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How To Get The Best Rates On Your Current Credit Cards
How to Get the Best Rates on Your Current Credit Cards
So you've got a few credit cards, and you're quite happy with them overall. Still, wouldn't it be nice to save a little money on interest? It all adds up over time, and more quickly than...
How Web Masters Can Start a Home Based Business Using Credit Cards
If you’re a webmaster who has been itching to start a home based business and you are experiencing some cash flow problems and are considering leaving your dreams by the wayside, don’t. Credit cards may be your answer. Now before you start...
Learning Accounting: Debit and Credit Basics
When learning accounting for the first time, the terms ‘debit’ and ‘credit’ can be a bit confusing. Why? Because when you go to the bank and deposit money, the teller will tell you, “I am crediting your account X amount of dollars,” but if you are...
Methods To Arrange The Best Credit Card Deals
That credit card you always use for shopping or paying something you thought you may need can bring you a lot of advantages if you know how to ask for it and what to chose. There are some steps to make you reach a better credit card deal:...
Tips on How to Apply for a Credit Card
Deciding to apply for a credit card is not a decision you should take lightly. Many stores try to
get you to impulsively apply at the register, and you should never agree. Credit cards can affect
your financial situation for years so you should...
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Common Credit Card Terms and What They Mean
When shopping around for a credit card, it is very important to
understand the terms and fees that each card offers in order to
make an informed decision regarding the best credit card for
you. Because these terms affect your overall cost, it is
important to compare the terms and fees of various cards before
opening an account.
Annual Fees
These are the annual membership fees, or participation fees
charged by some card issuers. They can range from $25 up to
several hundred dollars.
Annual Percentage Rate (APR)
The annual percentage rate, or APR is the cost of credit as a
yearly rate. By law, this rate must be disclosed to all
applicants of a credit card. This rate is often variable,
meaning that it can be raised or lowered depending upon the
performance of the index, or econonmic indicator, that it is
linked to.
Balance Transfer
This is the process of transfering an unpaid credit card balance
from one card to another. Often the card receiving the balance
will charge the card holder a balance transfer fee.
Cash Back
Some credit cards offer cash back incentives to the card holder.
These offers usually mean you will receive some percentage of
the total amount charged to the card monthly, quarterly, or
annually. This
percentage may be paid to you by check or may be
reflected on your account as a credit.
Grace Period
This is the period of time offered by some cards that allows the
card holder to pay the balance in full without accruing any
interest charges. If your card does not offer a grace period,
then you may be paying finance charges from the date the card is
used.
Introductory Rate
Credit cards often offer special "introductory rates" to new
card holders. These rates may be as low as 0% for a specified
period of time. After the introductory period ends, the annual
percentage rate will increase to the cards regular ongoing rate.
It is important to know what this rate is as well as how long
the introductory period lasts prior to applying for one of these
cards.
Transaction fees
Some credit cards will charge additional fees for transactions
such as cash advances or balance transfers. Late fees may also
be applied when a payment is received after the due date.
About the author:
Karyn Kudrna is owner of websites that offer information on low interest credit cards
and credit cards for bad
credit and payday
loans
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| 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 magazine, corporate bonds, derivatives, structured credit ... |
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| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
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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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