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What makes a credit card deal the best?

3 November, 2011 By Leave a Comment

What makes a credit card deal the best?

Article by Peter Carville









There are several credit card companies in the market with several kinds of deals. It means you can find a card with ease, but the problem is that cutting the best deal is not a child’s play by any stretch of the imagination. There are several factors that go on to make your credit card the most suited and enable one to get the best deal.

The things to look for are the basic rates that one will end up paying, the annual fees and the incentives that one can get in.

The interest rate can be the typical 15.9% APR which is an extremely competitive rate. The first 12 to 15 months are completely interest free which enables one to use the card and yet not accumulate added interest on it.

The credit card that gets one 0% balance transfer for the first year is not going to burn a hole in one’s pocket. The credit card might also offer one 3 to 6 months of free card purchases after one has got the new credit card. Even after the claimed 0%, one might end up paying a percentage as handling charges. Check on the percentage charged.

Scrutinize carefully the annual fees that one is going to be charged on the credit card. This might be a hidden expenditure that one might not have taken into consideration when opting for the credit card.

The incentives can include notching up several bonus destination miles based on the amount you spend on the credit card. You will also be able to get a discount on your BT telephone bill which could be up to GBP 75 annually. There are several different kinds of branded merchandise and heavy discounts at popular stores and malls which includes high street shopping.

Looking for all these features will ensure that the credit card one gets is just the kind customized to suit their needs and requirements and fits their budget too.

Check whether the credit card comes with fraud protection. This might be an overlooked feature in the clutter of benefits but a crucial one. In case of fraudulent activities on your card, will your card be protected against unusually high transactions? This will enable one to get a safety net on the credit card.



About the Author

Peter Carville is a freelance article writer who writes for Financial Facts about the current financial news and the credit crunch.










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What Do You Look For In A Credit Card?

2 November, 2011 By Leave a Comment

What Do You Look For In A Credit Card?

Article by Andrew Regan









Everyone has a different view on credit cards. For example some people don’t even own one. Others might have several which all have balances on them they are gradually reducing with each month that goes by.Most of us go through the process of looking for a new credit card every now and then, whatever the reason for doing so might be. This is the best time to start thinking about what you need from a credit card. If you do this you will be much more likely to find the best card for you.The easiest place to start is by thinking about the reason you are getting a credit card in the first place. For example are you considering moving a balance over to a new card? If you are you will be better off looking for one that has a 0% interest rate for a period of time initially. This isn’t always the best solution though – you may want to look for a credit card that has a naturally low rate for the foreseeable future instead. This can sometimes work out cheaper in the long run if you are planning to pay the balance off gradually.What other options are available to you?If you are intending to use the card for purchases on a regular basis you will need one that offers a low interest rate on this instead. It is always wise to try and pay off the balance in full every month if you can, but at least a lower rate will give you more options and more freedom if you decide to pay it off over a longer period of time.It is also worth considering the credit cards offered by major names in the financial market. Since this is a major financial product you need to be sure you can trust the people behind it. All the major players offer credit cards so you shouldn’t have any trouble finding one with a name you know and trust.Make sure you look into each potential card in more detail before applying for it as well. Not all cards will be suitable for you but all your applications for one will be noted on your credit file. By ensuring you check the details before you apply for it, you will know whether you have something suitable for your needs or not. Read the small print and make sure you understand it and you are happy with it. This is the route to success when choosing the credit card you want.Whether you are looking for a low APR, a 0% balance transfer rate or something else entirely, make sure you do your homework before you choose the perfect credit card for you.




About the Author

Andrew Regan writes for a digital marketing agency. This article has been commissioned by a client of said agency. This article is not designed to promote, but should be considered professional content.










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Credit cards – Be sure you’re getting the best deal

2 November, 2011 By Leave a Comment

Credit cards – Be sure you’re getting the best deal

Article by Peter Carville









These days everyone has them, hard cash is a thing of the past, digitized dollars, pounds or yen are the new form of money, which whizz by us undetected each day in the form of wireless data transfers. It seems like the logical next step; paper and coins are inconvenient and risky to carry around for large purchases. Every mainstream business has an affiliation to the main credit card providers, American Express, Master Card, Visa, dinner’s club or discover network. If you travel a lot for business, you always have access to the currency of that country or if you find yourself in a tight spot with an empty wallet, a credit card is always accepted.

When searching for the perfect credit card, you’ll come face to face with several different offers all of which sound very tempting. Some credit providers will advertise 0% balance transfers for those wanting to consolidate their existing balances, others offer very low minimum payback amounts, which gives you time to organize your finances before paying of the balance. Both of these sound great and appear to make paying off your credit card much easier, but unfortunately this is not always the case.

In some cases it is better to not be drawn in by the advertising catch lines, as you might not be getting quite what you think. If you want to be sure of what you’ve applied for and want to avoid any messy future disputes, then check the fine print and decipher it as best you can. All companies must by law provide you with a full detailed and truthful description of the services and products that they are selling to you, if for some reason you didn’t get one then ask, but this won’t be an issue with well known credit card providers.

To help you make an informed decision and get a product that is working with you and not against you, here are a few factors that you should be aware of as a consumer.

1: 0% balance transfer features often come with a hefty transfer fee, if you have decided to apply to a credit card company to take advantage of their 0% BTR then be sure to ask whether a fee is included. The usual fee rates are set at between 3-5% of your balance, this is not significant for small amounts, but larger amounts will cost you much more. The cost of this fee may be almost the same amount of money that you’re saving by going with the provider offering 0%, basically you may not be saving any money with this feature.

2: Cash advances – All credit cards offer customers the ability to withdraw money from an ATM machine and surely at some point you will need to make use of this feature. Unfortunately ATM cash withdrawals have the highest interest rates of all the credit card facilities; they are usually set at 20 – 25%

3: Having a low minimum payback feature is a great way to take the pressure off of having to pay the full amount owed at the end of each month. The downside to paying the minimum each month is that it will take you forever to get the balance paid off and such a slow payback rate, when you’re on an introductory 0% interest rate will not work in your favor. It’s always better to attempt to pay off more than the minimum, as this will also give you a higher credit rating.

4: Universal defaults – If you make constant late payments on your credit card than the provider has the right to impose late fees and increase your interest rates if they so choose to. The real kicker is that if your interest rates have been increased on one credit card due to late payments, all the other providers can do the same thing. So if your master card has put up your rates, then by some strange illogical reasoning your visa card providers have the right to do the same thing.




About the Author

Peter Carville is a freelance article writer who writes for Financial Facts about the current financial news and the credit crunch.










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Give a little with charity credit cards

1 November, 2011 By Leave a Comment

Give a little with charity credit cards

Article by Peter Carville









Credit cards we all have them; in fact these days if you don’t have a credit card and are living in a modern developed city, life can be a little inconvenient. You’ll be missing out on the chance to purchase lower cost products and services over the internet or phone, directly from the supplier. If you plan on taking part in an event, a concert or want to try your hand at selling some second hand goods through eBay, then a credit card is a must have to apply for these services online. In short a credit card is essential for a consumer living in an era of supply and demand, where money is the ultimate symbol of status and power.

While most of us enjoy comfortable lifestyles there are many that are not as fortunate and they don’t all live in undeveloped countries thousands of miles away, many are on your own front door. If you were to browse through the filing cabinets of any charity office you would learn that there are countless children living in squalid conditions with no mother or father to give them support or guidance. That animals have been bought as pets, house trained and then thrown out on the streets when they out grow their usefulness. Or that thousands of people are falling victim to currently untreatable illnesses, such as cancer and AIDS; and some of them can’t afford the treatment to see them through a slightly longer life span. You’ll also know that lack of funding for further cure developments of these illnesses are seeing millions go before their time.

More and more people in developed nations are learning about these issues through mainstream media and have grown heavy consciences in response. In order to give a hand, several large credit card companies have developed charity credit cards. These cards have been linked to a specific charity or organization and a deal has been worked out to give either a sign up donation on all credit cards or a small percentage of each customer’s purchases. If you want to do your part to help those less fortunate than you can make a difference by applying for a charity credit card instead of a regular one. Most have basically the same standard rates as other cards; to give you an idea of what is on offer, here are a few of the most popular options today.

1: MBNA Heart Foundation card – This is a card with a pretty decent deal for both yourself and the charity that it supports. The British heart foundations is a great driving force to helping people young and old with heart conditions, they fund research, help pediatric heart patients and earn money for those that need support with their heart ailment. They offer a 0% balance transfer rate for the first 12 months with no more than a 3 pound transfer fee and the purchase rate is set at 0% for 3 months with the standard APR at 15.9% The charity receives 5 pounds within 90 days of using the card and 25 pence for every 100 pounds spent.

2: UNICEF Credit card – This card helps people a little further from our shores, in less developed countries that have fewer resources than we do. Through using this card you will be able to help people that don’t have access to even the basic human needs such as water, good clothing and a good source of food. This card is also offered through MBNA and offers the same user features above with the APR at 15.9% and limited introductory period balance transfer and purchase rates. The charity will get 20 pounds when you start using your card and 25 pence for every 100 pounds that you spend. Did you know that just 15 pounds can buy enough rehydration salts for 500 young children?




About the Author

Peter Carville is a freelance article writer who writes for Financial Facts about the current financial news and the credit crunch.










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Loans – Credit Card Vs. Loan

29 October, 2011 By Leave a Comment

Loans – Credit Card Vs. Loan

Article by Liam G









If you find yourself in a position over the coming months where you need to make a large purchase, say one in excess of £5,000 and you do not have the funds readily available, then the most realistic options you have are to either take out a personal loan or apply for a credit card.

The sad news on both of these fronts is that neither is going to prove inexpensive, the credit crunch has meant that those that do make it through lenders’ stringent criteria’s are also likely to end up paying through the nose in interest.

For instance, two recent studies have shown that 14 loan lenders have increased their personal rates in the last month alone and there has been an average interest rate hike of 0.6% on many standard credit cards. This does not mean that finding affordable finance has become impossible though, for those willing to invest a little time and effort there are competitive deals out there.

If you know that the £5,000 you need cannot realistically be repaid any time soon and you have no desire in chasing the best credit card rates than a loan is likely to be your best bet. On top of these advantageous factors, for the most part they also offer much lower rates than the average credit card, with 8% being the current market leader.

If you would rather opt for the credit car option, then you need to be prepared to switch. Here you have two options; you can either keep on switching; or switch just the once. The first of these options generally involves getting a 0% on purchases card to buy your purchase, and then once this term is up, move the balance to a 0% balance transfer rate card. The latter of these cards generally offers 0% interest for about a year, some as long as 15 months; either way, to avoid incurring interest you will have to switch before your term is up.

The second option, similar to the first involves using a 0% on purchases card but this time round you transfer your balance over to what is known as a lifetime balance transfer card. As the name suggests the rate of interest stays at a set rate for the lifetime of the outstanding balance.

There are various pro’s and con’s to each, such as the transfer fee incurred when moving your balance from one lender to another, this alone will usually help you decide which option is the best for you. If you are still stuck, then it’s probably best to talk with your bank or an IFA (Independent Financial Advisor).

Whether you decide to use loans or credit cards to fund your purchase, its vital you are getting the best deal. This is best achieved online where you are able to compare rates from hundreds of unsecured loans, personal loans, secured loans etc.



About the Author

Liam is a UK based writer.










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Credit Card Comparisons

25 October, 2011 By Leave a Comment

Credit Card Comparisons

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Interest On Balance Transfers

24 October, 2011 By Leave a Comment

Interest On Balance Transfers

Should you be considering trying to get a interest on balance transfer specials card you should be conscious of prepaid credit cards should only provide for the purpose of lowering the balance of the transferred debt. Applying this card to create new purchases or cash advances defeats the intention of trying to reduce your interest with this sort of deal.

Most of the deals that you can get with introductory rates of % interest for 6 months only affect your debt balance that’s transferred. In the event you look with enough contentration you will discover several deals that provide the % rate on balances and purchases however, not many. Consequently without a deal that also includes both, investing in your card may cause you plenty of financial strife down the track.

The explanation for that is that, purchases and balance transfer deals are totally separate. So as an example whenever you buy something making use of your card the standard interest rate are going to be applied. The problem then gets exacerbated whenever you produce a repayment, as any amount you pay is automatically credited toward the cheapest interest debt in this instance your balance transfer, this is known as the payment hierarchy.

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Consequently the interest that has been charged to your purchase will always accrue on the higher rate until such time as your balance transfer debt is paid off. So you might find when you have your balance transfer paid another completely new debt has arisen in the place.

If you’re fortunate enough to find credit cards and also on purchases, ensure you make certain the reduced interest period for both lasts exactly the same time period, to be able to avoid being caught with extra interest problems.

Most of the people remove this kind of card to bring charge card debts under control, so continuing to invest and escalating the money you owe is absolutely not planning to solve the situation you are wanting to tackle initially, and you’ll be going backwards. The ultimate way to reap the benefits of such a card would be to make your payments and pay back debt.

Find out you can not pay the debt in full inside the few months with the offer, you’d be better advised to consider the options for an arrangement with long run low interest rate or perhaps a life balance transfer deal.Read more: credit cards with low interest

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0% Purchase and Balance Transfer

24 October, 2011 By Leave a Comment

0% Purchase and Balance Transfer

Article by Jason Wilson









There are a number of different options available to you when it comes to credit cards offering 0% purchase and balance transfer. In fact, there are so many different 0% purchase and balance transfer credit card offers available that it can be confusing for consumers who are trying to select between one or the other, or the other several dozen on the market at any given time. This is why it is such a wise choice to use a credit card comparison website, which can make a lot of sense for consumers who are adamant about getting the right 0% purchase and balance transfer credit card and not regretting it in the long run.

Credit card comparison websites are designed to make the choosing process much quicker and easier for consumers looking for 0% purchase and balance transfer credit cards. Not only do they provide comparisons between various cards that are easy to read and interpret, but they also publish a wealth of other useful information that will teach you how to manage your debt, save money, budget and refinance when necessary. They may also provide loan calculators that can help you do the math behind different interest rates, and other vital information that can help you make the best decisions regarding your money.

If you want to benefit in the long term from credit cards offering 0% purchase and balance transfer, it is important that you avoid creating future debt, instead using your interest free period to pare down other debts rather than creating new debts. Once you have transferred your balances, close out your older credit cards and focus on paying off the new ones on time, every time. This means that by taking out 0% purchase and balance transfer credit cards, you can pay off old credit cards and start again debt free. In other words, you can use 0% purchase and balance transfer credit cards to cut down your debt and start fresh. This is an excellent way to save some money in the long run, building new, healthy credit in place of bad debt and credit that bogged you down in the past.



About the Author

SmartCreditChoices.com has many credit card offers including 0% APR balance transfer credit cards.










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Why You Should Opt For 0 Interest On Balance Transfers

22 October, 2011 By Leave a Comment

Why You Should Opt For 0 Interest On Balance Transfers

Credit card companies are always seeking to increase their customer base by coming up with deals that will make potential customers accept their offers. One of the strategies they use is by offering low and at times 0 interest in balance transfers. This happens whenever new customers transfer their balances. The interest rates offers are applicable for the first few months, after which the usual rates are applied. This means that as a new customer you’ll benefit from several months of zero repayment of the rates.

Here’s how you benefit from this credit card offer:

Money saving: 0 interest on balance transfers can save you hundreds of dollars as the borrower within the six months that the offer runs. If you for example you have a balance of 000 and you are supposed to pay at the rate of 34%, taking advantage of this offer gives you an incredible opportunity to save up to 00 within the first six months. This indeed a money-saving opportunity that you can overlook if you are keen on saving money and reducing your debts.

Smooth debt payment: The cards give you sufficient time for paying off the debt in your card. This is because you’ll be able to save on the interest so that you can pay up the balance on the card. It’ll be surprising to note the massive progress you’d have made in the repayment of your card debts at the end of the offer period.

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Consolidation of debts: The fact that credit cards with 0 interest on balance transfers have huge credit lines makes it easy for you consolidate your debt. This is because you can simply combine several credit card balances into a solitary account. This goes a long way in reducing your minimum monthly payments at a considerable scale. You can then decide the means through which you’ll spend the money. This may be in the form of using the savings to enhance your monthly cash flow or in the payment of the principle amount.

How to get the best of credit cards with 0 interest on balance transfers:

The following are ideas that you need to embrace in order to benefit from all that these credit card offers have to give you as the customer.

(a) Get acquainted with the up front fees. You should ensure you choose the credit card with lesser fees. This can be achieved by considering the fees that are charged at the time of application. You should also ascertain whether the offer will save you enough money during the period in which it runs such that it’ll be sufficient enough to clear the balance transfer fees.

(b) Negotiate the fees. It is always advisable to use your negotiation skills in striking the best rates for both the interest rates and annual fees. The best way to find the best transfer credit cards this is to call the credit card company as opposed to making the application online. Having a talk with the credit card company representative can be of great significance in lowering the applicable fees.

(c) Make sure you use the offers to clear all your outstanding high rate debts on your credit cards. You should then make sure that all the balances on high interest rates are transferred to your savings.

These offers can help you immensely in regaining a smooth cash flow on your finances. It is important though to ensure you fully understand what the interest rates will be once the promotional rates have expired. This way you’ll be able to find the best 0 interest on balance transfers to regain financial stability within the shortest time possible.

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How to Manage Business Credit Card Debt Properly

20 October, 2011 By Leave a Comment

How to Manage Business Credit Card Debt Properly

Article by Pamela Williams









Starting up a business involves expenses. For most new entrepreneurs, a loan is a must in order to get the business started. Aside from business loans, additional support may be necessary in keeping up with the production and operating costs. Small business credit cards often provide this much-needed financial assistance to business owners.

Why Get a Business Credit Card Debt

Some people may be skeptical about obtaining credit cards for business because they are afraid that credit cards may lead to uncontrolled spending and debt. However, business credit cards can be great tools not only in keeping a steady cash flow but also in separating your business and personal finances. With the help of business credit cards, monitoring your expenses is also a lot more convenient and easy. How can you get the most from your business credit card? How can you avoid credit card debt?

Obviously, proper management and control is needed to avoid the risk of credit card debt. For instance, some entrepreneurs may be prone to charging their personal expenses on their business credit card but such a habit can easily lead to uncontrolled debt. As a business owner, you need to make sure that your business credit card is exclusively used for official business purposes. Submitting your credit card payments on time is also crucial if you want to stay away from trouble. It could be tempting to pay only the minimum due even if you have the cash to pay your balances in full. But carrying over your balances from month to month also means paying for the additional interest charges. Thus, to avoid unnecessary costs, make it a point to completely pay off your charges each month.

Business Credit Card Debt Consolidation

But what if you’re already stuck in credit card debt? What can you do about it? A business owner has two options to solve this problem. One is by acquiring a debt consolidation loan to pay off all existing balances and stop the interest rates from accumulating further. By combining his credit card debts into a single loan, the interest rate is reduced and monthly payments are significantly lowered.

Another way is by getting a balance transfer credit card with low interest or zero interest. This would enable you to pay off all the balances you transferred at a low rate or zero interest. However, take note that the 0% APR is only applicable for a limited time, so you must take advantage of this opportunity by completely paying off all the debts you’ve transferred within the zero interest period.Any of these two credit card consolidation options can work but in order to be effective, a business owner needs to ensure that he/she can pay bills without a single delay or miss. It would also be wise to avoid incurring new debts while still working on your repayment. Finally, once you’re done with your repayment, you need to a lot more careful about using your business credit cards to avoid falling in the same debt trap again.



About the Author

Pamela Williams is a Loan Consultant, Internet Marketer, Writer and owner of BusinessCreditCardSite.com, a finance company Las Vegas, Nevada that provides support for businesses all across the US particularly with obtaining credit cards for business. Visit http://www.businesscreditcardsite.com










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