Comparing low APR credit cards can be your first step towards substantial savings if you currently carry a monthly credit card balance. Let us first define exactly what APR is. APR is short for annual percentage rate and is basically the effective rate of interest that a borrower will pay on a loan.
Stated another way, APR is the total cost of credit that a consumer will pay, including one time fees. It is expressed on an annualized basis to make it easier to compare loan options offered through different lenders. In the United States the lenders, in our case the credit card companies, are required by law to disclose their rates to the consumer.
The concept of APR can be applied to such financial instruments as auto loans and savings accounts as well. Comparing low APR credit cards online is a rather easy task when you go to a quality web site such as Find-Cards-Now.com. It is a secure site that lists well over 130 cards from the top issuers in the industry.
Transferring high interest balances from existing cards is beneficial for two reasons; first off, the savings realized by transferring to low APR credit cards are immediate. You can literally save hundreds, if not thousands of dollars depending on the size of the balance you carry.
And secondly, because you are paying less out on interest, you will be able to increase the amount you pay on the principle, thereby paying the card off quicker. Of course, this will require financial discipline, but the savings realized is well worth the effort. We would all like to increase our incomes. Sometimes the best way to do that is by cutting expenses.
You will find that most credit card companies will offer low interest cards, including issuers such as Discover Card and American Express. Be sure to read the terms of service carefully. In many cases the interest rate being offered will be an introductory rate that will expire in six months to one year. These are important details that must not be overlooked.
You need a good to excellent credit rating to be approved for low APR credit cards. If you are unsure of your current credit history, I suggest taking advantage of one of the many services that allow you to obtain your credit score. It is always a good idea to periodically check your credit record.
Morgan Hamilton is a financial adviser that specializes in the credit markets. Using Low APR Credit Cards responsibly is an excellent way to cut expenses and save money. Visit www.Find-Cards-Now.com to obtain more information and compare credit card offers.
Article Source: http://EzineArticles.com/?expert=Morgan_Hamilton
Friday 26 October 2007
Selecting the best Frequent Flyer credit card
"Exposed! Discover the Hidden Secrets to Earning a MASSIVE Amount of Free Miles"
Learn how to accumulate FREE miles at NO COST by selecting the best Frequent Flyer credit card.
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Learn how to accumulate FREE miles at NO COST by selecting the best Frequent Flyer credit card.
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Apply For Credit Cards - The Basic Necessities Unplugged
It is very easy to swipe a credit card and enjoy shopping, but initiation into credit cards is a tough process. The process to apply for credit cards begins by completing certain formalities after which one can get the credit card in his own name. The process of selection is incorporated into the credit card issuance methodology to eliminate non-serious users or the users who are not fit enough to hold a credit card. The process to apply for credit cards begins by finding out the credit worthiness. By credit worthiness, it is meant whether one would be in a position to pay the bills outstanding on the credit card.
In fact the process to apply for credit card is like an interview of the probable user. The higher the credit limit, more widely the chance of the credit card user to pay the outstanding with promptness. Therefore, the first hurdle that has to be cleared when one has applied for credit card is to be credit worthy. It is found out through the bank details that are fulfilled. If one is able to clear most of the outstanding bills within a month most of the times, then the probability of getting it after one has applied for credit card is the maximum. If the potential subscriber has a history of default of any kind in the past, then even after you apply for credit card, it can be denied to him.
Another important criteria being looked when you apply for credit card, is the credit capacity. This is calculated based on the income and the loan obligations you have and if the installment of the loans are paid on time, then your application gets a highest rating by the card issuing agency. If it is found after you apply for credit card, that he has the history of default in payment, then the credit card may not be issued at all.
Character is another major deciding criterion looked for by the card issuing agencies after you apply for credit card. The card issuing agency wants to know whether the day-to-day dealings of the individual are honest and straight-forward. This is found out after you apply for credit card, and then the issuing agency makes its decision in this regard by seeking reference from the known persons. The information is also obtained from the financial transactions, as also through payment receipts of utility bills.
At times references from employers are also sought after one has applied for the credit card. Therefore, the copy of the pay slip forms an important deciding document when you apply for credit card. Another criteria used, when you apply for credit card is the identity proof in the form of a social security number or the I-card issued by the employer. The social security number can provide all the details required that may decide whether the credit card can be issued or not.
Life style is another criterion that is researched in detail before when you apply for credit card. This is done to find out whether the potential user is a heavy user of the consumable items, and if that being so, then he is issued the credit card at the first instance. The physical assets an individual possess either moveable or immovable also are deciding factors in issuance of the credit card, after you apply for credit card. The reason is that it reflects a certain pattern of life style that is followed by the individual.
This article is courtesy of Credit-Wisdom.com, where you can compare and apply for a credit card. Credit-Wisdom.com offers consumers a unique way to compare and apply for credit cards online.
This article is courtesy of Credit-Wisdom.com, where you can compare and apply for a credit card. Credit-Wisdom.com offers consumers a unique way to compare and apply for credit cards online.
Article Source: http://EzineArticles.com/?expert=Richard_Gilliland
In fact the process to apply for credit card is like an interview of the probable user. The higher the credit limit, more widely the chance of the credit card user to pay the outstanding with promptness. Therefore, the first hurdle that has to be cleared when one has applied for credit card is to be credit worthy. It is found out through the bank details that are fulfilled. If one is able to clear most of the outstanding bills within a month most of the times, then the probability of getting it after one has applied for credit card is the maximum. If the potential subscriber has a history of default of any kind in the past, then even after you apply for credit card, it can be denied to him.
Another important criteria being looked when you apply for credit card, is the credit capacity. This is calculated based on the income and the loan obligations you have and if the installment of the loans are paid on time, then your application gets a highest rating by the card issuing agency. If it is found after you apply for credit card, that he has the history of default in payment, then the credit card may not be issued at all.
Character is another major deciding criterion looked for by the card issuing agencies after you apply for credit card. The card issuing agency wants to know whether the day-to-day dealings of the individual are honest and straight-forward. This is found out after you apply for credit card, and then the issuing agency makes its decision in this regard by seeking reference from the known persons. The information is also obtained from the financial transactions, as also through payment receipts of utility bills.
At times references from employers are also sought after one has applied for the credit card. Therefore, the copy of the pay slip forms an important deciding document when you apply for credit card. Another criteria used, when you apply for credit card is the identity proof in the form of a social security number or the I-card issued by the employer. The social security number can provide all the details required that may decide whether the credit card can be issued or not.
Life style is another criterion that is researched in detail before when you apply for credit card. This is done to find out whether the potential user is a heavy user of the consumable items, and if that being so, then he is issued the credit card at the first instance. The physical assets an individual possess either moveable or immovable also are deciding factors in issuance of the credit card, after you apply for credit card. The reason is that it reflects a certain pattern of life style that is followed by the individual.
This article is courtesy of Credit-Wisdom.com, where you can compare and apply for a credit card. Credit-Wisdom.com offers consumers a unique way to compare and apply for credit cards online.
This article is courtesy of Credit-Wisdom.com, where you can compare and apply for a credit card. Credit-Wisdom.com offers consumers a unique way to compare and apply for credit cards online.
Article Source: http://EzineArticles.com/?expert=Richard_Gilliland
If Someone Handed You $50,000 To Grow Your Business, Would You Take It?
Successful entrepreneurs know when they need money and they know how to get it! In just a few minutes, you'll have the same information and ability to grow your business as they do...
Want to Know More....Click Here!
Successful entrepreneurs know when they need money and they know how to get it! In just a few minutes, you'll have the same information and ability to grow your business as they do...
Want to Know More....Click Here!
Apply for a Credit Card - Use Your Cards Wisely During The Holidays
Well it is almost that time a year again and the store are starting their advertising campaigns and the holidays are in the air. Every year you pull out that list of people that you must buy presents for and the perfect way to do this is to just charge it! This time of year it is always the good excuse time to pull out your plastic and charge it instead of paying cash for it. The problem is that when you charge you usually take a while to pay it off and the interest makes the purchases a whole lot more expensive.
Just remember that even though it is almost the holidays you don't need to use the credit card always and have such big bills to pay in the end. You just need some smart advise so you don't spend to much. Moderation is the key to spending, remember you don't want to be paying off this christmas 2 years from now. Credit cards are a great tool that you can use to purchase gifts, it is important to not abuse them in the next few months.
Having a credit card sometimes makes it to easy to go to the store and just keep buying items that you don't really need, it seems like not real money. Credit card's can get out of hand very quickly if you are not careful, a helpful tip is have a detailed list of what you came to buy and stick to it. Try not to be easy swayed both those great deal you see in the window or at the end of an aisle.
Another great idea is to write down all the items you purchased with a credit card and add those items up each month to see what was actually charged.You will be surprised how quickly it adds up. Most people charge more during the months of November and December than any other month. When you are buying gift more expensive is not always better, allot of people would rather have a home made type gift, or something personal rather something expensive that has no connection to the receiver.If you use your imagination and be creative you can give a gift that is thoughtful as well as saving yourself money.
Remember that spending using a credit card can be good as long as it is kept under control.
http://www.bigloanguide.com
Article Source: http://EzineArticles.com/?expert=Bryan_Burbank
Just remember that even though it is almost the holidays you don't need to use the credit card always and have such big bills to pay in the end. You just need some smart advise so you don't spend to much. Moderation is the key to spending, remember you don't want to be paying off this christmas 2 years from now. Credit cards are a great tool that you can use to purchase gifts, it is important to not abuse them in the next few months.
Having a credit card sometimes makes it to easy to go to the store and just keep buying items that you don't really need, it seems like not real money. Credit card's can get out of hand very quickly if you are not careful, a helpful tip is have a detailed list of what you came to buy and stick to it. Try not to be easy swayed both those great deal you see in the window or at the end of an aisle.
Another great idea is to write down all the items you purchased with a credit card and add those items up each month to see what was actually charged.You will be surprised how quickly it adds up. Most people charge more during the months of November and December than any other month. When you are buying gift more expensive is not always better, allot of people would rather have a home made type gift, or something personal rather something expensive that has no connection to the receiver.If you use your imagination and be creative you can give a gift that is thoughtful as well as saving yourself money.
Remember that spending using a credit card can be good as long as it is kept under control.
http://www.bigloanguide.com
Article Source: http://EzineArticles.com/?expert=Bryan_Burbank
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