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Cash rebate credit card
Cash rebate credit card offers allow you to get a cash rebate every time you use your credit card. More and more companies are beginning to offer cash rebate credit cards, as customers like the idea of getting something back every time they make a...
Reversing Credit Repair
If you want to reverse your credit repair and land deeper in debt, let me show you how. Have you ever seen the advertisings that say you qualify for $10,000 in credit and your credit will increase once you accept the terms & conditions and also send...
So you want to get free airline tickets: Should you get a travel reward or cash back credit card?
Travel or Cash Back Credit Cards? If you want to use a reward credit card for getting free airline tickets, you have a choice of choosing a dedicated airline credit card, a travel reward credit card or a cash back credit card. A dedicated...
Techniques For Building Good Credit
Whether you are just starting out with no credit to your name or
trying to recover from having accumulated some bad debt which
has ruined your credit, there are simple strategies you can
apply to get your credit back on track.
Many young...
Travel Rewards From Using Your Credit Card
Responsible use of your credit card allows flexibility and
leverage as it helps people manage their money. By using the
principle of interest rates in credit, it allows large and
expensive purchases like buying furniture and appliances.
Payment...
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Debt consolidation – Options for Reducing Credit Card Costs
Americans are using credit cards more than at any time in history, and credit card companies are reaping record profits. One of the reasons that the credit card industry is so profitable is that so many of us use our credit cards unwisely.
If you have good credit, you can get a credit card with a reasonable interest rate; say 10% or so. You can keep that rate by paying your bill on time. On the other hand, if you pay your bills late or fail to pay in full, then you will have to pay late fees and interest. Late fees often range between $15 and $29; some card issuers may charge even more. Adding to the pain of paying late fees, however, is the likely change in interest rates on your card if you pay late. A late payment may trigger a substantial increase in the interest rate on your card, and that “reasonable” interest rate of 10% may suddenly rise to 20% or even 25%!
It’s hard to pay off your credit card balance when you have late fees and 25% interest, so this is something you definitely want to avoid. If you usually pay on time, and you pay late once and are charged a late fee, ask your credit company if they will waive the fee. They will often do it – once. Some will not do it at all, but it is always worth taking the time to ask. If they are unwilling to help you, then you may be better off shopping around for a better credit card deal elsewhere.
You can often save money by transferring your balance to a lower interest credit card, if
you have one. Competition has been fierce during the last few years among credit card companies, and it is fairly common to receive “promotional” rates of less than 5% if you transfer your balance to another card. Be sure to read the fine print, however. Those low rates usually apply only to transferred balances, and not to new charges placed on the card. There is usually a time limit associated with the promotional rate, and higher rates may apply at the end of the time limit, perhaps even retroactively!
In summary, if you want to minimize your credit card costs, try the following:
Shop around for a credit card with a low interest rate.
Pay your bills on time. A good way to do this is to pay online. That way, you won’t have to worry about your check being delayed in the mail.
Transfer balances from high interest rate cards to cards with lower rates.
Use your cards wisely. If you can pay cash, do it.
A few simple steps can save you a fortune in interest charges and late fees.
About the Author
©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to debt consolidation and credit counseling, and HomeEquityHelp.net, a site devoted to information regarding home equity loans.
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Federal Trade Commission - Consumer Credit Center |
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AnnualCreditReport |
Site set up by the big three credit reporting agencies in the United States, to furnish free annual credit reports, as required by federal law. |
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Springboard - Non-Profit Consumer Credit Management |
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Experian: Free Credit Report and Credit Score, Credit Check ... |
Credit referencing and consumer targeting for the USA and other countries. |
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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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The National Foundation for Credit Counseling |
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FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
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Ford Credit - Auto financing for Ford, Lincoln and Mercury cars ... |
Ford Credit provides auto financing to finance a lease or purchase a car or truck through Ford, Lincoln or Mercury dealerships. |
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The Credit Card Prank |
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Credit magazine, corporate bonds, derivatives, structured credit ... |
Credit magazine provides information on the international credit markets for credit investors, issuers and market professionals. |
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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, ... |
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