For more more information about credit cards please visit http://www.moneytipsdaily.com/Money-Tips/As-Total-Credit-Card-Debt-Surpasses-2-Trillion,a-Free-Software-Tool-Shows-Consumers-the-Quickest-Way.html
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| Credit Reports - Credit Cards - Car Loans - Home Loans - Credit.com |
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| Springboard - Non-Profit Consumer Credit Management |
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| National Credit Union Administration - Home Page |
| An independent federal agency that supervises and insures 7152 federal credit unions and insures 4240 state-chartered credit unions. |
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| Credit - Wikipedia, the free encyclopedia |
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| Credit (finance) - Wikipedia, the free encyclopedia |
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| en.wikipedia.org |
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| The National Foundation for Credit Counseling |
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| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
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| The Credit Card Prank |
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| Credit magazine, corporate bonds, derivatives, structured credit ... |
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| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
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| Credit/Debt Management - Tools and Advice for Managing Credit and Debt |
| Drowning in debt? Trying to improve your credit score? This is the place for you. Get real world information and tips, as well as the legal low down, ... |
| credit.about.com |
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